AMI Resources Inc.
TSX VENTURE : AMU

AMI Resources Inc.

December 11, 2006 13:16 ET

AMI Resources Inc.: Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 11, 2006) - AMI Resources Inc. (TSX VENTURE:AMU) -

The Company wishes to announce that it has agreed to a non-brokered private placement to issue up to 11 million units at the price of $0.20 per Unit for maximum gross proceeds of $2,200,000. Hereinafter referred to as the" Offering".

The Units under this Offering will comprise one (1) common share and one (1) share purchase warrant. Each share purchase warrant will entitle the holder to purchase an additional common share of the Company at a price of $0.40 per share for a period of two (2) years from the date of closing. If after four months and one day following the closing and until the expiry date of the warrants, the closing price of the Company's shares exceeds $0.75 for 20 consecutive days, the Company will be able to accelerate the expiry date of the Warrants to the date that is 30 days after the notice of the new expiry date is provided to the holders of the Warrants.

A finder's fee in connection with this Offering will be paid to PowerOne Capital Markets Limited for all Unit subscriptions referred by PowerOne. The finder's fee will consist of an 8 % cash commission and a Finders Warrant equal to 10% of the number of referred Units. Each Finders Warrant will be exercisable into a Unit on the same terms as the Units under this Offering for a period two (2) years from the date of closing.

All shares issued pursuant to the Offering will be subject to a four (4) month hold period from the date of closing.

Proceeds from the private placement will be used primarily for further exploration on the Company's mineral properties in Ghana, West Africa and for general working capital.

Upon completion of the Offering, Damien Reynolds will be appointed to the Board of the Company, along with one other mutually acceptable nominee. Mr. Reynolds is Chairman & C.E.O. of Longview Capital and also holds positions in several other publicly traded companies.

On behalf of the Board of Directors,

Dustin A. Elford, Chief Financial Officer


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