Asiamet Resources Limited

Net Asset Value • Oct 12, 2016

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ASIAMET RESOURCES LIMITED - Director/PDMR Shareholding

PR Newswire

London, October 11

For Immediate Release                      TSX Venture Exchange

12 October, 2016                               and AIM

Vancouver, British Columbia              Symbol: ARS

Asiamet Resources – warrants lapse

Asiamet Resources Limited ("ARS" or the “Company”) advises that 5,277,674 warrants with an exercise price of C$0.10 have lapsed following their expiry on 2 October 2016 (“Expired Warrants”). The Expired Warrants were held by (among others) Asiamet directors Tony Manini (1,529,761 Expired Warrants) and Stephen Hughes (305,952 Expired Warrants). The share holdings and options holdings of each of the directors remains unchanged, while the warrants held by each director comprise:

Tony Manini (all directly held): Stephen Hughes (all directly held):

Warrants    Expiry Date      Ex. Price        Warrants    Expiry Date      Ex. Price

269,575      13-May-2017    C$0.12            81,628      13-May-2017    C$0.12

164,878      13-May-2017    C$0.12            49,931      13-May-2017    C$0.12

917,857      13-Apr-2019     C$0.10            611,904     13-Apr-2019     C$0.10

Asiamet now has the following shares, options and warrants on issue:

• 622,984,168 fully paid ordinary shares
• 4,282,200 C$0.10 options expiring 1 July 2018
• 3,050,000 C$0.05 options expiring 6 October 2019
• 9,250,000 C$0.05 options expiring 31 August 2020
• 1,708,746 C$0.12 warrants expiring 13 May 2017
• 5,416,666 C$0.05 warrants expiring 1 June 2017
• 1,874,364 C$0.05 warrants expiring 5 November 2017
• 2,147,581 C$0.06 warrants expiring 26 April 2018
• 3,533,747 C$0.10 warrants expiring 13 April 2019

ON BEHALF OF THE BOARD OF DIRECTORS

Tony Manini, Deputy Chairman and CEO

For further information, please contact:

-Ends-

Tony Manini

Deputy Chairman and CEO, Asiamet Resources Limited

Telephone: +61 3 8644 1300

Email: [email protected]

FlowComms Limited

Sasha Sethi

Telephone: +44 (0) 7891 677 441

Email: [email protected]

Asiamet Resources Nominated Adviser

RFC Ambrian Limited

Andrew Thomson / Oliver Morse

Telephone: +61 8 9480 2500

Email: [email protected] / [email protected]

VSA Capital Limited

Andrew Raca / Justin McKeegan

Telephone: +44 20 3005 5004 / +44 20 3005 5009

Email: [email protected]

Optiva Securities Limited

Christian Dennis

Telephone: +44 20 3137 1903

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.