News Release

AMI Resources Inc. Completes $2.2 Million Private Placement

Vancouver, B.C. – AMI Resources Inc. is pleased to announce that it has completed its non-brokered private placement announced on December 11, 2006 and issued 11,000,000 units (“Units”) at a price of $0.20 per Unit for gross proceeds of $2,200,000 (the “Offering”).

Each Unit consists of one (1) common share and one (1) share purchase warrant. Each share purchase warrant entitles the holder to purchase an additional common share of the Company at a price of $0.40 per share until December 21, 2008. If after April 22, 2007 and until the expiry date of the warrants, the closing price of the Company’s common shares exceeds $0.75 for 20 consecutive days, the Company will be able to accelerate the expiry date 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.

PowerOne Capital Markets Limited received $160,000 and 1,000,000 non-transferable compensation options (the “Compensation Options”) in finder’s fees. The Compensation Option entitles PowerOne to acquire up to 1,000,000 Units at a price of $0.20 per Unit until December 21, 2008.

Under applicable securities legislation and policies of the TSX Venture Exchange, all of the foregoing securities are subject to a hold period expiring on April 22, 2007.

Proceeds from this private placement will be used to accelerate our exploration efforts at our North Ashanti Gold Project in Ghana, West Africa.  The North Ashanti Gold project covers approximately 166 square kilometers with 15 km of strike on the Ashanti Shear.

The Company has set forth an exploration program that will target the already defined four gold zones with a view to increase our current gold resource of 122,000 ounces.  Previous reported drill programs over these four zones have encountered some significant mineralized sections such as: 49m of 2.76 g/t Au; 40m of 3.61 g/t Au; 32m 2.85 g/t Au; 31m 2.38; 48m 1.64; 12m 5.91 and 7m of 17.47.

Also the Company plans to explore several of the structural targets that were identified in the Target Generation Report that was prepared by Dr. Colin Porter, of SEM Exploration Services.

The Company would also like to announce the appointment of Damien Reynolds to the Board of the Company. Mr. Reynolds is Chairman & C.E.O. of Longview Capital Partners and also holds positions in several other publicly traded companies. An additional mutually acceptable Board member will be appointed soon.


On behalf of the Board of Directors,

“ Dustin Elford”

Dustin A. Elford