Asian Mineral Resources - The Release of 2015 Financial Statements and MD&A - Seite 2

	2015	Restated 2014
Net Sales Revenue(1)	$74,753,199	$87,818,927
Gross Profit / (Loss)	($25,701,111)	$12,231,447
Operating Cash Flow	$25,304,045	$17,960,760
Net Income / (Loss)	($47,207,779)	$3,105,019
Total Assets	$29,281,822	$74,919,826

During the preparation of the current year financial statements, the Company determined that the foreign currency translation of the Company's subsidiary that holds the Ban Phuc Nickel Mine had been incorrectly calculated for the year ended December 31, 2014. The correction of this error in depreciation and amortization expenses is detailed in note 2 of the 2015 Financial Statements.

Commenting on the year end performance, CEO Evan Spencer said:

"We are extremely pleased with AMR's performance given the extremely low commodity pricing environment throughout 2015. Operational performance continued to achieve increased productivities enabling AMR to exceeded target production and sales volumes. Despite the sustained drop in nickel price throughout 2015, increased production levels combined with our strong focus on efficiencies and cost reductions strategies enabled us to maintain cash flow going forward. At the same time, AMR remains committed to pursuing growth opportunities, on our near-mine exploration and regional exploration targets with a priority focus on Kingsnake where exploration activities remain ongoing."

The Company's audited consolidated financial statements and related notes have been prepared in accordance with International Financial Reporting Standards ("IFRS") and the Annual Information Form. Both the financial statements and the Management Discussion and Analysis are available on SEDAR at www.sedar.com. All amounts are in Canadian dollars unless otherwise stated.