Amanta Resources Ltd.
TSX VENTURE : AMH

Amanta Resources Ltd.

March 28, 2006 17:56 ET

Amanta Completes $1.5 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 28, 2006) - Amanta Resources Ltd. (TSX VENTURE:AMH) is pleased to announce that it has completed a private placement of 5,000,000 units at a price of $0.30 per unit for gross proceeds of $1,500,000. Each unit consists of one common share and one-half of a share purchase warrant. Each whole warrant may be exercised to acquire an additional common share for a period of two years from closing at an exercise price of $0.45 per share. The securities issued in the private placement will be subject to a hold period expiring on July 23, 2006. Proceeds of the financing will be used to advance the Company's Doi Ngom Tungsten Project and Langu Gold Project, both in Thailand, and for working capital.

Drilling to Commence Shortly at Doi Ngom Tungsten Project

The Company will begin the initial phase of an extensive drill program at Doi Ngom toward the end of April, 2006. Previous surface work carried out by Amanta at Doi Ngom identified a large tungsten anomaly (reported August 15, 2005). Surface soil and rock sample assay values generally ranged up to 2,000 ppm (0.2%) with individual samples returning values to a maximum of 3.9% WO3.

Geological Information contained within this report has been verified by Pieter Bakker (Director, Executive VP - Amanta Resources Ltd.). Mr. Bakker satisfies the requirements of a Qualified Person as defined in the National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

Amanta Resources Ltd. is focused on mineral exploration, development and production in Thailand and the Southeast Asian region. The Company's strategy is to concentrate on the systematic evaluation of known mineral occurrences, rather than "greenfields" exploration, creating early opportunities to finance and develop mines.

ON BEHALF OF THE BOARD OF AMANTA RESOURCES LTD.

Gerald D. Wright, President

These securities have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless registered under the Securities Act or unless an exemption from registration is available.


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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