March 2008

Slide 1 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 3 The Far East - Licence Locations Kustakskaya Nickel, Copper Kun-Manie Nickel - Copper Kun-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 11 Drilled – limits defined Partial drilling – large upside remains Undrilled – strong exploration potential Large upside remains with further planned drilling in 2008/2009

Slide 12 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 Case Long term Nickel price$7.50 Post-tax IRR15.7% Payback period4 Net Present Value$84m Total cost per pound$3.46 Slide 13 Capital Costs US $ Millions Studies5 Infrastructure (road, power)140 Mining87 Processing137 Transportation fleet20 EPCM, Site Facilities and other 12 TOTAL401 Sunk Project Costs To Date: Approximately 18 Million USD Total Drilled Meters: 18,000 Meters All 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 Orebody Tonnage (Mt) Ni (%) Ni (t) Cu (%) Cu (t) Vodorazdelny Indicated , ,800 Ikenskoe Measured , ,800 Indicated , ,700 Sub-total , ,500 Inferred , ,500 Total Ikenskoe , ,000 Maly Krumkon Indicated , ,900 Inferred , ,800 Total Maly Krumkon , ,700 Total Resources Total Measured , ,800 Total Indicated , ,400 Total Inferred , ,300 Grand Total , ,500 Slide 14 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 16 Contacts Amur Minerals Corporation Robin J. Young, CEO David F. Wood, CFO RBC Capital Markets Nominated Advisor & Joint Broker Andrew Smith +44 (0) Bankside Consultants Michael Padley / Louise Davis +44 (0) Fox-Davies Capital Joint Broker Daniel Fox-Davies +44 (0)