March 2008

Slide 2

Opportunities Exist

• The Region Is Vast, Under Explored And Undeveloped

– Remote

– Historical Lack Of Funds For Exploration

• Exploration And Production Projects Are Available In Different Forms

• Success Requires A Highly Defined Approach With Defined Objectives

• The Competition Is Intense And There Will Be Competition On All Levels

• Staying Power Both Financially And On A Long Term Basis

Target Audience

• Western Companies

• Unfamiliar With The Russian Federation

• Looking For Background And An Understanding

Slide 4

The Far East - Licence Locations

KustakskayaNickel, Copper

Kun-ManieNickel - CopperKun-Manie

Nickel, Copper

Anadjakan Copper, Gold

Key Considerations Before Committing

• Financial• Administrative• Commodity• Infrastructure • Licence Considerations• Partner Relationships• Service Availability

Financial Considerations

• Deep Pockets, It Is Not Inexpensive• Support Services Are Presently Limited And At A Premium

– Mobilisation– Geophysics– Drilling– Analytical– Transportation– Qualified Staff

• Two Standards Are Present– Federation Ministry/Agency And Accounting Requirements– Western Information Flow, Financing And Accounting– Duplication Of Costs Will Be Incurred To Meet Both Needs– Western Reporting Versus Russian Regulations

Administrative Consideration

• Time, Language, Culture And Distances• No Short Cuts Or Quick Fix’s• Protocols And Procedures Are Cast• Russian Partnerships Are Helpful• Federation And Local Ministry Contacts

Must Be Developed And Maintained• Difficult To Attain A Full Understanding• Personal Communications• Long Lead Time And Excellent Planning

Commodity And Operational Configuration

• Infrastructural Support– Access– Power– Transportation– Supply And Support Of An Operation– Product Delivery And Sale

• High Grade And/Or Very Large• Nearby Transportation

Licence System And Considerations

• Exploration (Awarded Directly If No Other Interest)– Five Years– Opportunity To Extend– Convert To A Production Licence

• Resource Registration• Obtaining The Mining Licence• Obtaining Mining Permits And Approvals

• Exploration Production Licence (Via Auction)– 20 To 25 Years– Resource Registration– Mining Permits And Approvals

• Lengthened Lead Times• Reporting Requirements• Terms, Conditions and Performance Requirements• Ownership By A Russian Company• Transferability, Can Be Difficult

Partner Relationships

• Acquisitions Of Existing Projects Or Operations • Ownership By A Russian Company• Establish Partnership By Ownership Of The

Russian Company• Provides Existing Contacts• Possible Support Within The Local and National

Ministries• Know The Terms Of The Licence• Financial Audits Of The Companies, Dig Deep,

Very Deep

Service Support Availability

• Less Costly Than Elsewhere, Incorrect Perception• Contract Rig Shortage

– Alternatively, Buy And Import– Complications At Importation, Primarily Lack Of

Understanding Of Importation Regulations– Delivery To Project Site

• Air Supported (Limited Quality Companies)• Analytical Services, Improving• Geophysical Support, Limited• Personnel, High Demand Already Exists• Distances

– Samples and Core Handling– Camp Or Operational Supply And Support– Weather

Kun-Manie As An Example

Slide 12

Drilled – limits defined Partial drilling – large upside remains

Undrilled – strong exploration potential

Large upside remains with further planned drilling in

2008/2009

Slide 13

Kun-Manie Overview

• Large nickel/copper sulphide project - cobalt present

• SRK Consulting resource estimate 341,000t Ni & 95,500t Cu

• 6 zones identified, 3 contain all measured and indicated resources (18,000 meters drilling to date)

• Drilled resources are open pit mineable

• Pre Feasiblity Study Completed

PFS Economics

Base Base CaseCase

Long term Nickel price $7.50

Post-tax IRR 15.7%

Payback period 4

Net Present Value $84m

Total cost per pound $3.46

Slide 14

Capital CostsCapital Costs US $ US $ MillionsMillions

Studies 5

Infrastructure (road, power) 140

Mining 87

Processing 137

Transportation fleet 20

EPCM, Site Facilities and other 12

TOTAL 401

Sunk Project Costs To Date: Approximately 18 Million USDTotal Drilled Meters: 18,000 MetersAll In Cost Per Meter: $1,000 Per Meter

Projected Cost To Access Project: 40% Of Total Initial Capital Cost

4.0 MTPA Ore Production With 16,000 TPA Nickel Production

Kum-Manie Geological Resource Summary

OrebodyTonnage

(Mt)Ni (%)

Ni(t)

Cu(%)

Cu (t)

Vodorazdelny

Indicated 5.9 0.71 41,800 0.20 11,800

Ikenskoe

Measured 3.7 0.61 22,700 0.16 5,800

Indicated 26.8 0.42 111,300 0.12 32,700

Sub-total 30.5 0.44 134,000 0.13 38,500

Inferred 5.9 0.49 28,700 0.13 7,500

Total Ikenskoe 36.4 0.45 162,700 0.13 46,000

Maly Krumkon

Indicated 15.0 0.49 73,700 0.13 19,900

Inferred 11.2 0.56 62,800 0.16 17,800

Total Maly Krumkon 26.2 0.52 136,500 0.14 37,700

Total Resources

Total Measured 3.7 0.61 22,700 0.16 5,800

Total Indicated 47.7 0.48 226,800 0.13 64,400

Total Inferred 17.1 0.54 91,500 0.15 25,300

Grand Total 68.5 0.50 341,000 0.14 95,500

Slide 15

Independent Resource Estimate (Prepared in accordance with JORC Protocols)

Remaining Near Term Work

• Complete Registration Of Resource With GKZ• File For Conversion Of Exploration Licence To Production

Licence• Establish Final Operational Configuration

– Resources And Mine Plans– Metallurgical Testwork– Finalize Process Design– Continue With Environmental Reviews And Base Line

Definitions– Detailed Infrastructure Access To Be Undertaken

• Obtain All Necessary Permits To Mine In The Federation• Obtain All Necessary Studies To Allow Western Financing• Continue To Explore, Substantial Potential Remains

Slide 17

Contacts

Amur Minerals CorporationRobin J. Young, CEOrjyoung@amurminerals.comDavid F. Wood, CFOdwood@amurminerals.com+7 495 629 4418+7 4212 734 301

RBC Capital MarketsNominated Advisor & Joint BrokerAndrew Smith+44 (0)20 7029 7882andrew.smith@rbccm.com

Bankside ConsultantsMichael Padley / Louise Davis+44 (0)20 7367 8888michael.padley@bankside.com

Fox-Davies CapitalJoint BrokerDaniel Fox-Davies+44 (0) 20 7936 5200 daniel@fox-davies.com