Amex Reports Copper-Rich VMS Intercepts With Values Of Up To 2.86% CuEq Over 6.40 M Including 4.81% CuEq Over 1.60 M From QF Zone |

Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce assay results from new follow-up drillholes on the copper rich volcanogenic massive sulphide ('VMS') QF Zone. The QF Zone occurs along the Normétal Mine Horizon which is a kilometric tuffaceous unit that hosts the nearby past-producing Normétal Mine as shown in Figure 1. See Figures 2 & 3 for a plan map and longitudinal section of the drill intercepts and Figure 4 for photos of the polymetallic sulfide mineralization.

The QF Zone grades and widths compares favourably to the neighbouring Normetal Mine which produced approximately 10.1 million tonnes grading 2.24% Cu, 5.41% Zn, 0.53 g/t Au, and 44.45 g/t Ag 1937 to 1975, with development down to a depth of approximately 2.40 km (SIGEOM - Mine Normétal).

Jacques Trottier, PhD, Executive Chairman of Amex Exploration, commented, "Today's results illustrate that the copper rich core of QF zone is becoming more robust at the 600 m level and shows a very good eastern lateral extension with copper values of about 2% over a thickness of approximately 4 to 5 meters. The apparent gap of intercepts and borehole geophysical anomalies between the surface and the 600 m level may simply be due to the absence of drilling in this area. Additionally, the QF VMS discovery is still open in all directions and additional work including more borehole geophysics and drilling will be needed to fully evaluate the real potential of this VMS discovery at Normétal."

Table 1: Assay results from the QF Zone at Perron

Formula CuEq (%) = Cu(%) + [ ( Zn(%) * Zn price (lb)/Cu price (lb) ] + [ ( Ag(ppm) * (Ag price (lb)/Cu price (lb)/10000 ] + [ ( Au(ppm) *( Au price (lb)/Cu price (lb))/10000) ] Assuming 100% Recovery of all metals 2022-06-17 metal price (US $): $4.02/lb Cu, $1.59/lb Zn, $1,837/oz Au, $21.6/oz Ag

Figure 1. Geological map of the Normétal Volcanic Complex, with the location of the Perron Property and the new VMS discovery (named the QF Zone). Modified from Lafrance et al., 2000. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2667/128293_2ab76e51742beae6_002full.jpg

Figure 2. Geological compilation map of the target VMS area of the Perron property located within the Normétal Mine Sequence containing the QF Zone. Geology is modified from Sigéom. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2667/128293_2ab76e51742beae6_003full.jpg

Figure 3. Long section of QF Zone with today's released hole locations in green labels. Previously announced (September 21, 2021) results labelled in black. Assay results are presented in core length (m). True width is approximately 50-70% of reported intercepts. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2667/128293_2ab76e51742beae6_004full.jpg Figure 4. Highlight photos of the massive to disseminated ulphide Cu-rich lens intersected in drillholes PEX-21-083W1 and PEX-22-108. Abbreviations: Cp - Chalcopyrite, Po - Pyrrhotite, Py - Pyrite, MS - Massive Sulphides, To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2667/128293_2ab76e51742beae6_005full.jpg

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank, one standard and one duplicate every 10 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Additionally, sample weight is taken prior shipment to validate sample identity. Gold values are estimated by fire assay with finish by atomic absorption. Zinc, Copper and Silver values are estimated by four acid digestion multi elements Inductively Coupled Plasma - Atomic Emission Spectroscopy (ICP-AES), ME-ICP61. Zinc values over 1%, copper values over 1% and silver values over 100 g/t are estimated by four acid digestion ICP-AES, OG62. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:

Victor Cantore President and Chief Executive Officer Amex Exploration: +1-514-866-8209

Neither the 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.

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

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Amex Exploration Inc. (TSXV:AMX,FRA:MX0,OTCQX:AMXEF) is a junior resource company focused on building ounce and making high-grade gold discoveries at its 100%-owned Perron Gold property located in Canada’s premier mining jurisdictions such as Quebec and Ontario. The Perron property is located in the heart of Canada’s gold production in Quebec’s Abitibi Greenstone Belt. In addition to Perron, Amex’s portfolio includes three other properties focused on gold and base metals in the Abitibi region.

As the second-largest gold producer in Canada, Quebec consistently ranks as one of the most attractive mining jurisdictions in the world due in large part to its mining-friendly policies, ease in obtaining permits, high-quality infrastructure and extensive mineral wealth. The excellent mining infrastructure in Quebec and the Abitibi region where Amex operates helps to keep drilling costs low. The province is home to the country’s largest gold mine, the Canadian Malartic, which is one of more than 100 mines forged within the Abitibi. The belt is recognized as one of the world’s largest and most productive mineral repositories, having produced more than 180 million ounces of gold.

At Perron, Amex Exploration discovered three high-grade gold zones in 2019, now known as the Eastern Gold zone, the Gratien Gold zone, and the Grey Cat zone. The discoveries in these zones were significant in grade, with the Eastern gold zone giving up notable assays of 56.75 g/t gold over 8.5 meters, 29.44 g/t gold over 8.50 meters, 269.33 g/t gold over 1.35 meters and 393 g/t gold over 1.7 meters. These three active exploration zones remain open at depth and along strike allowing for plenty of exploration upside and opportunities to build ounces in known gold zones.

Amex Exploration is in the middle of a fully-funded 100,000-meter drill program with approximately 40,000 meters of drilling completed in 2019 and another 60,000 meters planned for 2020. While the main focus will be on defining and expanding the three main zones of known mineralization, 20,000 meters of planned drilling will be aimed at numerous regional targets that share similar geological features to the known gold zones. The current exploration program aims to provide the basis for a maiden NI 43-101 resource estimate on the project. Amex’s end goal for Perron is to build up ounces quickly in order to become a potential acquisition target.

At the helm of Amex Exploration is a team of proven mine finders and capital market professionals. Executive Chairman of the Board Dr. Jacques Trottier has more than 30 years of experience in mining exploration including time as CEO of Sulliden Exploration where he grew the Shahuindo mines in Peru into a 3 million ounce gold asset. Sulliden merged with Rio Alto, transforming Rio Alto into a mid-tier producer which later merged with Tahoe Resources. President and CEO Victor Cantore has more than 20 years of advisory and leadership experience as an investment advisor with management roles at both public and private companies. During his career, Cantore has organized and structured numerous equity and debt financings, mergers and acquisitions, joint venture partnerships and strategic alliances. Victor was instrumental in securing recent financings that enable Amex recent drilling success. Vice President Exploration Kelly Malcolm is a professional geologist with extensive precious metals exploration experience. He was recently involved in the discovery and delineation of Detour Gold’s high-grade 58N gold deposit.

The Perron gold property is located approximately 110 kilometers north of the town of Rouyn-Noranda in the Abitibi region of northwestern Quebec. The 4,517-hectare property is fully road accessible all year round and is fully serviced by power and water.

Perron hosts 15 kilometers of faults to explore including the Perron and the Normetal fault. The regional northwest-southeast trending Normetal fault delineates a major structural corridor associated with massive sulfide deposits. This fault has given rise to notable ore bodies such as the nearby past-producing Normetal copper–zinc-gold-silver mine and the Normetmar zinc deposit as well as a few gold-bearing vein showings.

Perron was originally explored for base metals in the mid-1990s. Since acquiring the property in 1996, Amex has conducted a series of successful exploration programs aimed at the Beaupre Block, a highly prospective wedge that is known to host gold at the Perron property. Over the years this exploration work has led to several gold and base metal discoveries, including three high-grade gold zones: Eastern Gold, Gratien Gold and Grey Cat. The underexplored property also hosts several compelling regional drill targets.

The Beaupre Block hosts a 3.2-kilometer-long corridor of known gold mineralization from the Eastern Gold zone to the Gratien Gold zone.

Amex Exploration (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) has made multiple high grade gold discoveries in the prolific mining region of the Abitibi Greenstone Belt in Quebec. Amex, is pleased to announce that it will be participating in THE Mining Investment Event of the North, which will be held IN PERSON and will take place on June 19-21, 2022, at the Fairmont Chateau Frontenac and Voltigeurs de Quebec Armoury in Quebec City, Canada.

Kelly Malcolm will be presenting at 9:00 AM ET on June 20th. Management from Amex Exploration will also be holding one-on-one investor meetings throughout the three-day conference. Interested parties should contact Nancy Larned at nlarned@vidconferences.com to inquire about registering to attend.

THE Event, Canada's First Tier I Mining Investment event is committed to bringing a global audience to Québec to showcase the best of Canadian mining. THE Event will feature a mix of exploration, development, royalty companies and producers representing all commodities. CEOs will be asked to present in a unique "THE Talk" format, be part of a panel, or be interviewed. THE Event will also feature keynotes and panels with well-known industry thought leaders.

Information regarding THE Event including investor registration details, a list of participating companies, panelists and keynote speakers and a preliminary agenda can be found at https://vidconferences.com/conferences-events/in-person/canadas-first-tier-1-mining-conference/

Image 1 To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/7456/128046_4d3ba8ffa444e814_001full.jpg

Amex Exploration has made significant gold discoveries on its 100% owned high-grade Perron Gold Project located in the mining friendly jurisdiction of Quebec. The project is well-serviced by existing infrastructure, being located about an hour north of Rouyn-Noranda (~110 km), on a year-round road, 10 minutes from an airport and just outside the town of Normetal (~8 km). In addition, the project is in close proximity to a number of major gold producers' milling operations. Since January 2019, Amex has intersected significant gold and VMS mineralization in multiple zones.

THE Event Series Conferences creates and develops unique, invitation only, premier investment conferences focused on providing participants and investors the best in investor conference experiences. THE Event Series Conferences planned for 2022 and beyond will be focused on other industry sectors and will be announced soon. To find out more about THE Event Conferences, please visit our website at https://vidconferences.com/

Victor Cantore President & CEO +1 514-866-8209 victor.cantore@amexexploration.com

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Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce assay results from a number of drill holes focused on expansion drilling of the High Grade Zone ("HGZ"), part of the Eastern Gold Zone ("EGZ"), of the Perron Project as shown in Figure 1. Today's drill results demonstrate that the HGZ is expanding along strike, outside of the main high grade central ore shoot.

As part of its resource definition program, Amex has been focused on expansion of known zones of mineralization through much of the 2022 drilling program. This drilling targeted the margins of the known gold mineralization as shown in Figures 2 & 3, outside of the main "core" of the HGZ that regularly delivers multi-ounce assay results. These results from the HGZ expansion are definitively adding significant tonnage and potential ounces to the overall ore zone. Of particular interest are the results from holes PE-22-511W2 & PE-22-511W3, which returned very high assay values (see Figure 4 for images of visible gold mineralization) in an area that low grade mineralization was expected. This is highly encouraging for exploration as it shows that high grade lenses exist outside of the main mineralized zone.

Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "The expansion drilling program on the HGZ is going very well. I was very excited seeing the strongly mineralized core especially in the two highlight holes. In addition to the high grade holes, the lower grade mineralization that we have been intercepting on the fringes of the system is adding significant strike and tonnage to the system which should enhance the future resource on the HGZ."

Figure 1: Plan view of the geology of the Eastern Gold Zone comprised of the High Grade Zone and the Denise Zone as well as the newly discovered E2 Gold Zone. To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/2667/127908_99f4d71614b5baa0_002full.jpg

Figure 2: Longitudinal section of the High Grade Zone, with today's released hole locations in green labels. Assay results are presented in core length (m). True width is approximately 45-70% of reported intercepts. Metal factor is defined as gold grade in grams per ton multiplied by core length in metres. To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/2667/127908_99f4d71614b5baa0_003full.jpg

Figure 3: Zoomed in longitudinal section of Western HGZ, with today's released hole locations and grades labelled in green. Assay results are presented in core length (m). True width is approximately 45-70% of reported intercepts. Metal factor is defined as gold grade in grams per ton multiplied by core length in metres. To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/2667/127908_99f4d71614b5baa0_004full.jpg

Figure 4: Highlight photos of visible gold and associated sphalerite and pyrite within quartz veins of the High Grade Zone from holes PE-22-511W2 and PE-22-511W3. To view an enhanced version of Figure 4, please visit: https://orders.newsfilecorp.com/files/2667/127908_99f4d71614b5baa0_005full.jpg

Table 1: Assay results from the High Grade Zone

In addition, the Company wishes to make a correction to the press release issued February 17, 2022, which stated that the quantity of shares issued in connection with the financing was 10,295,500. The correct quantity of shares issued was 10,292,500.

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

For further information please contact:

Victor Cantore President and Chief Executive Officer Amex Exploration: +1-514-866-8209

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Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") announces that shareholders have approved of all resolutions brought before them at the Annual General Meeting of Shareholders ("AGM") held on May 10, 2022. A total of 24,177,225 shares were represented in person or by proxy at the meeting, representing approximately 23.72% of the Corporation's outstanding shares.

The following Board members stood for re-election and were duly re-elected: Victor Cantore, Pierre Carrier, Bryan Coates, Yvon Gélinas, Anik Gendron, Luisa Moreno, André Shareck, and Jacques Trottier. These directors will hold office until the next annual meeting or until their successors are elected or appointed or a director vacates office in accordance with the by-laws of the Corporation.

Raymond Chabot Grant Thornton (RCGT) was reappointed as the external auditor of TGSC and will hold office until the next annual meeting at such remuneration as may be determined by the directors with 99% of the votes cast supporting the appointment of the auditor. Shareholders also voted 98% in favor, to approve Amex's rolling up to 10% stock option plan, through which the total number of common shares reserved for issuance as incentive stock options shall not exceed 10% of the total issued and outstanding common shares. The plan remains subject to the approval of the TSX Venture Exchange.

Also during the AGM, the Company provided a review of operations during the year 2021 and to date. Depending on the season, Amex has up to 10 drills turning and is drilling approximately 10,000 metres a month, making this campaign one of the largest and most aggressive exploration programs in Canada.

The carefully planned 2021 exploration program led to important new discoveries:

In addition, Amex further defined and expanded the Denise Zone and identified exceptional high-grade gold continuity in the High-Grade Gold Zone (HGZ). To date, Amex has hit very high-grade and often visible gold in multiple zones across the project over a 3.5 km corridor of gold mineralization.

Much of the winter drilling campaign focused on the Denise zone and the newly discovered E2 zone, taking advantage of better access due to the cold weather. The Denise target is a very important zone that is kilometric in scale. Numerous additional holes are pending and planned, to better define this area along strike and to depth.

The E2 zone is also a very important target for Amex, as it is an underground-type ore shoot that lies only ~250 metres from the HGZ zone and is proving to be sub-parallel. Of course, the HGZ continues to be an important zone and is a very rich underground target.

In terms of financing, over 60M$ was raised since 2021 and since the discovery of the HGZ at the end of 2018, Amex has drilled approximately 280,000 meters, in 788 drill holes, and another 60-70,000 meters of drilling is expected to be completed before the end of the year.

With all of this activity, the Company wishes to highlight its commitment to moving forward using environmental, social and economic best practices. Earlier this year, Amex began the process to obtain the ECOLOGO® Certification for Mineral Exploration Companies. Amex expects to complete certification before the end of the year. ECOLOGO® features third-party certification of environmental, social and economic practices.

Finally, the Company adopted a Code of Conduct and Business Ethics and is addressing diversity, women now make up to 25% of our Board and visible minorities, make up 12.5%. To support our efforts, the Board has created an ESG Committee to ensure strong, value creating, governance practices in place.

Following the AGM, the Corporation is announcing that as of today, Mr. Bryan Coates, an independent director, has resigned from the Board of Directors for personal reasons. Amex Exploration thanks Mr. Coates for his contribution to the Board over the past 2 years.

Qualified Person Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact: Victor Cantore President and Chief Executive Officer Amex Exploration: +1-514-866-8209

Forward-looking statements This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

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Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce a total of 9 drill holes focused on near surface and on-strike expansion as well as definition drilling of the Denise Zone ("Denise"), part of the Eastern Gold Zone ("EGZ"), of the Perron Project. In addition, the Company is also pleased to report 11 drills holes from the newly discovered E2 Gold Zone ("E2"). See Figure 1 for a plan view of the geology of the EGZ. In addition, Amex would like to remind shareholders of its Annual General Meeting and corporate update which is scheduled for Tuesday, May 10, 2022 at 10:00 AM Eastern time and will be made available via webcast in consideration of current Covid 19 Government guidelines.

Today's drill results demonstrate that tenure and grade of the eastern area of Denise is starting to replicate the western Denise Zone which has been well defined with diamond drilling. These results indicate the potential for higher grade shoots forming within the eastern Denise, similar to what has been defined in the western Denise. A complete list of results is available in Table 1 and presented in Figure 2.

The E2 Gold Zone has now been expanded down to a vertical depth of 370 m and along strike for 325 m. A complete list of results is available in Table 2 and presented in Figure 3.

Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "Hole PE-22-510 recorded one of the best intersections that we have reported to date in the Denise Zone. We are now seeing very high grade individual samples within the broader panel of mineralized rhyolite that comprises Denise. We are continuing to drill and define this important target as we believe it has the potential to add significant ounces at Perron. In addition, we are beginning to understand the geometry and plunge of the E2 Gold Zone, which roughly parallels the High Grade Zone. The proximity of the E2 and HGZ, approximately 250 metres apart, should be very positive in a potential underground mining scenario as the ounce-per-vertical-metre count would increase significantly."

Trottier continued, "Amex management is very excited about these results and very much looks forward to the continuation of the current drilling phase and the start of the summer fieldwork season which will begin in the coming days. In addition to the ongoing drilling campaign, fieldwork this summer will consist of detailed geological mapping and stripping of exposed surfaces (i.e. outcrops) on a regional scale covering various areas of the property, as well as regional studies of rock geochemistry and bio-geochemistry."

Figure 1: Plan view of the geology of the Eastern Gold Zone comprised of the High Grade Zone and the Denise Zone as well as the newly discovered E2 Gold Zone

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/2667/123163_cd3ffc42249ad975_002full.jpg

Figure 2: Longitudinal section of the Denise Zone, with today's released hole locations in green and/or labelled on the longitudinal. Assay results are presented in core length (m). True width is approximately 70-80% of reported intercepts. Metal factor is defined as gold grade multiplied by core length.

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/2667/123163_cd3ffc42249ad975_003full.jpg

Figure 3: Longitudinal section of the E2 Gold Zone, with today's released hole locations in green and/or labelled on the longitudinal. Assay results are presented in core length (m). True width is approximately 70-80% of reported intercepts. Metal factor is defined as gold grade multiplied by core length.

To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/2667/123163_cd3ffc42249ad975_004full.jpg

Table 1: Assay results from Eastern Denise Zone

Table 2: Assay Results from E2 Gold Zone

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

For further information please contact: Victor Cantore President and Chief Executive Officer Amex Exploration: +1-514-866-8209

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Highlights from the Denise Zone include:

Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce a total of 27 drill holes focused on near surface and on-strike expansion as well as definition drilling of the Denise Zone ("Denise"), part of the Eastern Gold Zone ("EGZ"), of the Perron Project. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones.

Today's drill results demonstrate that Denise can now be traced over ~950 m from the Western mafic intrusion to the most Eastern intercept to date in the Denise structure. The Company intends to continue to drill to the East to further expand the Denise Zone along strike. In addition, Amex will continue definition drilling on Western Denise particularly at the depth where there appears to be a higher grade trend developing. A complete list of results is available in Table 1 and presented in Figure 2.

Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "I am very encouraged by the results from the Eastern Denise Zone as they clearly show the structure continues near surface and along strike as we predicted and is now a confirmed kilometric sized system. We have numerous additional holes pending and planned to better define this area along strike and to depth. In addition, our infill drilling on Western Denise has begun indicating multiple higher grade ore shoots within the larger Denise mineralized envelope. We have also defined the Western Denise down to 750 metres. The Denise Zone is wide open along strike and to depth and has the potential to be a very sizeable structure and potential open pit target."

Trottier continued, "One of the best features of our Perron project is that we have both bulk tonnage style and exceptionally high-grade vein-hosted gold zones on the Project. This provides us with optionality from a mining perspective. The close proximity of the Denise Zone to the High Grade Zone makes it a very important target for Amex. We look forward to the receipt of additional results as we work towards building out the property-wide resource."

Figure 1: Plan view of the geology of the Eastern Gold Zone comprised of the High Grade Zone and the Denise Zone

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/2667/119996_25d24f4b04174ae6_002full.jpg

Figure 2: Longitudinal section of the Denise Zone, with today's released hole locations in green and/or labelled on the longitudinal. Note that drillholes 163-15-021 and 163-15-018 on the easternmost portion of this longitudinal were drilled by a previous operator and have not been fully sampled. The Company intends to evaluate the core to determine if additional sampling of these holes is necessary. Assay results are presented in core length (m). True width is approximately 70-80% of reported intercepts. Metal factor is defined as gold grade multiplied by core length.

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/2667/119996_25d24f4b04174ae6_003full.jpg

Table 1: Assay results from Denise Zone

For further information please contact: Victor Cantore President and Chief Executive Officer Amex Exploration: +1-514-866-8209

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119996

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Challenger Exploration (ASX: CEL) (“CEL” the “Company”) is pleased to announce results from recent drilling targeting extensions to the mineralisation at the Company's flagship Hualilan Gold Project, in San Juan Argentina. The results include the first drill holes that were not included in the Company’s recent maiden 2.1 million ounce AuEq1 Mineral Resource Estimate (MRE) which includes a high-grade core of 1.1 Moz at 5.6 g/t AuEq1 .

Commenting on the first drilling results after the resource, CEL Managing Director, Mr Kris Knauer, said

“We indicated when we released our Maiden Resource Estimate at Hualilan it was very much an interim and we expect it to increase significantly. It was based on 126,000 metres of our 204,000 metre drill program and 2.2 of the 3.5 kilometres of strike, over which the high-grade mineralisation has been intersected. These first results following the Mineral Resource Estimate confirm this.

All the more exciting, is that if assays confirm what we have logged in several recent holes, we have some significant new zones to follow up in addition to the areas we are currently targeting. It now firmly appears that mineralisation at Hualilan will remain open at the end of the current 204,000 metre program."

The MRE was based on 125,700 metres of the Company's 204,000 metre diamond core drill program. The current holes that were not included in the MRE comprise an additional 13,800 metres of drilling. As of this morning the Company has completed 197,000 of the 204,000 metres with results for the next 64,500 metres in the 204,000 metre program expected progressively over the next 4 months.

The results continue to exceed the Company's expectations and confirms that mineralisation remains open in all directions, the majority of the new mineralisation is high-grade, and there is clear potential for the MRE to grow significantly via extension and infill drilling. Several recently completed holes (assays pending) have opened new high-grade targets for extension drilling and the Company believes that Hualilan will remain open in all directions at the completion of the current 204,000 metres.

In addition to the strong results from drilling designed to extend the mineralisation outside the interim MRE boundary several infill holes, often between holes with minimal grade, have returned significant high grade results which is enormously encouraging.

SIGNIFICANT INTERSECTIONS RECEIVED AFTER THE MRE CUT-OFF DATE

GNDD-530 - Verde Zone (South of the Magnata Fault)

GNDD-530 was a test for extensions of the Verde style mineralisation, south of the Magnata Fault, at depth. The hole was collared to test 80 metres below GNDD-500 which intersected 67.6 metres at 0.3 g/t AuEq from 81.5m and 40.0 metres at 0.8 g/t AuEq from 267.0m. GNDD-530 intersected three zones of mineralisation - 28.5 metres at 5.3 g/t AuEq (5.0 g/t Au, 23.9 g/t Ag, 0.02 % Pb, 0.03 % Zn) from 357.5m, 23.0 metres at 0.3 g/t AuEq (0.3 g/t Au, 1.2 g/t Ag, 0.01 % Pb, 0.02 % Zn) from 107.0m, and 54.0 metres at 0.4 g/t AuEq (0.3 g/t Au, 2.0 g/t Ag, 0.01 % Pb, 0.06 % Zn) from 159.0m.

All three intersections extended the mineralisation 80 metres down dip of the current MRE boundary with the deepest intersection (28.5m at 5.3 g/t AuEq) demonstrating significantly improved grades at depth which is becoming common in the Verde Style mineralisation at depth. The second intersection (54.0m at 0.4 g/t AuEq) significantly expanded the width of the mineralisation.

Figure 1 shows the MRE block model in section and GNDD-530. On this section the mineralisation below the US$1800 optimised pit shell was not included in the MRE as it has a grade of less than the 1.0 g/t AuEq cut off used for reporting the underground component of the MRE. This area of the MRE is relatively lightly drilled with additional drilling planned along strike and both up and down-dip. The higher grade mineralisation intersected at depth in GNDD-530, and any additional high-grades in infill and extensional drilling, has the potential to significantly deepen the US$1800 optimised pit shell which would provide a material increase to the current MRE.

Figure 1 - Cross Section GNDD-530

Click here for the full ASX Release

This article includes content from Challenger Exploration, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Global central bank gold reserves top 35,500 metric tons (MT), approximately one-fifth of all the gold ever mined. The vast majority of central bank gold holdings were acquired in the last decade, when national banks became net buyers of the yellow metal.

Central banks purchase gold for a number of reasons: to mitigate risk, to hedge against inflation and to promote economic stability. In its most recent annual survey released in June 2022, the World Gold Council (WGC) said that 61 percent of central bankers expect global gold reserves to increase over the next 12 months. Nearly three-quarters of respondents cited the precious metal’s “long-term store of value” as a guiding factor in gold purchases.

Central banks added 463 MT of gold to their vaults in 2021, signaling a significant turnaround in demand after the 255 MT decade low experienced in 2020.

Central bank gold buying expected to increase in 2022.

Central banks are expected to continue as net gold buyers in 2022. Twenty-five percent of WGC 2022 survey respondents indicated plans to grow their gold reserves, up from 21 percent last year. And for the second year in a row, no respondents indicated their institution plans to decrease their gold holdings.

However, the WGC did note that economic and geopolitical uncertainty tied to the COVID-19 pandemic and Russia’s war in Ukraine may be creating a “divide between central bank respondents in advanced economies and those in Emerging Market and Developed Economies.”

Read on to find out the 10 top countries by central bank gold holdings. All reserve tallies were compiled using data from the WGC.

When it comes to the largest gold reserves, the Central Bank of America comes in at number one with 8,133.5 MT. Valued at US$528 billion, a large percentage of US gold is held in “deep storage” in Denver, Fort Knox and West Point.

As the US Treasury explains, deep storage is “that portion of the US Government-owned gold bullion reserve which the Mint secures in sealed vaults that are examined annually by the Treasury Department’s Office of the Inspector General and consists primarily of gold bars.”

The rest of US-owned reserves are held as working stock, which is described as the “gold reserve which the Mint uses as the raw material for minting congressionally authorized coins and consists of bars, blanks, unsold coins and condemned coins.”

The Bundesbank, Germany’s central bank, currently owns 3,358.5 MT of gold, less than half the amount amassed by the US. Like many of the central banks on this list, the German national bank stores more than half of its stock in foreign locations in New York, London and France.

The Bundesbank’s foreign gold reserves came into question in 2012, when the German Federal Court of Auditors, the Bundesrechnungshof, was openly critical of the Bundesbank’s gold auditing.

In response, the German bank issued a public statement defending the security of foreign banks. Privately, the Bundesbank then began the arduous process of repatriating its gold stock back to German soil. By 2016, more than 583 tonnes had been transferred back to Germany.

Nearly half of Germany’s gold holdings are stored in Frankfurt, more than a third in in New York, an eighth of holdings are in London and a miniscule amount are held in in Paris.

Banca d’Italia, the national bank of Italy, began amassing its gold in 1893, when three separate financial institutes merged into one. From there, its 78 MT slowly grew into the 2,451.84 MT the country now owns.

Like Germany, Italy also stores parts of its reserves offshore. In total, 141.2 MT are located in the UK, 149.3 are in Switzerland and 1,061 are kept in the US Federal Reserve.

The Banque de France keeps all 2,436.5 MT of its gold reserves on hand. The precious metal is stored in the bank’s secure underground vault, dubbed La Souterraine; it is located 27 meters below street level.

La Souterraine’s gold vaults are one of the 4 designated gold depositories of the International Monetary Fund.

The Bank of Russia is the official central bank of the Russian Federation and owns 2,301.64 MT of gold. Like France, Russia’s central bank has opted to store all its physical gold domestically.

The Bank of Russia stores two-thirds of its gold reserves in a bank building in Moscow, and the remaining one-third in Saint Petersburg.

The majority of the yellow metal is in the form of large, variable-weight standard gold bars weighing between 10 and 14 kilograms. There are also smaller bars on site weighing as much as 1 kilogram each.

Russia, which is the third largest gold producer by country, has been a steady purchaser of the precious metal since roughly 2007, with sales ramping up significantly between 2015 and early 2020. However, the Russia’s refineries are banned from selling gold bullion into the London market following the country’s invasion of Ukraine. Sanctions by the West also include a freeze on about half of Russia’s gold reserves.

The central bank for mainland China is the People’s Bank of China (PBoC), located in Beijing. The national financial institute stores 1,948.31 MT of gold, most which has been purchased since 2000. In 2001, the PBoC had 400 MT of gold in reserve, but in less than two decades that total has climbed 487 percent.

The PBoC also issues the Panda gold coin, which was first created in 1982. The Panda coin is now one of the top five bullion coins issued by a central bank. It is among the ranks of the American Eagle, Canadian Maple Leaf, South African Krugerrand and Australian Gold Nugget.

Holding the seventh largest central bank gold reserves is the Swiss National Bank. Its 1,040 MT of gold are owned by the state of Switzerland, but the central bank manages and maintains the reserve.

After years of opaqueness regarding the country’s golden treasure trove, the Swiss Gold Initiative, or Save our Swiss Gold campaign, was launched in 2011.

The publicity culminated in a national referendum in 2014, asking citizens to vote on three proposals.

The first was a mandate for all reserve gold to be held physically in Switzerland. The other two dealt with the central bank’s ability to sell its gold reserves, along with a decree that 20 percent of the Swiss bank’s assets be held in gold.

The referendum was unsuccessful, but did prompt the bank to be more transparent. In a 2013 release, the central bank reported that 70 percent of its gold reserve was held domestically, 20 percent was located at the Bank of England and 10 percent was stored with the Bank of Canada.

Public information about the Bank of Japan’s gold reserves is hard to come by. In 2000, the island nation was holding approximately 753 MT of the yellow metal. By 2004, the Bank of Japan’s gold store had grown to 765.2 MT, and remained at that level until March 2021 when the country purchased 80.76 MT of gold.

The Reserve Bank of India (RBI) is another central bank on the list that has added to its holdings in recent years. The RBI began adding to its gold assets in 2017; however, the majority of its purchases have taken place in the past two years.

“While 453.52 tonnes of gold is held overseas in safe custody with the Bank of England and the Bank of International Settlements (BIS),” reported Business Standard, “295.82 tonnes of gold is held domestically.”

Rounding out the top central bank gold reserves by country is the Dutch National Bank (DNB), the central bank of Netherlands.

Like Switzerland, the Dutch central bank stores as much as 38 percent of its gold in Canada’s national reserve. Another 31 percent, in the form of 15,000 gold bars, is held in a domestic vault, while the remaining 31 percent is located in New York’s Federal Reserve bank.

In a report, the Dutch National Bank notes that gold’s aversion to risk and reduced liability makes it the supreme safe haven asset.

“Central banks such as DNB have therefore traditionally had a lot of gold in stock. After all, gold is the ultimate nest egg: the trust anchor for the financial system,” it reads. “If the entire system collapses, the gold supply provides collateral to start over. Gold gives confidence in the strength of the central bank’s balance sheet. That gives a safe feeling.”

The gold reserve held by the International Monetary Fund (IMF) is the third largest in terms of size. The large gold reserve was amassed primarily during the founding of the international organization in 1944.

In that inaugural year it was decided that “25 percent of initial quota subscriptions and subsequent quota increases were to be paid in gold.”

Since 1944, the IMF has also added gold through the repayment of debts owed by member countries. Nations can also exchange gold for another member country’s currency.

This is an updated version of an article first published by the Investing News Network in 2020.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

White Gold CEO David D'Onofriowww.youtube.com

White Gold (TSXV:WGO,OTCQX:WHGOF,FWB:29W) maintains its robust portfolio of gold projects in Yukon. White Gold CEO David D’Onofrio said the company has been significantly successful with a 1.1 million ounce gold resource.

“We've been very successful in our total ounces, pretty significantly," D’Onofrio said. "We're at 1.1 million ounces now. And that's not including a couple of very exciting new discoveries 2 kilometers away from that deposit. For the last two years, we've been looking for new zones of mineralization around our flagship deposit. We (want to get) the best bang for our buck as a junior explorer.”

White Gold made a new high-grade discovery after it intersected 6.94 grams per metric ton (g/t) gold over 19.5 meters and 1.36 g/t gold over 18.5 meters at the Ulli's Ridge target at the Golden Saddle and Arc deposits. The two projects have a combined mineral resource of 1,139,900 ounces.

D’Onofrio added that the company can really ramp up quickly in terms of size and has been very successful in doing that with two new discoveries. “We can get excited going forward considering we have this drone-to-drill methodology. Over the last five years, we're starting to drone the soil with identifying targets. And we've started to perform a diamond drill program on these targets.”

Last year, White Gold had a truly world-class discovery at its Betty property, according to D’Onofrio. The property is contiguous to Newmont’s (TSX:NGT,NYSE:NEM) multimillion-ounce Coffee deposit.

“We're more of a data analysis company that performs exploration," he said. "We're putting them through this protocol designed over the last 20 years. It's proven to be extremely successful. We think what we're seeing in these earlier-stage results is that the prospect for more and more multimillion-ounce hybrid discoveries is very high in our district.”

Watch the full interview of White Gold CEO David D’Onofrio above.

Disclaimer: This interview is sponsored by White Gold (TSXV:WGO,OTCQX:WHGOF,FWB:29W) . This interview provides information that was sourced by the Investing News Network (INN) and approved by White Gold in order to help investors learn more about the company. White Gold is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with White Gold and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

Adrian Day: Recession, Stagflation, Crash? Where We're Going, What it Means for Goldyoutu.be

The US Federal Reserve hiked interest rates by 75 basis points last week in its ongoing fight against inflation, amping up its efforts to tame prices and leaving market watchers wondering what's next.

Speaking just ahead of the central bank's meeting, Adrian Day, president of Adrian Day Asset Management, said usually the Fed starts out hawkish and then backs off. But this time around the opposite is happening.

This is due to various factors, but US President Joe Biden's recent meeting with Fed Chair Jerome Powell is among them — in their discussion, Biden expressed that inflation is the Fed's responsibility.

"If you've just had a meeting with the president where he has told you — and then announced to the world — that inflation is your number one priority and you're responsible, you continue to be hawkish. And I think that's got the market really nervous," Day said at the Prospectors & Developers Association of Canada (PDAC) convention.

Day doesn't think the Fed will be able to bring inflation down to a reasonable level without provoking a recession, and noted that if the market isn't already in one now, it will get there by the end of the year.

A recession combined with high prices results in stagflation, and Day said that looking at stagflationary periods from 1960 to now shows that energy and gold are top performers during these times.

"The number one performing asset has been energy, and the number two performing asset has been gold," he explained on the sidelines of the show. "Gold and gold stocks have done well in every single stagflationary period, so I think gold is really where you want to be positioned if you see stagflation coming."

Watch the interview above for more from Day on gold and the outlook for the US economy. You can also click here for our recap of PDAC, and here for our full PDAC playlist on YouTube.

Don't forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Dr. Georg Josef Pollert (the "Acquiror"), a director of Blue Star Gold Corp. (the "Company") announces that, on June 23, 2022, he has acquired ownership of 3,077,000 common shares in the capital of the Company ("Shares") at a price of $0.65 per Share. The Shares were issued in connection with the closing of a non-brokered private placement carried out by the Company (the "Private Placement").

Prior to the acquisition of Shares under the Private Placement, the Acquiror held 24,284,961 Shares, 200,000 Stock Options and 1,250,000 Share Purchase Warrants and the Acquiror's non-diluted shareholdings represented approximately 45.7% of the Company's issued and outstanding Shares.

As a result of the acquisition of Shares under the Private Placement, the Acquiror now holds 27,361,961 Shares, 200,000 Options and 1,250,000 Warrants. The Acquiror's non-diluted shareholdings now represent approximately 45.5% of the Company's issued and outstanding Shares.

Thus on a partially diluted basis (i.e., assuming full exercise of all Warrants and Options and no other issuances of Shares by the Company), the Acquiror would hold a total of 28,811,961 Shares, representing approximately 46.7% of the Company's issued and outstanding Shares.

To obtain a copy of the early warning report filed by the Acquiror, please contact the Acquiror at 011.49.172.946.1380 or refer to the Company's SEDAR profile at www.sedar.com.

Click here to connect with Blue Star Gold Corp. (TSXV: BAU)(FSE: 5WP0)(OTCQB: BAUFF) to receive an Investor Presentation

B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the "Meeting") held on Wednesday, June 22, 2022 . A total of 812,572,340 common shares were voted at the Meeting, representing 76.59% of the votes attached to all outstanding common shares.

Shareholders voted overwhelmingly in favour of all items of business before the Meeting. The nine director nominees listed in B2Gold's Management Information Circular ("the "Circular") dated May 11, 2022, were elected as directors of B2Gold to hold office for the ensuing year or until their successors are elected or appointed. Detailed results of the vote for each director are set out below:

The resolutions to set the number of directors of the Company at nine and to appoint PricewaterhouseCoopers LLP as auditor of the Company were approved with 99.65% and 99.47%, respectively, of votes cast in favour.

The resolution regarding the Advisory Vote on Company's approach to Executive Compensation was approved with 80.36% of votes cast in favour.

A report on all items of business voted on at the Meeting will be filed on SEDAR at www.sedar.com .

A playback of the Meeting will be available until Wednesday, July 6, 2022 , on B2Gold's events page or by dialing +1 416-764-8677 (local – Toronto) or +1 888-390-0541 (toll free – North America) (passcode 420261#).

B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada . Founded in 2007, today, B2Gold has operating gold mines in Mali , Namibia and the Philippines and numerous exploration and development projects in various countries including Mali , Colombia , Finland and Uzbekistan .

On Behalf of B2GOLD CORP. "Clive T. Johnson" President & Chief Executive Officer

For more information on B2Gold, please visit the Company's website at www.b2gold.com or contact:

Randall Chatwin SVP, Legal & Corporate Communications

Cherry DeGeer Director, Corporate Communications +1 604-681-8371 cdegeer@b2gold.com

The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release.

View original content to download multimedia: https://www.prnewswire.com/news-releases/b2gold-announces-voting-results-from-its-2022-annual-general-and-special-meeting-301573625.html

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/22/c4774.html

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Amex Reports Copper-Rich VMS Intercepts with Values of up to 2.86% CuEq over 6.40 m Including 4.81% CuEq over 1.60 m from QF Zone

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