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Asian Mineral Resources Limited: Asian Mineral Resources Announces Proposed Private Placement

^{Published on 2009-05-29 07:15:30, Last Modified on 2009-05-29 07:16:05 - Market Wire}
 

TORONTO, ONTARIO--(Marketwire - May 29, 2009) - Asian Mineral Resources Limited (the "Company") (TSX VENTURE:ASN) announced today its intention to complete a private placement of common shares at $0.09 per share for gross proceeds of a maximum of between Cdn $3 and $5 million. The purchasers will be existing shareholders of the Company, including insiders. Finalization of the transaction is subject to the negotiation of definitive documentation and the receipt of TSX Venture Exchange approval for the private placement.

Company Profile:

Asian Mineral Resources Limited is developing the Ban Phuc Nickel/Copper Project in Vietnam 5 hours drive north-west of Hanoi 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 ] or contact:

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.