ASN Asian Mineral Resources Ltd

Asian Mineral Resources Limited ("AMR" or the "Company") (TSX VENTURE:ASN) is
pleased to announce that its subsidiary, Ban Phuc Nickel Mines LLC ("BPNM") has
been awarded a mineral exploration license ("Exploration License") which
provides for the exploration of nickel-copper mineralisation over a significant
area around its operating Ban Phuc nickel mine in Son La, Vietnam.


Highlights of Exploration License



--  Provides BPNM with exclusive rights to explore within 49.7 km2 of La
    province, Vietnam. 
--  Immediate focus on targeted extensions to the currently operating Ban
    Phuc mine. 
--  Encompasses multiple high-priority targets already identified and well
    understood by BPNM through its extensive surface exploration programme. 
--  Following successful exploration, allows BPNM to apply for and obtain
    additional mining licences with no auction requirements (subject to
    positive feasibility and EIA). 



Evan Spencer, Chief Executive Officer of AMR, said: "The award of the
Exploration License is an exciting step in the Company's strategy to become a
multi-mine nickel sulphide producer, building from its strategic position in the
Song Da rift zone.


It enables us to immediately pursue not only a drill programme targeting
extensions to the Ban Phuc massive sulphide deposit, extending the life of the
existing operations, but also a drill programme on high-priority regional
targets which may support new stand-alone mines, including the high-potential
Suoi Phang/Ban Mong system.


Both the extension of the current operation and the multiple walk-up exploration
targets capable of hosting additional standalone mines further underpin AMR's
plans to construct a nickel smelter in Son La, and realize the enhanced project
economics it delivers."


The Exploration Licence is valid for a period of four years, with the right to
extend for two subsequent two-year periods. Furthermore, in an official letter
issued by the Vietnam Government Office on 24 December 2013, BPNM was awarded
in-principle exploration rights and exemption from auction requirements over
areas covering a total of 99 km2 within Son La province.


AMR Geological Setting

The operating Ban Phuc nickel mine and AMR's Exploration Licence areas are
located within the Song Da rift zone. The Song Da rift has a geological setting
which is strongly analogous to other major nickel sulphide camps, already
supports two operating nickel mines (Ban Phuc and the Baimazhai mine located ca.
250 km to the North West and formed in the same geological event as Ban Phuc)
and has numerous identified nickel occurrences.


Additional favorable aspects of Ban Phuc and the surrounding area include:



1.  Localisation within the major deep crustal rift zone (Song Da rift)
    separating the Indochina and Yangtze cratons; 
2.  Localization in the axial zone of a significant domal feature (the Ta
    Khoa anticline); and 
3.  An emplacement age penecontemporaneous with the giant Siberian Traps and
    associated Norilsk-Talnakh nickel-copper-platinum group element ("PGE")
    deposits. 



The combination of these factors, and the demonstrated presence of a number of
magmatic Ni-Cu-PGE occurrences within the Ta Khoa anticline, all indicate the
potential for AMR's strategic concession areas to support a new nickel camp.


To view "Figure 1. Song Da Rift Zone Geological Setting" please visit the
following link: http://media3.marketwire.com/docs/AMR-Figure1-7152014.jpg 


AMR Exploration Programme

Over recent years, AMR has maintained a dedicated exploration team which has
conducted extensive surface exploration throughout the prolific Song Da rift
zone. This exploration work has resulted in a number of well-defined targets.


AMR will immediately commence a focused exploration programme with three aims:



1.  Extend the life of the existing Ban Phuc operation; 
2.  Explore the, already well understood, Suoi Phang/Ban Mong system; and 
3.  Demonstrate the potential of new stand-alone mines in the region. 



To view "Figure 2. AMR Exploration Licence and High-Priority Targets" please
visit the following link:
http://media3.marketwire.com/docs/AMR-Figure2-7152014.jpg 


Ban Phuc Extension

Through a strategic ranking process AMR has identified several opportunities to
extend the life of the existing Ban Phuc operations. The extension targets are
all located in close proximity to the Ban Phuc processing plant, and include:




--  Ban Phuc Massive Sulphide Vein ("MSV") Extension: The Ban Phuc MSV
    remains open at depth and to the east. A drill plan has been developed
    with the aim of quickly defining direct extensions to the ore body
    currently being mined by AMR. 
--  Kingsnake: An MSV deposit which has already undergone some exploration
    drilling and is located 1km from the Ban Phuc processing plant. 
--  Ban Khoa: A Ban Phuc look-alike, comprising a significant intrusive body
    and disseminated zone defined by both drilling and magnetics, and an
    untested EM conductor in similar association to the massive sulphide
    body at Ban Phuc. 
--  Select Disseminated: A large, well-understood disseminated ore body
    located directly adjacent to the Ban Phuc MSV. Studies are already
    underway with the objective of blending select, high-grade portions of
    disseminated sulphides which are accessible from the existing
    underground infrastructure associated with the currently operating mine.



The following diagram depicts the locations of initial drill holes focused on
defining immediate depth extensions to the Ban Phuc MSV. 


To view "Figure 3. Initial Ban Phuc MSV Extensional Drilling Targets" please
visit the following link:
http://media3.marketwire.com/docs/AMR-Figure3-715-2014.jpg  


Suoi Phang/Ban Mong System

The Suoi Phang/Ban Mong system is located 12 km in a direct line from Ban Phuc
and is one of AMR's immediate regional targets.


Exploration work undertaken to date has identified two significant MSV
outcroppings which, if demonstrated to connect at depth, would represent a
system with a strike length of over 4 km.


Rock chip samples from the multiple outcrops associated with these MSV deposits
demonstrate nickel grades of over 5%, plus material PGE occurrences. The Ban
Mong deposit has also been intercepted by historic exploration adit, with MSV
grades of up to 6.6% nickel sampled from within the adit.


To view "Figure 4. Suoi Phang/Ban Mong System" please visit the following link:
http://media3.marketwire.com/docs/AMR-Figure4-7152014.jpg 


Regional Targets

Beyond the immediate proximity of Ban Phuc and Suoi Phange/Ban Mong, AMR has
also identified a number of exploration targets with the potential to support
additional stand-alone mining operations. The experience gained through the
operation of the Ban Phuc mine and processing plant positions AMR well to
quickly develop a pipeline of additional nickel sulphide mines from its
strategic licence areas.


A number of other regional targets exist, including:



--  Ban Khang: Surface exploration has indicated Ni-Cu-PGE mineralization in
    rock chip samples, and significant untested EM anomalies have been
    identified coincident with this deposit and nearby dykes. 
--  Ban Trang: A dyke-like body dominated by pyroxenites within a high
    strain zone. Elevated PGE contents support a magmatic origin for the
    sulphide. 
--  Suoi Tao: Differentiated mafic-ultramafic rocks which have intruded Ban
    Mong and Sap Viet Horizon sediments in a tectonically favourable part of
    the Ta Khoa anticline. Drilling and rock chipping has identified
    magmatic, disseminated Ni-Cu-PGE sulphides. 
--  Suoi Hao: Mafic-ultramafic sills with evidence of ductile deformation,
    associated with marble and pelites of the Ban Tang Horizon. The
    intrusives contain both massive and disseminated sulphides with a
    magmatic signature, the former intersected in drill core. 
--  Adit 7: An exploration adit which demonstrates a magmatic semi-massive
    sulphide deposit associated with an altered ultramafic dyke. 
--  Others: Other areas with early stage indications of mineralization that
    may be considered further during exploration include Ban Bo, Ban Chang
    and Co Muong. 



Nickel Smelter Development

The issuance of the Exploration License further supports AMR's plan to construct
a nickel smelter in Vietnam. As previously announced on 10 January 2013, the
construction of a smelter would enable AMR to significantly enhance the
economics of Ban Phuc and future regional mines by substantially reducing export
tariffs (currently an export tariff of 20% applies to nickel concentrate
compared to a tariff of 5% for nickel matte). Further to the improved fiscal
conditions, AMR would also benefit from significantly reduced transportation
costs.


Initial engineering studies have already been completed indicating low capital
costs for a smelter facility at Ban Phuc. AMR intends to proceed with further
feasibility work and will provide additional updates as appropriate.


Company Profile

AMR is one of the few new sources of nickel sulphide supply globally. AMR
commenced commercial production from its Ban Phuc nickel project in Vietnam in
mid-2013. The Ban Phuc project currently produces over 6,400 tonnes of nickel
and 3,200 tonnes of copper per annum contained in concentrate, plus a cobalt
by-product.


In addition to in and near-mine expansion projects, Ban Phuc provides a
cash-generative operating platform from which AMR can continue to focus on
developing a new nickel camp within its 150km2 of concessions located throughout
the highly-prolific Song Da rift zone, where AMR has a number of advanced-stage
nickel exploration targets.


For further details on AMR, please refer to the technical report entitled "NI
43-101 Technical Report - Ban Phuc Nickel Project" dated February 15, 2013
available on SEDAR or the AMR website www.asianmineralres.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 completion of the project, the
commencement of production and the achievement of expected benefits, potential
mineralization and reserve and resource estimates, 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, 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:
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.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Asian Mineral Resources Limited
Paula Kember
Corporate Secretary
+1 (416) 360-3412

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