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Asian Mineral Resources Limited: Asian Mineral Resources Option Awards

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^{Published in Business and Finance on Thursday, August 13th 2009 at 9:54 GMT, Last Modified on 2009-08-13 09:54:39 by Market Wire}  

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2009) - Asian Mineral Resources Limited (the "Company") (TSX VENTURE:ASN) announced today:

- Mr. Robert Guest, the Company's President & CEO, has surrendered the 950,000 options previously granted to him of which 500,000 had vested and 450,000 had not, and has been awarded 1,100,000 options exercisable at $0.11 per share of which 555,000 have vested and the remainder will vest in two equal tranches on the occurrence of stated events linked to the Company's Ban Phuc project

- other employees have been awarded a total of 1,450,000 options exercisable at $0.11 a share of which a total of 725,000 shares have vested and the remainder will vest in two equal tranches on the first and second anniversaries of the date of grant.

"The surrender by Mr. Guest of his originally granted options, their replacement with at-the-market options and the grant of at-the-market options to other employees has been done with the objective of creating the incentives stock options are intended to achieve for employees to remain with the Company and to help it achieve its business objectives" commented Jim Askew, Chairman of the Board.

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 ].

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.