Amerix Precious Metals Corporation
TSX VENTURE : APM

Amerix Precious Metals Corporation

November 22, 2006 09:00 ET

Amerix Renews All Exploration Licenses for Vila Porto Rico

TORONTO, ONTARIO--(CCNMatthews - Nov. 22, 2006) - Amerix Precious Metals Corporation (TSX VENTURE:APM) today announced that on November 20th, 2006, the DNPM (Departamento Nacional da Producao Mineral - Brazilian Government Mining Bureau) renewed all four of its exploration licenses for the Vila Porto Rico Property pursuant to DNPM Processes Nos. 852.632/93, 852.726/93, 852.677/93, and 852.678/93. These exploration licenses are valid for three years and were granted to Mineracao Vila Porto Rico which is wholly-owned by Amerix.

Drilling at the Vila Porto Rico Property is proceeding and currently is taking place at Ouro Roxo to test the continuity of mineralization between the Ouro Roxo North and South deposits.

Amerix also announced that for the financial year ended July 31, 2006, the Corporation incurred a loss of $0.03 per share. The audited annual Financial Statements and Management Discussion & Analysis are available for review at www.sedar.com and on the Corporation's website at www.amerixcorp.com.

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". There are approximately 45.3 million shares outstanding and 53.0 million fully diluted.

Additional information regarding Amerix can be found on SEDAR at www.sedar.com or at the Corporation's website at www.amerixcorp.com.

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