Overview

AMI Resources Inc. is a Vancouver, British Columbia based exploration and development stage company, which through its wholly owned operating subsidiary (Norcan Mining Corp.), has elected to concentrate its exploration activities in Ghana, West Africa. Ghana has a long history of gold production and with its stable political climate, Ghana makes for an excellent country for mineral exploration on strategically located properties. Several senior and mid-tier mining companies like Anglo, Newmont, Placer, Rangold, Golden Star and Goldfields have a significant presense in the country.

AMI’s approach to success is to evaluate and acquire promising gold exploration projects either directly from the government or through purchases/options with other companies/individuals. With adequate financial support, AMI will assume the initial risks of mineral exploration. Should a resource be outlined AMI will then determine the feasibility of bringing the project into production internally or will look to a major company for either a joint venture or outright sale.

AMI through its operating subsidiary Norcan Mining Corp. holds two contiguous concessions – Anuoro (Praso) – Beposo – covering 15 km of stike length along the prolific Ashanti Trend. Anglo/Ashanti Goldfields, +40 million ounce Obuasi Mine is located 50 km to the southwest along this trend and Newmont Mining recently announced that their Akyem property (+8 million ounce) which is located approximately 25 km to the southeast will be in production by 2008. AMI’s concessions cover approximately 166 square kilometers within this trend and are jointly referred to as the North Ashanti Project.

AMI has spent approximately $3 million to date exploring and developing this project. This intensive and ongoing exploration activity included soil geochemistry, magnetic survey, trenching and drilling. Results to date have been extremely encouraging and are explained in more detail under the Property section of this web-site.

Chief Properties

North Ashanti Project, Ghana, West Africa

The North Ashanti Project lies in the south-central part of Ghana, West Africa approximately 200 kilometres northwest of Accra. The vicinity of the North Ashanti Project area can be reached by paved highway, which connects the capital of Accra to Kumasi. Gravel and dirt roads traverse throughout the North Ashanti Project area and a network of footpaths allows for easy access to a vast portion of the project.

The North Ashanti Project is strategically situated on the prolific Ashanti Trend and is surrounded by three gold mines. The Konongo Mine adjoins its northern border, the Anglo/Ashanti Goldfields, ± 40 million ounce Obuasi Mine is located approximately 50 kilometres to the southwest and Newmont Mining’s Akyem Mine (± 8 million oz )scheduled for production in 2008 is just 25Km to the southeast.

Project Ownership/Status

AMI through it’s operating subsidiary, Norcan Mining Corp., owns 100% of the North Ashanti Project subject to a 10% carried interest by the Ghanaian Government. This project consists of two Government granted prospecting licenses one being the Beposo concession and the other being the Anuoro Praso concession. These contiguous licenses, cover approximately 166 square kilometres, and over 15 kilometres of identified gold anomalies between the Obuasi Mine and the Konongo Mine. <!–(Figure 3).–>

Management

• Mr. Dustin A. Elford, President, Chief Executive Officer and Director
  Mr. Elford for the past 27 years has been a co-founder and a key individual in the development of junior resource companies. Mr. Elford has extensive knowledge in the acquisition, funding and development of projects in Ghana, Colombia, El Salvador, Mexico, Canada and the United States.
• Mr. William C. Pettigrew, Chief Financial Officer, Corporate Secretary and Director
  Mr. Pettigrew has for the past 22 years been involved in the organization, funding and administration of public companies both on the TSX Venture Exchange and NASDAQ. He has been involved with the acquisition and funding of mineral projects in Canada, United States, Venezuela and Ghana.
• Mr. Jay Sujir, Corporate Counsel, Independent Director
  Mr. Sujir is the senior partner with Anfield Sujir Kennedy & Durno, a securites law firm with its head office in Vancouver, British Columbia. Mr. Sujir is a director on several public companies listed on the TSX Venture Exchange.
• Mr. Sean McGrath, Independant Director
  Mr. McGrath has spent the last nine years providing financial consulting services to both public and private companies. He received a Bachelor of Commerce (Honours) Degree from Memorial University of Newfoundland in 1995. Subsequently, Mr. McGrath has attained two professional accounting designations, Certified General Accountant and Certified Public Accountant.
• Mr. Terry Heard, P. Eng., Consulting Geologist, Independent Director
  Mr. Heard is a graduate of the Haileybury School of Mines in Ontario, and is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia. Mr. Heard has practiced as an exploration geologist for 45 years and as a professional engineer for the past 31 years.
• Damien Reynolds, Independent Director
  Mr. Reynolds has been involved in the junior resource sector for over twenty years. He has gained industry knowledge through founding, investing in and serving on the Boards of a number of public exploration companies. Mr. Reynolds has an impressive track record with projects of merit around the world and also for his ability to raise capital for junior companies. Mr. Reynolds is currently Chairman and CEO of Longview Strategies Inc. as well as Executive Chairman of Tournigan Gold Corp. Tournigan is a gold and uranium exploration and development company that is advancing two European gold deposits totaling 1.9 million ounces into operating mines, and with uranium assets hosting 48 million lbs of Uranium in Europe.
• Mr. Simon Meadows Smith, Consulting Geologist
  Mr. Meadows Smith is a graduate of University of Nottingham with a Bachelor of Science (Honors) Geology. Currently based in Accra, Ghana, Mr. Meadows Smith has over twelve years experience in the mineral exploration and mining industry. He was instrumental in the discovery of the Homase gold deposit (current gold resource of 500,000 oz) which is located thirty-five kilometers to the south of the Adumasa Project and fifteen kilometers to the north of the Obuasi Mine. Mr. Meadows-Smith has supervised AMI’s exploration activities in Ghana since April, 2002.

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