Asian Mineral Resources Limited (“AMR”) is an independent, international based exploration and mining company listed on the TSX Venture Exchange, under the symbol “ASN”.  Through its 90% ownership of the Ban Phuc Nickel Mines Limited (“BPNML”), AMR is developing Vietnam’s only known nickel deposit which includes a 1.23 million tonne measured and indicated massive sulphide resource in addition to a large disseminated sulphide resource. AMR was granted the Ban Phuc Project Mining Licence in Dec 2007 and is targeting mine production to commence in early 2009. The remaining 10% is held by a company owned by the residents of Son La Province in which the property is located.

Project Highlights

• Mining Licence granted in December 2007
• Definitive Feasibility Study Nov 05, revised costs June 07
• Planned production of 200,000 tpa for 5 year initial mine life scheduled for late 08
• Avg 4,000 tpa Ni & 2,000 tpa Cu in concentrate
• 5,500 tpa Ni & 2,300 tpa Cu in early years
• Development scheduled for early 08
• Refurbishment of underground equipment completed
• Refurbishment of underground adits & stope definition of the orebody upper sections completed
• Steady build up of operational & managerial mine team continues
• Significant exploration upside
• Large disseminated sulphide resource with higher grade core adjacent to main deposit
• Numerous untested nickel sulphide & disseminated targets