Amerix Precious Metals Corporation
TSX VENTURE : APM
FRANKFURT : NJG

Amerix Precious Metals Corporation

April 16, 2007 10:30 ET

Amerix Reports on Carumbe Gold Project, Brazil

ACR 34 returns 2.8 m @ 40.3 g/t Au

TORONTO, ONTARIO--(CCNMatthews - April 16, 2007) - Amerix Precious Metals Corporation ("Amerix")(TSX VENTURE:APM)(FRANKFURT:NJG) today reported preliminary results from the Carumbe Gold Project, located within the Vila Porto Rico Exploration License in the Tapajos Gold Province in Brazil. The Carumbe project is located 15 km north-northwest of the Company's flagship Ouro Roxo project. During 2006, the Company completed 6 angle core holes totalling 1146.69 metres at Carumbe. The drilling tested historic and active gold mining activities located along fault splays off the regional scale Ouro Roxo-Cantagalo fault zone. The 2006 drilling program was completed adjacent to the Carumbe open pit, using three drill pads, located 100 metres apart. Each drill pad was used for two drill holes, which were drilled at -50 degrees and -70 degrees from the horizontal, along a northwesterly orientation. Two holes have been sampled and assayed. Four holes will be re-examined and additional sampling will be completed. The following contains a summary of the assay results from the program (see attached map):



------------------------------------------------------------------------
Drill Hole Inclination N-S Depth: Intercept -
(ACR) Section From - To (m) Au g/t
------------------------------------------------------------------------
33 -50 5020N 114.0 - 115.0 1.0 m @ 6.1 g/t
------------------------------------------------------------------------
34 -70 5020N 212.18 - 214.50 2.8 m @ 40.3 g/t
------------------------------------------------------------------------
35 -50 5115N Assays Pending
------------------------------------------------------------------------
36 -70 5115N Assays Pending
------------------------------------------------------------------------
37 -50 4960N Assays Pending
------------------------------------------------------------------------
38 -70 4960N Assays Pending
------------------------------------------------------------------------


Gold mineralization at the Carumbe project occurs within and adjacent to vertical fault zones. The project area contains historic open pit gold mines and one vertical shaft for underground mining. Initial grab samples from the Carumbe mine contained gold values of 57 g/t, 21 g/t, 5.3 g/t and 1.9 g/t Au. Gold occurs in pyrite-chalcopyrite-quartz veins, fractures and sulfidic breccia zones, within the fault zones that cut gneissic metasedimentary rocks.

Results and Future Exploration

Initial assay results contain high-grade gold values (up to 135 g/t Au) in drill holes ACR 33 and ACR 34, which were drilled from the same drill pad at different inclinations in section 5020N; these are located adjacent to the Carumbe open pit. Drill hole ACR 33 intersected 1.0 m @ 6.1 g/t from metres 114.0 to 115.0; drill hole ACR 34 intersected a weighted average 2.8 m @ 40.3 g/t from metres 212.18 to 214.50, and includes the following assays:



-------------------------------------------------------
ACR 34 Interval
From: To: Width (m) Assay g/t Au
-------------------------------------------------------
212.18 213.48 1.30 4.5 g/t
-------------------------------------------------------
213.48 214.00 0.52 0.1 g/t
-------------------------------------------------------
214.00 214.50 0.50 90.5 g/t
-------------------------------------------------------
214.50 215.00 0.50 135.2 g/t
-------------------------------------------------------


Drill results will be integrated with ongoing surface mapping and geochemical data; more comprehensive assaying is in progress. Follow-up drilling will be completed, based on the results of this work.

QA/QC:

Sample intervals were calculated using a minimum one metre sample width, and a one gram per tonne low-grade cut-off. One interval of internal or adjacent dilution was allowed, below cut-off values. Drill core chemical analyses were performed by SGS Lakefield/Geosol of Belo Horizonte, Brazil, an ISO/IEC 17025 and ISO 9002 certified assayer. Intervals are not corrected for true width, and assays are reported with no high-grade cut-off.

Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario company exploring for precious metals in Brazil. Vila Porto Rico is the Company's main project covering over 50,000 hectares and included four separate projects, including Carumbe. Vila Porto Rico has multi-million ounce gold potential, as it contains historic and active gold mines that have produced over 2 million ounces from placer and bedrock mining operations. Amerix's objective is to create value for shareholders through expansion of bedrock gold resources, and development of placer and tailings gold resources. Brazil has enormous gold potential and is a proven mining-friendly country. Amerix staff has more than 50 years of combined experience in Brazil, and the Company has been active for more than 10 years. The Corporation's shares trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange under the symbol "NJG."

The technical and scientific information has been reviewed by Amerix's President & CEO, Keith A. Laskowski, a Qualified Person as described in NI 43-101, a geologist with more than 25 years of exploration experience. Some of the statements in this news release contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Amerix Precious Metals Corp. It is uncertain if further exploration will result in discovery of an economic mineral resource on any of the properties. Actual results may differ materially from those currently anticipated in such statements.

ON BEHALF OF THE BOARD OF DIRECTORS

Keith A. Laskowski MSc., President & CEO

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For a map of the Amerix Precious Metal's Corp. Carumbe Target, please click on the link below:

http://www.ccnmatthews.com/docs/apm416.pdf

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

Contact Information

  • Amerix Precious Metals Corporation
    Keith A. Laskowski
    President and CEO
    (720) 272-6224
    Email: keith@amerixcorp.com
    or
    CHF Investor Relations
    Jeanny So
    Broker Relations Specialist
    (416) 868-1079, Ext. 225
    Email: jeanny@chfir.com