Widespread Portfolios - NZX Announcements

Widespread Portfolios advises Kotuku oil exploration initiative

2012-05-17T22:22:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

18 May 2012

Dear Sir,

Widespread Portfolios advises Kotuku oil exploration initiative

PEP 38526 - Kotuku

PEP 38526 is located north of Lake Brunner, on the West Coast, South Island. The permit covers the northern half of the Kotuku Structure and a significant portion of the associated Grey Valley Trough.

As part of the work programme previous holder Widespread Energy drilled a stratigraphic exploration bore in mid March 2010. The aims of the bore were to confirm the shape of the Kotuku anticline, recover samples of the rock strata and determine the nature of any fluids contained within it.

While the target depth of 250 metres was not reached, the persistent oil shows that occurred between 21 metres and 90 metres were of considerable interest.

Widespread Portfolios became the new permit holder on 31 March 2011 and subsequently undertook a detailed analysis of the permit data.

It has now been determined and finally agreed with NZ Petroleum & Minerals that the next logical steps in an exploration programme are:

· An ERT (resistivity) survey

· Reprocessing of existing seismic data

Electrical Resistivity Tomography (ERT) survey

Measuring the resistivity of hydrocarbon bearing rocks is well documented and is one of the most common and sensitive geophysical methods applied when exploring for hydrocarbons.

Relative to water saturated rocks, hydrocarbon rocks show an increase in resistivity and as such a zone of high resistivity may indicate the presence of hydrocarbons.

Resistivity surveys are used when exploring for oil and gas and have been applied in both on and offshore environments for oil and gas.

A resistivity survey will complement existing well and seismic data and provide an indication of the extent and persistence of any shallow oil accumulation at Kotuku.

Compared with drilling a well, a 2D resistivity survey will explore a larger area.

WorleyParsons Canada has today been contracted to undertake the ERT survey. The company has extensive experience in land based ERT methods and has worked in various locations around the world acquiring resistivity data for the oil and gas industry.

Proposed Survey

Survey extents are based on the minimum and maximum areas over which the cold oil play at Kotuku is expected to extend.

WorleyParsons has recommended the acquisition of approximately 12.8km to cover

the minimum area while an additional 6.8km is proposed if the results from the initial

survey suggest an extension of the resource into the maximum expected area.

The survey is expected to commence before the end of June.

Output of the programme & the way forward

A successful outcome of the survey and the seismic re-processing would be the identification of drilling targets that could offer a much greater certainty of success than has been the case in the past. With these potential targets in hand, Widespread would seek to extend the exploration licence and undertake an active drilling programme early in the new term.

Financing of the exploration programme

The exploration programme can be financed from existing cash resources and the sale of existing investments. However, depending on the level of interest displayed by our shareholders, some consideration is being given to a share purchase plan or other forms of equity finance.

For and on behalf of the Board,

Chris D Castle

Wellington

18 May 2012

Widespread's Asian Minerals advises board changes

2012-05-03T02:12:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

3 May 2012

Dear Sir,

Widespread’s Asian Minerals advises Board and Management changes

Asian Mineral Resources (“ASN”) is one of Widespread’s largest investments. This shareholding (presently held at independent valuation based on our share of net assets) represents 19.5% of Widespread’s total assets.

ASN made the announcement below in Canada overnight.

For and on behalf of the Board,

Chris D Castle

Wellington

3 May 2012

Asian Mineral Resources Announces Board and Management Changes

TORONTO, ONTARIO--(Marketwire - May 2, 2012) - Asian Mineral Resources Limited ("AMR" or the "Corporation") (TSX VENTURE:ASN) is pleased to announce that Mr. Jan Castro has been appointed as Non-Executive Chairman of the Board to replace Mr. Bill Howell, who will continue as a Non-Executive Director of the Corporation.

The Corporation is also pleased to announce that Mr. Michael Brown has been appointed as interim Chief Executive Officer and President to replace Mr. Chris Castle, who will remain as a Non-Executive Director of the Corporation.

Mr. Castro stated, "We look forward to working in partnership with the Government of the Socialist Republic of Vietnam and the People's Committee of Son La Province to advance the Ban Phuc Nickel Project, which will result in substantial investment and employment opportunities in the Son La Province planned for the end of May 2012. The Board and management are focused on re-starting construction and dedicated to working with the Government, local communities and other stakeholders to bring the Ban Phuc Nickel Project into production and realize the full potential of the project."

Regarding the recent Board and management changes, Mr. Castro said, "The Board wishes to thank Messrs. Howell and Castle for their continuing commitment to the Corporation and for their work as Chairman and interim Chief Executive Officer and President respectively."

The new appointments take effect on May 2, 2012.

Company Profile

Asian Mineral Resources Limited is developing the Ban Phuc Nickel Project in Vietnam, a 5 hour drive north-west of Hanoi, in which it has a 90% interest. For further details on the Corporation and the Ban Phuc Nickel Project, please refer to the website at www.asianminres.com.

Widespread’s Asian Minerals advises successful Pala agreement

2012-04-19T19:11:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

19 April 2012

Dear Sir,

Widespread’s Asian Minerals advises successful Pala agreement

ASN made the announcement below in Canada overnight. This outcome is particularly good news for Widespread Portfolios.

For and on behalf of the Board,

Chris D Castle

Wellington

19 April 2012

ASIAN MINERAL RESOURCES LIMITED ANNOUNCES PALA INVESTMENTS' INTENTION TO PROCEED WITH PRIVATE PLACEMENT AND APPOINTMENT OF NON-EXECUTIVE DIRECTORS

Pala Investments Holdings Ltd. has delivered a closing notice under the subscription agreement, dated March 1, 2012, as amended on April 3, 2012, on its intention to proceed with the purchase of 108,333,333 units of Asian Mineral Resources Ltd., as described in the corporation's announcements on March 1 and April 4, 2012, for the aggregate subscription proceeds of $6.5-million.

Following completion of the private placement, and the proposed acquisition by Pala of an aggregate of 49,481,600 issued shares from Mellford Pte. Ltd. and Sword Investments Private Ltd. as described in the corporation's announcement on March 1, 2012, Pala will own 157,814,933 common shares of AMR, representing 50.7 per cent of the corporation's outstanding share capital on an undiluted basis (57.7 per cent on a fully diluted basis). In conjunction with delivery of the closing notice, the standstill provisions in the confidentiality agreement dated March 1, 2012, have been terminated.

Appointment of non-executive directors

The corporation is also pleased to announce the appointments of James Askew, Jan Castro and Michael Brown as non-executive directors of the corporation with immediate effect.

Mr. Askew is a former director and chairman of the corporation. He is currently a director of Ivanhoe Australia Ltd., Evolution Mining Ltd., Golden Star Resources Ltd. and OceanaGold Corp., where he is chairman of the board.

Mr. Askew is a mining engineer with over 35 years of international mining and business experience leading numerous mining service and mining companies. He has served as the chief executive officer for a wide range of Australian and international publicly listed mining, mining finance and other mining-related companies. He founded Golden Shamrock Mines, and James Askew & Associates (now known as Australian Mining Consultants -- AMC), and co-founded Ausdrill. He has extensive international resources experience in mining and mining service related companies, and has had exposure to a wide range of commodities.

Mr. Castro is the chief executive officer of Pala Investments AG, which he founded in July, 2006. He is currently a director of Alacer Gold Corp., Nevada Copper Corp., Churchill Mining PLC, Elemental Minerals Ltd. and Sierra Rutile Ltd., where he is chairman of the board. He is also a director of Gemcom Software International Inc., a private company.

Prior to establishing Pala, Mr. Castro was senior vice-president -- investments and corporate affairs -- for Mechel OAO, a major Russian mining and metals company listed on the New York Stock Exchange, where his primary responsibilities covered mergers and acquisitions, non-core asset disposals, and investor and public relations. He also managed Mechel's initial public offering on the NYSE.

Before joining Mechel, Mr. Castro worked for Latham & Watkins LLP where he specialized in securities, and merger and acquisition transactions. In total, he led the IPOs of three out of the four IPOs of Russian companies on the NYSE, as well as worked on numerous mergers and acquisitions, and private equity transactions, including some of the largest M&A deals in Russia and Ukraine. Prior to Latham & Watkins, he was at Chadbourne & Park, and White & Case, working primarily on project financings.

Mr. Brown is a senior vice-president of Pala Investments AG. He is currently a director of Sierra Rutile Ltd. and Dumas Contracting Ltd. Prior to joining Pala, he was the chief operating officer of De Beers Consolidated Mines Ltd., where he was responsible to the board 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.

Previously, Mr. Brown was head of strategic business development, where he was responsible for the full value chain from resource evaluation to strategic business planning, concept studies, feasibility studies and project implementation. He managed the following projects: the Finsch block five feasibility study for $750-million; the $35-million Venetia resource extension project; the prefeasibility study for a $1.3-billion underground mine at the Venetia project; and the $200-million mine construction at the Voorspoed project.

Mr. Brown began his mining career with De Beers in 1990 as a mining engineer, and during his tenure has held several senior appointments including those of group manager in global mining, general manager -- Finsch mine, and mining/area manager -- Nambeb. He is a registered professional engineer (PrEng) with the South African Council of Professional Engineers, and a member of the South African Institute of Mining and Metallurgy.

Bill Howell, chairman of AMR, stated: "On behalf of AMR, we are delighted that Pala has decided to proceed with the proposed investment in the corporation. We would also like to welcome James, Jan and Michael to the board, and look forward to working together in advancing the Ban Phuc project. We firmly believe that Pala will be a valuable partner to AMR and is committed to assisting in securing all necessary resources for the development of the Ban Phuc project."

The completion of the private placement is conditional upon, among other things, final approval of the TSX Venture Exchange, which has issued conditional approval, completion of the additional share purchases and AMR shareholders' approval, which will be sought at a special meeting of AMR shareholders to be held on May 25, 2012. The subscription agreement has been posted on SEDAR.

Asian Minerals amends Pala agreement

2012-04-04T22:15:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

5 April 2012

Dear Sir,

Widespread’s Asian Minerals advises amendment to Pala agreement

ASN made the announcement below in Canada overnight.

For and on behalf of the Board,

Chris D Castle

Onekaka

5 April 2012

April 04, 2012 11:32 ET

Asian Mineral Resources Limited Announces Amendment to Agreement With Pala Investments Holdings Limited

TORONTO, ONTARIO--(Marketwire - April 4, 2012) - Asian Mineral Resources Limited ("AMR" or the "Corporation") (TSX VENTURE:ASN) announced today that the Subscription Agreement it entered into with Pala Investments Holdings Limited ("Pala") as previously announced on March 1, 2012 has been amended to provide that:

the number of Units to be purchased by Pala has been increased from 71,666,667 to 108,333,333 and the aggregate subscription price has increased from $4,300,000 to $6,500,000;
accordingly the number of Warrants has been increased to entitle Pala to purchase up to 54,166,667 common shares for $0.10 a share; and
Pala's due diligence period has been extended until April 18, 2012; and
the outside closing date has been extended to July 31, 2012.

Corresponding amendments have been made to the other agreements described in the Corporation's press release dated March 1, 2012. Following completion of the transactions Pala will own 157,814,933 common shares representing 50.7% of the Corporation's outstanding share capital (57.7% on a fully diluted basis).

The amendment to the Subscription Agreement has been posted on SEDAR at www.sedar.com.

Company Profile

Asian Mineral Resources Limited is developing the Ban Phuc Nickel/Copper Project in Vietnam, a 5 hour drive north-west of Hanoi, in which it has a 90% interest.

For further details on the Company and the Project, please refer to the website at www.asianminres.com.

Forward-Looking Statements

This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding completion of the transactions described in this press release and the achievement of expected benefits, potential mineralization and reserves, exploration results and future plans and objectives of Asian Mineral Resources Limited are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Asian Mineral Resources Limited's expectations are disclosed under the heading "Risk Factors" and elsewhere in Asian Mineral Resources Limited documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

King Solomon Mines announces drilling commencement

2012-04-04T22:13:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

5 April 2012

Dear Sir,

King Solomon Mines announces drilling commencement

China based King Solomon Mines (“KSO”) is Widespread’s third largest investment, and represents 3.0% of our total assets at its present market value of AUD 3 cents a share. We are the largest individual shareholder in KSO with a holding of 5.1%.

KSO made the announcement below in Australia earlier this week.

For and on behalf of the Board,

Chris D Castle

Onekaka, 5 April 2012

Drilling Starts at Bu Dun Hua

Drilling at the company's 100% owned Bu Dun Hua porphyry copper project started this morning. Three separate mineralised porphyry targets are to be tested in an initial 2,500m program.

Nomad

The first hole of the program is targeting the recently recognised Nomad magnetic anomaly which was identified earlier this year by three dimensional analysis of high resolution magnetic data. The anomaly is interpreted as representing a large (1km+ diameter) altered-intrusive plug, masked at surface by widespread and thick altered-volcanic-derived sand and colluvium. The interpreted apex of the plug lies approximately 150m below surface.

Unlike Whitehorse and Ghenghis where strong silicification has resulted in their location under ridge crests, Nomad underlies a broad topographic "low".

Ghenghis

Strongly anomalous copper and gold values were encountered in 2011 in two drill-holes probing the margins of the Ghenghis target. The second of the two (BDH028) in particular, yielded intercepts typical of wall-rock proximal to a porphyry copper deposit.

Following the initial hole at Nomad, a new hole will be drilled in towards the un-tested centre of the Ghenghis anomaly, searching for a stronger, more consistently mineralised zone.

Northern Deeps

The third hole of the program will be a first test of the Northern Deeps anomaly - another potential intrusive occurrence but with a different magnetic profile to those encountered to date. Northern Deeps lies sequentially along trend from the Whitehorse (Cu-Mo) and Ghenghis (Cu-Au) prospects.

Initial results from drilling are expected in May, with the initial 2,500m program expected to be completed by the end of June.

Stephen McPhail

Managing Director

King Solomon Mines Limited

PO Box 204-065

Highbrook

Auckland 2161

W. +644 905 9608

F. +646 364 8497

M. +6421 897 667

www.kingsolomonmines.com

Net Asset Backing Update

2012-03-23T11:06:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

23 March 2012

Dear Sir,

Widespread Portfolios Net Asset Backing

We wish to advise that the unaudited net asset backing per Widespread Portfolios share, as at 8 a.m. today is 50.1 cents.

NET ASSET BACKING PER SHARE	Per WID share	Per WID share
Investment	AMR at market	AMR at valuation
Oil and gas assets	0.024	0.024
Asian Mineral Resources (AMR)	0.031	0.010
Chatham Rock Phosphate (based on independent valuation)	0.350	0.350
King Solomon Mines	0.011	0.011
Other investments & cash	0.016	0.016
Total ($NZ per WID share)	0.432	0.501
Current WID share price	0.140	0.140
Discount to Net Asset Backing	67.6%	72.1%

Diluted Net Assets per share

The fully diluted NTA per WID share is $0.95 assuming the listed warrants are exercised @ $2.982 and the unlisted director-held warrants are exercised @ $3.282. All warrants expire on 30 June 2012.

Net asset data is also available on our website (www.widespread.co.nz) and is updated regularly. For more information on Chatham Rock Phosphate Limited see www.rockphosphate.co.nz.

For and on behalf of the Board,

Chris D Castle

Hanoi, 23 March 2012

Widespread's Asian Minerals advises board changes

2012-03-06T16:29:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

6 March 2012

Dear Sir,

Widespread’s Asian Minerals advises board changes

ASN made the announcement below in Canada a few hours ago concerning certain board changes, including the appointment of the writer as acting president and CEO of the Company.

Widespread shareholders should be aware that this situation will prevail for only a few weeks until the role is filled on a permanent basis. TSX.V listing rules require that ASN must have an incumbent CEO at all times.

For and on behalf of the Board,

Chris D Castle

Toronto

6 March 2012

Suite 2500, 120 Adelaide Street West

Toronto, Ontario

M5H 1T1 CANADA

Telephone: (416) 360-3412

Email: info@asianminres.com

#9 Nguyen Hong Road

Ba Dinh District

Hanoi, VIETNAM

Telephone: +84 4 3773 7997

Facsimile: +84 4 3773 7996

BOARD AND MANAGEMENT CHANGES/
BAN PHUC PROJECT STATUS

Toronto, Ontario – March 5, 2012. Asian Mineral Resources Limited ("AMR" or the "Corporation") (ASN-TSX Venture) announced today that Mr. Chris Castle has been appointed as Interim President and CEO to replace Lai Fook Hoy who

has resigned as Interim President and CEO and as a director of the Corporation, and that Mr. Bill Howell has been appointed as non-executive Chairman to replace Choo Mun Keong who has resigned as Executive Chairman and as a director of the Corporation. "We wish to thank Messrs. Choo and Lai for their contributions as executives and as board members during a difficult period for the Corporation which culminated with the recently announced transaction with Pala Investments Holdings Limited" commented Mr. Howell on behalf of the board of directors which now consists of Messrs. Castle and Howell and Mr. Robin Widdup.

The Corporation also reported on the status of its Ban Phuc Project in which it holds a 90% interest through Ban Phuc Nickel Mines LLC ("BPNM"). The Project was the subject of a Report dated October 6, 2011 made by the General Department of Geology and Minerals Vietnam ("GDGMV"). The Report identified a number of matters requiring remediation and requested of BPNM that it undertake a number of actions including speeding up mine construction and submitting to the Ministry of Natural Resources and Environment ("MONRE") an explanation for the delay in mine construction schedule.

In its response dated November 7, 2011 to GDGMV, BPNM reminded the Ministry that prior to the 2008 recession it had invested US$66.7 million in the Project; that construction activities had been pursued in a robust manner following issue of its mining license until unforeseen circumstances affecting similar projects worldwide forced the Project to be placed on a status whereby expenditures were restricted to those required to ensure that it could be restarted and completed; and that Project viability had been adversely affected by subsequently adopted Vietnamese taxation policies. The Report went on to list further work on the Project to September 30, 2011 by which date total investment was US$73.8 million. BPNM's response concluded by requesting of GDGMV and MONRE that they understand and approve the reasons for the delay and that efforts were being made to speed up the mine construction schedule and put the mine into production.

By its letter dated February 14, 2012 GDGMV advised BPNM that, based on BPNM's Report and a further site visit on February 1, 2012, it was requesting BPNM to promptly invest in construction of facilities to ensure adherence to the mine construction schedule whereby completion is to occur by December 31, 2012 and that, should BPNM fail to do so, it would recommend to MONRE that BPNM's mining license be revoked.

AMR and BPNM intend to engage MONRE and the other relevant Vietnamese authorities in further discussions in which it will be pointed out among other things that the recently announced transaction whereby Pala Investments Holdings Limited will make a substantial investment in AMR evidences BPNM's capability to speed up mine construction as requested by GDGMV.

Company Profile:

Asian Mineral Resources Limited is developing the Ban Phuc Nickel/Copper Project in Vietnam, a 5 hour drive north-west of Hanoi, in which it has a 90% interest.

For further details on the Company and the Project, please refer to the website at www.asianminres.com or contact:

Paula Kember, CFO

120 Adelaide Street West, Suite 2500

Toronto, ON M5H 1T1

T: 416 360 3412

F: 416 367 1954

E: info@asianminres.com

#9 Nguyen Hong Road

Ba Dinh District, Hanoi

Viet Nam

T: +84 4 3773 7997

F: +84 4 3773 7996

Forward-Looking Statements

This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding completion of the transactions described in this press release and the achievement of expected benefits, potential mineralization and reserves, exploration results and future plans and objectives of Asian Mineral Resources Limited are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Asian Mineral Resources Limited’s expectations are disclosed under the heading "Risk Factors" and elsewhere in Asian Mineral Resources Limited documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Widespread’s Asian Minerals advises prospective shareholder changes

2012-03-01T18:41:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

2 March 2012

Dear Sir,

Widespread’s Asian Minerals advises prospective shareholder changes

ASN made the announcement below in Canada a few hours ago concerning prospective shareholding changes. If these proceed (they are subject to due diligence) ASN may be in a significantly better position than it has been for at least the last two years as the new major shareholder will bring management expertise and improved access to funding to the table.

This is a significant development for both ASN and for Widespread Portfolios. Pala Investments (potentially the new major shareholder) is in the business of investing in minerals companies that need assistance and providing the tools that lead to value generation.

For and on behalf of the Board,

Chris D Castle

Seattle

2 March 2012

Suite 2500, 120 Adelaide Street West

Toronto, Ontario

M5H 1T1 CANADA

Telephone: (416) 360-3412

Email: info@asianminres.com

#9 Nguyen Hong Road

Ba Dinh District

Hanoi, VIETNAM

Telephone: +84 4 3773 7997

Facsimile: +84 4 3773 7996

ASIAN MINERAL RESOURCES LIMITED ANNOUNCES STRATEGIC INVESTMENT BY PALA INVESTMENTS HOLDINGS LIMITED

Toronto, Ontario – March 1, 2012. Asian Mineral Resources Limited ("AMR" or the "Corporation") (ASN-TSX Venture) announced today that it has entered into a subscription agreement (the “Subscription Agreement”) with Pala Investments Holdings Limited ("Pala") whereby Pala will, subject to the satisfaction of certain conditions precedent, purchase 71,666,667 units (“Units”) for total consideration of CDN$4,300,000. Each Unit will consist of one common share of the Corporation and one-half of a common share purchase warrant (“Warrants”) with each whole Warrant carrying the right to purchase one common share at an exercise price of $0.10 for a period of five years commencing on the closing date of the transaction. Concurrently, Pala has entered into a share purchase agreement (the “Share Purchase Agreement”) with Mellford Pte. Ltd. and Sword Investments Private Limited, who are affiliates of the Tecity group, to purchase from them 49,481,600 issued common shares at $0.06 a share, for an aggregate purchase price of CDN$2,968,896. The completion of the subscription for Units of AMR and the acquisition of the AMR shares pursuant to the Share Purchase Agreement are each conditional on completion of the other. Following the completion of these transactions Pala will own 121,148,267 common shares representing 44.1% of the Corporation's outstanding share capital (50.3% on a fully diluted basis after giving effect to the full exercise of the Warrants).

Concurrent with the completion of these transactions, the Corporation and Pala will also enter into an Investor Rights Agreement pursuant to which Pala will have pre-emptive rights to subscribe for additional securities of the Corporation and the right to designate two board nominees provided Pala holds 10% or more of the outstanding shares of AMR.

Pala is a multi-strategy investment company dedicated to investing in, and creating value across the mining sector in both developed and emerging markets. Mr. Jan Castro, Chief Executive Officer of Pala Investments AG, exclusive investment advisor to Pala, stated, “Pala is excited to support AMR in the continued development of the Ban Phuc Nickel/Copper Project in Vietnam. Pala looks forward to working with AMR and AMR’s other shareholders to enhance shareholder value as the Ban Phuc Project progresses."

Mr. Robin Widdup, Director of AMR, stated, "Our Board and management have been working hard for the past year to deliver a transaction that will enable AMR to complete the Ban Phuc Project and exploit the further potential that exists in the area covered by the Ban Phuc Project investment certificate. We believe that Pala brings the necessary technical, operational and financial expertise to support this objective while this transaction allows AMR’s shareholders to continue participating in potential upside from the development of Ban Phuc."

Concurrent with the above transactions, Pala has also entered into:

· a Right of First Refusal Agreement with Malaysia Smelting Corporation Berhad ("MSC"), which is also a Tecity affiliate, whereby MSC has granted Pala a right of first refusal over MSC's shareholding in the Corporation (currently 31,297,661 shares representing 15.4% of the outstanding shares);

· a Voting and Support Agreement with MSC whereby MSC is unconditionally obligated to vote its shares in favour of the transaction provided for in the Subscription Agreement and is prohibited from disposing of any of its shares or engaging in activities in furtherance of a transaction whereby a third party would acquire any shares of the Corporation; and

· a Voting and Support Agreement with Asian Lion Limited whereby Asian Lion is unconditionally obligated to vote its shares in favour of the transaction provided for in the Subscription Agreement and is similarly prohibited from engaging in activities in furtherance of a third party transaction.

Pala is entitled to conduct due diligence until April 4, 2012 and to be paid a break fee of CDN$600,000 if AMR enters into a transaction with a third party or fails to obtain regulatory or shareholder approval for the transaction. The transaction has an outside closing date of July 6, 2012 and is subject to obtaining required regulatory approvals and approval by AMR’s shareholders to be sought at a Special Shareholder Meeting. The Subscription Agreement has been posted on SEDAR at www.sedar.com.

Company Profile:

Asian Mineral Resources Limited is developing the Ban Phuc Nickel/Copper Project in Vietnam, a 5 hour drive north-west of Hanoi, in which it has a 90% interest.

For further details on the Company and the Project, please refer to the website at www.asianminres.com or contact:

Paula Kember, CFO

120 Adelaide Street West, Suite 2500

Toronto, ON M5H 1T1

T: 416 360 3412

F: 416 367 1954

E: info@asianminres.com

#9 Nguyen Hong Road

Ba Dinh District, Hanoi

Viet Nam

T: +84 4 3773 7997

F: +84 4 3773 7996

Forward-Looking Statements

This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding completion of the transactions described in this press release and the achievement of expected benefits, potential mineralization and reserves, exploration results and future plans and objectives of Asian Mineral Resources Limited are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Asian Mineral Resources Limited’s expectations are disclosed under the heading "Risk Factors" and elsewhere in Asian Mineral Resources Limited documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Net Asset Backing

2012-02-26T20:15:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

27 February 2012

Dear Sir,

Widespread Portfolios Net Asset Backing

We wish to advise that the unaudited net asset backing per Widespread Portfolios share, as at 8 a.m. today is 53.8 cents.

NET ASSET BACKING PER SHARE	Per WID share	Per WID share
Investment	AMR at market	AMR at valuation
Oil and gas assets	0.024	0.024
Asian Mineral Resources (AMR)	0.023	0.097
Chatham Rock Phosphate (based on independent valuation)	0.389	0.389
King Solomon Mines	0.014	0.014
Other investments & cash	0.015	0.015
Total ($NZ per WID share)	0.464	0.538
Current WID share price	0.160	0.160
Discount to Net Asset Backing	65.6%	70.3%

Diluted Net Assets per share

The fully diluted NTA per WID share is $0.97 assuming the listed warrants are exercised @ $2.982 and the unlisted director-held warrants are exercised @ $3.282. All warrants expire on 30 June 2012.

Net asset data is also available on our website (www.widespread.co.nz) and is updated regularly. For more information on Chatham Rock Phosphate Limited see www.rockphosphate.co.nz.

For and on behalf of the Board,

Chris D Castle

Seattle, 27 February 2012

Widespread's King Solomon Mines announces good results

2012-01-22T22:03:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

23 January 2012

Dear Sir,

King Solomon announces good results at Bu Dun Hua

China based King Solomon Mines (“KSO”) is Widespread’s third largest investment, and represents 3.7% of our total assets at its present market value of AUD 4.5 cents a share. We are the largest individual shareholder in KSO with a holding of 5.1%.

KSO made the announcement below in Australia earlier today.

For and on behalf of the Board,

Chris D Castle

Onekaka, 23 January 2012

King Solomon Mines Limited

POSITIVE results at

BDH porphyry copper project

KSO's 2011 field program at Bu Dun Hua (BDH) ended with encouraging results from BDH028, a 508m diamond drill-hole targeting the circular Ghenghis magnetic anomaly.

From approximately 150m down-hole to termination at approximately 440m below surface, the hole encountered twenty intercepts of clearly anomalous copper hosted in rhyolite porphyry or breccia.

Not only is this the first appearance of significant copper outside of the nearby Whitehorse porphyry discovered by KSO in 2010, but it is associated with a positive eastward trend (from Whitehorse) of porphyry mineralisation indicators including:

increasing sulphide levels;
increasing veining intensity;
increasing background gold levels;
increasing potassic alteration indicators
and decreasing intensity of phyllic (quartz-sericite) alteration over-print.

The drill-hole was exploring the northwest quadrant of the Ghenghis target as part of a 2011 scout program searching for mineralised porphyries outside of Whitehorse.

In addition, all of the holes in the proposed 2011 program could not be completed due to various drilling delays. Three remaining holes (Whitehorse Extended, Northern Deep and Eastern Deep) are all located within the promising eastward trend.

The Ghenghis anomaly is similar in size and shape to Whitehorse i.e. roughly circular with a diameter in the order of 700m. Both the Eastern and Northern Deep anomalies are significantly larger. Each of these targets has the space available to host a > 100Mt porphyry deposit.

Follow-up of the encouraging mineralisation and alteration results is proposed in the 2012 field season with drilling targeting the southeast quadrant at Genghis and extending deeper into the core of the target.

Stephen McPhail

Managing Director

King Solomon Mines Limited

PO Box 204-065

Highbrook

Auckland 2161

W. +644 905 9608

F. +644 905 9607

M. +6421 897 667

www.kingsolomonmines.com

Net Asset Backing Update

2011-12-29T20:40:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

30 December 2011

Dear Sir,

Widespread Portfolios Net Asset Backing

We wish to advise that the unaudited net asset backing per Widespread Portfolios share, as at 8 a.m. today is 55.7 cents.

NET ASSET BACKING PER SHARE	Per WID share	Per WID share
Investment	AMR at market	AMR at valuation
Oil and gas assets	0.022	0.022
Asian Mineral Resources (AMR)	0.032	0.103
Chatham Rock Phosphate (based on independent valuation)	0.399	0.399
King Solomon Mines	0.019	0.019
Other investments & cash	0.013	0.013
Total ($NZ per WID share)	0.486	0.557
Current WID share price	0.160	0.160
Discount to Net Asset Backing	67.1%	71.3%

Diluted Net Assets per share

The fully diluted NTA per WID share is $0.98 assuming the listed warrants are exercised @ $2.982 and the unlisted director-held warrants are exercised @ $3.282. All warrants expire on 30 June 2012.

Net asset data is also available on our website (www.widespread.co.nz) and is updated regularly. For more information on Chatham Rock Phosphate Limited see www.rockphosphate.co.nz.

For and on behalf of the Board,

Chris D Castle

Onekaka, 30 December 2011

Interim report for the six months to 30 September 2011

2011-11-29T03:14:00Z

Widespread Portfolios Limited

Interim Report

for the six months to 30 September 2011

Financial Results

Your directors submit the financial statements of Widespread Portfolios Limited for the six months to 30 September 2011.

The trading result for the period was a loss of $1,317,000 (6 months to 30 September 2010, $151,000 loss).

An analysis of the result is provided in the table below

	Six months to 30 Sept 2011 ($,000)	Six months to 30 September 2010 ($,000)
Gains on the sale of shares	7	59
Unrealised gains (losses) on trading stock		(8)
Other income	243	119
Total Income	250	170
Expenses	(266)	(277)
Net change in fair value of available for sale financial assets	(689)	-
Loss on disposal of available for sale investments	(547)
Share of CRP loss	(65)	(37)
Net Profit (loss) before income tax	(1,317)	(144)
Income tax	(7)	(7)
Net profit (loss) after tax	(1,324)	(151)

The increased loss for the period resulted from the quick sale of a number of investments in order to convert Chatham Rock Phosphate options into shares at 10 cents. These CRP shares have subsequently doubled in value.

Major Investments

Our remaining major investments are detailed in the table below on the basis of their market values as at the date of this report.

	Market Value or	Cents	Per cent
Investment	Indept. Valn ($M)	Per share	of total
Chatham Rock Phosphate	9.4	39.9	70.8%
Asian Mineral Resources	2.5	10.5	18.6%
Oil & Gas Assets	0.5	2.2	3.9%
King Solomon Mines	0.5	2.1	3.8%
Other investments and cash	0.4	1.7	2.9%
	13.3	56.4	100.0%

The valuation of shareholding in the Chatham Rock Phosphate is based on two independent company valuations prepared in March 2011 which were used as a basis for the sale of our 10% shareholding in the Chatham Rise project to Chatham Rock Phosphate Limited

All other listed assets are included at market values with the exception of Asian Minerals which (as has been the case for nine of the last eleven years) is currently included at directors’ valuation. This valuation is based on our share of Asian Minerals net assets and takes into account independent project valuation data, the strategic nature of the shareholding, our close association with the company (including board representation) and some management involvement.

Chatham Rock Phosphate Limited (“CRP”)

CRP recently announced a loss of $248,000 for the six months to 30 September 2011.

The increased deficit for the six months to 30 September 2011 reflected higher activity levels as the company moved into the second year work programme for the Chatham Rise Rock Phosphate Project.

CRP Operations Review

CRP is now a single project company, with the sole focus being the development of the rock phosphate deposit that sits within Mineral Prospecting Licence 50270 located on the central Chatham Rise.

The project now has significant momentum as milestones are being achieved across a range of initiatives. In the last 6 months there have been further developments on various fronts including operational matters, financing, and the proposed overseas listing.

Operational highlights

In recent months there has been an ongoing dialogue with three local fertiliser sector companies and CRP now expects to be able to sell product to all three.
Further market development work has been undertaken in Australia and throughout South-East Asia. Responses to initial contacts made have been encouraging and, given the two year lead time, CRP’s expectations are that it will have a healthy forward order book well before we are in full production
A scoping study has been commissioned to determine the feasibility and economics of beneficiating CRP rock phosphate (effectively raising the level of contained phosphorous). If this is successful the indications are that CRP will be able to sell more product and for a better unit price.
NIWA has completed a number of reports for CRP concerning various aspects of the Chatham Rise seabed environment. Further supplementary work is underway and once completed the reports will be published in order that there can be an informed discussion about what actually exists on and above the Chatham Rise and can put into context CRP’s planned activities there.
Recently CRP executed an agreement with one of the world’s largest integrated dredging companies, Royal Boskalis Westminster for Boskalis to undertake a number of projects that collectively comprise phase one of the planned work programme. These projects include design engineering, logistics studies and preliminary design work and environmental studies including turbidity assessments. These projects were expected to take approximately six months and if successful could lead to phase two activities incorporating final design, detailed engineering, construction and testing.

Glauconite deposits

In mid 2011 CRP arranged for two moorings to be located on the central Chatham Rise in order to measure water currents and to collect other environmental baseline data. As this required a vessel to be out on the Chatham Rise for several days in May and then July CRP decided to collect bottom samples of sandy silt from various nearby locations. The primary purpose of gathering these samples was to assist Boskalis in refining the design of its phosphate nodule recovery system.

CRP also decided to undertake a detailed analysis of the constituents of the sandy silt and this work has recently been completed. While these results are limited to a small group of samples, they do demonstrate that there are significant quantities of glauconite contained within the seabed sandy silt layer that also contains the phosphate nodules. As such it appears possible the recovery system designed to gather the phosphate nodules may also capture the glauconite fraction without incurring additional recovery costs.

Accordingly, Boskalis has now been commissioned by CRP to conduct a check analysis of the sandy silt samples and to investigate the feasibility of a secondary recovery circuit that separates the glauconite particles. Preliminary laboratory tests of a separation technique have been encouraging on a very small scale but translating this successfully into a high volume extraction system may be challenging.

Glauconite is a mica-type clay mineral containing potassium, which makes it (like the Chatham Rise rock phosphate) an ideal slow release direct application fertiliser. It can also be used in glass manufacture and for paint pigments. Glauconite powder is presently sold in Russia for fertiliser use for US$365/tonne. Recent technological advances suggest that it’s now possible to separate potassium from glauconite, which could create another market opportunity as the demand for potassium (also known as potash) is substantial. Potash presently sells for US$470/tonne, rock phosphate for US$199.

Some of the samples gathered in May and July were in two areas within the CRP licence that had not previously been explored and which had not previously been tested for the presence of rock phosphate nodules. The good news is that rock phosphate nodules were found to be present in both areas and the presently established resource of 25 million tonnes is likely to increase.

Financing

In June CRP raised a further $1.6 million from the exercise of all the June 2011 options. These funds have enabled CRP to maintain forward project momentum during the subsequent months while progress has been made toward to the overseas listing signalled 12 months ago.

In view of continuing adverse market conditions and the forthcoming year-end holidays the board of Chatham Rock Phosphate last week resolved to defer its proposed offshore initial public offering until 2012.

The purpose of the IPO is to fully fund CRP through to a mining licence grant and commencement of production. Although it remains a priority to secure full funding for the project it’s considered in the best interests of all CRP shareholders to delay seeking full funding for now. When CRP does recommence with the IPO it will be able to act quickly because the documentation is well advanced, having prepared a draft prospectus and a project technical report.

The company does need to raise capital to avoid delays in its work programme and maintain operational momentum. The CRP board is presently considering the optimum level of capital needed to be raised during this intervening period and is starting discussions with qualified investors with a view to undertaking private placements. As these matters crystallise, further details will be released by CRP to the market.

Chatham Rock Phosphate – why CRP and Widespread Portfolios is excited about this project

The concept of recovering rock phosphate from the seabed in New Zealand territorial waters has a significant number of economic, environmental and market benefits.

The economic benefits include

Import substitution of up to $300 million annually
Possible exports to nearby markets
Reduced commodity risk for fertiliser manufacturers and farmers
Reduced foreign exchange risk for fertiliser manufacturers and farmers
Development of a new industry
Generation of additional income tax, GST and royalty income for the local economy
Security of supply (most rock phosphate is imported from potentially unstable regimes in North Africa and the Middle East)

The environmental benefits include

CRP product is significantly lower in cadmium and uranium than imported product
Much lower carbon footprint than imported product
If applied as a direct application fertiliser CRP has less run off than super-phosphate, is applied once every three years, and is a more effective, slower acting product
Extraction will affect only 1/1000^th of the Chatham Rise total area and will be intermittent
Extraction will occur in accordance with International Marine Mining environmental guidelines

The market benefits include

Much cheaper source than Morocco
25+ years security of supply
Known extraction costs will allow fixed price contracts over several years which will benefit New Zealand fertiliser companies, farmers and agriculture outputs generally as fertiliser pricing will be less of a lottery

Outlook

Widespread's Akura reports oil exploration results

2011-11-28T03:17:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

26 November 2011

Dear Sir,

Akura advises oil exploration results

Fiji based Akura Limited is one of Widespread’s oil sector investments. We hold 7.2% of the company.

Akura recently made the announcement below which signals promising hydrocarbon indications.

For and on behalf of the Board,

Chris D Castle

Takaka, 26 November 2011

This is a special information release to shareholders of Akura Limited (Akura) relating to exploration work carried out in OEL 3/2009, Nadi in September, 2011 and is dated 19 November, 2011.

EVIDENCE OF SIGNIFICANT OIL RESERVOIRS IN OEL 3/2009, NADI, FIJI.

BASED ON HYDROCARBON SOIL GAS (HSG) SAMPLING

TENEMENT SITUATION

The area of interest lies within the eastern-central portion of OEL 3/2009 in the Nadi Bay area, both offshore and onshore and comprising ~ 250 km2 (see attached plan). Akura holds a 100% interest in OEL 3/2009, which was granted on 21 August, 2009 for a period of five years and covers the western portion of the Nadi Sedimentary Basin (NSB). Akura lodged an additional application for an oil exploration licence on 18 November, 2011 with Mineral Resources Department (MRD) to cover the eastern portion of the NSB, which was previously within the former OEL 2/2008, to the east of OEL 3/2009 and contiguous with it. OEL 2/2008 was held by Southern Cross Management System Limited (SCM) and was recently cancelled by MRD because of a failure by SCM to comply with work conditions and, an objection to its cancelation, could be expected from SCM. The new application by Akura covers ~2,000km2 and extends northward to Lautoka and Ba in order to cover two HSG anomalies located in a reconnaissance sampling program in 1998.

BACKGROUND

Reprocessing of the offshore Nadi seismic data by Akura in 2010 and a review of the previous petroleum exploration wells, gravity data and analytical hydrocarbon data showed that the plus 5km thick NSB was a fault-controlled, half-graben structure with an active petroleum generating system. One prospect and four leads were identified from the reprocessed seismic data in shallow (~20m) water depths in Nadi Bay with a total recoverable resource of 10.9

MMBO at P10 plus 3.7 MMBO at P90 confidence levels (see attached plan). These results led Akura to select Nadi as the most likely onshore location in the Fiji Islands, in which to find oil, and Geochemical Exploration Services Inc. (GES) of Plano, Texas was engaged to undertake a HSG sampling program in the Nadi area in September, 2011. GES is an experienced operator in this field with years of service to many clients in many parts of the planet. A total of 447 samples was collected in an area of ~50km2 with samples being collected along roads, tracks and streets with a sample spacing of 200m and were analysed for methane, ethane, propane, butanes, pentane and hexane. The survey was conducted as a government approved project in consultation with the District Administration of the Western Division and the Special Administrator of the Nadi Town Council and with the co-operation of all stakeholders (landowners and service providers).

The concept of HSG sampling is based on the fact that all petroleum reservoirs leak and that the leaking gases and volatiles can be detected in the soils and, with adequate data, various tests can be applied to determine the type of petroleum reservoir, if any, underlying a HSG anomaly.

NADI HSG SAMPLING PROGRAM

Samples were collected by an experienced operator from GES using a handheld, motorised drill, with 15cc of soil gas being collected from a depth of ~60cm near the bottom of the hole and being extracted from the centre of the drill rod via an external nipple into a syringe and stored in steel savers for transport to the U.S. for analysis. Normally the analytical process does not include pentane and hexane, which are liquids at 20°C, but, because of the strong presence of these two compounds, the technique was expanded to include them.

The sampled area consists mainly of the Meingunyah Formation, a ~100m deep fluviatile and marine deposition system in an old Nadi Bay and now, in part, covered by sediments from a recent marine incursion and also by sediments from the Nadi River flood plain. The Meingunyah Formation un-conformably overlies the potentially hydrocarbon-bearing Pliocene and Miocene sediments in the NSB. The cost of the HSG program, including reporting, was ~FD100,000.

OBSERVATIONS & INTERPRETATION OF RESULTS

Based on the HSG results obtained in September, GES concluded that , “The Nadi area appears to contain significant reservoirs of oil…..,” and they also concluded that further sampling was necessary prior to interpretation of the data; since then, the pentane and hexane results have become available and the hexane distribution clearly provides a more meaningful indication of the patterns of oil leakage, which appear to be concentrated in outer halo structures, which enclose hydrocarbon anomalous areas, as shown on the attached plan. GES has endorsed the interpretations provided herein.

Five areas (H1 to H5) of anomalous hexane and other hydrocarbons have been identified with the largest area, H3, of ~18km2 (8.5km by 2km) covering part of the Nadi International Airport, urban, business and farming areas. This area is defined by an outer halo of high values of hexane, pentane, butane and methane. Traverses across the halo are generally 0.5 to 1km apart, but may be as much as 2.5km apart. The H3 halo has a circumference of 23 km and is currently defined by 35 sample sites with values ranging from 8.4 to 200 PPM hexane and with maximum values of 157 PPM methane, 21.2 PPM butane and 5.2 PPM pentane. Ethane and propane (C2+C3) values have a maximum of 2.0 PPM and are generally <1 PPM. The hexane halo is viewed as indicating the presence, at depth, of a filled-to-spill oil reservoir with the trap being a fault-modified, four-way closure, which lies along strike from a mapped anticlinal structure in the outcropping Miocene rocks. Within the area bounded by the halo there are hexane highs, which tend to form straight or arcuate lines and are thought to represent leakage along fractures above the reservoir.

\The H1 area lies to the south of H3 and covers the area of Nadi Town and extends to the east and west, covering ~ 8km2. Like the H3 area, it is defined by an outer halo of high values and the halo has a circumference of 16 km and is defined by 15 sample sites with values ranging from 11 to 140.5 PPM hexane, with maximum values of 88 PPM methane, 12.6 PPM butane and 3.5 PPM pentane.

The H4 partial halo has been outlined over an arcuate distance of 5 km and is defined by seven sample sites with values ranging from 9 to 75.7 PPM hexane, with maximum values of 90 PPM methane, 7.1 PPM butane and 2.3 PPM pentane.

The H5 area is the northern-most and is close to the graben bounding fault along the Sabeto Range; it is open to the northwest and the partial halo has a circumference of 6.5 km and is defined by twelve sample sites with values ranging from 24 to 90 PPM hexane, with a maximum of 95 PPM methane, 8.2 PPM butane and 3.0 PPM pentane

The H2 area covers part of Denarau Island and the southern boundary of a possible halo has been outlined over a length of 4 km by five sample sites with values ranging from 44 to 74.3 PPM hexane, with maximum values of 90 PPM methane, 7.0 PPM butane and 2.0 PPM pentane. Much of the rest of the halo will lie in the marine domain and there is evidence to support this with known thermogenic methane and “oil indicative anomalies” offshore from Denaru Island, as recorded in the early 1980s. Curiously, the legendary burning island of Fiji folk law was one of the anomalous sample sites and lies on the halo to the east of Denarau Island. Buabua 1 and 2 wells were drilled and abandoned in 1981/82 at depths of ~300m due to bad ground, after intersecting shows of oil and gas. The following quotes are taken from the daily telex reports by the well site geologist: “a good blow of gas,” which lasted for 5 hours, was obtained after a perforation test at 208 to 210m; bubbles of condensate, which “evaporated in 10 seconds leaving a waxy residue, ” were first noted at 207.3m together with “shows of greenish brown, waxy oil,” and the drill pipe had, “a rainbow of oil coating” when racked in the derrick. Analytical work in the U.S. confirmed the presence of pentane, hexane and heptane as well as the lighter gases. It is unfortunate that one of these wells, drilled for stratigraphic purposes, did not reach its target depth of 700m. Clearly much more work is required at H2; however, because of the expense and difficulty of operating in the marine environment, preference will be given to the onshore areas.

The anomalous ethane and propane values do not correlate with the anomalous hexane, pentane, butane and methane values and form a larger (~25km2) area more or less coincident with the H3 and H4 areas. This is a separate population of values and is thought to emanate from a separate source, or reservoir. The C2+C3 values appear to be compatible with published data relating to the Loma de La Lata oil and gas field, Argentina. Within the C2+C3 anomalous area there is a possible ring structure with a diameter of 4km and marked by higher C2+C3 values up to 26.2 PPM as shown on the attached plan.

ONGOING FIELD WORK

GES has been contracted to conduct an infill HSG sampling program in December, which will be designed to define the H3, H1 and H4 haloes together with the C2+C3 anomalous zone. Additional specialist sampling may be undertaken to define the liquid hydrocarbons occurring in the soils together with identification of biomarkers. A review of results will be undertaken in Q1 of 2012 and discussions will be held with the providers of appropriate seismic technology. Hopefully, onshore drill targets will be defined within seven months.

Clearly, the HSG anomalies will require a re-assessment of the hydrocarbon potential and resources of the Nadi Sedimentary Basin and this will be undertaken after results are available from the December HSG sampling.

FUTURE PLANS

Private capital raising at F$1.50 a share is in progress in order to raise the funds necessary for the follow-up HSG sampling in December. Shareholders will also be offered the opportunity to subscribe for additional shares at F$1.50. In early 2012 the hydrocarbon assets of Akura will be reviewed and a new corporate valuation established. Further capital raising will follow in order to fund a major HSG program in the Nausori-Tailevu area in OELs 1/2009 and 2/2009, including the Nasilai and Maumi Prospects. This will be followed by shallow, land seismic acquisition in both the Nadi and Nausori-Tailevu areas and use of the technology developed by the Curtin University (WA) is being examined. Subject to the availability of funds and suitable targets being defined, then drilling of four to six wells is proposed to commence in Q3 of 2012 or Q1 of 2013. Listing on the South Pacific Stock Exchange is viewed as an integral part of capital raising in Fiji.

SHARE CAPITAL

Currently, Akura has 1,256,802 fully paid, ordinary shares on issue.

W. A. Brook, T. J. Casey,

Managing Director, Chairman,

Akura Limited. Akura Limited.

19 November, 2011.

Nadi, Fiji Islands.

Net Asset Backing

2011-11-10T22:11:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

11 November 2011

Dear Sir,

Widespread Portfolios Net Asset Backing

We wish to advise that the unaudited net asset backing per Widespread Portfolios share, as at 8 a.m. today is 56.6 cents.

NET ASSET BACKING PER SHARE	Per WID share	Per WID share
Investment	AMR at market	AMR at valuation
Oil and gas assets	0.022	0.022
Asian Mineral Resources (AMR)	0.034	0.103
Chatham Rock Phosphate (based on independent valuation)	0.399	0.399
King Solomon Mines	0.026	0.026
Other investments & cash	0.016	0.016
Total ($NZ per WID share)	0.497	0.56.6
Current WID share price	0.140	0.140
Discount to Net Asset Backing	71.8%	75.3%

Diluted Net Assets per share

Net asset data is also available on our website (www.widespread.co.nz) and is updated daily. For more information on Chatham Rock Phosphate Limited see www.rockphosphate.co.nz.

For and on behalf of the Board,

Chris D Castle

Onekaka, 11 November 2011

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Net Asset Backing

2011-10-27T21:45:00Z

New Zealand Exchange Limited
P.O. Box 2959
Wellington

28 October 2011

Dear Sir,

Widespread Portfolios Net Asset Backing

We wish to advise that the unaudited net asset backing per Widespread Portfolios share, as at 8 a.m. today is 56.3 cents.

NET ASSET BACKING PER SHARE	Per WID share	Per WID share
Investment	AMR at market	AMR at valuation
Oil and gas assets	0.022	0.022
Asian Mineral Resources (AMR)	0.033	0.100
Chatham Rock Phosphate (based on independent valuation)	0.399	0.399
King Solomon Mines	0.028	0.028
Other investments & cash	0.014	0.014
Total ($NZ per WID share)	0.496	0.56.3
Current WID share price	0.155	0.155
Discount to Net Asset Backing	68.8%	72.5%

Diluted Net Assets per share

Net asset data is also available on our website (www.widespread.co.nz) and is updated daily. For more information on Chatham Rock Phosphate Limited see www.rockphosphate.co.nz.

For and on behalf of the Board,

Chris D Castle

Wellington, 28 October 2011

Widespread Portfolios - NZX Announcements

Widespread Portfolios advises Kotuku oil exploration initiative

Widespread's Asian Minerals advises board changes

Widespread’s Asian Minerals advises successful Pala agreement

Asian Minerals amends Pala agreement

King Solomon Mines announces drilling commencement

Net Asset Backing Update

Per WID share

Widespread's Asian Minerals advises board changes

Widespread’s Asian Minerals advises prospective shareholder changes

Net Asset Backing

Per WID share

Widespread's King Solomon Mines announces good results

Net Asset Backing Update

Per WID share

Interim report for the six months to 30 September 2011

Major Investments

Chatham Rock Phosphate – why CRP and Widespread Portfolios is excited about this project

Widespread's Akura reports oil exploration results

Net Asset Backing

Per WID share

Net Asset Backing

Per WID share