TORONTO, ONTARIO--(Marketwire - July 30, 2010) - 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).

"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

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.