Director/PDMR Shareholding

ASIAMET RESOURCES LIMITED - Director/PDMR Shareholding

PR Newswire

London, October 11

For Immediate Release TSX Venture Exchange

12 October, 2016 and AIM

Vancouver, British Columbia Symbol: ARS

Asiamet Resources – warrants lapse

Asiamet Resources Limited ("ARS" or the “Company”) advises that 5,277,674 warrants with an exercise price of C$0.10 have lapsed following their expiry on 2 October 2016 (“Expired Warrants”). The Expired Warrants were held by (among others) Asiamet directors Tony Manini (1,529,761 Expired Warrants) and Stephen Hughes (305,952 Expired Warrants). The share holdings and options holdings of each of the directors remains unchanged, while the warrants held by each director comprise:

Tony Manini (all directly held): Stephen Hughes (all directly held):

Warrants Expiry Date Ex. Price Warrants Expiry Date Ex. Price

269,575 13-May-2017 C$0.12 81,628 13-May-2017 C$0.12

164,878 13-May-2017 C$0.12 49,931 13-May-2017 C$0.12

917,857 13-Apr-2019 C$0.10 611,904 13-Apr-2019 C$0.10

Asiamet now has the following shares, options and warrants on issue:

ON BEHALF OF THE BOARD OF DIRECTORS

Tony Manini, Deputy Chairman and CEO

For further information, please contact:-Ends-

Tony ManiniDeputy Chairman and CEO, Asiamet Resources LimitedTelephone: +61 3 8644 1300Email: tony.manini@asiametresources.com

FlowComms LimitedSasha SethiTelephone: +44 (0) 7891 677 441Email: Sasha@flowcomms.comAsiamet Resources Nominated AdviserRFC Ambrian LimitedAndrew Thomson / Oliver MorseTelephone: +61 8 9480 2500Email: Andrew.Thomson@rfcambrian.com / Oliver.Morse@rfcambrian.com

VSA Capital LimitedAndrew Raca / Justin McKeeganTelephone: +44 20 3005 5004 / +44 20 3005 5009Email: araca@vsacapital.com

Optiva Securities LimitedChristian DennisTelephone: +44 20 3137 1903Email: Christian.Dennis@optivasecurities.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.