Asian Mineral Resources Files Final Rights Offering Prospectus

TORONTO, ONTARIO--(Marketwire - Feb. 15, 2013) - Asian Mineral Resources Limited ("AMR") (TSX VENTURE:ASN) is pleased to announce that it has obtained a receipt for its final short form prospectus (the "Prospectus") filed with the securities regulatory authorities in the provinces British Columbia, Alberta, Ontario, Manitoba, Newfoundland, New Brunswick and Saskatchewan (the "Eligible Jurisdictions") in respect of its previously announced shareholder rights offering (the "Rights Offering") for gross proceeds of $12,500,000.

Each holder of record of AMR common shares ("Common Shares") as of the close of business February 28, 2013 (the "Record Date") will receive one right ("Right") for each Common Share held and every 2.10083 Rights will entitle the holder thereof to subscribe for one Common Share for $0.05 per share. The Rights may be exercised after March 5, 2013 and will expire at 4:00 p.m. (Toronto time) on March 26, 2013 (the "Expiration Date"). AMR shareholders that fully exercise their Rights will be entitled to subscribe on a pro rata basis for additional Common Shares, if available, that were not subscribed for by other Rights holders, on or before the Expiration Date.

AMR currently expects the Prospectus relating to the Rights Offering to be mailed to Shareholders eligible to participate in the Rights Offering by March 5, 2013 and the closing of the Rights Offering to occur on or about March 28, 2013. Shareholders who hold their Common Shares in a brokerage account or with a nominee should contact such broker or nominee in order to exercise their Rights.

The Rights Offering is being made only in the Eligible Jurisdictions and, subject to compliance with applicable law, certain other jurisdictions where such offering is permitted to be made. The Rights Offering is not an offering of Common Shares for sale in any jurisdiction outside the Eligible Jurisdictions. Holders of Rights outside of the Eligible Jurisdictions who wish to participate in the Rights Offering must establish to the satisfaction of AMR that the receipt by them of the Rights and the issuance to them of the Common Shares underlying the Rights will not be in violation of the laws of their jurisdiction of residence. Rights of holders resident in jurisdictions other than the Eligible Jurisdictions, who do not so satisfy AMR prior to 5:00 p.m. (Toronto time) on March 19, 2013, will be sold by Computershare Trust Company of Canada ("Computershare") on such date or dates and at such price or prices as Computershare shall determine in its sole discretion.

Further details concerning the Rights Offering and the procedures to be followed by holders are contained in the Prospectus available on www.sedar.com.

The TSX Venture Exchange ("TSXV") has conditionally approved the listing of the Rights and the Common Shares issuable upon exercise of the Rights on the TSXV. The approval of such listing is subject to AMR fulfilling all of the listing requirements of the TSXV. Trading of the rights will cease 12:00 p.m. (Toronto time) on the Expiration Date.

Technical Report Re-filed

In support of technical information contained in the Prospectus relating the Ban Phuc Nickel Project, AMR has today re-filed a National Instrument 43-101 compliant technical report on SEDAR at www.sedar.com.

Company Profile:

Asian Mineral Resources Limited is developing the Ban Phuc Nickel Project, located 160 km north-west of Hanoi in the Son La Province, which is 90% owned by its subsidiary Ban Phuc Nickel Mines LLC. The development of the project is in advanced stages, with underground and surface infrastructure near completion and commercial production expected to occur by June 2013. For further details on AMR and the Ban Phuc Nickel Project, please refer to AMR's website at www.asianminres.com.

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 the expected benefits of the transaction, and the completion of the transactions described in this press release, the expected timing for the filing and mailing of the Prospectus, completion of the project, the commencement of commercial production and the achievement of expected benefits, potential mineralization and reserves, exploration results and future plans and objectives of AMR are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of AMR to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Important factors that could cause actual results to differ materially from AMR's expectations are disclosed under the heading "Risk Factors" in AMR's Annual Information Form, in the Prospectus and elsewhere in AMR's documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities. Such forward-looking statements are based on a number of material factors and assumptions, including: no disruption in postal services, that conditions to the Rights Offering will be satisfied, estimated cost to bring the Ban Phuc Nickel mine into commercial production, that contracted parties provide goods and/or services on the agreed timeframes; that on-going contractual negotiations will be successful and progress and/or be completed in a timely manner; that application for permits and licences will be granted/obtained in a timely manner; that no unusual geological or technical problems occur; that plant and equipment work as anticipated and that there is no material adverse change in the price of nickel. Although AMR has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this press release. AMR disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements due to the inherent uncertainty therein.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein in the United States or to or for the account or benefit of a U.S. person (a "U.S. Person"), as defined under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or a person in the United States. The securities described herein have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States or to or for the account or benefit of a U.S. Person or a person in the United States absent registration under the U.S. Securities Act and applicable state securities laws, or absent an available exemption from such registration requirements.