Amerix Precious Metals Corporation
TSX VENTURE : APM
FRANKFURT : NJG

Amerix Precious Metals Corporation

June 05, 2006 09:00 ET

Amerix Precious Metals Reports on 2006 Drill Program; Submits Application for Renewal of Exploration Concessions

TORONTO, ONTARIO--(CCNMatthews - June 5, 2006) - Amerix Precious Metals Corporation ("Amerix") (TSX VENTURE:APM)(FWB:NJG) is pleased to announce progress on its drilling program at the Nova Brasilia (NBSB) target at its Vila Porto Rico Property in Para State, Brazil.

Through May 31st, 2006, the drill contractor Kluane International Drilling, has completed 1,192.7 meters of diamond drilling in seven holes. The initial phase of the drill program, which commenced on April 25th, 2006, is designed to test and confirm the NBSB target along strike and at depth. Six holes have been completed and all of the holes intersected the target, a five-meter thick ultra-mylonite, hydrothermal zone. To date, the drilling has confirmed a five-meter thick zone along a strike length of 400 meters, up to a vertical depth of 160 meters.

Additionally, the target zone has been identified in surface outcrop and garimpeiro workings over a continuous strike length of 900 meters. Based on the structural geology, geochemical results and surface outcrops Amerix estimates that the NBSB target extends for more than 2.5 kilometers.

On October 25th, 2005, the Corporation announced that sampling program of the Aracati garimpeiro pit, Amerix geologists discovered a gold-mineralized zone rich in sulfides and carbonates associated with quartz veins. Assay values in grab samples ranged from 9.54 grams gold per tonne (gpt) in garimpeiro tailings to 162.74 gpt in the main vein. Hard-rock grab samples in the footwall-hangingwall revealed gold-bearing, highly sulfidised (pyrite) rocks running up to 13.27 gpt.

In commenting on the progress, John Andrews, President & CEO of Amerix said "We are delighted with the results we have achieved to date and our geologists believe that the potential at Nova Brasilia is superior to the Ouro Roxo deposits."

In other news, Amerix announced that it had submitted a petition to the 5th District of the Departamento Nacional da Pruducao Mineral (DNPM) to increase the term of the exploration concessions granted to Mineracao Vila Porto Rico (MVPR) in 2003 and/or to extend these exploration concessions by an additional three years. The technical report which supports the application document was prepared by Senior Engenharia of Belo Horizonte, Brazil and contains a full technical description and analysis of all aspects of MVPR's exploration program including an evaluation of the Ouro Roxo deposits. The documents together with a translation of the conclusions from the technical report are available on SEDAR at www.sedar.com and on the Corporation's website at http://www.amerixcorp.com/

About Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario Corporation exploring for precious metals in Brazil. Vila Porto Rico and Limao are gold projects in the Tapajos Gold Province in Brazil. The Corporation's shares trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange under the symbol "NJG".

Additional information regarding the Corporation, including the audited consolidated financial statements of the Corporation for the financial year ended July 31, 2005, and related management's discussion and analysis of results, can be found on SEDAR at www.sedar.com.

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