New Drill Target Identified

Amur Minerals Corporation
01 February 2007


1 February 2007



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


                      Amur Identifies a New Drill Target -
                        Expanding Exploration Portfolio


Amur Minerals Corporation (AIM: AMC) announces it has identified the Yan Hegd
Area as a new drill target.  This follows the results from the 2006
reconnaissance exploration work and analytical results from grab samples within
Kun-Manie Project Area. The discovery adds a seventh drill target to the
Company's rapidly developing Nickel-Copper project.  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. .


Key results and observations follow:


  • Yan Hegd is located outside the Krumkon Trend, the Company's primary
    exploration target, opening new terrain for discovery potential.


  • Centered on a 6 km(2) area where websterite outcrops, similar to those
    found at Kun-Manie, have been observed on the surface.  Websterite is the
    high iron and magnesium bearing host rock that contains the nickel and
    copper mineralisation thus far defined by Amur at Kun-Manie.


  • Structural mapping indicates that the websterite occurs within a near-
    vertical pipelike structure.  This is the first occurrence of the host rock
    in this orientation, and it is typical of deep sourced structures.


  • The western half of the area is characterised by a magnetic anomaly
    detected in an airborne geophysical survey a response which tends to occur
    over areas of higher metal content.


  • Selective grab sampling in the area has confirmed the presence of
    anomalous nickel grades in the surface outcrops.  Grades up to 0.4% nickel
    have been obtained.  Samples at the surface tend to have been leached and
    often carry lower values than materials encountered below the zone of
    oxidation which is limited to a few metres.  These values are similar to
    those encountered during exploration of areas containing the thus far
    drilled resources.


The next phase of exploration will include additional detailed geological
mapping, ground based geophysics and geochemical sampling, with later
exploratory drilling to confirm the structure and near-surface potential to host
nickel-copper mineralisation.


Robin Young, Amur's Chief Executive Officer, commented: 'The growth potential of
this licence area is amazing, which is one of the key reasons why we acquired
Kun-Manie.  We have drilled four deposits and to date report resources from
three of these containing more than a quarter million tonnes of nickel with the
full limits of mineralisation still yet to be identified. .  Adding Yan Hegd as
another drill target provides the Company with three additional promising areas
where we are yet to sink a single hole.  For some companies this would be enough
to chew on, but it is exciting to remember that reconnaissance exploration along
more than 20 kilometres of the main trend also remains to be conducted which
could generate even more potential targets.'


The information contained in this announcement has been reviewed and approved by
the CEO of Amur, Robin Young. Mr. Young is a Geological Engineer (cum laude) and
is a Qualified Professional Geologist, as defined by the Toronto and Vancouver
Stock Exchanges.



Enquiries:


Amur Minerals Corp.          RBC Capital Markets        Parkgreen Communications
Robin Young                  Andrew Smith               Victoria Thomas
CEO                          Martin Eales
[phone]         [phone]       [phone]





Notes to Editors

About Amur Minerals

Amur's principal asset is the 100% owned Kun-Manie exploration licence, a
nickel-copper deposit located in the Amur Province in the far east of the
Russian Federation.  The Kun-Manie licence area is approximately 950 km(2) and
is located 700 km northeast of the capital city of Blagoveshchensk and is 750km
north of the Chinese border.  In April 2004 ZAO Kun-Manie, a wholly owned
subsidiary of Amur, was granted a licence to explore for nickel and related
metals, including copper and platinum, in respect of the Kun-Manie licence.



Work carried out to date on the Kun-Manie licence including diamond core
drilling, trenching and geological mapping has identified four mineralised
targets; the Vodorazdelny, Ikenskoe, Maly Krumkon and Falcon zones, three of
which warrant further exploration as the limits of the mineralisation have not
been identified.  The four zones are located within a 15 kilometre long segment
of the 40 kilometre long Krumkon Trend.  This trend is the primary exploration
target within the licence area.  An additional three targets identified as
Chornie Ispelene, Yan Hegd and Kubuk (also referred to as Ata) have been
identified as additional drill targets.  Chornie Ispelene and Kubuk lie within
the trend whilst Yan Hegd is located approximately 8 kilometres to its north.
Approximately 50% of the Krumkon Trend remains to be examined by reconnaissance
work where existing Soviet data indicates potential exists to identify
additional drill targets.



Exploration drill results have been utilised by SRK Consulting to calculate
resources.  These include resources of the Measured, Indicated and Inferred
categories which have been estimated for the deposits of Vodorazdelny, Ikenskoe
and Maly Krumkon. Effective January, 2007, the independently compiled Resource
Estimate consists of a total of 53.3 Mt at a mean grade of 0.48% nickel and
0.14% copper containing 254,500 tonnes of nickel; and 73,000 tonnes of copper.
This is summarised in the following table.



                 SRK Consulting's 2006 Year End Resource Report


      Orebody              Tonnage      Ni     Ni         Cu     Cu
                           (Mt)         (%)    (t)        (%)    (t)
      Vodorazdelny
      Indicated            5.9          0.71   41,800     0.20   11,800

      Ikenskoe
      Measured             3.7          0.61   22,700     0.16   5,800
      Indicated            26.8         0.42   111,300    0.12   32,700
      Sub-total            30.5         0.44   134,000    0.13   38,500
      Inferred             5.9          0.49   28,700     0.13   7,500
      Total Ikenskoe       36.4         0.45   162,700    0.13   46,000

      Maly Krumkon
      Inferred             11.0         0.45   50,000     0.14   15,200

      Total Measured       3.7          0.61   22,700     0.16   5,800
      Total Indicated      32.7         0.47   153,100    0.14   44,500
      Total Inferred       16.9         0.47   78,700     0.13   22,700
      Grand Total          53.3         0.48   254,500    0.14   73,000



Presently, Amur is compiling a prefeasibility study on the Kun-Manie Project to
be completed in the second quarter of 2007.  Concurrently, work is also being
conducted on the assembly of a report to be submitted to the State Committee on
Reserves (GKZ).  Upon approval, the GKZ shall issue a certificate of 
'Discovery'.  This certification allows the Company to continue along the 
process of converting portions of the exploration licence into a mining licence.



Amur also controls the Anadjakan gold-copper exploration licence in Kharaborvsk
Krai near the well-infrastructured city of Elban.  The Company chooses not to
report any value on this asset until it concludes its comprehensive review of
all information and verifies existing Russian results.  The 2007 exploration
programme for this area is designed to check the historical results and define
future drill targets.




                      This information is provided by RNS
            The company news service from the London Stock Exchange