Amerix Precious Metals Corporation

Amerix Precious Metals Corporation

March 01, 2005 09:00 ET

Amerix Announces Additional Results From Vila Porto Rico Drilling


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AMERIX PRECIOUS METALS CORPORATION

TSX VENTURE SYMBOL: APM

MARCH 1, 2005 - 09:00 ET

Amerix Announces Additional Results From Vila Porto
Rico Drilling

TORONTO, ONTARIO--(CCNMatthews - March 1, 2005) - AMERIX PRECIOUS METALS
CORPORATION (TSX VENTURE:APM) is pleased to announce the results of the
second set of holes drilled at its Vila Porto Rico property in western
Para State, Brazil. Mineracao Vila Porto Rico (MVPR), Amerix's wholly
owned Brazilian subsidiary, is engaged in a 5,000 meter drilling program
at Ouro Roxo.

Hole numbers AORN-04, AORN-05 and AORN-06 were drilled on the 200N and
100N sections to depths of 232, 235 and 249 meters, respectively. These
holes have confirmed the results reported on February 14, 2005, which
indicated that the ore zone reduced in width toward the south. The next
phase of the drilling at Ouro Roxo North will take place along the 500N
section to identify a possible extension of the ore body to the north.

The drill results from Amerix's drill program (AORN series) at Ouro Roxo
North are attached to this release along with the drill results from the
holes completed by RTZ/CRA (FOR series). A detailed map showing the
location of these drill holes is provided through a link to "Brazil
Activities" on the homepage of Corporation's website at
http://www.amerixcorp.com/.

A fourteen-hole drill program to test the geochemical anomaly at Ouro
Roxo South is in progress and four holes have been completed. Amerix has
determined that the large gold soil anomaly at Ouro Roxo South is more
than 600 meters in a north-south direction and approximately 200 meters
wide. The anomaly is open-ended both to the south and north. It is
estimated that this 1,380-meter drill program will be completed in March.

The Corporation announces that it has regretfully accepted the
resignation of Dr. Charles Thorman as Executive Vice President
(Exploration), as a Director and as Corporate Secretary effective
February 16, 2005. Dr. Thorman was instrumental in identifying the
attractive land position which Amerix acquired in Brazil in 1997 and has
made a significant contribution to the Corporation's exploration
efforts. Dr. Thorman is retiring to devote more time to his wife who is
not in good health. However, Dr. Thorman has agreed to assist the
Corporation on a consulting basis until his successor is identified.

"It is with mixed emotions that we release these results," said John
Andrews, CEO of Amerix. "We are very happy that our exploration program
continues to move forward in an efficient manner in Brazil and we look
forward to receiving the results from our drill program that is
currently ongoing in Ouro Roxo South. On the other hand, we are sad to
see Chuck Thorman leave the organization. He has played a key role in
Amerix and we wish him well."

The technical and scientific information contained in this press release
has been reviewed by John Andrews, P.Eng. (Ontario), a qualified person
within the meaning of National Instrument 43-101. Mr. Andrews is
President and Chief Executive Officer of the Corporation.

Amerix Precious Metals Corporation is an Ontario corporation that
explores for precious metals (gold & silver) in Brazil and Mexico. The
Corporation's shares trade on the TSX Venture Exchange under the symbol
"APM." Amerix was formerly New Bullet Group Inc. and changed its name
and domicile on May 31, 2004.

The Corporation's website is http://www.amerixcorp.com/

Disclaimer:

This news release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act
of 1934, as amended. All statements, other than statements of historical
fact, included herein are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Corporation's expectations are disclosed in the
Corporation's documents filed from time to time with the TSX Venture
Exchange and the Ontario Securities Commission.



Gold intersections at Ouro Roxo Norte

Gold Assay
Hole Section Hole Bearing Interval Thickness (Grams
Number Line & Inclination in meters (Meters) per tonne)
---------------------------------------------------------------------

45 degrees
AORN-01 429.50N to west 55 - 62 7.00 8.70
or 58 - 62 4.00 13.86
104 - 105 1.00 9.48

45 degrees
FOR-15 429.50N to west 107 - 107 0.73 4.74
136 - 138 2.10 4.81
161 - 162 0.50 2.32

FOR-17 429.50N 90 degrees 125 - 130 4.84 2.22
188 - 189 1.28 0.36

60 degrees
FOR-26 429.50N to west Drillhole did not intersect
the ore zone
---------------------------------------------------------------------
---------------------------------------------------------------------
60 degrees
FOR-07 300N to west 4 - 8 4.38 3.55
23 - 24 1.00 1.06
30 - 31 1.00 1.90
37 - 45 8.00 11.41

45 degrees
FOR-11 300N to west 32 - 33 1.31 11.30
92 - 97 4.70 28.12

60 degrees
FOR-02 300N to west 52 - 53 1.00 4.02
58 - 59 1.00 1.33
98 - 105 6.97 3.05
112 - 115 3.12 28.74
or 98 - 115 17.09 6.59

65 degrees
FOR-08 300N to west 70 - 71 1.01 1.14
77 - 78 0.85 15.58
116 - 118 2.12 3.64
144 - 151 6.72 3.14
167 - 168 0.63 32.20

60 degrees
FOR-25 300N to west 196 - 197 0.55 1.18
199 - 200 1.06 1.10
205 - 207 2.13 1.43
322 - 325 2.93 0.98
---------------------------------------------------------------------
---------------------------------------------------------------------
40 degrees
AORN-02 200N to west 38 - 39 1.00 5.21
70 - 71 1.00 2.64
104 - 105 0.90 42.53


FOR-13 200N 45 degrees 11 - 12 0.93 1.97
to west 50 - 51 1.05 1.04
90 - 92 2.50 1.85
111 - 113 1.28 1.54
123 - 125 2.42 51.60
or 111 - 125 13.90 9.27


AORN-03 200N 60 degrees 49 - 54 5.00 3.52
to west 79 - 80 1.00 4.59
156 - 157 0.83 15.75
170 - 171 1.23 4.32


AORN-04 200N 55 degrees 104 - 105 1.00 1.91
to west 113 - 114 1.00 1.28
133 - 134 0.57 1.61
195 - 196 0.91 1.12
209 - 210 1.00 1.52
219 - 220 1.00 1.28

60 degrees
FOR-21 200N to west 152 - 153 0.87 8.84
240 - 241 0.77 12.73
272 - 273 0.24 3.00
---------------------------------------------------------------------
---------------------------------------------------------------------
60 degrees
FOR-23 100N to west 36 - 39 2.91 4.43

55 degrees
FOR-19 100N to west 24 - 27 2.54 3.00
31 - 34 2.25 1.80
71 - 73 1.94 3.43

60 degrees
AORN-05 100N to west 124 - 125 1.00 1.32
133 - 137 5.00 1.45
146 - 147 1.00 3.60
158 - 159 1.00 2.27

60 degrees
AORN-06 100N to west 131 - 132 1.00 3.36
158 - 159 1.00 2.30
197 - 198 1.00 3.56
206 - 208 2.00 1.16
---------------------------------------------------------------------
---------------------------------------------------------------------



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Amerix Precious Metals Corporation
    John Andrews
    President
    (706) 467-9427
    john.andrews@amerixcorp.com
    or
    Amerix Precious Metals Corporation
    Michael Minnes
    Corporate Communications
    (416) 527-0479
    michael.minnes@amerixcorp.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.