Asian Mineral Resources Limited

Asian Mineral Resources Limited

December 17, 2007 09:54 ET

Asian Mineral Resources Limited Announces Grant of the Ban Phuc Project Mining Licence

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2007) - Asian Mineral Resources Limited ("AMR" or the "Company") (TSX VENTURE:ASN) announced today that its 90% owned Vietnamese subsidiary, Ban Phuc Nickel Mines has received a mining license allowing it to mine nickel, copper and associated minerals at its Ban Phuc property. The mining license area covers the massive sulfide deposit, the development of which has been approved by the Company's Board of Directors.

"We are delighted that the Vietnamese government has demonstrated its support for the development of our Ban Phuc project", commented Rob Thomson, President and Chief Executive Officer of AMR. "We will now proceed to develop the project, targeting mine production commencement in early 2009. Our Son La partner, has been extremely supportive to our predevelopment activities and the securing of the mining licence. This association augers well for the future. The predevelopment activities undertaken by the Joint Venture, and sanctioned by the Provincial authorities, have aided the establishment of a management team and project control systems which will now enable a rapid commencement of project construction".

Company Profile:

Asian Mineral Resources Limited is currently engaged in the exploration and development of the Vietnamese located Ban Phuc Nickel Project in which it currently has a 90% interest. The Project is part of a granted Foreign Investment License covering 150 square kilometres of highly prospective ultramafic hosted nickel occurrences.

For further details on the Company and the Ban Phuc Nickel Project please refer to the website at

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 potential mineralization and reserves, exploration results and future plans and objectives of Asian Mineral Resources Limited 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 Asian Mineral Resources Limited's expectations are disclosed under the heading "Risk Factors" and elsewhere in Asian Mineral Resources Limited documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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