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Asian Mineral Resources Limited: Asian Mineral Resources: Appoints New CEO

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  Published in Business and Finance on Wednesday, March 18th 2009 at 12:53 GMT, Last Modified on 2009-03-18 12:54:25 by Market Wire
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TORONTO, ONTARIO--(Marketwire - March 18, 2009) - Asian Mineral Resources Limited ("AMR" or the "Company") (TSX VENTURE:ASN) announced today the resignations of Collin Ellison as President and CEO and as a director of the Company and the appointment of Robert Guest to replace him as President and CEO. Mr. Guest has been the General Manager of Ban Phuc Nickel Mines, based in Hanoi, since March 2007. In making the announcement Jim Askew, Chairman of the Company, commented "We would like to thank Collin for his contribution and we wish him well in his future endeavors. Events and circumstances affecting the world economy and the Company itself resulted in delaying completion of our Ban Phuc Project and the need to conserve cash so AMR can survive. Collin's successor, Rob Guest, has overseen development of the Ban Phuc Project since construction commenced, and is fully engaged in discussions with the Government agencies in resolving a number of issues whose resolution is an important pre-condition to the successful completion of construction of 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. For further details on the Company and the Project, please refer to the 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 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.

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