On May 21, 2026, Amex Exploration Inc., a Montréal-based gold exploration company focused on its flagship Perron Gold Project in the Abitibi greenstone belt in Québec, closed its fully subscribed "best efforts" brokered private placement offering of 11,110,150 common shares at a price of $4.50 per common share, for aggregate gross proceeds of $49,995,675 (the "LIFE Offering"). The LIFE Offering size reflected the full exercise of the agents' option and was completed in reliance on the listed issuer financing exemption under National Instrument 45-106. Concurrently, Amex closed the first tranche of a concurrent private placement, consisting of 1,622,222 common shares issued on a non-brokered basis for $7,299,999 and 394,011 common shares issued on a brokered basis for $1,773,049.50. Aggregate gross proceeds across the LIFE Offering and first tranche of the concurrent private placement totalled approximately $52,547,548.50. National Bank Financial Inc. and MDCP Securities Limited acted as joint bookrunners and co-lead agents, on behalf of a syndicate of agents that also included ATB Capital Markets Corp. and Haywood Securities Inc., pursuant to an agency agreement dated May 21, 2026. The agents received a cash commission of $2,499,783.75. Net proceeds will fund the capital expenditures for the company's bulk sampling program, a portion of phase 1 development at the Perron Gold Project, a feasibility study on phase 2 development, exploration of the company's properties and general corporate purposes. Strategic investor Eldorado Gold Corporation has indicated an interest, pursuant to a January 16, 2024 investor rights agreement, to subscribe for up to US$15 million of common shares (up to 4,864,923 common shares at the offering price) as a subsequent tranche of the brokered portion of the concurrent private placement, subject to TSXV "Control Person" approval by disinterested shareholders at Amex's annual general and special meeting scheduled for June 16, 2026.