Asia Resource Minerals : GM Update & Amendment to Subscription Agreement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, SOUTH AFRICA, THE ISLE OF MAN, ISRAEL, JAPAN, MALTA, THE MARSHALL ISLANDS OR MAURITIUS OR THEIR RESPECTIVE TERRITORIES AND ANY OTHER JURISDICTION WHERE TO DO SO MIGHT BE UNLAWFUL.

THIS ANNOUNCEMENT HAS BEEN ISSUED BY AND IS THE SOLE RESPONSIBILITY OF ASIA RESOURCE MINERALS PLC. IT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. NOTHING IN THIS ANNOUNCEMENT SHALL CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR ANY SECURITIES REFERRED TO HEREIN NOR SHOULD IT FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY CONTRACT OR COMMITMENT WHATSOVER. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

14 May 2015

For Immediate Release

Asia Resource Minerals plc ("ARMS" or the "Company")

General Meeting Update and Amendment to Subscription Agreement

Further to the announcement on 11 May 2015 in relation to the intention to adjourn again indefinitely the General Meeting of the Company convened for 11.00 a.m. on Thursday 14 May 2015, the Company has agreed and executed an amendment to the Subscription Agreement with NR Holdings, the effect of which is to enable the Company to be able to continue the adjourned General Meeting by no later than 31 July 2015, an extension of two months from the previous date of 31 May 2015.

Agreeing such an amendment to the Subscription Agreement allows the Company to retain the option of proceeding with the Recapitalisation, which the Board believes is important in the context of a number of prevailing uncertainties, including those stated in the Company's announcement of 11 May 2015.

The General Meeting of the Company convened to be held today at 11.00 a.m. is proposed to be adjourned, as stated in the Company's announcement of 11 May 2015.

A copy of the amendment to the Subscription Agreement will be made available on the website of the Company atwww.asiarmplc.com.

Unless otherwise defined, the terms used in this Announcement shall have the same meaning as set out in the prospectus published by the Company on 31 March 2015 ("Prospectus").

- ENDS-

For enquiries, please contact:

Asia Resource Minerals plc
Sean Wade
+44 (0) 20 7201 7511

Rothschild (Financial Adviser)
Roger Ewart Smith
Sam Critchlow
+44 (0) 20 7280 5000

Shareholder enquiries

If you have any questions relating to the Open Offer, please telephone Capita Asset Services on 0871 664 0321 from within the UK or +44 20 8639 3399 if calling from outside the UK. Lines are open between 9.00 a.m. and 5.30 p.m. (London time) Monday to Friday. Calls to the 0871 664 0321 number cost 10 pence per minute (including VAT) plus your service provider's network extras. Calls to the helpline from outside the UK will be charged at applicable international rates. Different charges may apply to calls from mobile telephones and calls may be recorded and randomly monitored for security and training purposes. The helpline cannot give any financial, legal or tax advice.

Important Notices

This announcement is an advertisement and does not constitute a prospectus or prospectus equivalent document. Nothing in this announcement shall constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or subscribe for any securities referred to herein nor should it form the basis of, or be relied on in connection with, any contract or commitment whatsoever.

Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities in the Company must be made only on the basis of the information contained in and incorporated by reference into the Prospectus and the Supplementary Prospectus published by the Company on 6 May 2015.

This announcement is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Japan, New Zealand, South Africa, the Isle of Man, Israel, Malta, the Marshall Islands or Mauritius or any other jurisdiction where the same would be unlawful. This announcement does not constitute, or form a part of, any offer or solicitation to purchase or subscribe for securities in the United States. The Open Offer Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or under any securities laws of any state or other jurisdiction of the United States and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offer of any of the Securities in the United States. The Securities have not been approved or disapproved by the US Securities and Exchange Commission, any state's securities commission in the United States or any other US regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of the offering of the Open Offer Shares or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence.

The Open Offer Shares will not be registered under the securities laws of Australia, Canada, Japan, New Zealand, South Africa, the Isle of Man, Israel, Malta, the Marshall Islands or Mauritius and may not be offered, sold, taken up, exercised, resold or delivered, directly or indirectly, within such jurisdictions except pursuant to an applicable exemption from and in compliance with any applicable securities laws. There will be no public offer in any of Australia, Canada, Japan, New Zealand, Switzerland or South Africa, the Isle of Man, Israel, Malta, the Marshall Islands or Mauritius.

Under Rule 8.3(a) of the City Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the City Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44(0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

The distribution of this announcement into jurisdictions other than the United Kingdom may be restricted by law. No action has been taken by the Company or any person that would permit distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement contains certain forward-looking statements which are subject to a number of risks and uncertainties, many of which are beyond the Company's control and all of which are based on the Directors' current beliefs and expectations about future events. In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology. They appear in a number of places throughout this announcement and include statements regarding the intentions, beliefs or current expectations of the Company. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual performance, results of operations, internal rate of return, financial condition, distributions to Shareholders and the development of its financing strategies may differ materially from the impression created by the forward-looking statements contained in this announcement. In addition, even if the Company's actual performance, results of operations, internal rate of return, financial condition, distributions to Shareholders and the development of its financing strategies are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods.

These forward-looking statements speak only as of the date of this announcement. The information and opinions contained in this announcement are subject to change without notice and, subject to any obligations under the Prospectus Rules, Listing Rules or the Disclosure and Transparency Rules, and save as required by law, ARMS assumes no responsibility or obligation to update publicly or review any of the forward-looking statements contained herein and expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in ARMS's expectations with regard thereto or any change in events, conditions or circumstances on which such statement is based.

Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser. No statement in this announcement is intended to be a profit forecast.

A copy of this announcement will be made available, free of charge subject to certain restrictions relating to persons resident in restricted jurisdictions, at www.asiarmplc.com by no later than 12 noon (London time) on the Business Day following the date of this announcement. Neither the content of the Company's website nor the content of any websites accessible from hyperlinks on the Company's website (or any other websites) is incorporated into, or forms part of, this announcement.

The directors of the Company accept responsibility for the information contained in this announcement relating to the Company. To the best of the knowledge and belief of the directors of the Company (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Please be aware that addresses, electronic addresses and certain information provided by Company shareholders, persons with information rights and other relevant persons for the receipt of communications from the Company may be provided to ACE during the offer period where requested under Section 4 of Appendix 4 of the City Code.

N M Rothschild & Sons Limited ("Rothschild"), which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for the Company and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.