Open Pit Potential Confirmed

Amur Minerals Corporation
30 October 2006

October 30, 2006

                           Amur Minerals Corporation
                                   (AIM: AMC)

          Maly Krumkon Open Pit Potential Confirmed By SRK Consulting


In October 2006, SRK Consulting completed a conceptual design assessment of the
open pit potential on Amur Minerals Corporation's ('Amur' or 'the Company') Maly
Krumkon nickel-copper deposit.  The deposit is one of three contained within the
Company's Kun-Manie nickel copper licence for which this has been undertaken.
Amur is an AIM-listed resource exploration and development company with assets
in far eastern Russia.  Results from SRK's evaluation confirm the following:

•    The Maly Krumkon structure, mineralisation and orientation can potentially
     be recovered by conventional open pit mining methods.

•    In-fill drilling to confirm the continuity of the mineralisation is 
     required to verify the conceptual open pit results.

•    Additional potential remains along strike where reconnaissance work 
     confirms the zone's presence and which has not been included in the 
     conceptual open pit analysis.

Amur discovered the Maly Krumkon deposit in June 2006 during its wildcat
drilling phase which it conducts at the beginning of each year.  The mineralised
zone has a geologically mapped length of approximately three kilometres which
can be traced for approximately one kilometre with four diamond core drill holes
and four trenches.  Subsequent resource estimation work on Maly Krumkon
completed by SRK Consulting identified the presence of an inferred in situ
geological resource totalling 11.0 million tonnes at a mean grade of 0.45%
nickel and 0.14% copper containing 50,000 tonnes of nickel and 15,200 tonnes of
copper.  This additional resource increases the Company's total inferred and
indicated resources to 259,000 tonnes of nickel and 73,700 tonnes of copper
within 57.1 million tonnes.  A detailed categorisation of the resource inventory
is presented at the end of this announcement.

To assist in exploration planning for the 2007 calendar year, Amur requested SRK
Consulting to compile a second resource model wherein the preliminarily explored
area of the zone was extended down dip and between exploration drill holes and
trenches.  This non-compliant JORC model was then used to assess the open pit
potential of the deposit.  Using the Lerchs Grossman algorithm, a significant
portion of the non-compliant model 'mines' within an open pit outline,
indicating that exploration within the area is warranted and should be
continued.  Should exploration in-fill work be successful, the Directors believe
that the resource tonnage could be significantly increased from that contained
within the JORC compliant resource estimate.

Commenting on the results, CEO Robin Young stated, 'We have again advanced this
project another hurdle closer to production.  This highly positive result builds
on our already substantial base and should improve the results of the on going
pre-feasibility study to be released within the next six months.'

(The information contained in this announcement has been reviewed and approved
on behalf of SRK Consulting (UK) Limited by Dr Mike Armitage. Dr Armitage is a
Qualified Professional Geologist.)


     SRK Consulting Independently Estimated In Situ Geological Resource - 
                                October 30, 2006

                                 JORC Compliant


    Deposit           Tonnage                    Ni               Ni                    Cu                       Cu
                        (Mt)                    (t)               (%)                   (t)                     (%)

                                                  Indicated Resource

  Maly Krumkon           -                       -                 -                     -                       -
  Vodorazdelny          7.1                    42,900            0.60                 12,000                    0.17
    Ikenskoe            21.3                   89,500            0.42                 25,800                    0.12
 Total Resource   =SUM(ABOVE) 28.4       =SUM(ABOVE) 132,400     0.47            =SUM(ABOVE) 37,800             0.13

                                                   Inferred Resource

  Maly Krumkon          11.0                   50,000            0.45                 15,200                    0.14
  Vodorazdelny          3.6                    22,500            0.62                  6,700                    0.19
    Ikenskoe            14.1                   54,200            0.39                 14,000                    0.10
 Total Resource   =SUM(ABOVE) 28.7       =SUM(ABOVE) 126,700     0.44            =SUM(ABOVE) 35,900             0.13

                                          Total Indicated + Inferred Resource

  Maly Krumkon          11.0                   50,000            0.45                 15,200                    0.14
  Vodorazdelny          10.7                   65,400            0.61                 18,700                    0.17
    Ikenskoe            35.4                  143,600            0.41                 39,800                    0.11
 Total Resource   =SUM(ABOVE) 57.1       =SUM(ABOVE) 259,000     0.45            =SUM(ABOVE) 73,700             0.13



Ends

Enquiries:


Amur Minerals Corp.              Nabarro Wells & Co. Limited        Parkgreen Communications
Robin Young                      John Wilkes                        Victoria Thomas
CEO                              Director
[phone]             [phone]               [phone]


Notes to Editors

The Amur Group'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 each of which
warrant further exploration.  The four zones are located within a 15 kilometer
long segment of the 40 kilometre long Krumkon Trend.  This trend is the primary
exploration target within the licence area.  An additional two targets
identified as Chornie Ispelene and Kubuk have been identified within the trend
and require additional geological investigation and drilling.  In combination,
the six zones are located along approximately 50% of the length of the Krumkon
Trend.  The remainder of the trend also contains additional potential based on
geochemical sampling and geological mapping which has identified anomalously
mineralized host structures needing additional reconnaissance and detailed
exploration work.

To date, detailed exploration and an independently calculated resource estimate
compiled by SRK Consulting indicates the presence of Indicated and Inferred
resources.  These are contained within the three deposits, the Vodorazdelny,
Ikenskoe and Maly Krumkon zones. An update to the Competent Person's Report
within the Amur Admission Document dated 10th March 2006 now indicates these
three zones contain a total of 57.1Mt at a mean grade of 0.45% nickel, yielding
259,000 tonnes of contained nickel; 0.13% copper, containing 73,700 tonnes of
contained copper.

Amur also owns the Anadjakan gold-copper exploration licence in Kharaborvsk Krai
near the well infrastructured city of Elban.



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