Eagle Graphite Inc V.EGA.H

News - PP expanded and delayed

[ticktalker]

Amerix Precious Metals Increases Size of Private Placement Financing 14:08 EDT Tuesday, July 31, 2007 TORONTO, ONTARIO--(CCNMatthews - July 31, 2007) - Amerix Precious Metals Corporation (TSX VENTURE:APM)(FRANKFURT:NJG) today announced that the brokered private placement (the "Private Placement") with Coniston Investment Corp. that was previously announced on July 12, 2007 has been increased from 14,000,000 units to 15,240,000 units of Amerix. All other terms and conditions of the Private Placement remain unchanged. Each unit will consist of one common share of Amerix and one-half of one common share purchase warrant, with each full warrant entitling the holder thereof to purchase one additional common share of the Corporation at a price of $0.35 at any time prior to the date that is twelve months from the date of the closing of the Private Placement, provided that, after four months and one day, the Corporation may accelerate the expiry date of the warrants if the closing price of the common shares on the TSX Venture Exchange exceeds $0.45 for ten (10) consecutive trading days. The Private Placement is expected to close on or about August 8, 2007, and is subject to normal closing conditions including the receipt of all necessary regulatory approvals. The Corporation intends to use the proceeds of the Private Placement for exploration work on its Brazilian properties and for general working capital purposes. About Amerix Precious Metals Corporation Amerix Precious Metals Corporation is an Ontario company exploring for precious metals in Brazil. Vila Porto Rico is the Corporation's main project, covering over 50,000 hectares. Vila Porto Rico has multi-million ounce gold potential, as it contains historic and active gold mines that anecdotal evidence suggests have produced over 2 million ounces from placer and bedrock mining operations. Amerix's objective is to create value for shareholders through expansion of bedrock gold resources, and development of placer and tailings gold resources. Brazil has enormous gold potential and is a proven mining-friendly country. Amerix staff has more than 50 years of combined experience in Brazil, and the Corporation has been active for more than 10 years. The Corporation's shares trade on the TSX Venture Exchange under the symbol "APM" and on the Frankfurt Stock Exchange under the symbol "NJG". If you would like to receive press releases via email, please contact [e-mail] and specify "Amerix press releases" in the subject line. We seek safe harbour. FOR FURTHER INFORMATION PLEASE CONTACT: Amerix Precious Metals Corporation Lawrence W. Snee President [phone]