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Widespread's Asian Minerals advises board changes

New Zealand Exchange Limited 
P.O. Box 2959 
Wellington

3 May 2012 

Dear Sir, 

Widespread’s Asian Minerals advises Board and Management changes      

Asian Mineral Resources (“ASN”) is one of Widespread’s largest investments. This shareholding (presently held at independent valuation based on our share of net assets) represents 19.5% of Widespread’s total assets.    

ASN made the announcement below in Canada overnight.

For and on behalf of the Board,

Chris D Castle

Wellington    

3 May 2012

Asian Mineral Resources Announces Board and Management Changes

TORONTO, ONTARIO--(Marketwire - May 2, 2012) - Asian Mineral Resources Limited ("AMR" or the "Corporation") (TSX VENTURE:ASN) is pleased to announce that Mr. Jan Castro has been appointed as Non-Executive Chairman of the Board to replace Mr. Bill Howell, who will continue as a Non-Executive Director of the Corporation.

The Corporation is also pleased to announce that Mr. Michael Brown has been appointed as interim Chief Executive Officer and President to replace Mr. Chris Castle, who will remain as a Non-Executive Director of the Corporation.

Mr. Castro stated, "We look forward to working in partnership with the Government of the Socialist Republic of Vietnam and the People's Committee of Son La Province to advance the Ban Phuc Nickel Project, which will result in substantial investment and employment opportunities in the Son La Province planned for the end of May 2012. The Board and management are focused on re-starting construction and dedicated to working with the Government, local communities and other stakeholders to bring the Ban Phuc Nickel Project into production and realize the full potential of the project."

Regarding the recent Board and management changes, Mr. Castro said, "The Board wishes to thank Messrs. Howell and Castle for their continuing commitment to the Corporation and for their work as Chairman and interim Chief Executive Officer and President respectively."

The new appointments take effect on May 2, 2012.

Company Profile

Asian Mineral Resources Limited is developing the Ban Phuc Nickel Project in Vietnam, a 5 hour drive north-west of Hanoi, in which it has a 90% interest. For further details on the Corporation and the Ban Phuc Nickel Project, please refer to the website atwww.asianminres.com.