Amerix Announces Additional Results From Vila Porto Rico Drilling

Business Wire, March 1, 2005

TORONTO -- AMERIX PRECIOUS METALS CORPORATION (TSX VENTURE:APM) is pleased to announce the results of the second set of holes drilled at its Vila Porto Rico property in western Para State, Brazil. Mineracao Vila Porto Rico (MVPR), Amerix's wholly owned Brazilian subsidiary, is engaged in a 5,000 meter drilling program at Ouro Roxo.

Hole numbers AORN-04, AORN-05 and AORN-06 were drilled on the 200N and 100N sections to depths of 232, 235 and 249 meters, respectively. These holes have confirmed the results reported on February 14, 2005, which indicated that the ore zone reduced in width toward the south. The next phase of the drilling at Ouro Roxo North will take place along the 500N section to identify a possible extension of the ore body to the north.

The drill results from Amerix's drill program (AORN series) at Ouro Roxo North are attached to this release along with the drill results from the holes completed by RTZ/CRA (FOR series). A detailed map showing the location of these drill holes is provided through a link to "Brazil Activities" on the homepage of Corporation's website at http://www.amerixcorp.com/.

A fourteen-hole drill program to test the geochemical anomaly at Ouro Roxo South is in progress and four holes have been completed. Amerix has determined that the large gold soil anomaly at Ouro Roxo South is more than 600 meters in a north-south direction and approximately 200 meters wide. The anomaly is open-ended both to the south and north. It is estimated that this 1,380-meter drill program will be completed in March.

The Corporation announces that it has regretfully accepted the resignation of Dr. Charles Thorman as Executive Vice President (Exploration), as a Director and as Corporate Secretary effective February 16, 2005. Dr. Thorman was instrumental in identifying the attractive land position which Amerix acquired in Brazil in 1997 and has made a significant contribution to the Corporation's exploration efforts. Dr. Thorman is retiring to devote more time to his wife who is not in good health. However, Dr. Thorman has agreed to assist the Corporation on a consulting basis until his successor is identified.

"It is with mixed emotions that we release these results," said John Andrews, CEO of Amerix. "We are very happy that our exploration program continues to move forward in an efficient manner in Brazil and we look forward to receiving the results from our drill program that is currently ongoing in Ouro Roxo South. On the other hand, we are sad to see Chuck Thorman leave the organization. He has played a key role in Amerix and we wish him well."

The technical and scientific information contained in this press release has been reviewed by John Andrews, P.Eng. (Ontario), a qualified person within the meaning of National Instrument 43-101. Mr. Andrews is President and Chief Executive Officer of the Corporation.

Amerix Precious Metals Corporation is an Ontario corporation that explores for precious metals (gold & silver) in Brazil and Mexico. The Corporation's shares trade on the TSX Venture Exchange under the symbol "APM." Amerix was formerly New Bullet Group Inc. and changed its name and domicile on May 31, 2004.

The Corporation's website is http://www.amerixcorp.com/

Disclaimer:

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are disclosed in the Corporation's documents filed from time to time with the TSX Venture Exchange and the Ontario Securities Commission.

Gold intersections at Ouro Roxo Norte

                                                          Gold Assay
Hole      Section   Hole Bearing  Interval   Thickness        (Grams
Number       Line  & Inclination in meters    (Meters)     per tonne)
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                      45 degrees
AORN-01   429.50N        to west  55 -  62       7.00           8.70
                              or  58 -  62       4.00          13.86
                                 104 - 105       1.00           9.48

                      45 degrees
FOR-15    429.50N        to west 107 - 107       0.73           4.74
                                 136 - 138       2.10           4.81
                                 161 - 162       0.50           2.32

FOR-17    429.50N     90 degrees 125 - 130       4.84           2.22
                                 188 - 189       1.28           0.36

                      60 degrees
FOR-26   429.50N         to west       Drillhole did not intersect
                                             the ore zone
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                       60 degrees
FOR-07      300N          to west  4 -   8       4.38           3.55
                                  23 -  24       1.00           1.06
                                  30 -  31       1.00           1.90
                                  37 -  45       8.00          11.41

                       45 degrees
FOR-11      300N          to west 32 -  33       1.31          11.30
                                  92 -  97       4.70          28.12

                       60 degrees
FOR-02      300N          to west 52 -  53       1.00           4.02
                                  58 -  59       1.00           1.33
                                  98 - 105       6.97           3.05
                                 112 - 115       3.12          28.74
                              or  98 - 115      17.09           6.59

                       65 degrees
FOR-08      300N          to west 70 -  71       1.01           1.14
                                  77 -  78       0.85          15.58
                                 116 - 118       2.12           3.64
                                 144 - 151       6.72           3.14
                                 167 - 168       0.63          32.20

                      60 degrees
FOR-25      300N         to west 196 - 197       0.55           1.18
                                 199 - 200       1.06           1.10
                                 205 - 207       2.13           1.43
                                 322 - 325       2.93           0.98
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                      40 degrees
AORN-02     200N         to west  38 -  39       1.00           5.21
                                  70 -  71       1.00           2.64
                                 104 - 105       0.90          42.53


FOR-13      200N      45 degrees  11 -  12       0.93           1.97
                         to west  50 -  51       1.05           1.04
                                  90 -  92       2.50           1.85
                                 111 - 113       1.28           1.54
                                 123 - 125       2.42          51.60
                              or 111 - 125      13.90           9.27


AORN-03     200N      60 degrees  49 -  54       5.00           3.52
                         to west  79 -  80       1.00           4.59
                                 156 - 157       0.83          15.75
                                 170 - 171       1.23           4.32


AORN-04     200N      55 degrees 104 - 105       1.00           1.91
                         to west 113 - 114       1.00           1.28
                                 133 - 134       0.57           1.61
                                 195 - 196       0.91           1.12
                                 209 - 210       1.00           1.52
                                 219 - 220       1.00           1.28

                      60 degrees
FOR-21      200N         to west 152 - 153       0.87           8.84
                                 240 - 241       0.77          12.73
                                 272 - 273       0.24           3.00
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                      60 degrees
FOR-23      100N         to west  36 -  39       2.91           4.43

                      55 degrees
FOR-19      100N         to west  24 -  27       2.54           3.00
                                  31 -  34       2.25           1.80
                                  71 -  73       1.94           3.43

                      60 degrees
AORN-05     100N         to west 124 - 125       1.00           1.32
                                 133 - 137       5.00           1.45
                                 146 - 147       1.00           3.60
                                 158 - 159       1.00           2.27

                      60 degrees
AORN-06     100N         to west 131 - 132       1.00           3.36
                                 158 - 159       1.00           2.30
                                 197 - 198       1.00           3.56
                                 206 - 208       2.00           1.16
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