Asian Mineral Resources Limited Announces Amendment to Agreement With Pala Investments Holdings Limited

TORONTO, ONTARIO -- (Marketwire) -- 04/04/12 -- Asian Mineral Resources Limited ("AMR" or the "Corporation") (TSX VENTURE: ASN) announced today that the Subscription Agreement it entered into with Pala Investments Holdings Limited ("Pala") as previously announced on March 1, 2012 has been amended to provide that:

--  the number of Units to be purchased by Pala has been increased from
    71,666,667 to 108,333,333 and the aggregate subscription price has
    increased from $4,300,000 to $6,500,000;

--  accordingly the number of Warrants has been increased to entitle Pala to
    purchase up to 54,166,667 common shares for $0.10 a share; and

--  Pala's due diligence period has been extended until April 18, 2012; and

--  the outside closing date has been extended to July 31, 2012.

Corresponding amendments have been made to the other agreements described in the Corporation's press release dated March 1, 2012. Following completion of the transactions Pala will own 157,814,933 common shares representing 50.7% of the Corporation's outstanding share capital (57.7% on a fully diluted basis).

The amendment to the Subscription Agreement has been posted on SEDAR at www.sedar.com.

Company Profile

Asian Mineral Resources Limited is developing the Ban Phuc Nickel/Copper Project in Vietnam, a 5 hour 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 completion of the transactions described in this press release and the achievement of expected benefits, 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.

Contacts:

Asian Mineral Resources Limited

Paula Kember

CFO

(416) 360-3412

(416) 367-1954 (FAX)
info@asianminres.com
www.asianminres.com