Asian Mineral Resources will sell 1,375,150 common shares at $2 a share to fund further development of its Ban Phuc nickel project in northern Vietnam.

A portion of the $2,750,000 proceeds will also be used by Asian Mineral Resources for general working capital purposes.

The buyers include Asian Lion and Dragon Capital Management of Vietnam. The additional investment by Dragon will maintain their investment at 19.4% of the issued and outstanding shares of the company.

Asian Mineral Resources president and CEO Robert Thomson says: "We are pleased that the highly regarded Asian Lion fund has decided to make an initial investment in our company and that Dragon continues to maintain its holdings as we move forward with the development of our Ban Phuc project.

"Both funds specialize in investing in mineral sector opportunities in the region and their support for the Ban Phuc nickel project reinforces the company's commitment to its development."

Asian Mineral Resources Limited is engaged in the exploration and development of the the Ban Phuc Nickel Project located in Vietnam which it now has a 90% interest.

The project is part of a granted Foreign Investment Licence covering 150sqkm of highly prospective ultramafic hosted nickel occurrences. www.asianminres.com