Asian Mineral Resources Limited ("AMR") (TSX VENTURE:ASN) announced today an
increase in the massive sulphide Ni/Cu reserves at its Ban Phuc project in north
western Vietnam. The 36,000t of nickel estimated to be contained in the proven
and probable reserves is an increase of 12,000t Ni (+50%) over previously
reported estimates. The estimated contained copper has also increased by 6,000t
(+60%) and now stands at 16,000t (Table 1).




Table 1: Ban Phuc Project Reserve Statement                                 
----------------------------------------------------------------------------
                    Ban Phuc - Massive Sulphide Reserves                    
----------------------------------------------------------------------------
          Tonnes      Ni      Cu      Co   Contained   Contained   Contained
Category    (MT)     (%)     (%)     (%)      Nickel      Copper      Cobalt
                                             (000't)     (000't)     (000't)
----------------------------------------------------------------------------
Proven      0.71     2.4     1.0    0.06          17           7         0.4
----------------------------------------------------------------------------
Probable    0.91     2.1     1.0    0.04          19           9         0.4
----------------------------------------------------------------------------
Total       1.62     2.2     1.0    0.05          36          16         0.8
----------------------------------------------------------------------------
The Qualified Person for the new reserve estimate and National Instrument   
43-101 compliance is Chris Desoe, BE (Mining), Member of the Australasian   
Institute of Mining and Metallurgy (MAusIMM), Member Mineral Industry       
Consultants Association, of Australian Mine Design and Development Pty Ltd  
(AMDAD). Mr. Desoe 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. Mr. Desoe consents to the inclusion of such information in this news
release in the form and context in which it appears.                        



"This result further demonstrates the potential of our Ban Phuc asset and comes
on the back a successful campaign targeted at improving project value. The
increase in reserves will have a major impact on the project economics and will
afford us the flexibility to increase mine output to take advantage of spare
capacity in the current Ban Phuc process plant design. We expect this will
translate to a significant increase in annual metal production" commented Rob
Guest, CEO of AMR.


The experience gained during the development of the two portals (Figure 1) and
the exposure of the orebody on two separate horizons provided valuable insight
into the geology and ground conditions that can be expected during production
and this, together with the increased confidence in the resource, precipitated a
review of the mine design. Geotechnical studies concluded that the level spacing
could be increased from 15m to 20m. In addition the success of the strike
drilling program, which confirmed that the deposit is open down dip to the west
led to a repositioning of the lower access decline to optimize tramming
distances and improve productivity (Figure 2).


To view Figure 1: Massive sulphide reserves, current infrastructure in red,
proximity of "Select" disseminated - Plan View, please visit the following link
- http://media3.marketwire.com/docs/asn10730.pdf


To view Figure 2: Massive sulphide reserves (green & blue), current (red) and
design infrastructure - Long Section, please visit the following link -
http://media3.marketwire.com/docs/asn20730.pdf




Quality Assurance and Contributing Experts                                  
----------------------------------------------------------------------------
EXPERT PERSON / COMPANY       AREA OF EXPERTISE                             
----------------------------------------------------------------------------
Dr Bielin Shi                 Geological modeling, resource modeling,       
(CSA Global Pty Ltd)          resource estimate. See Press Release 9 June   
                              2010.                                         
----------------------------------------------------------------------------
Robert Bertuzzi               Underground stope pillar, and crown pillar    
(Pells Sullivan Meynink)      sizes, geotechnical, and expected dilution    
                              estimates.                                    
----------------------------------------------------------------------------
Doug Parbery                  Underground operations including methods of   
(AMDAD)                       mining, dilution/loss, mining inventory       
                              estimate. Underground design, schedules and   
                              estimation of mineral reserves tons and grade.
----------------------------------------------------------------------------
Robert Guest                  Operating costs, process assumptions, metal   
(AMR/Ban Phuc Nickel Mines)   prices, selling costs, assessment of project  
                              viability based on life of mine schedule.     
----------------------------------------------------------------------------
The technical information supplied to AMDAD was reviewed by Simon Mottram,  
MAusIMM and an AMR employee. Mr. Mottram is a Qualified Person as defined by
National Instrument 43-101. F or 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.                  



Company Profile:

Asian Mineral Resources Limited operates in Vietnam through its 90% owned
Vietnam subsidiary Ban Phuc Nickel Mines LLC which 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 work can recommence once funding has been
secured. For further information, please refer to the company 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.
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