|By Marketwire .||
|October 2, 2012 01:22 AM EDT||
TORONTO, ONTARIO -- (Marketwire) -- 10/02/12 -- Asian Mineral Resources Limited ("AMR") (TSX VENTURE:ASN) is pleased to announce today that Mr. Simon Booth will assume the role of President and Chief Executive Officer of AMR with immediate effect. Mr. Michael Brown, who has been interim President and CEO, will step down but continue as a Non-Executive Director of AMR.
Mr. Booth has been General Manager of Operations for the Ban Phuc Nickel Project, overseeing all aspects of the construction and operations of the project since August 2012. He brings over 30 years of experience with major mining groups, including Newmont, Normandy Mining, Xstrata, Rio Tinto and Crew Gold, having been involved in strategic planning, exploration, construction, and underground and surface mine operations. Mr. Booth is a Member of the Australasian Institute of Mining and Metallurgy, Australian Institute of Company Directors, Society for Mining, Metallurgy and Exploration and a former Vice President of the Northern Territory Minerals Council.
Mr. Jan Castro, Chairman of AMR, stated, "We are delighted to have Simon stepping up to the CEO role. During the short period that Simon has been with AMR, he has demonstrated the knowledge and skills necessary to efficiently advance completion of construction. We look forward to Simon's leadership in bringing the Ban Phuc Nickel Project into production and realizing the full potential of AMR. On behalf of the Board, I would also like to thank Michael for his contributions as interim CEO during the last few months."
Asian Mineral Resources Limited is developing the Ban Phuc Nickel Project, located 160 km north-west of Hanoi in the Son La Province, which is 90% owned by its subsidiary Ban Phuc Nickel Mines LLC. The development of the project is in advanced stages, with underground and surface infrastructure near completion and commercial production expected to occur by June 2013. For further details on AMR and the Ban Phuc Nickel Project, please refer to AMR's website at www.asianminres.com.
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Asian Mineral Resources Limited
Chief Financial Officer