NAMEX's mission is to explore for, discover and drill-prove mineral reserves in North America. Once mineral resources are identified, it will make arrangements with a major mining company for exploitation.

Until April 2011 the Company was under a Cease Trade Order (CTO) for failure to file its Financial Statements for 2008. This was predicated by the illness and eventual death of its President in 2009. In 2009 the company received notice that it was in default on its agreements covering its Huffman and Sudbury properties and was forced to relinquish them. In December 2009 the Board appointed an Interim CEO and president to reorganize and revitalize the Company. The Board appointed two new directors who were elected by shareholders at the March 04, 2011 Annual and Special Meeting. Since then the Board has been strengthened by the appointment of Mr William McWilliam to the Board.

The Company brought its continuous disclosures items up to date as of the end of May 2011. The audited Financial Statements for 2008, 2009 and 2010 and the accompanying MD&A reports are filed on SEDAR. The unaudited Interim Financial Statements and MD&A for Q1, Q2 and Q3 have been filed also on SEDAR. The audited financial statements and MD&A for fiscal year ended September 2011 have been completed and will be filed on SEDAR before the end of January 2012.

The Company held an Annual and Special Meeting on March 04, 2011 at which shareholders voted to elect four Directors, to consolidate the common shares on the basis of 10 old for 1 new share. Management negotiated agreements with former debtors, shareholders and Directors to forgive most of the outstanding former debts for small amounts of cash and shares. These agreements were approved by shareholders at the Annual and Special Meeting held on March 04, 2011.

The Company also lost most of its claims in the Eastern Townships of Quebec in 2009; however, it retained 6 important base metal claims in Clinton Township and has sufficient work credits to maintain them until beyond 2012. In 2011 management entered into an option with Slam Exploration Ltd. whereby it may earn up to a 70% interest in 28 mining claims in the Miminiska area (MIM Project) of northwestern Ontario. In December 2011 the Company entered into an agreement with Catherine E Enterprise of Norway House, Manitoba, to earn a 100% interest, subject to a 2% Net Smelter Return (NSR), in  the 19,000 ha exploration permit (MacVicar project) that covers a  large alteration zone of the type typically associated with Volcanogenic Massive Sulphide (VMS) deposits. In November 2011 the Company staked two claims (the PEN claims) adjacent to  claims in the Miminiska Lake area that are adjacent to the property optioned  from Slam Exploration Ltd. Discussions are ongoing with respect to acquiring other mineral properties of merit.

During summer 2011 the Company completed a 100 m line spaced magnetometer survey of the northern part of the MIM project. This survey provided data that is invaluable to delineating the geology and structure of this largely swamp covered project area. In addition, the Company undertook line cutting in preparation for a detailed Induced Polarization (IP) survey that had to be cancelled due to local forest fires. A geochemistry survey undertaken to evaluate the significance of  a historic trench and a drill hole with 7.2 m of 9.47 g/t gold determined that the trench mineralization has limited lateral extent, however, a gold anomaly that starts at the site  of the gold mineralization in the drillhole extends for 1 km south westwards to the limit of the surveyed area. The geochemistry survey also detected three other extensive anomalies that are interpreted to represent parallel gold-bearing regional veins within a 1000 m by 300 m area.

The Company has identified the MIM claims as its qualifying property. A 43-101 report has been completed for the MIM project, which is the next to last item required to initiate the relisting process. The Company is in the process of completing the application for a listing.

The Board of Directors appointed Grayme Anthony as Chief Financial Officer in April, 2010 and Nadezda Yavorskaya as VP Technical Services with responsibility for geochemistry and GIS activities. Management is in the process of putting together other new technical team members and obtaining financing for exploration on its highly prospective properties.