AMC.L Regulatory News (AMC)

16 Sep 2009 07:00



Amur Minerals Corporation

("Amur" or "the Company")

Appointment of Directors

Amur Minerals Corporation ("Amur" or the "Company"), an exploration and mineral resource development company focused on East Russia, is pleased to announce the appointment of Mr. William McLucas and Mr. Eric McAuslan as Non-executive Directors with immediate effect.

Mr. McLucas is presently Chairman of Terra Nova Minerals Inc. and Chairman of Luzon Minerals Inc., both of which are listed on the TSX. He has nearly 30 years' experience in mining finance, including 7 years as a stockbroker, and has a broad knowledge of the international mining industry. He has held a number of public and private company directorships which includes positions as CEO for Waverley Mining Finance plc and Thistle Mining Inc. and as Non-Executive Director and Chairman of the Investment Committee at Longview Capital Partners.

Mr. McAuslan is an experienced fund manager, having previously held posts with increasing levels of responsibility with Martin Currie Limited, rising to the position of main board director and, since 2001, a founder shareholder and director of Platinum Fund Managers Limited which manages investments in the smaller quoted company sector.

William Philip McLucas (aged 54) holds, or has in the last five years held, the following directorships and/or partnerships:

Mr. McLucas was a Director of Monktonhall Colliery Limited ("MCL") and Heritage Mining Limited ("HML") when they were both placed into liquidation in 1997. The loss on liquidation recognised in the accounts of Waverley Mining Finance PLC, MCL and HML's 100% parent company of which Mr. McLucas was also a Director, was £12,928,363 in respect of MCL and £629,800 in respect of HML.

Eric David McAuslan (aged 53) holds, or has in the last five years held, the following directorships and/or partnerships:

Mr. McAuslan was a Director of Platinum Fund Managers (Holdings) Limited, Platinum Fund Series plc and Martin Currie Income & Growth Trust plc, all of which have completed Members' Voluntary Liquidations. In each case there was no deficit to creditors.

There is no further information in respect of the above appointment required to be disclosed pursuant to paragraph (g) of Schedule 2 to the AIM Rules for Companies.

Robin Young, CEO of Amur, commented:

 "The addition of Mr. McLucas and Mr. McAuslan significantly enhances the experience and abilities of the Board., Eespecially in the areas of mining finance, acquisitions and corporate governance."

16 September 2009

Enquiries: 

Notes to Editors

Amur Minerals Corporation is a mineral resource development company focused on base metal projects located in the far east of Russia where it has three projects. Its JORC compliant resource estimate for its flagship Kun-Manie project is 341,000 tonnes of contained nickel and 95,500 tonnes of copper and this is expected to increase as further exploration is completed. This resource, which has been identified and progressed in only 20 months of field work, is one of the largest nickel sulphide discoveries since Voisey's Bay.

An independently compiled pre-feasibility study of Kun-Manie conservatively indicates a Post Tax NPV (10%) of $84 million with an IRR of 15.7%. The study contemplates producing 16,000 tonnes of recoverable nickel per year in concentrate from three deposits drilled to date on the Kun-Manie license as well as noting considerable upside potential.

For further information about Amur, please visit the Company's website at www.amurminerals.com.