AMI Resources Inc. - NON-BROKERED PRIVATE PLACEMENT

TSX-V. AMU

VANCOUVER, Oct. 25 /CNW/ - The Company (AMI Resources Inc. - TSX-V Symbol AMU) has agreed to a non-brokered private placement to issue up to 10 million units at the price of  $0.15 per Unit, for maximum gross proceeds of $1,500,000.

The Units will consist of one common share and one-half share purchase warrant (the Warrants).   Each whole Warrant shall entitle the holder to purchase an additional common share of the company at a price of $0.25 per share for a period of one year from the date of closing.  If after four months and one day following the closing and until the expiry date of the Warrants, the closing price of the company's shares exceeds $0.50 for 10 consecutive days, the company will be able to accelerate the expiry of the Warrants to the date that is 30 days after the notice of the new expiry date is provided to the holders of the Warrants.

A finder's fee in connection with this offering may be paid for any Unit subscriptions referred to the company. The finder's fee will consist of 7% cash commission and a Finder's Option Warrant equal to 7% of the number of Units referred.  Each Finder's Option Warrant shall be exercisable into one Unit at a price of $0.15 per Unit and under the same terms as this offering for a period of one year from the date of closing. All securities issued pursuant to this offering will be subject to a four-month hold period from the date of closing.

Proceeds from the private placement will be used primarily to fund further exploration expenditures as required under the option agreement with Golden Star Resources Ltd. to earn a 51% interest in the Sirba Gold Project in Niger and for general working capital.

The Sirba Gold Project located along the gold mineralized corridor in the southwest portion of Niger contains the 550 sq km Tialkam license which shares it's SW border with Semafo's Samira Hill mine and the 372 sq km Deba license immediately SW of the Samira Hill Mine. (See attached map.) Results from our initial drill program in March 2010 encountered near surface high-grade values over significant widths. (3.08 g/t Au over 24 m; 11.40 g/t Au over 6 m; 3.37 g/t Au over 13 m and 3.15 g/t Au over 12 m). More information on this project can be garnered from our website at www.amiresources.com

The company will begin a 7,100 m drill program next month and as drill results are received from the 7 identified targets, sufficient funds will be available to expand this drilling program.

Claude Jobin, P.Eng M.Sc. AMI's consulting geologist, who is a qualified person within the meaning of NI43-101, has reviewed the scientific and technical information contained in this press release.

http://files.newswire.ca/872/AMIRes_Oct251010.pdf

Dustin Elford, President

We seek Safe Harbor.

"Neither 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."

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For further information:

Suite 888-609 West Hastings Street, Vancouver, B.C., Canada V6B 4W4 T 604 669-2901   F 604 669-8922   Toll Free 1 888 669-2901   E [email protected]   www.amiresources.com