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Asian Mineral Resources Limited
TSX VENTURE:	ASN

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November 3, 2008
Asian Mineral Resources Limited-Revised Corporate Strategy
TORONTO, ONTARIO--(Marketwire - Nov. 3, 2008) - Asian Mineral Resources Limited ("AMR" or the "Company") (TSX VENTURE:ASN) announced today that it has adopted a corporate and operating strategy whereby: - Most of the activity being undertaken at the Company's Ban Phuc Nickel Project, with the objective of a spring 2009 start-up, will be suspended. - The Project (including a recently completed vertical ore pass) will be placed on a care and maintenance basis. - Expenditures will be reduced to preserve corporate functionality and existence until mid-2009 without additional cash infusion other than a substantial VAT refund. - The Project model will be revised to reflect a later start-up date and other considerations. - Discussions will continue with the Vietnamese government regarding a number of issues and with potential providers of the finance required for Project completion and other activities. "While we are disappointed not to be in a position to proceed with Ban Phuc Project development and other activities as originally planned, we are in the fortunate position of having sufficient cash resources to implement the new strategy," commented Mr. Collin Ellison, the President of AMR. "We have been impacted adversely by factors affecting mineral project development worldwide and also by issues specific to Vietnam that require resolution if we are to achieve our original objectives. We and our Vietnamese joint venture partner, Coxama, will be meeting shortly to discuss the implementation of the new strategy as it relates to the Ban Phuc Project." 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.

CONTACT INFORMATION:

Asian Mineral Resources Limited
Collin Ellison
President
(416) 360-3412
Fax: (416) 367-1954

or

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

INDUSTRY: Manufacturing and Production - Mining and Metals

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Asian Mineral Resources Limited

	EXPLORATION STAGE
	CODE : ASN.V
	ISIN : CA0451731016
	CUSIP : 045173101

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Asian Mineral Res. is a nickel and copper development stage company based in Canada.

Its main exploration property is BANPHUC in Vietnam.

Asian Mineral Res. is listed in Canada. Its market capitalisation is CA$ 236.7 millions as of today (US$ 178.9 millions, € 151.9 millions).

Its stock quote reached its highest recent level on June 22, 2007 at CA$ 3.00, and its lowest recent point on September 06, 2018 at CA$ 0.01.

Asian Mineral Res. has 788 920 000 shares outstanding.

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Asian Mineral Resources Limited

Revised Corporate Strategy

Asian Mineral Resources Limited