TORONTO, ONTARIO--(Marketwire - April 7, 2011) - Amerix Precious Metals Corporation (TSX VENTURE:APM) ("Amerix" or the "Company") is pleased to announce that at a special meeting of shareholders held on April 7, 2011, the shareholders of the Company elected Mr. Robert Crombie to the Board of Directors, bringing the total number of directors to six. Mr. Crombie has over 18 years of mining-related financial experience and is currently President of Crystallex International Corporation. Previously, Mr. Crombie held the positions of Vice President of Dresdner Bank (1999-2001) and the Chase Manhattan Bank (1994-1999) where he managed the origination and structuring of their Canadian mining finance initiatives. Between 1989 and 1992, he held positions with Corona Corporation, a Canadian mining company, including on-site at two of its mining operations. Mr. Crombie has a Master of Science degree in Mineral Economics from Penn State University and an Honours Bachelor of Commerce Degree from Queen's University. Mr. Crombie will serve until the next annual meeting of Shareholders.

At the special meeting, the shareholders also approved a special resolution authorizing the Board of Directors to consolidate the common shares of the Company (the "Common Shares") on the basis of one (1) new Common Share for every three (3) old Common Shares (the "Consolidation"). Management believes that the current number of outstanding Common Shares is inconsistent with the size, assets and structure of the Company and proposed the Consolidation of the shares of the Company in order to increase its flexibility with respect to potential business transactions, including any possible future equity financings.

The Board of Directors of the Company met after the special meeting of shareholders and confirmed the Company's intention to proceed with the Consolidation of the Common Shares. The Consolidation will be subject to all applicable regulatory and TSX Venture Exchange approvals. Amerix will mail a letter of transmittal for use by its registered shareholders to obtain new common share certificates on a post-Consolidation basis, and will provide further information by way of additional press releases as to when the shares will begin trading on a post-consolidated basis. No fractional shares will be issued in connection with the Consolidation.

About Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario company exploring for precious metals in Brazil. Amerix's objective is to create value for shareholders through the delineation and expansion of bedrock gold resources, and realization of value from placer and tailings gold resources at the Company's properties. Brazil has enormous gold potential and is a proven mining-friendly country and Amerix will continue to pursue further exploration properties of merit via staking, acquisition or merger. The Corporation's shares trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange under the symbol "NJG."

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. 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 Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and, among others, the Ontario Securities Commission as well as under the heading "Risk Factors" in the Management Discussion and Analysis.

Contact Information: Amerix Precious Metals Corporation
Steve Brunelle
President and Chief Executive Officer
Amerix Precious Metals Corporation
Dan Hamilton
Chief Financial Officer