Amanta Resources Ltd.
TSX VENTURE : AMH

Amanta Resources Ltd.

August 22, 2006 11:28 ET

Amanta Files Special Prospecting Licences for the Mae Chedi Tungsten Prospect

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 22, 2006) - Amanta Resources Ltd. (the "Company") (TSX VENTURE:AMH) is pleased to announce the Company has filed Special Prospecting Licence (SPL) applications covering and surrounding the area of the former tin-tungsten producing mine at Mae Chedi, in northern Thailand. The applications, which cover an area of 8500 rai, approximately 1360 ha, were filed at the provincial offices of the Department of Primary Industries and Mines in Chiang Rai.

The major ore minerals at Mae Chedi are scheelite and cassiterite occurring in stockworks of quartz veins and disseminated throughout the granite. Between 1972 and 1982 the Mae Chedi mine produced tungsten and tin ore from the contact zone between a Cretaceous granitic stock and Devonian volcanics. Typical annual production during those years was between 200 to 350 tons of scheelite-cassiterite concentrate, from high grade hand-sorted material. Mae Chedi is located some 65 kilometers north of Chiang Mai along a major highway.

During the active life of the Mae Chedi mine, limited exploration was carried out, in the form of a rock sampling programme. Results from this work, which the Company has not verified independently, indicated that large volumes of granitic rock around the old high grade exploitation pits could be mineralized with lower grade tin-tungsten. The initial focus of the exploration program by Amanta will be to quickly verify these sampling results and expand upon them.

Thailand was a significant tungsten producer until the collapse of world tungsten prices in the mid-1980s, caused by oversupply by the larger international producers. At its peak Thai production was approximately 7,500 tons of tungsten concentrate annually. Production came from a number of small, high-grade mines (typically grading in excess of 10% tungsten) associated with the southeast Asian tin-tungsten belt which stretches from Burma to Indonesia and extends throughout Thailand. Much of the Thai production emanated from a group of small mines in northern Thailand and these have been the focus of Amanta's tungsten acquisition and development strategy.

The filing of the SPL applications for the Mae Chedi area completes the program of acquisitions and applications planned under Amanta's tungsten development strategy. The Company had identified four former tungsten producing areas and has now proceeded with three of these. The fourth area of interest is at an elevation above 300 metres and has been designated as forestry reserve. Accordingly, licences cannot be acquired for this location.

Subject to the granting of the licences applied for, Amanta will have acquired 100% working interests in the Doi Ngom, Mae Lama and Mae Chedi tungsten areas and plans a co-ordinated evaluation programme for these properties. Mobilisation for the initial drilling programme at the Doi Ngom project has now commenced, as part of a joint programme for this and the company's Langu gold project (see News Release dated August 17th, 2006).

Amanta believes that the completion of this final step in its tungsten acquisition and development strategy places the Company in a very strong position in respect of a revival of the Thai tungsten industry, providing the Company with the opportunity to develop sufficient resources to warrant commercial tungsten production in the coming years.

Pieter Bakker (Director, Executive VP - Amanta Resources Ltd.) has verified geological Information contained within this report. 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 concentrates 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


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

Contact Information