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Private Placement Closed


May 7, 2009

AMI Resources Inc. has closed the previously announced non-brokered private placement of 5 million units at the price of $0.05 per unit, for gross proceeds of $250,000.

The Units will comprise of one common share and one share purchase warrant (the Warrants). Each Warrant shall entitle the holder to purchase an additional common share of the company at a price of $0.10 per share for a period of one year from the date of closing. If after September 5th, 2009 the closing price of the company’s shares exceeds $0.30 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 given to the holders of the Warrants.

Under applicable securities legislation and policies of the TSX Venture Exchange all of the foregoing securities issued pursuant to this private placement will be subject to a hold period expiring September 5th, 2009.

PowerOne Capital Markets Limited received cash compensation of $12,800 and a non-transferable finder’s option (the “Finders Option”) in finder’s fees. The Finders Option entitles PowerOne Capital Markets Limited to acquire up to 320,000 Units at a price of $0.05 per Unit until May 4, 2010.

Under the Company’s Stock Option Plan 2,400,000 stock options issued to certain directors, officers and employees have been re-priced and are now exercisable at $0.05 per share, and an additional 250,000 stock options for a period of 3 years have been granted to a director.

Dustin Elford, President
We seek Safe Harbor.