Mexico Overview
AmMex Gold recently signed an agreement to acquire up to a 80% interest in 7 concessions totaling 14,300 hectares, known as El Tiliche. The Tiliche project is located in the NW tip of Sonora, Mexico, between the Gulf of California and the Arizona border within a gold belt that stretches from SE California to central Sonora. The property is located just north of highway #2 and is accessed by a well maintained gravel road. AmMex is in the process of applying for all required permits, and plans to commence a phase-one drill program in September 2006.

There are a number of small prospects and mines that were intermittently active from before the Mexican Revolution until the mid 1980's, but nothing is known of their production or operators. To date, AmMex has identified 4 zones with old mine workings and strongly anomalous gold and gold and silver values. Each of the 4 zones is described below:

A small underground adit developed approximately 30 meters along a N60W trending fracture that host a narrow quartz vein on the Tiliche concession is the largest of a small number of prospects and small workings in the central part of the concession block. Reconnaissance mapping and rock chip sampling program in May 2005 identified a 200 X 800 meter zone immediately west of and including the Tiliche Mine area with irregular outcrops and sub-outcrops cut by stockwork quartz veins with anomalous gold values ranging up to 7 grams per tonne and averaging 0.95 grams per tonne. Silver values were low. Shallow washes filled with sand and soil cover the areas between outcroppings. This mineralized zone occurs at the intersection of regional WNW and NE trending fault and fracture systems along strike to the NE of the Herradura Mine, operated jointly by Penoles and Newmont, where the NE trending structure are important control of gold mineralization. Host rocks include Jurassic granite with Jurassic volcaniclastic and rhyodacitic units to the south. A post mineral rhyolitic welded tuff outcrops to the north. Low rolling hills separated by washes filled with thin sand and soil cover support small mesquite and ironwood trees separated by a variety of Sonoran cacti over a wide area.

AmMex commenced a detailed reconnaissance of the Amie and Monica concessions in January 2006 and has identified 4 additional gold bearing areas. A total of 138 rock chips and mine dump samples were collected. About 50% are anomalous in gold and 12% are anomalous in silver. The silver rich samples were collected from the SW quadrant of the concession block.

This is a large and strongly mineralized area in the SW part of the concession block where a series of low angle tabular mineralized zones are stacked along a NW trend. The NW trend is marked by an alignment of quartz bodies - commonly contained within the low angle shear zones. High angle quartz veins also occur within this area. The aligned quartz bodies can be followed for approximately 1000 meters, and the SE 400 meters is strongly mineralized and has several old workings along it. Twenty-seven of the samples collected were anomalous in gold [ ranging from 0.25 - 25.3 grams per tonne ] and averaging 3.3 grams per tonne Au. Twenty-two of the samples collected were anomalous in silver [ranging from 11 - 191 grams per tonne] and averaging 55 grams per tonne Ag.

Located about 3.5 kilometers ESE of Las Companas. Nine samples collected from the area ran between 0.29 and 38.2 gpt and averaged 11.8 gpt Au with slightly anomalous silver values. A low-angle fault zone is hydrothermally altered and is host to mineralization and quartz veining. There are few outcroppings in parts of the area.

This area is located just south of the Rancho Viet Nam ranch house where low angle tabular mineralized bodies that are strongly sericitized, silicified and pyritic are stacked upon each other. Just east of La Cima, a large NW striking carbonate vein up to 30 meters thick [ dips 60 degrees to the SW ] can be traced for so distance and dips under the gold-silver mineralized zone at La Cima. Four samples collected over a wide area ran between 0.33 and 1.67 grams per tonne gold with anomalous silver values. There are other interesting looking zones with quartz veining and hydrothermal alteration which have yet to be sampled.

Baily Hills, Nevada Overview
If Nevada were its own country, it would be the 3rd largest gold producer in the world and is a key reason for choosing two projects in this area, Bailey Hills and Ox Creek.

The Bailey Hills property is located in Elko County, Nevada, along the famous Carlin gold trend. AmMex has an option to earn an 80% interest in 52 claims totaling over 1040 acres that make up Bailey Hills. AmMex has staked additional ground surrounding Bailey Hills that it has 100% ownership of.

The property was originally acquired by Consolidated Global Minerals several years ago. Global's strategy, when they acquired several Nevada properties, was to target 5-10 million ounce high grade deposits, mineable underground with high grade feeder zones below the shallow epithermal gold systems. They used leading edge geochemical and geophysical methods to acquire these properties long before the current boom in the gold market took root.

A comprehensive drill program is scheduled for early Fall 2006, and the Target Zone is an IP chargeability high in a fault zone between an intrusive and an adjacent carbonate block.

Geologic Setting
The Bailey Hills property sits atop a basement high covered with a veneer of volcanic material. This high is likely a horst bounded by west, northwest and north, south structures. It is important to note the major ore controlling structures at Rain and Emigrant Springs are west, northwest and north, south oriented respectively. Also, these structures bounded basement highs (horsts). The structural setting at Bailey Hills, both on a regional and property scale, is identical to that at the Rain / Emigrant deposits.

Ox Creek, Nevada Overview
AmMex Gold recently signed a Letter of Intent to acquire a 100% interest in the Ox Creek property, located 13 miles northeast of Austin, Nevada. The property consists of 29 claims covering approximately 560 acres, where surface samples have shown gold grades of up to 31 g/t over a width of 3 feet. Geologically, it is located within and adjacent to the Callaghan Mountain structural window through the Roberts Mountains Thrust, in an area of strong hydrothermal alteration and highly anomalous geochemistry. These are associated with high angle faulting as well as the low angle thrust zones.

Available data at Ox Creek, obtained from prior exploration in the area, confirms in detail the presence of highly anomalous concentrations of gold, arsenic, antimony, mercury, zinc and silver in soils, rock chips and drill cuttings, with associated decalcification of silty limestones and locally intense silicification. There have been narrow drill intercepts and surface rock samples with gold contents up to 0.10 oz/t. Lithologic units very favorable to mineralization are thinly overlain by thrust plates of less favorable host rocks.

A significant exploration target is located on the southern extension of the Cottonwood Spring resource of 50,000, 75,000 ounces of gold, apparently controlled by faulting and favorable lithologies. AmMex Gold's technical team are currently compiling a large amount of data produced by earlier exploration groups to better define additional structural, geochemical and lithological exploration targets.