Amerix Precious Metals Corporation
TSX VENTURE : APM

Amerix Precious Metals Corporation

March 22, 2006 08:30 ET

Amerix Precious Metals and Stroud Sign $1.8 Million Deal on Mexico Project

TORONTO, ONTARIO--(CCNMatthews - March 22, 2006) - Amerix Precious Metals Corporation (TSX VENTURE:APM) and Stroud Resources Ltd. (TSX VENTURE:SDR) announced today that Stroud has agreed, subject to financing, to acquire Amerix's 50% ownership interest in the Santo Domingo silver/gold project in Jalisco, Mexico for a consideration of CDN$1.8 million. Amerix will retain a 5% Net Smelter Royalty (NSR) on the property.

"I would characterize this as a win-win situation for both companies," said Amerix President John Andrews. "Amerix can now focus entirely on our 100%-owned Brazilian gold assets, which demands more of our attention as the projects mature, but we still retain a carried interest in Santo Domingo through the NSR. Stroud, meanwhile, acquires a bigger share of the property."

The NSR granted to Amerix would expire following payment to Amerix of $1 million drawn from revenue should the Santo Domingo project achieve production.

About Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario corporation that explores for precious metals in Brazil and Mexico. Vila Porto Rico and Limao, the Brazilian properties, are gold projects in the Tapajos Gold Province in Brazil. Santo Domingo, the Mexican property, is a silver-gold project about 90 km north of Guadalajara. The Corporation's shares trade on the TSX Venture Exchange under the symbol "APM".

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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