Update on Acquisition of Economic Interest in the Oza Oil Field, Niger Delta of Nigeria

05 March 2020

TORONTO, March 05, 2020 - Asian Mineral Resources Limited (the “Company”) (TSXV: ASN) announces that, further to its news releases of November 20, 2019, December 16, 2019 and February 5, 2020, it has extended the time to close its acquisition of the issued and outstanding shares of Nigerian-based Decklar Petroleum Limited (“Decklar”) to March 31, 2020 and will pay a $250,000 fee to Decklar for such extension.

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