Amerix Precious Metals Corporation
TSX VENTURE : APM

Amerix Precious Metals Corporation

January 30, 2006 09:56 ET

Amerix Precious Metals Closes Financing

TORONTO, ONTARIO--(CCNMatthews - Jan. 30, 2006) - Amerix Precious Metals Corporation (the "Corporation") (TSX VENTURE:APM) is pleased to announce that it has completed the previously announced non-brokered private placement (the "Private Placement") of 1,550,000 units (the "Units") of the Corporation at a price of $0.35 per Unit for aggregate gross proceeds of $542,500. Each Unit consists of one common share of the Corporation and one-half of one common share purchase warrant, with each whole warrant entitling the holder thereof to purchase one additional common share of the Corporation at a price of $0.40 until October 26, 2006. The securities issued by the Corporation in connection with the Private Placement are subject to a "hold period" which expires on May 28, 2006.

The Corporation intends to use the proceeds of the Private Placement for exploration work on its Brazilian and Mexican properties and for general working capital purposes.

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 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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The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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