Widespread's Asian Minerals advises planned private placement

New Zealand Exchange Limited
P.O. Box 2959
Wellington

30 May 2009

Dear Sir,

Widespread’s Asian Minerals advises planned private placement 

Asian Mineral Resources (“ASN”) is Widespread’s largest investment. This 6.93% shareholding (presently held at independent valuation) represents 62.5% of Widespread’s total assets.    

ASN made the announcement below in Canada last night. Widespread Portfolios will be participating in the placement.

For and on behalf of the Board,

Chris D Castle

Waikanae, 30 May 2009

TORONTO, ONTARIO--(Marketwire - May 29, 2009) - Asian Mineral Resources Limited (the "Company") (TSX VENTURE:ASN) announced today its intention to complete a private placement of common shares at $0.09 per share for gross proceeds of a maximum of between Cdn $3 and $5 million. The purchasers will be existing shareholders of the Company, including insiders. Finalization of the transaction is subject to the negotiation of definitive documentation and the receipt of TSX Venture Exchange approval for the private placement.