Kun-Manie Valuation Increase

Amur Minerals Corporation
15 January 2007



15 January 2007

                           Amur Minerals Corporation
                           ('Amur' or 'the Company')


                     Kun-Manie Valuation Surges to $100M US

Amur Minerals Corporation's (AIM: AMC) 'in the ground' valuation has increased
by 43%.  The valuation is now in the range of US$90-$110 million and is based on
SRK Consulting's (SRK) December 2006 resource update for the Kun-Manie nickel
and copper licence located in the far east of Russia.  In summary:-

  • SRK's 'in the ground' valuation now stands at US$90 to US$110 million,
    versus US$60 to US$80 million at admission less than a year ago.  This is a
    43% increase.  The valuation is based on $5.80/lb nickel and $1.40/lb
    copper.

  • The overall resource has increased to 53.3 million tonnes.  The average
    grades for nickel and copper are 0.48% nickel and 0.14% copper,
    respectively.  This represents 254,500 tonnes of nickel and 73,000 tonnes of
    copper.  The year end 2006 JORC compliant resource statement prepared by SRK
    follows.


          Orebody          Tonnage      Ni        Ni        Cu       Cu
                            (Mt)       (%)       (t)       (%)      (t)

       Total Measured        3.7       0.61     22,700     0.16      5,800
      Total Indicated       32.7       0.47    153,100     0.14     44,500
       Total Inferred       16.9       0.47     78,700     0.13     22,700
          Grand Total       53.3       0.48    254,500     0.14     73,000


Robin Young, Amur's Chief Executive Officer, commented: 'We are extremely
pleased with the US$100 million 'in the ground' valuation and to have reportable
Measured Resources at Kun-Manie.  We look forward to continued success in this
coming year's field programme because there is significant potential to increase
resources in the areas we have drilled and other vast areas where our
information is still limited.'

The increased value is attributable to two key factors arising from this year's
drill programme which follow:


  • Discovery of the Maly Krumkon deposit.  SRK has estimated this newly
    discovered orebody to contain an Inferred Resource of 11.0 million tonnes at
    an average grade of 0.45% nickel and 0.14% copper containing 50,000 tonnes
    of nickel and 15,200 tonnes of copper.  These resources are located along a
    length of 800 to 1,000 metres and can be observed at the surface.
    Geological mapping confirms the zone continues for at least 2 more
    kilometres which must be explored by trenching and drilling.  Prospectivity
    on this deposit remains high.

  • Increased confidence in resource statements.  The drilling of holes on a
    closer spacing at Vodorazdelny and Ikenskoe has confirmed the presence of
    the zones in both thickness and contained metal.  SRK has therefore upgraded
    portions of the resource to categories of higher confidence.  Presently,
    both Measured and Indicated resources have been enlarged over previously
    calculated resource estimates by SRK.  Increased categories of higher
    confidence equates to lower risk.


The information contained in this announcement has been reviewed and approved on
behalf of SRK Consulting (UK) Ltd by Managing Director, Dr Mike Armitage, CEng,
CGeol. Dr Armitage is a qualified professional geologist.


Enquiries:

Amur Minerals Corp.       RBC Capital Markets          Parkgreen Communications
Robin Young               Andrew Smith                 Justine Howarth
CEO                       Martin Eales                 Erica Nelson
[phone]      [phone]         [phone]



Notes to Editors

About Amur Minerals

Amur's principal asset is the 100% owned Kun-Manie exploration licence, a
nickel-copper 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 and platinum, 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 four mineralised
targets; the Vodorazdelny, Ikenskoe, Maly Krumkon and Falcon zones, each of
which warrant further exploration.  The four zones are located within a 15
kilometre long segment of the 40 kilometre long Krumkon Trend.  This trend is
the primary exploration target within the licence area.  An additional two
targets identified as Chornie Ispelene and Kubuk (also referred to as Ata) have
been identified within the trend and also require additional geological
investigation and drilling.  In combination, the six zones are located along
approximately 50% of the length of the Krumkon Trend.  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, detailed exploration and an independently calculated resource estimate
compiled by SRK Consulting indicates the presence of Measured, Indicated and
Inferred resources.  These are contained within the three deposits, the
Vodorazdelny, Ikenskoe and Maly Krumkon zones. An update to the Resource
Estimate within the Competent Person's Report of the Amur Admission Document now
indicates these three zones contain a total of 53.3 Mt at a mean grade of 0.48%
nickel and 0.14% copper containing 254,500 tonnes of nickel; and 73,000 tonnes
of copper.  This is summarised in the following table.



                 SRK Consulting's 2006 Year End Resource Report

            Orebody          Tonnage      Ni       Ni       Cu      Cu
                               (Mt)      (%)      (t)      (%)      (t)
          Vodorazdelny
           Indicated           5.9       0.71    41,800    0.20   11,800

            Ikenskoe
            Measured           3.7       0.61    22,700    0.16    5,800
           Indicated           26.8      0.42   111,300    0.12   32,700
           Sub-total           30.5      0.44   134,000    0.13   38,500
            Inferred           5.9       0.49    28,700    0.13    7,500
         Total Ikenskoe        36.4      0.45   162,700    0.13   46,000

          Maly Krumkon
            Inferred           11.0      0.45    50,000    0.14   15,200

         Total Measured        3.7       0.61    22,700    0.16    5,800
        Total Indicated        32.7      0.47   153,100    0.14   44,500
         Total Inferred        16.9      0.47    78,700    0.13   22,700
          Grand Total          53.3      0.48   254,500    0.14   73,000



Amur also owns the Anadjakan gold-copper exploration licence in Kharaborvsk Krai
near the well infrastructured city of Elban and chooses not to report any value
on this asset until it concludes its comprehensive review of all information and
verifies existing Russian results.


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