eResearch

eResearch

August 22, 2007 15:18 ET

eResearch Issues Initiating Report on Amerix Precious Metals Corporation with Speculative Buy Rating and 12-Month Target Price of $0.45

TORONTO, ONTARIO--(Marketwire - Aug. 22, 2007) - eResearch analysts, Stephen Mussart, B.A. (Economics), MBA and Bob Weir, B.Sc., B.Comm., CFA, have written an Initiating Report on Amerix Precious Metals Corporation (TSX VENTURE:APM). Amerix is a Toronto-based exploration company with two principal properties located in the Tapajos Gold District of Para State, Brazil: Vila Porto Rico and Limao.

In the report, the Analysts state, "The shares have been range-bound between $0.20 and $0.40 since the beginning of October 2006. Amerix has thin capitalization and, until it achieves some successful drilling results, this early-stage exploration company is likely to suffer from a lack of investor awareness. With an aggressive capex program for the next two years, this scenario could change quickly."

Highlights from the report are as follows:

- The Tapajos Gold District in Brazil has significant known gold resources but is relatively under-explored.

- June 2006 NI 43-101 report at Ouro Roxo on the Vila Porto Rico property shows an inferred resource of 1,336,000 tonnes at 5.8 g/t.

- Ouro Roxo was first explored by Rio Tinto from 1993-1997.

- Brazil has large gold resources and a mining-friendly jurisdiction.

- Private placement of $3.8 million in July 2007 provides ample funds to conduct the 2007 exploration campaign.

- Thin management depth, small market capitalization, and a lack of investor awareness are key challenges.

This Press Release was prepared by eResearch and was not vetted by Amerix Precious Metals Corporation. Further, the Recommendation and Target Price contained in this report are strictly those of eResearch and, due to securities laws, are not endorsed by Amerix Precious Metals Corporation.

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small-and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Amerix Precious Metals Corporation paid eResearch a fee of C$18,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

Website: www.eresearch.ca (to subscribe/download the report).

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