ASN Asian Mineral Resources Ltd

Asian Mineral Resources Limited (TSX VENTURE:ASN) has granted common shares
options pursuant to its 2007 Stock Option Plan (the "Options") to certain of its
directors as compensation for directors' fees in lieu of cash payment for
services to be performed between January 1 and June 30, 2014. The Options are
exercisable at $0.08 per share, expire on February 1, 2019 and vest in equal
tranches on March 31, 2014 and June 30, 2014. The Options were granted as
follows: 714,242 Options to Jan Castro; 536,682 Options to Michael Brown; and
400,252 Options to Stephen Gill. Share compensation agreements with these
directors as previously announced in press releases dated July 2, 2013 and July
11, 2013, have been terminated. 


The Company also granted 2,000,000 Options to its Chief Executive Officer, Evan
Spencer. The Options are exercisable at $0.08 per share, expire on February 1,
2019 and vest in four equal tranches of 500,000 Options on each of March 31,
2014, June 30, 2014, September 30, 2014 and December 31, 2014.


On August 14, 2013 the TSXV amended the minimum exercise price pursuant to which
stock options could be granted to $0.05 from its previous minimum exercise price
of $0.10. On the basis of this change in regulation, the Company is amending the
exercise price on 7,613,308 Options granted to employees and directors during
2013. In particular the following options have been amended such that the
exercise price is reduced from $0.10 to $0.05: i) 1,000,000 Options of Director
Stephen Gill; ii) 1,613,605 Options of Director Robin Widdup, 499,862 Options of
Director James Askew and 599,841 Options of Director Christopher Castle
(announced by press release on October 24, 2013); and iii) 2,000,000 Options of
Chief Financial Officer John Tasovac and 400,000 Options of Corporate Secretary
Paula Kember (announced by press release on August 23, 2013).


The Company is eligible to issue up to 10% of its issued and outstanding common
shares at the applicable time under its stock option plan and there are
24,267,957 common shares of the Company reserved for issuance.


Company Profile:

Asian Mineral Resources Limited is a Canadian TSX-V listed company with a nickel
producing mine, the Ban Phuc Nickel Project, located 160 km north-west of Hanoi
in Son La Province, Vietnam. The project produces a high-quality nickel
concentrate, with a significant copper by-product. For further details on the
Ban Phuc Nickel Project and AMR, please refer to the technical report entitled
"NI 43-101 Technical Report - Ban Phuc Nickel Project" dated February 15, 2013
available on SEDAR, and also visit 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 completion of the project and the
achievement of expected benefits, potential mineralization and reserves,
exploration results and future plans and objectives of AMR 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
AMR's expectations are disclosed under the heading "Risk Factors" in AMR's
Annual Information Form and elsewhere in AMR's documents filed from time-to-time
with the TSX Venture Exchange and other regulatory authorities. Forward-looking
statements are qualified entirely by this cautionary statement and are given
only as at the date of this press release. AMR disclaims any obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Asian Mineral Resources Limited
Paula Kember
Corporate Secretary
+1 (416) 360-3412
www.asianminres.com

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