Asian Mineral Resources Limited

Asian Mineral Resources Limited

June 12, 2008 11:36 ET

Asian Mineral Resources: Comments on Increase in Tariff on Nickel Exports

TORONTO, ONTARIO--(Marketwire - June 12, 2008) - Asian Mineral Resources Limited ("AMR" or the "Company") (TSX VENTURE:ASN) announced today that the Vietnamese government issued a decree increasing effective June 16, 2008 the export tariff on a number of minerals, including nickel. The tariff on exports of nickel has increased from 5% to 20%. The Company is studying the decree in order to determine whether the new tariff regime would apply to exports of nickel concentrate by its 90% owned subsidiary Ban Phuc Nickel Mines Limited, which is currently building a mine expected to commence production in the first half of 2009, and if so, the impact of such increased tariff on the project.

Company Profile:

Asian Mineral Resources Limited is developing the Ban Phuc Nickel/Copper Project in north-western Vietnam in which it has a 90% interest. The Project is scheduled for commercial concentrate production in the first half of 2009.

For further details on the Company and the Project, please refer to the website at

Forward-Looking Statements

This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Asian Mineral Resources Limited are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Asian Mineral Resources Limited's expectations are disclosed under the heading "Risk Factors" and elsewhere in Asian Mineral Resources Limited documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities.

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