Amex Exploration Inc.

Amex Exploration Inc.

May 17, 2010 11:29 ET

Amex Nominates J.H.Coleman on Board

MONTRÉAL, CANADA--(Marketwire - May 17, 2010) - Amex Exploration Inc. ("Amex") (TSX VENTURE:AMX) is very pleased to announce that Mr. James H. Coleman has joined Amex Exploration inc. team as director of the company.

Mr. Coleman, Q.C., is a Partner with Macleod Dixon LLP, one of Canada's leading international law firms. Over the years, Mr. Coleman has been involved in banking, corporate, securities, mining and oil and gas transactions in Canada, the United States, Europe, Central and South America, Africa and Asia. He has also been involved in a number of large divestments and acquisitions, corporate reorganizations and major financings within the energy sector. As a director of a number of public companies, including mining and oil and gas companies, Mr. Coleman has chaired various independent committees of public companies relating to corporate, governance and securities matters. In addition to his work in the legal and business sectors, Mr. Coleman is also a member of the Rocky Mountain Mineral Law Foundation and the Prospectors and Developers Association of Canada. As incoming new director, Mr. Coleman has been allocated 250,000 stock option of at a exercise price of 0.30$ valid a period of 5 years.

Mr Coleman is replacing Mr. Jacques Bourbonnais that has resigned from his position as director of the company in order to be fully involved in a new professional venture that needs his presence overseas. During his stay as director of Amex, Mr. Bourbonnais as been greatly appreciated by its colleagues for his wide experience in the mining technical sector. The board has unanimously express its gratitude for Jacques' dedication for the growth of the company.

Amex President and CEO, Dr. Jacques Trottier, comments: "We are very pleased that Jim has accepted to join our team. I am personally convinced that his vast experience of working and dealing in foreign countries will give Amex knowledgeable experience both on the business and legal sides of working in a Latin country such as Mexico, where the company intends to intensify its exploration efforts in the next coming years. At the same time, I would like to thank personally, and in the name of all board members, the great contribution that Mr. Bourbonnais has given to Amex and its shareholders" .

As recently announced (see PR of February 8th, 2010), Amex has acquired 100% of X-Ores subsidiary ( X-Ore International) that in returns holds 100% of its Mexican subsidiary, 'Minerales X-Ore S.A. de CV', that holds three properties covering more than 40,000 hectares in the prolific Sierra Madre Gold-Silver Belt of Mexico. Amex will soon be starting, along with his new partner, Bowmore Exploration inc. (TSX-V:BOW) (see PR of April 8th 2010) an agressive exploration program that will be announced in the next coming weeks.

Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.

Forward-looking statements:

Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; Actual results and future events could differ materially from those anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Amex Exploration Inc.
    Mr. Jacques Trottier
    President and Chief Executive Officer