Asian Mineral Resources Limited ("AMR") (TSX VENTURE:ASN) is pleased to announce
an increase in the resource at its Ban Phuc nickel-copper project in north
western Vietnam. 


The contained nickel in the massive sulphide deposit in the Measured and
Indicated categories has increased by approximately 13,000t (approx. 40%) above
the previous (February 2009) estimate.


The increase is principally a result of drilling designed to test and better
define the western section of the deposit at depth with the majority of this new
resource reporting to the Indicated category. In addition, data derived from
underground stope definition drilling and channel sampling of new massive
sulphide exposures in underground development (reported in Oct 09) resulted in a
significant movement of resources from Inferred into the Indicated category
adding further to the confidence in the resource. Together these changes
produced an increase in the Measured + Indicated Mineral Resource of
approximately 13,000t of contained Ni and 6,000t of contained Cu. The remaining
inventory of the Inferred Mineral Resource has reduced by approximately 5,000t
of Ni and 3,000t of contained Cu in comparison with previous (February 2009)
estimate. 


"In addition to the confirmation of down dip extension of the massive sulphide
deposit, the conversion of existing Inferred resource into the Indicated
category is most encouraging and will have a positive impact on the mine
reserves and project life" commented Rob Guest, CEO of AMR.




The following table summarizes the new resource estimate:                   
                                                                            
----------------------------------------------------------------------------
                Ban Phuc Massive Sulphide Resource Estimate                 
                       Using a cut off of 0.40% nickel                      
----------------------------------------------------------------------------
Category          Tonnes     Ni     Cu     Co    Nickel     Copper    Cobalt
                  (000')    (%)    (%)    (%)       (t)        (t)       (t)
----------------------------------------------------------------------------
Measured             730   2.78   1.16   0.07    20,385      8,481       528
----------------------------------------------------------------------------
Indicated            960   2.60   1.22   0.06    24,943     11,662       537
----------------------------------------------------------------------------
Meas + Ind         1,690   2.68   1.19   0.06    45,328     20,143     1,064
----------------------------------------------------------------------------
Inferred             170   1.94   0.80   0.03     3,303      1,361        55
----------------------------------------------------------------------------
The Qualified Person for the new estimate and National Instrument 43-101    
compliance is Dr Bielin Shi, Member of the Australasian Institute of Mining 
and Metallurgy (MAusIMM), of CSA Global - Perth, Australia. Dr. Shi has     
sufficient experience which is relevant to the style of mineralization and  
type of deposit under consideration, and to the activity he is undertaking, 
to act as a Qualified Person as defined by NI 43-101. Dr Shi consents to the
inclusion of such information in this news release in the form and context  
in which it appears.                                                        



Company Profile:

Asian Mineral Resources Limited has been active in Vietnam since 1993 and
through its 90% owned Vietnam subsidiary Ban Phuc Nickel Mines LLC is developing
the Ban Phuc sulphide deposit in Son La province 5 hours drive north-west of
Hanoi. Construction of the project, which is targeting the production of
60,000tpa of concentrate containing nickel/copper/cobalt was suspended in
October 2008 when metal prices were under pressure from the world financial
crisis. With over 1,000m of u/g development and 80% of all plant equipment
purchased, the project is approximately 65% complete and is currently under care
& maintenance pending receipt of funding to complete construction. For further
information, please refer to the company website at www.asianminres.com. 


Quality Assurance

The technical information supplied to CSA was reviewed by Simon Mottram, Member
of the AusIMM and an AMR employee. Mr. Mottram is a Qualified Person as defined
by National Instrument 43-101. For more detailed information regarding the Ban
Phuc massive sulphide deposit please refer to Technical report (NI 43-101) -
English - August 2007, that can be found at www.sedar.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.
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