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

05 February 2020

TORONTO, Feb. 05, 2020 - Asian Mineral Resources Limited (the “Company”) (TSXV: ASN) announces that, further to its news releases of November 20, 2019 and December 16, 2019, it has extended the time to close its acquisition of the issued and outstanding shares of Nigerian-based Decklar Petroleum Limited (“Decklar”) to February 28, 2020.

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