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eResearch

July 13, 2011 15:54 ET

eResearch Issues Update Report on Amerix Precious Metals Corporation

TORONTO, ONTARIO--(Marketwire - July 13, 2011) - Amerix Precious Metals Corporation (TSX VENTURE:APM) is a mineral exploration and development company focused on gold projects in the Tapajós Region in Brazil.

The Company is currently carrying out an exploration program on its Limão gold property, where a high-grade gold deposit has been established at a past-producing open pit. The Company has sold its interest in the Ouro Roxo project to a Brazil consortium, but retains a 2.5% NSR on gold production from the project, with production expected to commence in Q3/2012.

Armed with $4 million in cash, Amerix is well-funded to become more aggressive in its exploration program on its Limão gold property in Brazil. Multi priority drill targets should be identified over the next few months, with drilling started before the end of 2011 and conducted throughout 2012. That should allow for a NI 43-101 resource estimate in 2013-2014.

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

eResearch is a primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential for reaching millions of global investors through our extensive electronic distribution network.

Amerix Precious Metals Corporation paid eResearch a fee to conduct research on the Company, on an Annual Continuous Coverage basis.

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