Amerix Precious Metals Corporation

Amerix Precious Metals Corporation

June 27, 2005 08:30 ET

Amerix and Stroud Resources Commence Drilling at Santo Domingo; Increase Interests in Mexican Subsidiary

TORONTO, ONTARIO--(CCNMatthews - June 27, 2005) - Amerix Precious Metals Corporation (TSX VENTURE:APM) and Stroud Resources Ltd. (TSX VENTURE:SDR) today announced that drilling has commenced on their jointly owned Santo Domingo silver-gold property in Mexico.

The $1.5 million exploration program operated by Stroud includes a recently completed 2.8-km road enabling drilling along the entire 700-metre strike length of the known mineralization. Initial plans call for a 15-hole program totaling 1,500 meters.

Previously announced drill hole intercepts include 229 grams per tonne (gpt) silver, 0.57 gpt gold across 24.0 m; 123 gpt silver, 0.39 gpt gold over 45.3 m; and 79 gpt silver, 0.20 gpt gold over 24.0 m.

Stroud and Amerix, equal shareholders in the Mexican subsidiary Compania Minera San Diego y La Espanola, S.A. de C.V. (SDLE), have acquired the remaining 8.7% minority interest from Spanish interests. With the acquisition, Stroud and Amerix each hold a 50% direct interest in SDLE, and indirectly in the Santo Domingo silver/gold project.

Amerix and Stroud each paid US$200,000 for a combined total of US$400,000 in cash and each granted to the vendor a 1.0% net smelter return royalty (NSR) on future production. Payments will be required to be made on a quarterly basis, beginning three months after commercial production is achieved, and would be shared equally by Stroud and Amerix up to an aggregate maximum of US$2.45 million.

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 Company's shares trade on the TSX Venture Exchange under the symbol "APM".

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