Amerix Precious Metals Corporation
TSX VENTURE : APM

Amerix Precious Metals Corporation

July 05, 2005 09:00 ET

Amerix Precious Metals Appoints Behre Dolbear to Complete NI 43-101 Report on Vila Porto Rico Property

TORONTO, ONTARIO--(CCNMatthews - July 5, 2005) - Amerix Precious Metals Corporation (TSX VENTURE:APM) has appointed Behre Dolbear & Company (USA), Inc. to complete a report on the Vila Porto Rico (VPR) property in Para State, Brazil and to present its independent findings in a document that complies with the requirements of Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects.

In October 1997, Behre Dolbear's Canadian subsidiary developed and presented its "REPORT ON THE VILA PORTO RICO PROJECT OF NEW BULLET GROUP, INC." The property was at that time controlled by New Bullet Group, the predecessor to APM. The Report provided Behre Dolbear's independent opinions regarding geological matters, exploration programs, sampling and analysis work and New Bullet Group's various studies to define ore reserves and resources that might be associated with the property.

Commenting on the current Behre Dolbear appointment John Andrews, President & CEO of Amerix, said: "We are pleased that we have been able to secure the services of Behre Dolbear to update their prior work on the VPR property and expect the updated report to be available in August."

Diamond drilling on the VPR property with its potential for a large, high-grade gold resource continues and it is expected that the initial 5,000-meter program will be completed in July.

As a part of the ongoing evaluation of the oxide resources and the existing tailings impoundment, the Corporation has ordered the commissioning of two Ward-Bunka drills. It is expected that these two machines will arrive at Vila Porto Rico toward the end of July and commence a 50-hole systematic grid on the tailings in the area of Ouro Roxo North during August.

About Amerix Precious Metals Corporation

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

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