AmMex Gold Mining Corporation
FRANKFURT : R5E
OTC Bulletin Board : AMXG

AmMex Gold Mining Corporation

June 27, 2008 21:00 ET

AmMex Gold Not to Proceed With the Cold Creek Gold Project in Idaho

OTTAWA, ONTARIO--(Marketwire - June 27, 2008) - AmMex Gold Mining Corp. (OTCBB:AMXG)(FRANKFURT:R5E)(WKN:AOKE72) announced today that it has decided not to proceed with the acquisition of 100% of the mining rights to the Cold Creek Gold Project, located in Cassia County, Idaho, near the Utah-Nevada border.

Management and the Board of Directors concluded that the Cold Creek property, while being a property of merit, does not fit in the strategic and financial objectives of the Company at this point in time.

About AmMex Gold

AmMex Gold Mining Corp. is a precious metals exploration company which aims to build shareholder value by acquiring a diversified portfolio of precious metals assets in proven, resource-rich areas. There is a focus on properties in politically safe areas of the world with emphasis in North and South America where the Company has a strong presence and expertise. The Company trades on the OTC market under the symbol "AMXG", and on the Frankfurt Exchange under the symbol "R5E". For more information, please visit the Company's website at www.ammexgoldmining.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact Information

  • AmMex Gold Mining Corp,
    Investor Relations
    613-226-7883