Corporate Presentation

May 2014

Disclaimer

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Forward-Looking Information

This document may contain forward-looking statements. These forward-looking statements are made as of the date of this document and Asian Mineral

Resources (the “Company”) does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under

applicable securities legislation.

Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events

and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the

timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated

reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use

of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not

anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be

taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and

unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from

any future results, performance or achievements expressed or implied by the forward looking statements. Such factors include, among others, risks associated

with the Company’s dependence on the Ban Phuc Project, risks related to actual results of current exploration activities; changes in project parameters as plans

continue to be refined; future prices of mineral resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks

of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those

factors detailed from time to time in the Company's, annual information form, interim and annual reports. Such forward-looking statements are based on a

number of material factors and assumptions, including: that contracted parties provide goods and/or services on the agreed timeframes; that on-going

contractual negotiations will be successful and progress and/or be completed in a timely manner; that application for permits and licences will be

granted/obtained in a timely manner; that no unusual geological or technical problems occur; that plant and equipment work as anticipated and that there is no

material adverse change in the price of nickel. Although AMR has attempted to identify important factors that could cause actual actions, events or results to

differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those

anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date hereof.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ material ly from those described in

forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no

assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such

statements. Accordingly, readers should not place undue reliance on forward- looking statements.

In addition, please note that statements relating to “reserves” or “resources” are deemed to be forward-looking information as they involve the implied

assessment, based on certain estimates and assumptions, that the resources and reserves described can be profitably mined in the future.

Ban Phuc project location

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Asian Mineral Resources Limited (“AMR”) holds a 90%

interest in the Ban Phuc Nickel Project (“Ban Phuc”)1

Ban Phuc combines a mine and processing facility to

produce a nickel-copper-cobalt concentrate

First production achieved in June 2013

Currently producing over 6,400 tonnes of nickel, 3,200

tonnes of copper and 200 tonnes of cobalt per annum,

increases to 8,300, 4,100 and 200 respectively by 2015

Ban Phuc processing plant

Company Overview

Flagship asset: Ban Phuc Nickel Project

Strengths of the Ban Phuc Nickel Project

Low cost base – Cost advantage based on low local labor

costs and cheap hydroelectric grid power to site

Geared for growth – As additional deposits are developed,

new volumes can go directly to processing based on spare

capacity at the plant

Extension targets – Ore-body is open at depth and along

strike with satellite deposits well advanced

Known exploration potential – Concession area is inside

the highly-prolific Song Da rift zone, where AMR has a

number of advanced-stage nickel exploration targets

1. Remaining 10% is held by AMR’s local business partner, Coxama, a private Vietnamese industrial company with strong ties to the local economy

Ban Phuc Project provides an excellent, cash-generative operating

platform from which AMR can turn its focus to regional expansion

Ban Phuc MSV cross section and mine schematic

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High-grade ore body - Ban Phuc MSV average reserve

grade of 2.2% Ni, 1.0% Cu and 0.05% Co

Simple mining method - Long-hole, open-stoping mining

method, capacity to produce 1,000 tonnes per day of ore

Low operational risk - Ore body accessed by adit on two

separate levels

Multiple faces - Dual portals support multiple working

faces, providing operating flexibility and potential to

increase extraction rates for accelerated cash generation

Reserves and resources1

A low-risk, expandable operation using simple mining and processing techniques

Mining and Processing Operations

Mining

Processing

Simple processing -The Ban Phuc processing plant uses

simple and traditional sulphide flotation techniques

High recoveries - 85% Ni, 95% Cu, 85% Co

Clean concentrate - Favorable metallurgy and low ore

impurities ensure concentrate is high quality and in demand

Excess capacity - Nameplate capacity of 1,500 tonnes per

day is well above the current 1,000 tonnes per day

production rate, offers the ability to quickly expand

production by up to 30% with limited additional capex

1. Source: NI 43-101 report of 15 February 2013. MSV resource cut-off grade 0.4%, Disseminated cut-off grade 0.9%. Reserves are a subset of Mineral Resources and are not additive.

MSV Reserves Ore (Mt) Ni % Cu % Ni (Kt) Cu (Kt)

Proven 0.7 2.40 1.0 17 7

Probable 0.9 2.10 1.0 19 9

Reserves 1.6 2.20 1.0 36 16

MSV Resources Ore (Mt) Ni % Cu % Ni (Kt) Cu (Kt)

Measured & Indicated 1.7 2.68 1.19 45 20

Inferred 0.2 1.94 0.80 3 1

Total Massive Sulphides 1.9 2.61 1.15 48 21

Disseminated Resources Ore (Mt) Ni % Cu % Ni (Kt) Cu (Kt)

Measured & Indicated 0.9 1.19 0.14 11 1

Inferred 0.4 1.14 0.04 4 0

Total Disseminated

Sulphides1.3 1.17 0.11 15 2

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Economic highlights

Significant production profile

Run rate of up to 9,900 tonnes of nickel equivalent in concentrate

per annum2

Low operating costs

Low-cost, skilled workforce

Cheap hydro power from grid (US$.06/KWh)

Simple logistics

Low-cost production of nearly 10,000 tonnes of nickel equivalent per year2

Attractive Economics

Key economics1 (100% basis)

1. Management forecasts, including an accelerated mining schedule compared to the latest NI 43-101 2. 2015/2016 run-rate under the new mining schedule, compares to NI 43-101 run-rates of 6,700 tpa of nickel, 3,400 tpa of copper and 129tpa of cobalt over the same period

Nickel C3 cost curve (2013)3

Nickel production (pa2)

8,300 t

Copper by-product production (pa2)

4,100 t

Cobalt by-product production (pa2)

200 t

Ave LOM cash costs per lb Ni ($/lb)

$4.48/lb including all government royalties and tariffs, payables, and net of by-products

C3 LOM cash costs per lb Ni ($/lb)

$7.06/lb including all government royalties and tariffs, payables, development capex, sustaining capex and net of by-products

Ban Phuc project competitively placed in

wider market at $7.06/lb all in costs

Source: RBC Nickel Market Overview

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The Ban Phuc MSV remains open laterally and at depth

Extensions to the ore body have been investigated via

exploration adits

Potential exists to add further mine life through proving up

extensions to the MSV ore body

Drilling program to outline the depth extension potential and

delineate additional mine life planned for H2 2014

Project Extension

Significant further extension opportunities exist at depth

Feeder zone potential to be explored

Deeper drilling and down-hole EM to be used to define, as

yet un-tested, geological structures at greater depth

Drilling campaign not yet underway as known reserves are

sufficient to support near- and mid-term operations

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Ban Phuc MSV cross section

Drilling at the Ban Phuc Site

Ban Phuc MSV extensions

Longer-term MSV extensions

Kingsnake cross section

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A number of exploration targets have been identified within

trucking distance of Ban Phuc

The Kingsnake Deposit, located 1 km from the Ban Phuc

processing plant, has already undergone some drilling, and

conceptual studies are being undertaken into its

development

Kingsnake alone has the potential to add several years of

life to the Ban Phuc Nickel Project based on the resource

envelope and early drilling core grades (see right)

Rapid development could leverage the existing

infrastructure while the Ban Phuc MSV is still being worked

Select disseminated resources

Multiple options being pursued for near-term project extension and expansion

Local Expansion

Disseminated sulphides

Large, well-understood disseminated ore body directly

adjacent to the Ban Phuc MSV

Select portions identified that are accessible from existing

underground infrastructure which may be amendable to

bulk mining

Opportunity to further expand production and leverage

existing project infrastructure (including UG development)

Potential to add over 10,000 t of additional contained nickel,

at a 0.9% nickel cut-off grade

Satellite deposits within trucking distance

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Excellent geological setting

Geotectonic setting strongly analogous to that of major

Ni-Cu deposits such as Norilsk and Jinchuan

The Da River area is highly fertile for nickel, with multiple

occurrences identified by AMR

Producing Baimazhai nickel mine (China) is located on-

trend, over 200km north-west. Bamimazhai deposit

formed in the same geological event as Ban Phuc

AMR is poised to become the platform for growth in a new nickel mining district

Regional Expansion

Numerous high-potential targets identified

Mineralization along the Song Da rift well characterized

South China Plate

Indo China Plate

Laos

Song Da rift 400km trend with multiple

defined targets and occurrences

China

Ban Phuc

Baimazhai

nickel project

50kt Ni

Nanzhuang

Mine

Vietnam

China

Vietnam Laos

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Rationale for smelter development

Reduced export tariffs - Nickel concentrates incur an

export tariff of 20%, whereas matte attracts only a 5%

export tariff. Given tariffs cost ca. $25m annually, the

reduced tariffs alone support speedy payback

Improved operational economics - Significant reduction

in transport costs and potential for improved offtake terms

Government support - The Government of Vietnam has

identified a nickel processing facility at Ban Phuc as a key

target in its minerals strategy

A smelter significantly enhances Ban Phuc project economics

and further leverages growth opportunities

Integrated Smelter Project

Smelter development

Positive preliminary study into a smelter at Ban Phuc

completed by Runge Limited

Comprises well-understood processing technology: a

single-phase, air-injected lance smelter

Detailed feasibility study completed by Outotec Oyj, the

licensor of the Ausmelt technology

Significantly enhances the attractiveness of project

expansion opportunities and exploration targets

Smelter operating metrics1

Smelter conceptual design

Technology - Simple single-phase smelter

Capacity - 65,000 tpa dry concentrate feed

High recoveries - 90-95% recovery through smelter

Matte grade - 50% metal grade (36% Ni, 14% Cu, 1% Co)

Low capital costs - ca. $33m

1. Smelter metrics from independent study by Refractory and Metallurgical Services Pty Ltd.

Local workforce

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AMR has strong local employment and procurement

policies, with over 92% Vietnamese workforce, and

dedicated training programs focused on up-skilling of the

local workforce

AMR provides key infrastructure to the local community,

including roads, communal spaces, a suspension bridge

and technical assistance with water supply

In collaboration with the Canadian Embassy, AMR is

providing support for local business growth and

development

Opening ceremony

Strong Government Support

CSR initiatives

Government support

The June 2013 opening ceremony was well supported by

officials from both Central and Provincial Government, as

well as the local community

Mr. Nguyễn Linh Ngọc, Vice Minister of the Ministry of

Natural Resources and Environment, and Mr. Cầm Ngọc

Minh, Chairman of the People’s Committee of Son La

Province, speaking at the opening ceremony, highlighted

significance of the opening of the country’s first nickel mine

and the importance of the continued development of the

nickel industry in Vietnam

Management Team

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Name Title Description

Evan Spencer

Chief Executive Officer

Evan is a highly experienced mining executive with over 19 years of experience in the mining industry. Prior to joining AMR, Evan was the Chief Operating Officer for Kagara Limited.

Over his career, he has held a wide range of senior management and operational positions, including several senior positions within Barrick Gold Corporation and Aditya Birla Minerals. Mr. Spencer holds a Master of Mineral Economics, a Bachelor of Applied Science (Geology), and has completed post-graduate studies in mine engineering, business and mining.

Sean Duffy

Chief Financial Officer

Sean brings with him more than 20 years of international finance experience in the mining industry. Immediately prior to joining AMR he worked with Anglo Asian Mining Plc. where he served as CFO and Company Secretary for the London-listed gold mining company.

Previously worked in senior finance roles at BHP Billiton’s global operations, overseeing the integration of the company’s US$9bn acquisition of Western Mining Corporation, and as Finance Director of BHP Billiton Indonesia, responsible for all aspects of finance, logistics, IT and administrative functions relating to over US$5bn of coal assets in the region. In addition, Mr. Duffy has held senior finance management roles at base and precious metals mining companies in both Africa and the Middle East.

Steve Ennor

Metallurgy Manager

A metallurgist with 20 years of experience in nickel sulphide processing, including senior management and operational positions with Xstrata Nickel Australia, Jubilee Mines, Lionore Australia and Outokumpu.

Previously Chief Metallurgist at Resolute Mining (2009-2010), overseeing the Syama gold mine; Metallurgy Manager for Jubilee Mines / Xstrata Nickel (2005-2008), overseeing all Australian nickel operations; Senior Metallurgist for LionOre Australia (2001-2003), managing the Emily Ann and Johnston Lake operations.

Iain Cox

Mine Manager

22 years of experience of underground and surface mining, including eight years as mine manager overseeing both owner-mining and contract-mining operations across various international operations, including Philippines, Indonesia, Ghana, Egypt and Turkey.

Previously Underground Manager, Newmont Ghana; Underground Mine Manager, Centamin (2008-2009), overseeing the establishment and operation of the Sukari gold mine; Mining Manager, Crew Gold (2006-2007) overseeing the development and operation of the Masara gold mine; and Mine Manager, for Newmont and Normandy (2000-2006) managing mining operations at the Ahafo, Ovacik, Batu Hijau , and Jundee mines.

Dinh Huu Minh

Exploration Manager

Previously a Geologist with the Research Institute of Geology and Mineral Resources in Vietnam, the state geological research institute.

Minh, has an extensive history of exploration within the region around Ban Phuc both with the Government institutions and AMR. Minh has worked with Canadian and Australian companies as a Project Geologist, managing exploration activities across a number of gold, copper and nickel deposits throughout Vietnam.

Board of Directors

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Name Title Description

Jan Castro

Chairman Chief Executive Officer of Pala Investments, a multi-strategy investment company dedicated to investing in, and creating value across, the mining sector in both developed and emerging markets.

Prior to founding Pala in July 2006, Jan was Senior VP of Investments and Corporate Affairs for Mechel OAO, a NYSE-listed company and one of Russia's largest mining and metals. Jan currently serves on the boards of Alacer Gold Corp, Nevada Copper Corp, and Sierra Rutile Ltd.

James Askew

Director A mining engineer with over 35 years of international mining and business experience leading numerous mining service and mining companies.

Jim has served as the CEO for a wide range of Australian and international publically -listed mining, mining related companies. Jim founded Golden Shamrock Mines, Australian Mining Consultants (AMC) and co-founded Ausdrill.. He currently serves as a director of Evolution Mining Ltd., Golden Star Resources Limited, Oceana Gold Corporation and Ivanhoe Australia Ltd

Michael Brown

Director MD of Pala Investments, and currently a director of Sierra Rutile Ltd.

Prior to joining Pala, Mike was COO of De Beers Consolidated Mines Ltd, where he was responsible for all operations in South Africa, including production at five separate mines, the planning and execution of construction projects, strategic business development and health, safety and environmental control.

Christopher Castle

Director A chartered accountant with more than 35 years of experience in the investment and corporate finance sectors.

Chris was a founding director of Spectrum Resources and Premier Mining Securities. His mining and mineral exploration background includes a series of projects with Amoil NZ, Kanieri Gold Dredging and Australian Anglo-American. His investment sector experience includes Brierley Investments and the Regina Confections/Charter Corporation group. He is a director of Widespread Energy and King Solomon Mines.

Stephen Gill

Director VP of Pala Investments, Stephen has overseen a number of Pala’s investments across a range of commodities and geographies, as well as the mining services sector.

In addition to working on a number of Pala’s key transactions, Stephen has worked closely with a number of Pala’s investee companies to support them in a range of strategic initiatives, and the implementation of operational improvements. Prior to joining Pala, Stephen was a senior consultant with AMEC Plc., where he advised on a broad spectrum of natural resources-related transactions and strategic projects.

Robin Widdup

Director Managing Director of Lion Manager Pty Ltd, a role which he has held since founding Lion Selection Group in 1997.

Prior to Lion Manager, Robin worked in the Zambian copper belt and for the National Coal Board in open-cast coal exploration activities in the United Kingdom. In 1980, Robin joined Mount Isa Mines Limited in Queensland and worked in both the copper and silver-lead-zinc mine areas. Robin moved to stockbroker J B Were & Son as base metals analyst in 1986, before his subsequent appointments as gold analyst and manager of J B Were’s Resource Research team.

Significant Value Growth Potential

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Multiple growth opportunities

provide significant upside potential

regardless of nickel prices

Project extension

- Excess installed processing capacity enables expansion

- MSV extensions

- Satellite deposits

- Select disseminated sulphides

Smelter project

- Smelter study complete

- Low capex of $33m

- Reduced export tariffs

- Improved transportation costs and offtake terms

Regional expansion

- Highly prospective regional geology

- High-priority targets identified

- Potential to prove-up a new nickel camp

Existing operations - Platform for growth

- Cashflow generation

- Demonstrated ability to

operate in Vietnam

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Corporate Summary (as at March 31)

Major shareholders

Listing - Asian Mineral Resources Limited is listed on the

TSX Venture Exchange, under the ticker ASN

Key shareholders Interest

Pala Investments Limited 74%

Melior Resources Inc. 6%

Lion Selection Group Limited 5%

Malaysia Smelting Corporation Berhad 4%

Share price C$ 0.070

Shares outstanding 776,213,328

Market Capitalization C$ 54.3 million

Cash (31 March 2014) C$ 4.3 million

Debt (31 March 2014) C$ 22.1 million

Enterprise Value C$ 72.1 million

Warrants 54,166,667

Options 20,047,957

Capital structure: TSX-V:ASN

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Contact

Asian Mineral Resources

Evan Spencer, CEO

+ 84 4 3 773 7997

info@asianminres.com

www.asianminres.com