Amanta Resources Ltd.

Amanta Resources Ltd.

March 01, 2005 15:10 ET

Amanta Resources Ltd. Exercises Doi Ngom Option


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AMANTA RESOURCES LTD.

TSX VENTURE SYMBOL: AMH

MARCH 1, 2005 - 15:10 ET

Amanta Resources Ltd. Exercises Doi Ngom Option

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 1, 2005) - Amanta
Resources Ltd. (the "Company") (TSX VENTURE:AMH)

THIS NEWS RELEASE IS NOT TO BE DISSEMINATED IN THE UNITED STATES.

Amanta Resources Ltd. (the "Company") is pleased to announce that it has
exercised its option to acquire 100 per cent of the exploration and
development rights to the Doi Ngom multi-commodity mineral property in
Phrae Province, in Northern Thailand. The cost to exercise this option
was US$100,000.

The Company will have approximately four years to complete its
evaluation of the property, concluding with feasibility studies, if
warranted. Should feasibility studies demonstrate the economic and
technical viability of a mining operation at the property, and the
Company wishes to undertake such an operation on the property, the
Company must pay an additional sum of US$250,000, grant Phrae Sila Co.
Ltd. a 5% carried interest in the mining operation and pay Phrae Sila
Co. Ltd. a 1% Net Smelter Royalty (1% NSR) on any mineral production
from the property.

The Company expects to commence its initial exploration and evaluation
program at the Doi Ngom property shortly. The program will include
systematic mapping and sampling as well as the drilling of a series of
shallow drill holes (up to 50 metres deep). The estimated cost of the
program is $400,000 and it is scheduled to be completed within six to
eight months.

The Doi Ngom Project

The project area comprises approximately 1.3 square kilometres and is
held under three Mining Licences registered to Phrae Sila Co. Ltd. The
area occupies the southern portion of a large breccia pipe, with total
dimensions of approximately 2.5 kilometres by 0.5 kilometres.

Phrae Sila Co. Ltd. has operated small-scale mining operations on the
site since the1970s, originally for stibnite (antimony ore), later for
fluorite and subsequently for high-grade ferberite (a tungsten ore of
the wolframite series). Active mining ceased some years ago.

The property has been mined solely for localized lenses or pods of
high-grade material, which were extracted and hand sorted into a high
unit value product. In addition to these high grade zones, disseminated
mineralization is believed to occur throughout the breccia pipe.

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 information provided in this news release may contain forward
looking statements within the meaning of the Safe Harbor provisions of
the US Private Securities Litigation Reform Act of 1995. These
statements are based on Amanta Resources Ltd.'s current expectations and
beliefs and are subject to a number of risks and uncertainties that can
cause actual results to differ materially from those described in
forward looking statements.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Amanta Resources Ltd.
    Patrick Cauley
    (604) 730-9505
    (604) 738-4080 (FAX)
    info@amantaresources.com
    www.amantaresources.com/
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this News Release.