AMC.L Regulatory News (AMC)

2 May 2006 09:13

Amur Minerals Corporation02 May 2006 02 May 2006 Amur Minerals Corporation (AIM: AMC) Appointment of Financial Controller Amur Minerals Corporation ("Amur" or "the Company"), the AIM-listed nickelcopper exploration company with assets in far east Russia, is pleased toannounce that Victoria Pigalskaya will join the Company as Financial Controllerwith effect from 1 May, 2006. Victoria, who is a graduate of the Moscow Institute of Accountancy and Audit,will have day-to-day responsibility for bookkeeping and reporting underInternational Financial Reporting Standards. She was previously ChiefAccountant for Marconi Communications in Moscow. Commenting on the appointment, CFO David Wood said "With our recent AIM listingand anticipated growth, we are excited to have appointed someone with thecalibre of Victoria to provide additional support to the management team. Withthe increasing focus on natural resources in Russia, it is a challenge torecruit qualified people and we are very fortunate to have found Victoria." Ends Enquiries: Amur Minerals Corp. Nabarro Wells & Co. Limited Parkgreen CommunicationsRobin Young John Wilkes Justine HowarthCEO 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 explorationlicence, a nickel-copper-PGM deposit located in the Amur Province in the fareast of the Russian Federation. The Kun-Manie licence area is approximately 950km(2) and is located 700 km northeast of the capital city of Blagoveshchensk andis 750km north of the Chinese border. In April 2004 ZAO Kun-Manie, a whollyowned subsidiary of Amur, was granted a licence to explore for nickel andrelated metals, including copper and platinum, in respect of the Kun-Manielicence. Work carried out to date on the Kun-Manie licence including diamond coredrilling, trenching and geological mapping has identified three mineralisedtargets, the Vodorazdelny, Ikenskoe and Falcon zones each of which warrantfurther exploration. The three deposits are located within a five kilometerlong segment of the 40 kilometre long Krumkon Trend which is the primaryexploration target within the licence area. An additional three targetsidentified as Maly Krumkon, Chornie Ispelene and Kubuk have been identifiedwithin the trend and require additional geological investigation and drilling.In combination, the six deposits are located along approximately 50% of thelength of the Krumkon Trend whilst the remainder of the trend also containsadditional potential based on geochemical sampling and geological mapping whichhas identified anomalously mineralized host structures needing additionalreconnaissance and detailed exploration work. To date and within 10- 15% of the Krumkon host structure, detailed explorationand an independently calculated resource estimate compiled by SRK Consultsindicates the presences of Indicated and Inferred resources. These arecontained within the two deposits of the Vodorazdelny and Ikenskoe zones. Asdisclosed in the Competent Person's Report within the Amur Admission Documentdated 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 ofcontained copper; 0.1g/t platinum giving 6,400kg of contained platinum and 0.2g/t palladium giving 7,200kg of contained palladium. This information is provided by RNS The company news service from the London Stock Exchange