ASN Asian Mineral Resources Ltd

Asian Mineral Resources Limited ("AMR") (TSX VENTURE:ASN) is pleased to announce
the successful completion of its previously announced shareholder rights
offering (the "Rights Offering") for aggregate gross proceeds of $12,500,000 and
an update of the Ban Phuc Nickel Project.


Rights Offering

AMR has issued a total of 250,000,000 common shares of AMR pursuant to the
Rights Offering, of which, 161,237,768 Common Shares were issued pursuant to the
exercise of the basic subscription privilege and additional subscription
privilege and the remaining 88,762,232 Common Shares were issued to Pala
Investments Limited ("Pala") pursuant to Pala's standby commitment. Following
completion of the Rights Offering, Pala and its affiliates, now own
approximately 79.6% of the issued and outstanding common shares of AMR.


Project Update

Construction of the Ban Phuc nickel project continues to progress rapidly
towards the June 2013 target commissioning date. In particular, the ball mill,
the last piece of major equipment, is now mounted on site. The construction of
the tailings storage facility continues ahead of schedule and is expected to be
completed in May 2013, as planned. Recent pictures of construction progress can
be viewed at AMR's website (http://www.asianminres.com).


AMR has selected to retain an Australian mining contactor to ensure efficient
commencement of mining at the Ban Phuc nickel project. The mining contractor is
currently mobilizing equipment and personnel to the Ban Phuc site, and mining
operations are scheduled to recommence in April. Due to the existing underground
infrastructure already in place at Ban Phuc, mining will immediately focus on
production of nickel ore ready for commissioning of the process plant.


AMR is also pleased to announce continued progress with obtaining key remaining
permits, including:




--  The approval of the updated project feasibility study by the Ministry of
    Industry and Trade; 
--  The approval of the company's updated environmental impact assessment
    and environmental remediation and rehabilitation plan by the Ministry of
    Natural Resources and Environment; and 
--  The issuance of the water use permit for the Ban Phuc nickel project by
    the Son La Department of Natural Resources and Environment.



The recent receipt of these approvals demonstrates the ongoing support received
by AMR from the Government of the Socialist Republic of Vietnam.


Simon Booth, AMR CEO, commented: "We are extremely pleased with the ongoing
progress of the Ban Phuc nickel project towards production. In particular, the
selection of an experienced mining contractor significantly de-risks a key
element of the operations. In addition, the ongoing high-level of support AMR
has received from both the central and provincial bodies of the Government of
Vietnam, as well as the continued support of its major shareholders have been
highly encouraging."


Company Profile:

Asian Mineral Resources Limited is developing the Ban Phuc Nickel Project,
located 160 km north-west of Hanoi in the Son La Province, which is 90% owned by
its subsidiary Ban Phuc Nickel Mines LLC. The development of the project is in
its advanced stages, with underground and surface infrastructure near completion
and commencement of production expected from June 2013. For further details on
AMR and the Ban Phuc Nickel Project, please refer to AMR's website at
www.asianminres.com.


This press release includes certain "Forward-Looking Statements." All
statements, other than statements of historical fact, included herein, including
without limitation, statements regarding completion of the project, the
commencement of commercial production and the achievement of expected benefits,
including those related to contract mining, potential mineralization and reserve
and resource estimates, exploration results and future plans and objectives of
AMR are forward-looking statements. Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of AMR to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Important factors that could cause actual results to
differ materially from AMR's expectations are disclosed under the heading "Risk
Factors" in AMR's Annual Information Form, in the short form prospectus dated
February 15, 2013 and elsewhere in AMR's documents filed from time-to-time with
the TSX Venture Exchange and other regulatory authorities. Such forward-looking
statements are based on a number of material factors and assumptions, including:
estimated cost to bring the Ban Phuc Nickel mine into commercial production,
that contracted parties provide goods and/or services on the agreed timeframes;
that on-going contractual negotiations will be successful and progress and/or be
completed in a timely manner; that application for permits and licences will be
granted/obtained in a timely manner; that no unusual geological or technical
problems occur; that plant and equipment work as anticipated and that there is
no material adverse change in the price of nickel. Although AMR has attempted to
identify important factors that could cause actual actions, events or results to
differ materially from those described in forward-looking statements, there may
be other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking statements contained herein
are made as of the date of this press release. AMR disclaims any obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law. There can be
no assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements due to the inherent uncertainty therein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Asian Mineral Resources Limited
Paula Kember
Chief Financial Officer
(416) 360-3412

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