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Gold/Mining/Energy : AMP.C Asia Minerals - About to take off: -- Ignore unavailable to you. Want to Upgrade?

To: Dan P who wrote (131)	2/11/2000 11:29:00 PM
From: Pete Mimmack	Read Replies (1) \| Respond to of 135

Another PP, and drilling this month. fin-info.com VANCOUVER, BRITISH COLUMBIA--Asia Minerals Corp. ("Asia") is pleased to report that the $500,000 brokered financing announced on 11 January 2000 has now been amended and increased to a $650,000 non-brokered private placement financing by way of the issuance of 3,250,000 units at $0.20 per unit. Each unit consists of one Class "A" Common Voting share and one warrant to purchase an additional Class "A" Common Voting share at $0.25 per share for a one year period. A finders fee is payable. The private placement is subject to the approval of the regulatory authorities having jurisdiction over the affairs of Asia. The proceeds of the financing will be used to continue the exploration of the Copperstone Gold project in Arizona and for general working capital. Asia plans to start a new drill program at Copperstone in early February. The primary objective of the drilling is to test the open north strike and down dip extensions of the C and D zones of high grade gold mineralization within the Copperstone Fault. The geological resource in the C and D zones has been estimated by MRDI at 2,085,900 tons at a capped grade of 0.34 opt gold, containing 708,900 ounces of gold. An underground mine scoping study by MRDI in 1999 was based on a diluted mining resource in the C and D zones of 827,400 tons at a grade of 0.55 opt gold, containing 459,500 ounces of gold. The drilling program will also test other high grade gold targets identified by previous drilling in both the hanging-wall and foot-wall of the Copperstone Fault. Dated at Vancouver, British Columbia the 21st day of January 2000.