Amerix Receives Shareholder Approval for Business Combination With Eagle Graphite Corporation and Sets Closing Date

TORONTO, ONTARIO--(Marketwired - Dec. 19, 2014) -

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Amerix Precious Metals Corporation (TSX VENTURE:APM) ("Amerix" or the "Company") is pleased to announce that the proposed business combination (the "Transaction") with Eagle Graphite Corporation ("Eagle") has received the approval of its shareholders at a special meeting of shareholders held today (the "Meeting"). In addition, the Amerix shareholders approved the disposition of its Brazilian mineral properties at the Meeting. The Eagle shareholders also approved the Transaction at a special meeting of Eagle shareholders held today.

Eagle and Amerix intend to complete the Transaction effective Tuesday, December 23, 2014. As part of the Transaction, Amerix will change its name to "Eagle Graphite Incorporated" (the "Resulting Issuer") and will consolidate its outstanding securities on the basis of one (1) new Amerix share for each twenty (20) currently outstanding shares (the "Consolidation"), each of which shall be effective immediately prior to the completion of the Transaction. There are currently 82,454,934 common shares outstanding as of today's date; following the Consolidation there will be 4,122,746 Amerix shares outstanding. A total of 266,118,800 post-Consolidation shares will be issued in connection with the Transaction.

Trading in the shares of Amerix have been halted since July 7, 2014 pending completion of the Transaction. Amerix has received conditional approval of the TSX Venture Exchange ("TSXV") for the Transaction. It is expected that the shares will remain halted until the listing conditions of the TSXV have been satisfied, which is expected in early January, 2015.

For further information in respect of the Transaction, please refer to the press releases of July 7, 2014, August 14, 2014, September 30, 2014, October 31, 2014, November 3, 2014, November 5, 2014 and December 18, 2014 and the joint information circular of Amerix and Eagle available on www.SEDAR.com under Amerix's profile. The Transaction is subject to the receipt of final approval of the TSXV.

Amerix and Eagle are also pleased to announce that Eagle has entered into a binding letter of intent with TLO Capital Corp. dated December 19, 2014, (the "LOI") for a private placement financing (the "TLO Private Placement"). Pursuant to the terms of the LOI, TLO will purchase a minimum of 1,400,000 and up to a maximum of 1,600,000 units of the Resulting Issuer (the "TLO Units") at a price of $0.10 per TLO Unit, for aggregate consideration of a minimum of $140,000 and up to a maximum of $160,000, respectively. Each TLO Unit will consist of one common share (the "EGI Shares") in the capital of the Resulting Issuer and one half of one (1/2) share purchase warrant, each of which is exercisable into an ECI Share at a price of $0.15 per share for a period of 60 months from the date of issuance. The TLO Units will be issued pursuant to applicable prospectus and registration exemptions under National Instrument 45-106 Prospectus and Registration Exemptions.