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"), has today
entered into an agreement with LienViet Post Bank ("LPB") for the provision of a
US$20 million project financing loan for its Ban Phuc Nickel Project (the
"Project Finance Loan"). Upon closing of the Project Finance Loan agreement, the
previous cash collateral loan with LPB, announced on June 6, 2013, lapses, and
the cash collateral will be released for BPNM's use.


The Project Finance Loan has a tenor of three and a half years, carries an
interest rate of LIBOR plus 6.5%, and will be secured against the assets of
BPNM. First principal payment is due in March 2014. Drawdown is subject to
certain conditions precedent customary for a financing of this type.


Mr. Simon Booth, CEO of AMR, stated, "The signing of the loan agreement with LPB
provides all of BPNM's remaining funding requirement to take the Ban Phuc Nickel
Project through its ramp-up period. Coming on the heels of the commissioning of
the mine last week, AMR is now a fully-financed nickel producer. In partnering
with a Vietnamese bank, we look forward to establishing a long-term relationship
that will help BPNM as it looks to future growth projects such as a potential
smelter and regional expansion possibilities."


Company Profile:

Asian Mineral Resources Limited is a Canadian TSX-V listed company with a nickel
producing mine, the Ban Phuc Nickel Project, located 160 km west of Hanoi in Son
La Province, Vietnam. The project produces a high-quality nickel concentrate,
with a significant copper by-product. For further details on the Ban Phuc Nickel
Project and AMR, please refer to the technical report entitled "NI 43-101
Technical Report - Ban Phuc Nickel Project" dated February 15, 2013 available on
SEDAR, and also visit 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 completion of the project and the
achievement of expected benefits, potential mineralization and reserves,
exploration results and future plans and objectives of AMR are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such 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. Forward-looking
statements are qualified entirely by this cautionary statement and are given
only as at 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.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Asian Mineral Resources Limited
Paula Kember
Chief Financial Officer
+1 (416) 360-3412
www.asianminres.com

Grafico Azioni Asian Mineral Resources (TSXV:ASN)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Asian Mineral Resources (TSXV:ASN)
Storico
Da Giu 2023 a Giu 2024