Amanta Resources Ltd. (Amanta) (TSX VENTURE:AMH) is pleased to report that the
formal Signing Ceremony for the Copper Mineral Exploration Agreement, between
the Government of the Lao PDR and Amanta, was held in Vientiane, Laos, on Friday
20th June, 2008.


The Ceremony was attended by senior Lao Government officials including H.E. Mr.
Thongmy Phomvixay (Vice-Minister of Planning and Investment), H.E. Mr. Somboun
Rasasombath (Vice-Minister of Energy and Mines), H.E. Mr. Phanthong Phitthoumma
(Vice-Governor of the Province of Luang Namtha), as well as Mr. Gregory Goldhawk
(Commercial Counsellor, Embassy of Canada) and Directors and staff from Amanta.


The Agreement grants Amanta exclusive rights over a 200 km2 Concession area in
Luang Namtha province, northern Laos, some 600 km from Vientiane, the Capital
city of the country. The Agreement provides for an initial 5-year prospecting,
exploration and feasibility study period, which may be extended upon application
by Amanta to the Government.


Amanta's President and CEO, Dr. Gerald Wright commented "Amanta is honoured to
be the first Canadian company to be granted such a concession by the Government
of the Lao PDR and the Company looks forward to working with the Government and
the province of Luang Namtha for the successful development of this exciting
copper project."


Under the terms of the Agreement, Amanta will hold a 100% interest in the Luang
Namtha Copper Project and undertakes to complete an agreed exploration
programme, make annual surface rental payments, ranging from US$20,000 to
US$33,000 and post environmental and performance bonds totaling US$250,000 to
the Government.


Amanta will now commence reconnaissance and exploration programmes, which will
include surface sampling and mapping followed by airborne Magnetic and EM
surveys. This initial programme will take about 6 months to complete. The
concession area lies along the Yulong - Luang Namtha polymetallic porphyry belt
which hosts a number of mines including the Yulong copper mine, in eastern
Tibet, which has a reserve of some 630 million tonnes grading 1.0% copper.


ON BEHALF OF THE BOARD OF AMANTA RESOURCES LTD.

Gerald D. Wright, President

Appreciated Media (TSXV:AMH)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Appreciated Media Charts.
Appreciated Media (TSXV:AMH)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Appreciated Media Charts.