Malaysia Smelting Corporation Berhad ("MSC") announced today that it has
exercised its outstanding warrants and acquired an additional 6,799,999 common
shares of Asian Mineral Resources Limited ("AMR") at an exercise price of
Cdn$2.10 per common share. The warrants were issued in December 2007 when MSC
made its initial Cdn$20 million investment in AMR common shares. Following the
exercise of the warrants, MSC owns 18,228,570 common shares of AMR representing
approximately 19.0% of AMR's outstanding common shares and is also entitled to
nominate one member to the board of directors of AMR. As previously disclosed,
MSC will also be entitled, for a period of two years, to increase its ownership
level to not more than 19.9% and to participate in future equity offerings in
order to maintain its ownership position.


MSC is acquiring the additional AMR common shares for investment purposes. MSC
will review its investment in AMR common shares on a continuing basis and its
holdings may be increased or decreased in the future.
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