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TORONTO, ONTARIO -- (Marketwire) -- 02/15/13 -- Asian Mineral Resources Limited ("AMR") (TSX VENTURE: ASN) is pleased to announce that it has obtained a receipt for its final short form prospectus (the "Prospectus") filed with the securities regulatory authorities in the provinces British Columbia, Alberta, Ontario, Manitoba, Newfoundland, New Brunswick and Saskatchewan (the "Eligible Jurisdictions") in respect of its previously announced shareholder rights offering (the "Rights Offering") for gross proceeds of $12,500,000.

Each holder of record of AMR common shares ("Common Shares") as of the close of business February 28, 2013 (the "Record Date") will receive one right ("Right") for each Common Share held and every 2.10083 Rights will entitle the holder thereof to subscribe for one Common Share for $0.05 per share. The Rights may be exercised after March 5, 2013 and will expire at 4:00 p.m. (Toronto time) on March 26, 2013 (the "Expiration Date"). AMR shareholders that fully exercise their Rights will be entitled to subscribe on a pro rata basis for additional Common Shares, if available, that were not subscribed for by other Rights holders, on or before the Expiration Date.

AMR currently expects the Prospectus relating to the Rights Offering to be mailed to Shareholders eligible to participate in the Rights Offering by March 5, 2013 and the closing of the Rights Offering to occur on or about March 28, 2013. Shareholders who hold their Common Shares in a brokerage account or with a nominee should contact such broker or nominee in order to exercise their Rights.

The Rights Offering is being made only in the Eligible Jurisdictions and, subject to compliance with applicable law, certain other jurisdictions where such offering is permitted to be made. The Rights Offering is not an offering of Common Shares for sale in any jurisdiction outside the Eligible Jurisdictions. Holders of Rights outside of the Eligible Jurisdictions who wish to participate in the Rights Offering must establish to the satisfaction of AMR that the receipt by them of the Rights and the issuance to them of the Common Shares underlying the Rights will not be in violation of the laws of their jurisdiction of residence. Rights of holders resident in jurisdictions other than the Eligible Jurisdictions, who do not so satisfy AMR prior to 5:00 p.m. (Toronto time) on March 19, 2013, will be sold by Computershare Trust Company of Canada ("Computershare") on such date or dates and at such price or prices as Computershare shall determine in its sole discretion.

Further details concerning the Rights Offering and the procedures to be followed by holders are contained in the Prospectus available on www.sedar.com.

The TSX Venture Exchange ("TSXV") has conditionally approved the listing of the Rights and the Common Shares issuable upon exercise of the Rights on the TSXV. The approval of such listing is subject to AMR fulfilling all of the listing requirements of the TSXV. Trading of the rights will cease 12:00 p.m. (Toronto time) on the Expiration Date.

Technical Report Re-filed

In support of technical information contained in the Prospectus relating the Ban Phuc Nickel Project, AMR has today re-filed a National Instrument 43-101 compliant technical report on SEDAR at www.sedar.com.