Amerix Precious Metals Corporation

Amerix Precious Metals Corporation

April 10, 2006 09:00 ET

Amerix Precious Metals Raises CDN$3 Million In Financing; Drilling to Commence at Vila Porto Rico Property

TORONTO, ONTARIO--(CCNMatthews - April 10, 2006) - Amerix Precious Metals Corporation ("Amerix") (TSX VENTURE:APM)(FWB:NJG) announces that it has completed the previously announced brokered private placement (the "Private Placement") with Coniston Investment Corp. of 6,000,000 units (the "Units") of Amerix at a price of $0.50 per Unit for aggregate gross proceeds of $3,000,000.

Each Unit consists of one common share of Amerix and one-half of one common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share of Amerix at a price of $0.70 at any time prior to the date that is 12 months from the date of the closing of the Private Placement. After the date that is four months and one day following the closing of the Private Placement, Amerix may accelerate the expiry date of the warrants if the market price of the common shares of Amerix exceeds $0.88 for 10 consecutive trading days.

The securities issued in connection with the Private Placement are subject to a "hold period" expiring August 8, 2006.

The Corporation intends to use the proceeds of the Private Placement for exploration work on its Brazilian properties and for general working capital purposes. A portion of the proceeds will fund Amerix's agreement with Kluane International Drilling Inc. to commence drilling on its Vila Porto Rico property in April. The initial drilling will test the Nova Brasilia target.

In other news, Amerix reports that it became listed for trading on the Frankfurt Stock Exchange under the symbol NJG on March 21, 2006.

About Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario Corporation exploring for precious metals in Brazil. Vila Porto Rico and Limao are gold projects in the Tapajos Gold Province in Brazil. The Corporation's shares trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange under the symbol "NJG". Following the placement, there are approximately 43.9 million shares outstanding and 51.2 million fully diluted.

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

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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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