Resource Estimate

Amur Minerals Corporation
11 October 2006



11th October 2006



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


                       Maly Krumkon Exceeds Expectations

Amur Minerals Corporation (AIM:AMC), the mineral resource company developing
metal deposits in Russia, announces results at its Maly Krumkon mineralised zone
have expanded the Company's resource base beyond a quarter of a million tonnes
of nickel, based on the results of a resource estimate prepared by SRK
Consulting.


Key points from SRK's report are as follows:

•   The drilled area of the Maly Krumkon zone contains 50,000 tonnes of
    nickel and 15,000 tonnes of copper.

•   Substantial potential to increase the resource remains within the
    drilled area

•   The resource estimate is contained within an area of approximately 1.5
    kilometres in length.

•   Maly Krumkon has the potential to be exploited by open pit mining.


SRK's JORC compliant resource estimate as of September 2006 is detailed below:


                            Tonnage (Mt)    Ni (%)     Ni (t)    Cu (%)   Cu (t)
Inferred Mineral Resource   11.0            0.45       50,000    0.14     15,200


Due to the wide spaced nature of the data, SRK has only classified a portion of
the mineralised zone as an Inferred Mineral Resource as defined by the JORC
Code.  Areas between existing drill holes and trenches have not been included in
the resource model and in fill drilling could significantly expand the resource
within the immediate area of drilling and trenching.  In the study, SRK comments
'Further work is warranted to both confirm the full extent of the mineralisation
and to enable a greater proportion of this to be reported as a resource as
defined by the JORC Code.'

The newly reported Maly Krumkon resource represents an expansion of 25% to the
total project resource base.  When added to the drill defined resources from
Vodorazdelny and Ikenskoe, the new inferred and indicated resources total
126,000 tonnes and 132,000 tonnes, respectively.

Commenting on the results, CEO Robin Young says: 'This is very exciting. Not
only do these results significantly exceed our expectations, but we are also
encouraged that SRK sees tremendous upside potential in Maly Krumkon. We shall
tailor our work in the next field season to explore these areas of potential.  '

The information contained in this announcement has been reviewed and approved on
behalf of SRK Consulting (UK) Limited by Nick Fox, BA MSc DIC ACA. Mr. Fox is a
Qualified Professional Geologist.


Ends

Enquiries:


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



Notes to Editors

Relevant Information on Maly Krumkon

Exploration of the three kilometre long Maly Krumkon mineralised zone has
included a total of four diamond core drill holes and four trenches.  These are
located along a total length of 1.5 kilometres.  The holes are drilled on two
sections located approximately 550 metres apart and have a spacing approaching
100 metres.  The trenches have been excavated between and beyond the drill
holes.

SRK Consulting's resource estimate has been limited to this area and
specifically excludes the remainder of the Maly Krumkon structure which can be
observed to continue for an additional length of about 1.5 kilometres.  The
resource model has also been constructed using industry standards (JORC) and
much of the area between the drill holes and outward has not been assigned any
resource.  Both of these afore mentioned items confirm that the zone requires
additional exploration work and Maly Krumkon could be substantially larger then
currently reported.


Description of Assets

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 square
kilometres and is located 700 kilometres northeast of the capital city of
Blagoveshchensk and is 750 kilometres 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.  Amur also has an exploration licence for
gold and copper located near Komsomolsk in the Khabarovsk Oblast.

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 kilometre
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 represent potential
drill targets.  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.

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 three
deposits identified as Vodorazdelny, Ikenskoe and Maly Krumkon. The resource
estimate derived by SRK Consulting as at September 30 2006 is reported in
accordance with JORC Code definitions and guidelines.  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
28.7Mt with mean grades of 0.44% nickel and 0.12% copper together containing
approximately 259,000 tonnes of nickel and 73,700 tonnes of copper.  The
resource estimate within the Vodorazdelny and Ikenskoe areas will be updated in
the fourth quarter of this year.



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