Central Asian Minerals and Resources PLC

October 31, 2012 03:00 ET

First Drill Results and Awarding of Contract to BJ Drilling of Kyrgystan


                                                                                            31 October 2012

                                 Central Asian Minerals and Resources Plc
                                        ("CAMAR" or the "Company")
 First Drill Results and Awarding of Contract to BJ Drilling of Kyrgystan for 20,000 Meter Drill Programme

CAMAR, a gold production and exploration company with assets in Tajikistan, is pleased to announce that the
first exploration core drill-hole from the Aprelevka East area showed results of 44 meters assaying gold at
4.47 grams/tonne Au. The 44 meter intercept included 14 m of 14.00 g/t Au. Assays ranged from 0.008 g/t  Au
to as high as 102 g/t Au. The first core hole ended in 0.338 g/t gold mineralization at the 122m mark.

Silver values range from less than 1 g/t Ag to over 100 g/t Ag, the average being approximately 7.5 g/t  Ag
over the 44 m.

Highlights of the Main Zone:
A 14m intercept of Hole nr. APV-12-C01
Sample ID                Interval         Au1, g/t    Ag, g/t
APV-12-C01-108-109       108-109          1.18        3.4
APV-12-C01-109-110       109-110          18.3        20.4
APV-12-C01-110-111       110-111          11.5        45.0
APV-12-C01-111-112       111-112          102         >100.0
APV-12-C01-112-113       112-113          26.3        >100.0
APV-12-C01-113-114       113-114          8.51        25.1
APV-12-C01-114-115       114-115          3.26        23.6
APV-12-C01-115-116       115-116          0.805       18.4
APV-12-C01-116-117       116-117          1.92        25.3
APV-12-C01-117-118       117-118          16.9        >100.0
APV-12-C01-118-119       118-119          2.12        59.0
APV-12-C01-119-120       119-120          2.30        42.7
APV-12-C01-120-121       120-121          0.580       6.1
APV-12-C01-121-122       121-122          0.388       6.7

1.      the assays were completed by ALX, an accredited lab, located in Kyrgystan; and
2.      the core hole intercept was not calculated for true widths at this time.
These  results confirm the data in reports from earlier Soviet exploration efforts. CAMAR will continue  to
work within the Aprelevka East area and has defined an initial 20,000 meter programme.

CAMAR  together with their Tajik Government partners in the Aprelevka Joint Venture has engaged BJ Drilling
Limited,  of  Bishkek, Kyrgystan, to perform the drilling programme at Aprelevka East.  The  drilling  will
commence within the next two weeks.

Jim  Yeager, CAMAR's Exploration Manager onsite at Aprelevka, commented "These initial assay drill  results
are very encouraging and we are very pleased to have engaged BJ Drilling Limited for the drill programme as
this will expedite the progress of our exploration efforts."

This  Press  Release has been reviewed and approved by Robert S. (Steve) Friberg of Reno,  Nevada,  CAMAR's
consulting geologist and Qualified Person (QP).

Central Asian Minerals and Resources PLC ("CAMAR"), through its wholly owned subsidiary, Gulf International
Minerals  Limited,  owns a 49 per cent. interest in the joint venture mining company, Aprelevka,  which  is
licensed  to operate and is currently operating the Aprelevka gold mine in Tajikistan. The other  party  to
the  joint  venture is the Ministry of Energy and Industry of the Republic of Tajikistan. The mining  areas
where  Aprelevka  is licensed to operate are at Aprelevka itself, Burgunda, Kizil-Cheku, Ikkijilon,  Dashti
(formerly  called Stepnoye) and the Kansai concentrating facility and nearby mill tailings.  CAMAR  intends
that Aprelevka will, in due course, apply for additional mining licenses in areas contiguous to the current
license areas.

The Directors of CAMAR are responsible for the contents of this announcement.


Central Asian Minerals and Resources PLC                                          01624 679 000
Oliver Vaughan/R. David Russell/Maria Christine Melian

St Helens Capital Partners LLP                                                    020 7368 6959
Mark Anwyl/Duncan Vasey

Threadneedle Communications                                                       020 7653 9850
Graham Herring/Richard Gotla

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