Widespread's Asian Minerals announces AGM results

New Zealand Exchange Limited
P.O. Box 2959
Wellington

13 July 2010

Dear Sir,

Widespread’s Asian Minerals announces AGM results     

Asian Mineral Resources (“ASN”) is one of Widespread’s largest investments. This 4.3% shareholding (presently held at independent valuation based on our share of net assets) represents 25.6% of Widespread’s total assets.    

ASN made the announcement below in Canada last night concerning the annual general meeting of shareholders held in Toronto on Friday 9 July. 

Our continuing board representation is good news but the removal of the Shareholder Rights Plan is not. In the absence of a Takeovers Code in Canada applicable to ASN the Plan provided certain protection to minority shareholders that has now been removed.  

For and on behalf of the Board,

Chris D Castle

Singapore   

13 July 2010

ASIAN MINERAL RESOURCES ANNOUNCES CHANGE IN BOARD OF DIRECTORS

Toronto, Ontario – July 12, 2010.

Asian Mineral Resources Limited (the “Company”) (ASN-TSX Venture) announced today that, following the July 9 Annual Shareholders Meeting the board of directors now consists of Mun Keong Choo, Chairman of the Board, Mark Arnesen, Christopher Castle, William Howell and Fook Hoy Lai.

Mr. Arnesen is a chartered accountant with over 20 years experience in the international resources industry, including employment with the Billiton/Gencor group as corporate Treasurer from 1996 to 1998. In 2000 he joined Ashanti Goldfields Company Limited as Managing Director – Internal Treasury and held the position until 2004. From 2004 until 2006 he worked with Equinox Minerals Limited and put in place the Lumwana project financing. In November 2006 he joined Moto Goldmines Limited as the Financial Director and held the position until the company was taken over by Randgold Resources Limited in late 2009.

Fook Hoy Lai has broad and in depth knowledge of technical, operational, financial and commercial aspects of the metals industry. He was previously the Group Chief Operating Officer, Malaysia Smelting Corporation Berhad. Fook Hoy Lai graduated with BSc (Hons) in Metallurgy and the University Medal from the University of New South Wales in 1974, and subsequently a BSc (Econs) (Hons) degree majoring in Accounting and Finance from the University of London in 1980. He is a member of the Institute of Materials, Minerals and Mining, and a registered Chartered Engineer with the Engineering Council UK. He is also a member of the Institution of Engineers, Malaysia, and Professional Engineer, registered with the Board of Engineers, Malaysia.

Shareholders at the meeting voted in favour of continuing the Company’s Stock Option Plan and against continuation of the Company’s Shareholder Rights Plan which has now expired.

“Mark Arnesen and Fook Hoy Lai will bring significant experience to the board as we move forward with the Ban Phuc Project” commented the new Chairman of the Board, Mun Keong Choo. “I would also like to take this opportunity to thank my predecessor Jim Askew for his contribution to the Company during the past five years.”

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