Amerix Precious Metals Corporation Announces Closing of Private Placement

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Amerix Precious Metals Corporation (TSX VENTURE:APM)(FRANKFURT:NJGN) ("Amerix" or the "Company") is pleased to announce that it has closed its previously announced fully marketed private placement (the "Offering") led by Canaccord Genuity Corp. (the "Agent"). The Company issued a total of 18,661,500 units (the "Units") at a price of C$0.12 per Unit for gross proceeds of C$2,239,380. Each Unit consists of one common share (a "Common Share") and one half of one common share purchase warrant (a "Warrant"). Each whole warrant entitles the holder to purchase one common share at a price of $0.18 for up to 24 months.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange ("TSXV"). The Common Shares and Warrants comprising the Units will be subject to resale restrictions until March 1, 2013 under applicable securities legislation and TSXV rules.

In connection with the Offering, the Agent was paid a cash commission in an amount equal to 6.5% of the gross proceeds of the Offering and was issued compensation options in an amount equal to 6.5% of the number of Units sold in the Offering, with each such compensation option exercisable to acquire one Unit of the Company until October 30, 2014 at the Offering price. The compensation options and underlying Common Shares and Warrants will be subject to resale restrictions until March 1, 2013 under applicable securities legislation and TSXV rules.

The net proceeds raised under the Offering will be for the advancement of the Company's Limão project and for general working capital purposes.

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

About Amerix

Amerix Precious Metals Corporation is an Ontario company, managed by an experienced team, exploring for precious metals in Brazil. Amerix's objective is to create value for shareholders through the delineation and expansion of bedrock gold resources, and realization of value from placer and tailings gold resources at the Company's properties. Brazil has significant gold potential and is a proven mining-friendly country. The Company's shares trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange under the symbol "NJGN".

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. 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 Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and, among others, the Ontario Securities Commission as well as under the heading "Risk Factors" in the Company's Management Discussion and Analysis.