Potential Issue of up to £12.5 million of Equity

RNS Number : 4164I

Amur Minerals Corporation

08 December 2015

8 December 2015

AMUR MINERALS CORPORATION

(AIM: AMC)

Potential Issue of up to £12.5 million of Equity

Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is currently in discussions with a potential funding partner ("Investor") which may or may not lead to the entering into of a subscription agreement.

In the event that a binding subscription agreement is entered into, the Company could receive a cash investment of up to £12.5 million, spread over 5 subscription events of £2.5 million each with 90 day intervals between each subscription event.

It is expected that new ordinary shares of the Company of no par value ("Ordinary Shares") could be issued pursuant to the subscription agreement at the closing bid price of Ordinary Shares on the trading day prior to the date of issue of new Ordinary Shares.

It is expected that three warrants to subscribe for Ordinary Shares would be issued to the investor for every four new Ordinary Shares issued pursuant to the subscription agreement, exercisable for a period of five years at a price of 130% of the price paid for new Ordinary Shares ("Warrants"). The Warrant holder will be entitled to exercise the Warrants for cash or exchange the Warrants for new Ordinary Shares, based on a Black Scholes valuation of the Warrants at the time of exercise.

The Company will make a further announcement as soon as discussions are concluded with the Investor.

Company

Amur Minerals Corp.

Nomad and Broker

S.P. Angel Corporate Finance LLP

Public Relations

Yellow Jersey

Robin Young CEO

Ewan Leggat

Laura Harrison

Dominic Barretto

Harriet Jackson