New Zone Discovered

Amur Minerals Corporation
15 July 2006







16th July 2006

                           Amur Minerals Corporation

                           ('Amur' or 'the Company')



                        New Zone Discovered at Kun-Manie



Amur Minerals Corporation (AIM:AMC), the nickel-copper exploration company, with
assets in the Amur Oblast in far east Russia, announces that a fourth
mineralised zone has been discovered through drilling completed in May and early
June of this year. The zone is identified as Maly Krumkon and lies approximately
4.5 kilometres northwest of the previously identified Vodorazdelny zone.  The
zone occurs within the 40 kilometre long Krumkon Trend which is the primary
exploration target within Amur's 950 square kilometre licence.  Results indicate
that the zone has a minimum length of 600 meters and average intersects for
nickel and copper grades of 0.63% and 0.17% respectively.  These results
indicate that Maly Krumkon represents a new target potentially containing higher
average grades than most of the mineralisation drilled to date within the
licence area.



The Maly Krumkon discovery is based on four diamond drill holes which have been
drilled on two separate sections located approximately 600 metres apart.  Within
each drill section, the holes are spaced approximately 100 metres apart.
Geological mapping and trenching indicate this trend is continuous between the
drill sections and extends beyond the limits of the area encompassed by the four
drill holes. Drill results indicate an average true thickness of 16.3 metres
having an average nickel grade of 0.63% and a copper grade of 0.17%.  The dip of
the zone ranges from 35 to 50 degrees.  Atomic adsorption analytical results
have been derived by the Central Laboratory located in Khabarovsk.   The quality
of the Central Laboratory analytical results from previous drilling seasons has
been verified by SRK Consulting, although this year's samples will not be check
assayed by Omac Laboratories until Q4 2006.  The results for each mineralised
interval are summarised within the following table.


     Drill Hole           From            To           Length     True Thickness      Nickel         Copper

                          (m)            (m)            (m)             (m)            (%)            (%)
        101               9.4            36.9           27.5           19.4            0.41           0.14
        102               82.6           90.6           8.0             5.7            0.91           0.19
        102               99.5          108.7           9.2             6.5            0.74           0.21
        105               23.6           81.5           57.9           40.9            0.68           0.17
        106              173.1          186.1           13.0            9.2            0.63           0.17
      Average                                                          16.3            0.63           0.17

 Individual drill hole results are provided in the notes to the editor section.



The discovery of the Maly Krumkon zone brings the drill explored length of the
trend to approximately 10 kilometres whilst the remaining 30 kilometres of the
trend has been examined only by reconnaissance mapping and limited grab sampling
which confirms additional potential for the identification of new targets.
Within the 10 kilometre area that has been drilled, additional potential is also
present as the limits of the mineralisation have not yet been established within
the Ikenskoe orebody and the Falcon mineralised zone.



Commenting on the discovery, CEO Robin Young stated, 'At the start of each field
season, the Company always tests a new target and we are very excited that for
the second consecutive year, our exploration drill programme has resulted in the
discovery of a potentially substantial mineralised zone.  This discovery,
together with the positive results from the conceptual open pit study carried
out by SRK Consulting on the Vodorazdelny and Ikenskoe orebodies, further
substantiates the Company moving forward with scoping studies and a
pre-feasibility study.  We are confident that Amur Minerals will be a major
long-term player in the region.'



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.



Ends

Enquiries:


Amur Minerals Corp.              Nabarro Wells & Co. Limited        Parkgreen Communications
Robin Young                      John Wilkes                        Justine Howarth /
CEO                              Director                           Jane Murray
[phone]             [phone]               [phone]



Notes to Editors



The Amur Group's principal asset is the 100% owned Kun-Manie exploration
licence, a nickel-copper-PGM 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, Falcon and Maly Krumkon zones each of which
warrant further exploration.  The four zones are located within a ten kilometer
long segment of the 40 kilometre long Krumkon Trend which is the primary
exploration target within the licence area.  An additional two targets
identified as Chornie Ispelene and Kubuk have also been identified within the
trend and require additional geological investigation and drilling.  In
combination, the six targets are located along approximately 13 kilometres of
the length of the Krumkon Trend whilst the remainder of the trend contains
additional potential based on geochemical sampling and geological mapping which
has identified anomalously mineralised host structures.



To date, detailed exploration conducted by the Company and an independently
calculated resource estimate compiled by SRK Consulting indicates the presences
of Indicated and Inferred resources.  These resources are contained within two
deposits termed Vodorazdelny and Ikenskoe. The resource estimate derived by SRK
Consulting as at 31 December 2005 is reported in accordance with JORC Code
definitions and guidelines and was published in the Amur Admission Document
dated 10 March 2006.  In summary, SRK's resource estimate comprises an Indicated
Mineral Resource of 28.4Mt with mean grades of 0.47% nickel and 0.13% copper and
an Inferred Mineral Resource of 17.7Mt with mean grades of 0.43% nickel and
0.12% copper together containing approximately 209,000 tonnes of nickel and
58,500 tonnes of copper.  The resource estimate will be updated in the fourth
quarter of this year and if possible it is planned to include the results from
the Maly Krumkon and Falcon zones.  The following table presents a summary of
all available drill results and statistics for each orebody as well as SRK
Consulting's earlier resource statement.


                    Drilling Statistics                                      SRK Resource Estimate
    Orebody       Holes        True         Ni       Cu        Tonnes     Ni (%)   Ni (Tonnes)    Cu     Cu (Tonnes)
                            Thickness      (%)       (%)     (Million)                            (%)
                               (m)
  Vodorazdelny      11         20.1        0.67     0.28        10.7       0.61      65,400      0.17      18,700
    Ikenskoe        28         12.5        0.49     0.14        35.4       0.41      143,600     0.11      39,800
     Falcon         5          5.2         0.42     0.10                         Not Estimated
  Maly Krumkon      4          16.3        0.63     0.17                         Not Estimated



Amur's exploration strategy comprises a three tiered approach.  At the beginning
of each field season, a new undrilled target is tested.  This year's first stage
consisted of drill testing the Maly Krumkon target.  This has been completed and
the Company is now in the process of in-fill drilling the already identified
Vodorazdelny and Ikenskoe orebodies.  The work for these two areas also includes
additional ground based geophysics and trenching.



The objective of the in-fill work is to increase the confidence level reflected
in the current Indicated and Inferred resource statement prepared by SRK and
should allow for upgrading the resources into categories of higher confidence.
It will also provide a resource drilled at an appropriate spacing for the
preparation of a resource estimate report suitable for submission to the State
Committee of Reserves (GKZ) at the end of Q4 2006 or in Q1 2007.  Once approved,
Amur will have met its final obligation required under the terms of its
exploration licence.  Though not required until December 2008, the Company
intends to complete this obligation as soon as possible to allow Amur to apply
for a Discovery and subsequently convert the exploration licence into a 20 year
Mining / Production licence.



Concurrent with this work, geochemical sampling and detailed geological mapping
is being undertaken along the Krumkon Trend to identify additional new targets
requiring drilling and trenching in the future.  Presently, two additional drill
targets have been identified and are known as Chornie Ispelene and Kubuk.
Chornie Ispelene is located approximately one kilometre northwest of Maly
Krumkon and Kubuk is two kilometres to the southeast of the eastern limit of
Ikenskoe.  In total, the two orebodies (Vodorazdelny and Ikenskoe), two
mineralized zones ( Falcon and Maly Krumkon) and two drill targets (Chornie
Ispelene and Kubuk) lie within a 13 kilometre long segment of the 40 kilometre
long trend.  The remainder of the host trend remains highly prospective as
limited reconnaissance geological mapping and sampling confirms the presence of
favourable host rocks, the websterite sills that contain anomalous nickel
grades.



The following table contains the detailed results of all drilling completed
within Maly Krumkon.


                     Maly Krumkon Diamond Core Hole Drill Results
    Hole       From      To      Length       True Thickness (m)     Ni (%)    Cu (%)
    101        9.4      36.9      27.5               19.4             0.41      0.14
    102        82.6     90.6       8.0               5.7              0.91      0.19
  Contains     84.8     87.5       2.7               1.9              1.94      0.28
    102        99.5    108.7       9.2               6.5              0.74      0.21
  Contains    103.7    105.2       1.5               1.1              1.25      0.21
  Contains    106.7    107.7       1.0               0.7              1.71      0.65
    105        23.6     81.5      57.9               40.9             0.68      0.17
  Contains     26.1     26.7       0.6               0.4              1.94      0.79
  Contains     29.7     32.6       2.9               2.1              1.78      0.23
  Contains     40.2     41.7       1.5               1.1              1.06      0.20
  Contains     64.6     65.7       1.1               0.8              1.38      0.21
  Contains     69.1     70.2       1.1               0.8              1.08      0.25
  Contains     77.6     78.8       1.2               0.8              2.27      0.27
    106       173.1    186.1      13.0               9.2              0.63      0.17
  Contains    176.3    178.0       1.7               1.2              1.12      0.27
  Average                                            16.3             0.63      0.17




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