C.W. Reed, Former Hecla Mining Chief Geologist, Joins Reese Corp. Ottawa – (BUSINESS WIRE) – July 20, 2006 – Reese Corp. (OTCBB:RESE, Frankfurt:R5E) is pleased to announce that Charles W. Reed (Bill) has been appointed Vice President of Exploration, North America. Reese recently announced that Chris Crupi, President and CFO, will bring a proposal to shareholders to change the name of the Company to AmMex Gold Mining Corp., in order to better reflect its new focus on precious metals exploration in the U. S., Canada and Mexico. Chris Crupi, President & CFO, commented "I am very pleased to have Mr. Reed on board as we move Reese into its next stage of development. During the last several months we positioned the company strongly as we progressed through a number of development phases. First was identifying numerous advanced-stage gold projects throughout North and South America. Secondly, we conducted extensive due diligence on these potential acquisitions. The third phase, to secure required funding, was implemented as Reese commenced trading. We are now in the final phase of acquiring these projects and developing them towards production. We will be announcing the first property acquisition very shortly.” Bill Reed has significant mining experience in Mexico and the Western U. S., as he was formerly Chief Geologist – Mexico for Minera Hecla S. A. de C. V., a subsidiary of Hecla Mining (NYSE:HL) from 1998 to 2004, and Regional Geologist, Mexico and Central America for Echo Bay Exploration from 1993 to 1998. While at Hecla, Mr. Reed supervised detailed exploration at the Noche Buena project, Sonora, and the San Sebastian silver and gold mine, Durango. He also discovered and drilled the Don Sergio vein that was later put into production. While at Echo Bay, Mr. Reed identified the potential of the Dolores mining district, Chihuahua, Mexico and recommended its acquisition. Echo Bay later sold its interests back to Minefinders Corp. where more than 44 million ounces of silver and 2.5 million ounces of gold were discovered. During the late 1970’s and early 1980 Mr. Reed was employed by the minerals division of Occidental Petroleum in their gold exploration in Nevada and brought the Alligator Ridge deposit to their attention. Occidental joint ventured the property with Amselco and later put the property into production. During the mid 1980’s he was involved with Grandview Resources at the Carson Hill Gold mine in the Mother Lode of California that was later sold to Western Mining. Currently, Mr. Reed is a Director and Manager of Exploration, Mexico for Paramount Gold Mining Corp. (OTC:PGDP). Mr. Reed has a Bachelor of Science Degree in Mineralogy, University of Utah and is a Registered Professional Geologist in the State of Utah. He also completed an Intensive Spanish Program at Institute De Lengua Espanola, San Jose, Costa Rica [1969]. Mr. Reed commented “I am very excited to be part of such a dynamic, talented team. The Company’s commitment to acquire advanced-stage projects that can be put into production in the near future was a key attraction for me in agreeing to come on board. I have had a great deal of success in areas like Nevada and Mexico over the past 30 years; and I have built a network that will be invaluable in sourcing quality projects.” About Reese Corp. Reese Corp. is a precious metals exploration and development company. It is management's objective for Reese to become a gold and precious metals producer by acquiring advanced-stage projects and/or producing mines in proven precious metal districts throughout the world. The Company trades on the OTC market under the symbol “RESE” and on the Frankfurt Exchange under the symbol “R5E”. For more information, please visit the Company’s web site at: www.ammexgoldmining.com (now available in the following languages: English, German, Mandarin, Spanish and French). Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. About Reese Corp. Reese Corp. is a precious metals exploration and development company. It is management's objective for Reese to become a gold and precious metals producer by acquiring advanced-stage projects and/or producing mines in proven precious metal districts throughout the world. The Company trades on the OTC market under the symbol “RESE.” For more information, please visit the Company’s web site at: www.ammexgoldmining.com Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Investor Relations: Skyline Communications Tel: 1-613-226-9881 Toll-free: 1-866-481-2233 www.skylinecommunicationsinc.com