ASN Asian Mineral Resources Ltd

Asian Mineral Resources Limited ("AMR") (TSX VENTURE:ASN) is pleased to announce
that its 90% owned subsidiary, Ban Phuc Nickel Mines LLC ("BPNM"), is currently
in advanced negotiations with Lien Viet Post Bank ("LVPB") on the provision of a
US$20 million project financing loan (the "Project Debt") for its Ban Phuc
Nickel Project. As part of this proposal, and pending final credit approval of
the Project Debt, LVPB has granted an initial US$11 million loan to BPNM (the
"Initial Loan"), secured by cash collateral from AMR's existing cash resources.
The Initial Loan allows expenditure to bring the Ban Phuc Nickel Project into
production to continue uninterrupted.


BPNM is currently working with LVPB to complete its credit approval process and
finalization of definitive agreements for the Project Debt which, if approved
and executed, will be subject to certain conditions precedent customary for a
financing of this type. It is expected that, upon closing of the Project Debt,
the Initial Loan will be replaced by the Project Debt and the cash collateral
released. The Initial Loan has an interest rate of LIBOR plus 6.5% and may be
repaid by BPNM at any time without restriction including if the terms of the
Project Debt are not approved and agreed with LVPB.


Mr. Simon Booth, CEO of AMR, stated: "We are excited to be working in
partnership with LVPB. AMR's continued focus on maximizing local Vietnamese
content, in all aspects of the project, is an important aspect to ensuring the
ongoing success of the project. The successful completion of project financing
will position AMR to move from the milestone of first production at the end of
June 2013, to sustainable positive cash flow".


AMR will provide an update on the Project Debt once credit approval has been
obtained and definitive agreements have been executed with LVPB.


Company Profile:

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


Forward-Looking Statements

This press release includes certain "Forward-Looking Statements." All
statements, other than statements of historical fact, included herein, including
without limitation, statements regarding obtaining LVPB credit approval and
entering into definitive agreements with LVPB for the Project Debt, completion
of the project, the commencement of production and the achievement of expected
benefits, 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, 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: obtaining LVPB credit approval, execution of
definitive agreements with LVPB for the Project Debt, the satisfaction of
conditions precedent for the Project Debt, 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
www.asianminres.com

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