Interim Results

Amur Minerals Corporation
03 September 2007




3 September 2007                                                        AIM: AMC


                           Amur Minerals Corporation
                           ('Amur' or 'the Company')

               Interim Results for the six months to 30 June 2007
                             and Operations Update


Amur Minerals Corporation ('Amur' or the 'Company'), the AIM quoted
nickel-copper resource development company with assets in Russia, announces its
interim results for the 6 month period ended 30 June 2007:


Highlights

       • Initiated the fourth exploration field season at Kun-Manie.
       • Identified 2 new drill targets at Kun-Manie
       • Continued in fill and resource expansion drilling with focus on the
         four previously identified deposits.
       • Acquired the Kustakskaya exploration and mining licence with nickel,
         copper and copper-molybdenum targets located adjacent to and 
         immediately east of Kun-Manie
       • Initiated its first field exploration season at the copper-gold
         Anadjakan licence
       • Completed a £2.79 million private placement of 15.5 million new
         Ordinary Shares at a price of 18p per Ordinary Share

Robin Young, CEO of Amur Minerals Corporation, commented, 'The first half of
this year has been focused on increasing and consolidating our knowledge within
the Kun-Manie and Anadjakan licences.  We will have some very tangible results
of this work in the coming months as our analytical results become available.
We remain confident in our ability to continue to build shareholder value
through effective exploration and detailed examination of our exploration
results. '


ENDS


Full Chairman's Statement and Financial Statements follow.


Enquiries:

Amur Minerals Corp.      Fox-Davies Capital       RBC Capital Markets           Parkgreen Communications
Robin Young, CEO         Daniel Fox-Davies        Andrew Smith/Martin Eales     Justine Howarth/Erica Nelson
[phone]          [phone]     [phone]          [phone]



Chairman's Statement and Operations Update

Introduction

Results for the half year to 30 June 2007

As our knowledge and database expand, we continue to advance Kun-Manie toward
development with our pre-feasibility studies and additional metallurgical
optimisation expected to be ready by year end.  Amur Minerals capitalised direct
project-related expenditure amounting to US$1.9 million during the period,
compared to US$616,000 during the same period in 2006.  These capitalised
exploration costs will be amortised against future income once the mine is in
production. With commercial production yet to commence at any of Amur Minerals'
projects, no revenue was earned during this period.  Additional expenditure of
US$1.1 million was charged as an expense. The Group ended the period with US$5.8
million in cash versus US$740,000 in accounts payable, resulting in a quick
ratio of a very healthy 7.8:1  No profits taxes were payable over the period.

Additional Financing

In April, Amur Minerals placed 15.5 million new Ordinary Shares at a price of
18p per Ordinary Share to raise approximately £2.79 million gross.  The funds
invested will support the continued development of both the Kun-Manie nickel
copper project and exploration of the Anadjakan copper-gold project, as well as
other selected projects in the Russian Far East.  Following the financing, Amur
Minerals has 101,703,938 shares outstanding (fully diluted, 110,995,394). Amur
is confident it will continue to identify, acquire and finance high quality
projects such as Kun-Manie and Anadjakan.

Pre-Feasibility Study

During the first half of 2006, the Company continued the work initiated in late
2005 on a pre-feasibility study for Kun-Manie.  When we began the study, we had
completed a total of 12 months of field work on site at Kun-Manie, providing a
good indication of how rapidly we have advanced this challenging project.  The
work undertaken during the period by the Company and our contractors has
included:

        • Metallurgical test work to develop a flow sheet and material balances,
          assuming standard Russian processes
        • Identification of road and power access options
        • On site study of rock mechanics to determine ultimate pit slope
          stability parameters
        • Advanced on site studies of structural geology
        • Siting studies for processing plant, tailings dam and mine waste rock
          dump
        • Drilling to acquire samples for additional metallurgical test work to
          optimise the flow sheet parameters and assess the feasibility of 
          additional processing on site


As we release these interim results, we have asked SRK, our primary contractor
on the pre-feasibility study, to include data from a separate study on the
preliminary commerciality of a flash smelter or electric arc furnace.  This
separate scoping study, which is being compiled by a leading international
engineering firm in the metals processing business, is expected to be available
in the near term.  SRK will incorporate these results in the prefeasibility
study targeted for release in October of this year.


On Going Exploration

Exploration drilling continues within existing drilled targets.  Both in fill
and step out drill programmes are being conducted.  The work is designed to
increase the Company's confidence in the continuity of the mineralisation and to
define the limits of mineralisation.  This work is focused within the
Vodorazdelny, Ikenskoe and Maly Krumkon deposits.  Results will be utilised in
the first filings with the State Committee on Reserves (GKZ) to convert the
exploration licence into a mining licence.


New Drill Targets at Kun-Manie

During the first half of 2007, we announced that two new drill targets at
Kun-Manie have been identified.  These new areas are known as Yan Hegd and
Kubuk.  Yan Hegd is located 8 kilometres north of the Ikenskoe deposit and is
the Company's first discovery outside the main Krumkon Trend opening new terrain
for discovery potential.

In Yan Hegd, geophysics, geochemistry and geology are mutually supportive over
an area covering at least two square kilometres.  We have 48 rock chip samples
averaging 0.18% Ni with grades up to 0.4% from the leached surface outcrops,
while our geological mapping indicates that the formation in the area is
vertical.  The next phase of exploration will include detailed geological
mapping, ground based geophysics and additional geochemical sampling, with later
exploratory drilling to confirm the structure and near-surface potential to host
nickel-copper mineralisation.

Kubuk is located four kilometres to the east of the Ikenskoe deposit.  Detailed
geological mapping has identified a series of three to four, layered shallow
dipping ultramafic sills extending along the Krumkon Trend.  Anomalous rock chip
samples as well as stream sediment samples indicate grades up to 1.0% nickel.
Within one of the sills, two channel sampled trenches located about 170 metres
apart confirm the presence of nickel mineralisation similar to that derived in
the previous sampling programmes.  Both trenches begin and end in strong
mineralisation indicating the zone could be thicker exposed in the trenches.
The first trench contains 33.9 metres averaging 0.63% Ni and 0.17% Cu while the
second has a mineralised length of 11.0 metres at 0.51% Ni and 0.12% Cu.


Anadjakan

This year sees our first field work at the Anadjakan copper-gold project.  We
completed a site visit, including specialists from SRK, to certify the field
procedures we are to use.  In late May, we began a comprehensive soil sampling
programme designed to confirm historical data in the area and to assess
previously untested areas.  The programme for the year also includes geological
mapping.


Kustakskaya

Kustakskaya was acquired for 6.3m Russian Roubles (US$240,000) in February 2007,
to explore for nickel, copper, platinum and associated metals.  Located near to
the Kun-Manie project, the area contains two separate geological terrains.  The
southern half of the licence exhibits the same geologic settings and contains
the same types of rock and similar nickel mineralization observed along the
Krumkon Trend.  The northern half of the licence is characterised by Mesozoic
porphyry copper style intrusions that have seen little historic exploration.
The licence was registered in April 2007 and runs for 25 years. Exploration will
be conducted in a phased approach with work on the ground beginning in 2008.


Outlook

As of the date of this announcement, we have drilled approximately 4,000 metres
of this year's programme and are awaiting the final analytical results.  During
the autumn we will complete the pre-feasibility study at Kun-Manie with an
expanded scope assessing the potential of producing a final saleable nickel
copper product on or near the site.  This includes examining  the viability of
using a flash smelting and / or electric arc furnace to produce a nickel matte.
We will also make the first filings to the Russian State Committee for Reserves
(known as GKZ) to have parts of the Kun-Manie licence area classified as C1 and
C2 reserves under the Russian system.  As with previous years, we will compile
an updated resource estimate and valuation taking into account the results of
this year's exploration work.  We will also review the data collected from an
extensive sampling programme undertaken at Anadjakan.  Results will be used to
guide the planning for the appropriate follow-on exploration phases to be
conducted in 2008 and ensuing years.  The results of this work will be a clear
roadmap for getting Kun-Manie from the development stage to production.



Robert W. Schafer
Chairman
3 September 2007


Notes to Editors


About Amur Minerals

Amur Minerals Corporation (AMC) is a rapidly-growing mineral resource
exploration and development company focused on base metal projects located in
the far east of Russia. Growth has been the result of the acquisition of an
additional exploration property and the continued exploration within the
Kun-Manie nickel copper flagship property.  The Company has three properties in
the region with its principal asset being the Kun-Manie sulphide nickel, copper
project located in Amur Oblast. The associated JORC compliant resource contains
more than a quarter of a million tonnes of contained nickel, Kun-Manie is one of
the five largest new nickel sulphide discoveries since Voisey's Bay.



AMUR MINERALS CORPORATION AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
AS OF 30 JUNE 2007
(Amounts in '000s US Dollars)                                                                                   



                                                        Note           30 June       31 December
                                                                         2007            2006
                                                                       ________         ________
NON-CURRENT ASSETS
Capitalised exploration costs                                            7,993            6,275
Property, plant and equipment                                              103               12
                                                                       ________         ________

Total non-current assets                                                 8,096            6,287
                                                                       ________         ________
CURRENT ASSETS
Cash and cash equivalents                                                5,836            2,999
Other receivables                                                          579               61
                                                                       ________         ________
Total current assets                                                     6,415            3,060
                                                                       ________         ________
Total assets                                                            14,511            9,347
                                                                       ________         ________
CURRENT LIABILITIES
Trade and other payables                                                   740               15
                                                                       ________         ________
Total current liabilities                                                  740               15
                                                                       ________         ________
SHAREHOLDERS' EQUITY
     Share capital                                          8           12,719            7,143
     Share premium                                                       8,310            8,838
     Accumulated losses                                                 (8,279)          (7,121)
     Options reserve                                        9            1,021              472
                                                                       ________         ________
Total shareholders' equity                                              13,771            9,332
                                                                       ________         ________
Total liabilities and shareholders' equity                              14,511            9,347
                                                                       ________         ________



Approved on behalf of the Board on 31 August 2007.



Robin Young                                           David Wood


The accompanying notes form an integral part of these financial statements.


AMUR MINERALS CORPORATION AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
AS OF 30 JUNE 2007

(Amounts in '000s US Dollars)



                                                          Note    6 Months ended          6 Months ended
                                                                    30 June 2007            30 June 2006
                                                                      ________                  ________

Administrative expenses                                                  (873)                     (731)
Grant of options                                          9              (349)                     (373)
                                                                      ________                  ________
Operating loss                                                         (1,222)                   (1,104)

Investment provision                                                        -                      (110)

Foreign currency exchange adjustment                                       33                        26

Bank interest received                                                     31                        42
                                                                      ________                  ________
Loss before tax                                                        (1,158)                   (1,146)

Taxation                                                                    -                         -
                                                                      ________                  ________
Loss for the period                                                    (1,158)                   (1,146)
                                                                      ________                  ________

Loss per share: basic & diluted                                     USD (0.01)                USD (0.02)





The accompanying notes form an integral part of these financial statements.

AMUR MINERALS CORPORATION AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
AS OF 30 JUNE 2007
(Amounts in '000s US Dollars)

                                                                         6 Months ended         6 Months ended
                                                                           30 June 2007           30 June 2006
                                                                  Note
                                                                              ________               ________
Cash flow from operating activities:
Net Loss before Taxation                                                       (1,158)                (1,146)
Adjustments to reconcile loss before tax to net cash used in
operating activities:
Depreciation                                                                        4                      5
Grant of options                                                     9            349                    373
Interest income                                                                   (31)                   (42)
Investment provision                                                                -                    110
Decrease/(increase) in accounts receivable                                        114                   (117)
Increase / (decrease) in accounts payable                                          66                   (595)
                                                                              ________               ________
Net cash used in operating activities                                            (656)                (1,412)
                                                                              ________               ________

Cash flow from investing activities:
Exploration expenditure                                                        (1,692)                (1,043)
Purchase of property, plant and equipment                                         (95)                   (10)
Interest received                                                                  31                     42
Investment                                                                          -                   (110)
                                                                              ________               ________
Net cash used in investing activities                                          (1,756)                (1,121)
                                                                              ________               ________

Cash flow from financing activities:
Proceeds from issue of share capital                                            5,283                  6,433
Repayment of prepaid share capital                                                  -                   (125)
Financing costs associated with share issues*                                     (35)                  (746)
                                                                              ________               ________
Net cash from financing activities                                              5,248                  5,562
                                                                              ________               ________

Net change in cash and cash equivalents                                         2,836                  3,029

Cash and cash equivalents brought forward                                       2,999                  2,042
                                                                              ________               ________
Cash and cash equivalents carried forward                                       5,836                  5,071
                                                                              ________               ________

Material non-cash transactions

Proceeds from issue of shares retained by broker                                  293                    686
Expenses paid by broker                                                          (293)                  (686)
                                                                              ________               ________



* Includes commissions paid on financing raised and costs associated with
listing.

The accompanying notes form an integral part of these financial statements.


AMUR MINERALS CORPORATION AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
AS OF 30 JUNE 2007
(Amounts in '000s US Dollars)


                                                               Share           Accumulated    Options
                                         Share capital     premium account       losses       Reserve    Total
                              Notes          _________       _________          _________   _________   _______

Balance at 31 December 2005                        15          10,108             (5,613)          -     4,510
                                             _________       _________          _________   _________   _______         
                                      
Net loss for the period                             -               -             (1,146)          -    (1,146)

Shares issued                                   7,128               -                  -           -     7,128

Premium on shares issued                            -             334                  -           -       334

Premium on share options                            -               -                  -         621       621

Costs associated with issue                                                                          
of share capital                                    -          (1,586)                 -           -    (1,586)
                                             _________       _________          _________   _________   _______         
Balance at                                                                                                     
30 June 2006                                    7,143           8,856             (6,759)        621     9,861
                                             _________       _________          _________   _________   _______         
Net loss for the period                                                             (362)          -      (362)

Costs associated with issue                        
of share capital                                    -             (18)                -            -       (18)

Adjustment to premium on                           
share options                                       -               -                 -         (149)     (149)
                                             _________       _________          _________   _________   _______         
Balance at                                                                                         
31 December 2006                                7,143           8,838           (7,121)          472     9,332
                                             _________       _________          _________   _________   _______         
Net loss for the period                             -               -           (1,158)            -    (1,158)

Shares issued                   8               5,576               -                 -            -     5,576

Premium on shares issued                            -               -                 -            -         -

Costs associated with issue     8                   -           (328)                 -            -      (328)
of share capital

Issue of options                9                   -           (200)                 -          549       349
                                             _________       _________          _________   _________   _______         
Balance at 30 June 2007                        12,719           8,310           (8,279)        1,021    13,771
                                             _________       _________          _________   _________   _______         


The accompanying notes form an integral part of these financial statements.


AMUR MINERALS CORPORATION AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
AS OF 30 JUNE 2007
(Amounts in '000s US Dollars)

     
1.   REPORTING ENTITY

Amur Minerals Corporation (the 'Company') is a company domiciled in the British
Virgin Islands. The condensed consolidated interim financial statements as at
and for the six months ended 30 June 2007 comprise the Company and its
subsidiaries (together referred to as the 'Group').

The consolidated financial statements of the Group as at and for the year ended
31 December 2006 are available upon request from the Company's registered office
at Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands,
from offices of RBC Capital Markets, One Queenhithe EC4V 4DE, London or at
www.amurminerals.com.

     
2.   STATEMENT OF COMPLIANCE

These condensed consolidated interim financial statements have been prepared in
accordance with International Accounting Standard (IAS) 34 Interim Financial
Reporting. They do not include all of the information required for full annual
financial statements, and should be read in conjunction with the consolidated
financial statements of the Group as at and for the year ended 31 December 2006.

     
3.   SIGNIFICANT ACCOUNTING POLICIES

Except as described below, the accounting policies applied by the Group in these
condensed consolidated financial statements are the same as those applied by the
Group in its consolidated financial statements as at and for the year ended 31
December 2006.

In preparing the financial statements of the Group, transactions in currencies
other than the entity's functional currency (foreign currencies) are recorded at
the average rates of exchange prevailing during the month of the transactions.
At each balance sheet date, monetary items denominated in foreign currencies are
retranslated at the rates prevailing on the balance sheet date.

Notwithstanding the foregoing, the Group has recorded the receipt of proceeds,
which were denominated in British Pounds for the placement of shares on 15 March
2006 and 27 April 2007 at the prevailing exchange rates on those dates, which
were US$1.74 and $1.99 / GBP, respectively.

The following new standards are effective but are considered not applicable to
the Group:

•    Amendment to IAS 19, 'Actuarial gains and losses, group plans and
     disclosures'
•    Amendment to IAS 39, Amendment to 'The fair value option'
•    Amendment to IAS 21, Amendment 'Net investment in a foreign operation'
•    Amendment to IAS 39, Amendment 'Cash flow hedge accounting of forecast
     intragroup transactions'
•    Amendment to IAS 39 and IFRS 4, Amendment 'Financial guarantee contracts'
•    IFRIC 4, 'Determining whether an arrangement contains a lease'
•    IFRIC 5, 'Rights to interests arising from decommissioning, restoration and 
     environmental rehabilitation funds'
•    IFRIC 6, 'Liabilities arising from participating in a specific market
     - waste electrical and electronic equipment'

The following new standards, amendments to standards and interpretations have
been issued but are not effective for 2007 and need not be early adopted:

•    IFRS 8, 'Operating Segments'
•    IFRIC 7, 'Applying the Restatement Approach under IAS 29'
•    IFRIC 8, 'Scope of IFRS 2'
•    IFRIC 9, 'Reassessment of Embedded Derivatives'



Management has considered the above standards and interpretations and decided
not to adopt them for the year ended 31 December 2007, and hence they have not
been adopted in these interim financial statements.


AMUR MINERALS CORPORATION AND ITS SUBSIDIARIES
Condensed consolidated balance sheet
AS OF 30 June 2007
(Amounts in '000s US Dollars)

     
4.   SEASONALITY OF OPERATIONS

Due to the seasonal nature of exploration work in the region where the Group
operates, prepayments have been made at 30 June 2007, which will be capitalised
in the second half of the year, when the work is performed.

     
5.   ESTIMATES

The preparation of interim financial statements requires management to make
judgments, estimates and assumptions that affect the application of accounting
policies and the reported amounts of assets and liabilities, income and expense.
Actual results may differ from these estimates.

The most significant assumption in the preparation of these financial statements
relates to the recoverability of capitalised exploration costs included in
non-current assets.  Management have prepared a cashflow, estimating costs of
development of the mine and net profits once the mine has been put into
operation.  The main estimates required in calculating the future cashflows are:

•    Development costs to date of operations
•    Future sale price of metals extracted
•    Amount of reserves available for extraction
•    Operating expenses per tonne of metal extracted

Based on the cashflow prepared, there is no impairment of the capitalised
expenditure to date.  However, the exploration is still at an early stage and a
change in any of the above areas could result in a significant impact on the
estimated future cashflows.


6.   FINANCIAL RISK MANAGEMENT

The Group faces exposure to currency fluctuations of the US Dollar (the Group's
functional currency) against both the British Pound and the Russian Rouble.  The
Group buys and holds on deposit Roubles and Pounds in order to cover a
proportion of the current year's anticipated expenditures in those currencies.


7.   CAPITAL COMMITMENTS

The Group entered into a contract for geological works with Dalgeophysica in
March 2007.  The total value of the contract is approximately USD 3.5 million.
As at 30 June 2007, the Group had incurred USD 850 thousand in respect of this
commitment (2006: USD 563 thousand of a total contract value of USD 1.9 million)

     
8.   SHARE CAPITAL

                                           30 June 2007       31 December 2006         30 June 2006
                                           ____________          ____________          ____________
Number of Shares (no par value):
Authorised                                  150,000,000          150,000,000            150,000,000
                                           ____________          ____________          ____________
Issued and fully paid                       101,703,938           86,203,938             86,195,938
Issued but not fully paid                             -                    -                  8,000
                                           ____________          ____________          ____________
Total issued                                101,703,938           86,203,938             86,203,938
                                           ____________          ____________          ____________



AMUR MINERALS CORPORATION AND ITS SUBSIDIARIES
Condensed consolidated balance sheet
AS OF 30 June 2007
(Amounts in '000s US Dollars)

     
8.   share Capital


Share Placement

On 27 April 2007 the Company issued 15,500,000 ordinary shares of no par value
at GBP 0.18 each in a private placement to institutional and select qualified
retail investors raising financing of USD 5.6 million.  These shares have been
admitted to the AIM market of London Stock Exchange plc.  The resultant number
of shares in issue is 101,703,938.  The costs associated with the issue of USD
328 thousand have been taken to the share premium reserve.

     
9.   SHARE-BASED PAYMENTS


                                                           30 June 2007           30 June 2006

Vesting of share options declared in 2006                               62                    373
Share options issued in May 2007 (see below)                           287                      -

Grant of options included in Income Statement                          349                    373



In May 2007, 1,472,000 share options were granted to executive and non-executive
directors and employees.  In addition, 775,000 share options were granted to
Fox-Davies Capital pursuant to an engagement letter for fundraising dated
February 2007.  The exercise price of the options of GBP 0.18 is equal to the
price at the share placement in late April 2007.  There are no vesting
provisions for the options.  The fair value of the options is estimated at the
grant date using a Black-Scholes model, taking into account the terms and
conditions on which the options were granted.  The contractual life of each
option is five years.  There is a 'best efforts' cash settlement option which
does not obligate the Group to settle the options in cash.  The fair value of
options granted during the six months ended 30 June 2007 was estimated on the
grant date using the following assumptions:



Share price:                                                                           18p
Exercise price:                                                                        18p
Expected volatility:                                                                   39%
Option life (expressed as weighted average life used in the modeling                     5
under Black-Scholes model)
Expected dividends                                                                       0
Risk free rate (US treasury 5yr)                                                     4.59%


The resulting charge for 2,247,000 options is USD 487 thousand, of which USD 287
thousand is recorded in administrative expenses and USD 200 thousand has been
recorded as a charge against share premium.

     
10.  RELATED PARTIES

Key management personnel and directors received total compensation of USD 547
thousand for the six months ended 30 June 2007 (six months ended 30 June 2006
USD 582 thousand), including the value of options granted (see note 9).  As at
30 June 2006, there were no balances owing to directors or management.


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