Mr. Gerald Wright reports

AMANTA RESOURCES LTD. SIGNS INDICATIVE PRINCIPAL TERMS OF AGREEMENT WITH MEKONG MINERALS LIMITED

Amanta Resources Ltd. has signed indicative principal terms of agreement with Mekong Minerals Ltd., an Australian exploration and development company.

Pursuant to the terms, Amanta and Mekong have entered an exclusive relationship and agree to pursue a binding sale and purchase agreement with the principal objective of Mekong purchasing Amanta's rights and interests under the mineral prospecting and exploration agreement between Amanta and the government of the Lao People's Democratic Republic and the joint exploration agreement between Amanta and Japan Oil Gas and Metals National Corp., pertaining to the Luang Namtha project in northern Laos.

The agreement will be conditional upon the successful completion of Mekong's technical, legal and accounting due diligence on Amanta and the assets, and Mekong has been granted a 60-day period of exclusivity, ending on Oct. 10, 2014, for this purpose. During this period of exclusivity, Amanta's directors, officers and agents are prohibited from partaking in communications regarding the Luang Namtha project with any other parties.

Pursuant to the terms of the agreement, Mekong will agree to pay Amanta a total consideration of $1.75-million (U.S.) for the assets, as follows:

• $250,000 (U.S.) upon signing of the agreement;
• $500,000 (U.S.) within 12 months of completion;
• $1-million (U.S.) within 24 months of completion.

Closing of the transaction will require the approval of Amanta's shareholders and the TSX Venture Exchange. The transfer of Amanta's rights and interests under the mineral prospecting and exploration agreement will require the consent of the Lao government.

Amanta also announces that it plans to hold its annual general meeting on Oct. 17, 2014.