Asian Mineral Resources Limited-Ban Phuc Project Suspension

TORONTO, ONTARIO--(Marketwire - Sept. 26, 2008) - Asian Mineral Resources Limited ("AMR" or the "Company") (TSX VENTURE: ASN.V) announced today that development activities on the Company's Ban Phuc nickel project will be suspended effective October 1, 2008. The Company has been unable, as the result of a combination of factors, including current market conditions and uncertainties regarding Vietnamese government policies on nickel concentrate exports, export tariffs, royalties and taxes, to obtain commitments to provide the financing required for project completion so as to permit work to continue as scheduled. The suspension will be implemented in a manner designed to maximize the value of expenditures to date, maximize cash conservation, minimize the costs of project completion on a delayed basis and provide AMR with a sufficient opportunity to resolve the various Vietnamese issues and to continue discussions and negotiations with potential providers of the required finance, including major shareholders.

"We are obviously disappointed not to be able to proceed with planned Ban Phuc development to achieve start-up with first production scheduled for June 2009," commented Mr. Collin Ellison, the President of AMR, "but prudence dictated that we suspend development and conserve enough of our remaining financial resources to give us time to deal with various issues and to continue our financing efforts. We still have a robust project that lacks only the ingredients of financing and the resolution of the Vietnamese issues we have identified in a manner that benefits both parties."

Company Profile:

Asian Mineral Resources Limited is developing the Ban Phuc Nickel/Copper Project in north-western Vietnam 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 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

Collin Ellison
Asian Mineral Resources Limited
President
(416) 360-3412

Paula Kember
Asian Mineral Resources Limited
CFO
(416) 360-3412
(416) 367-1954 (FAX)
Email: info@asianminres.com
Website: www.asianminres.com