Exploration Season Commences

Amur Minerals Corporation 04 May 2006 4 May 2006 Amur Minerals Corporation (AIM: AMC) Commencement of Exploration Field Season at Kun-Manie Amur Minerals Corporation ('Amur' or 'the Company'), the AIM-listed nickel copper exploration company with assets in far east Russia, announces that it will begin its 2006 exploration programme on its Kun-Manie nickel project located in the Amur Province within the next two weeks. This year's programme has been reviewed and approved by management. All materials and supplies necessary to complete this year's programme are now on site. The winterised equipment has been re-commissioned, inspected and preventative maintenance has been completed on the diamond drill core rig, the all terrain vehicles and the bull dozers. The current site crew is continuing preparation of the camp facilities for the upcoming season. This programme will include ground geophysics, approximately 4,000 metres of drilling, 600 linear metres of trenching, geochemical sampling and geological mapping within the main geological structure identified as the Krumkon Trend. As stated in the Competent Person's Report by SRK Consulting, which was included in Amur's Admission Document ('SRK Report'), this 40 kilometre long trend hosts more than 100 flat lying websterite sills which are the primary hosts of the nickel and copper mineralisation. The sills range in thickness from one metre to more than 40 metres in thickness. During the last two years, three areas have been explored by diamond core drilling and are located within a five kilometre long segment of the trend. The deposits are identified as Vodorazdelny, Ikenskoe and Falcon. Based on the 2004 and 2005 diamond core drill programmes and the associated analytical results, the SRK Report estimated that the resource within Vodorazdelny and Ikenskoe contains 209,000 tonnes of nickel and 58,500 tonnes of copper. Past exploration has also identified three additional drill targets along the strike of the trend to both the east and west. These represent areas requiring drilling and further exploration and are known as Maly Krumkon, Chornie Ispelene and Kubuk. All six areas thus far identified are contained within a 15 kilometre long segment of the 40 kilometre long trend. The remaining 25 kilometres remains highly prospective as geological mapping and sampling confirms the presence of websterite sills and anomalous nickel grades. As in the two past seasons, the Company's annual exploration programme has a three tiered approach comprised of the following: • Generation Of New Drill Targets: This on going investigative work will be conducted in areas along the Krumkon Trend where limited reconnaissance work has been completed to date. It will focus on areas of interest defined by the presence of geologically mapped websterite sills and associated anomalous nickel values. Two crews of two geologists each will be dedicated to this task. • Testing Of New Targets: Each year, the Company drill tests a new target. This year's focus is the Maly Krumkon area located approximately five kilometres to the west of Vodorazdelny. Here existing geological mapping results, geochemical sampling and trenching confirm the presence of anomalous nickel values in excess of 0.4%. The zone is mapped as having a length of more than one kilometre with a thickness ranging from 3 to 70 metres. Diamond core drilling is scheduled for this area during May and June at programme start up. A total of nine holes are budgeted containing 1,150 planned metres. Four trenches having a total of 320 linear metres are planned. • Resource Development: The primary focus of this year's programme will remain on the five kilometre long area where the past diamond core drilling results have identified the three deposits of Vodorazdelny, Ikenskoe and Falcon. This area's programme includes the completion of 360 linear metres of trenching and approximately 2,850 metres of drilling in 36 planned drill holes. This work is designed to accomplish the following: 1. Drilling will be completed between existing holes. This will increase the confidence in the existing Indicated and Inferred resource as defined by SRK and should allow for upgrading the resources by category. 2. Holes will be completed beyond those that contain mineralisation presently located at the edges of the existing drill pattern. This part of the programme is intended to define additional mineralisation and potentially increase the current resource inventory. Completion of the Vodorazdelny and Ikenskoe programme will ultimately provide the Company with a resource drilled at an appropriate spacing to allow for the calculation of a resource estimate suitable for submission to the State Committee of Reserves (GKZ). The timing of the submission is planned for the end of this year or in the first quarter of 2007. Once approved, Amur will have met its final obligation required under the terms of its exploration licence. Though not required until December 2008, the Company intends to complete this obligation as soon as possible to allow Amur to apply for a Discovery and subsequently convert the five year exploration licence into a Mining / Production licence which will have a 20 year life. Commenting on the upcoming programme, CEO Robin Young stated, 'We are pleased to be in a position to trigger this year's exploration programme on schedule and with a well defined set of objectives. Each of the previous two exploration seasons has allowed us to build value in the Kun-Manie asset. Our aim is to continue to do so and we are optimistic about the coming year.' Ends Enquiries: Amur Minerals Corp. Nabarro Wells & Co. Limited Parkgreen Communications Robin Young John Wilkes Justine Howarth CEO Director +44 (0) 7981 126 818 +44 (0) 20 7710 7400 +44 (0) 20 7493 3713 Notes to Editors The Amur Group's principal asset is the 100% owned Kun-Manie exploration licence, a nickel-copper-PGM deposit located in the Amur Province in the far east of the Russian Federation. The Kun-Manie licence area is approximately 950 km(2) and is located 700 km northeast of the capital city of Blagoveshchensk and is 750km north of the Chinese border. In April 2004 ZAO Kun-Manie, a wholly owned subsidiary of Amur, was granted a licence to explore for nickel and related metals, including copper, in respect of the Kun-Manie licence. Work carried out to date on the Kun-Manie licence including diamond core drilling, trenching and geological mapping has identified three mineralised targets, the Vodorazdelny, Ikenskoe and Falcon zones each of which warrant further exploration. The three deposits are located within a five kilometer long segment of the 40 kilometre long Krumkon Trend which is the primary exploration target within the licence area. An additional three targets identified as Maly Krumkon, Chornie Ispelene and Kubuk have been identified within the trend and require additional geological investigation and drilling. In combination, the six deposits are located along approximately 50% of the length of the Krumkon Trend whilst the remainder of the trend also contains additional potential based on geochemical sampling and geological mapping which has identified anomalously mineralised host structures needing additional reconnaissance and detailed exploration work. To date and within 10- 15% of the Krumkon host structure, detailed exploration and an independently calculated resource estimate compiled by SRK Consulting indicates the presences of Indicated and Inferred resources. These are contained within the two deposits of the Vodorazdelny and Ikenskoe zones. As disclosed in the Competent Person's Report within the Amur Admission Document dated 10th March 2006, these total some 46.1Mt at a mean grade of 0.45% nickel, giving 209,000 tonnes of contained nickel; 0.13% copper, giving 58,500 tonnes of contained copper. This information is provided by RNS The company news service from the London Stock Exchange
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