AMI Resources Inc.
TSX VENTURE : AMU

AMI Resources Inc.

September 17, 2007 10:03 ET

AMI to Increase Its Land Position on the Ashanti Shear

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 17, 2007) - The Company (TSX VENTURE:AMU) wishes to announce that it has entered into a letter agreement with Golden Star Resources Ltd., to purchase, Golden Star's 54% interest in the Obuom Property and has also entered into a letter agreement with Mr. Edward Boohene and Centre Properties Ltd. (a Ghanaian corporation) to purchase their 46% interest in the Obuom Property, thereby giving AMI 100% interest in Obuom, subject to a 10% carried interest by the Government of Ghana.

The general terms of the Golden Star purchase are as follows:

1. The Company agrees to issue Golden Star 2,850,000 common shares of the Company.

a. 1,850,000 common shares upon the issuance of such licenses and permits by the Ghanaian Ministry of Mines and Forestry Department required for the exploration of the Property.

b. 1,000,000 common shares upon delineation of a measured, indicated and/or inferred resource on the Property of at least 200,000 ounces of gold in the aggregate.

2. The Company grants Golden Star a "net smelter return" royalty, ("NSR") of 2% on all future production of gold from the Property, which NSR Royalty shall be based on a 54% interest in the Property.

3. The Company also grants Golden Star pre-emptive rights to participate in all future financings of the Company in order to maintain its Interest Percentage (5.7633% on a fully diluted basis) in the Company. The pre-emptive right shall terminate once the Company's interest in the Property falls below 50% or Golden Star's Interest Percentage falls below 1% on a fully diluted basis.

4. Golden Star agrees to provide assistance to the Company in its efforts to advance the Properties.

The general terms of the Boohene/Centre Properties purchase are as follows:

1. The Company agrees to pay US$250,000 upon the issuance of such licenses and permits by the Ghanaian Ministry of Mines and Forestry Department.

2. The Company agrees to US$750,000 upon completion of a bankable feasibility study.

3. The Company grants Mr. Boohene a NSR of 2.5% on all future production of gold from the Property, which NSR Royalty shall be based on a 46% interest in the Property. The Company at any time can purchase all or any portion of the NSR by paying US$1,000,000 for each 1% of the NSR.

The Obuom Concession is located 20 km NE of Anglo Ashanti Gold's Obuasi mine and borders the Company's North Ashanti Gold Project to the south. Historical mining took place from 1918 to 1924 and 1935 to 1938. Gold production from the Obuom Mine during this period averaged grades between 11.85 g/t gold to 22.7 g/t gold. (source: Ghana Mines Department Annual Report).

Since then several companies have worked the area with JCI of South Africa being the last company to do an exploration program in 1999. Golden Star acquired JCI's interest in Ghana and since that acquisition the property received little work due to legal disputes. These disputes appear to have been settled by the parties and renewal applications are in process. Golden Star has provided the Company with historical work reports and other technical information.

The acquisition of the Obuom concession will greatly increase the Company's ability to discover a multi-million ounce gold deposit along the Ashanti Shear. See figure below:

http://www.ccnmatthews.com/docs/917amu1.jpg

On behalf of the Board of Directors,

Dustin Elford, President

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

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