Closing of $5,500,000 Strategic Investment by Melior Resources Inc. in Asian Mineral Resources Limited

Asian Mineral Resources Limited ("AMR") (TSX VENTURE:ASN) and Melior Resources
Inc. ("Melior") (TSX VENTURE:MLR) announced today that they have completed the
previously announced strategic investment by Melior in AMR whereby Melior
purchased 50,000,000 common shares of AMR (the "AMR Shares") at CDN$0.11 per AMR
Share for total consideration of CDN$5,500,000 (the "Strategic Investment").


All securities issued to Melior pursuant to the closing of the Strategic
Investment will be subject to a four-month statutory hold period, which will
expire on October 30, 2012.


Concurrent with the completion of the Strategic Investment, AMR and Melior have
also entered into an investor rights agreement pursuant to which AMR has granted
Melior the right to designate one nominee to be appointed to the Board of
Directors of AMR. After closing of the Strategic Investment, Melior owns and
controls, directly and indirectly, a total of 50,000,000 AMR Shares representing
approximately 13.8% of the issued and outstanding AMR Shares on an undiluted
basis. The AMR Shares were acquired by Melior under a private placement from AMR
for investment purposes and Melior may increase or decrease its investment in
AMR depending upon future market conditions. For the issuance of the AMR Shares,
AMR and Melior relied on the minimum amount investment exemption under Section
2.10 of National Instrument 45-106 Prospectus and Registration Exemptions.
Melior's address is 120 Adelaide Street West, Suite 2500, Toronto, ON M5H 1T1.

Melior Resources (TSXV:MLR)
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