APM Completes Sale of Dearing Operating Assets

Advanced Primary Minerals Corporation (the "Corporation" or "APM") (TSX
VENTURE:APD) is pleased to announce that the Corporation's wholly owned
subsidiary, Advanced Primary Minerals USA Corp. ("APM USA"), has completed the
sale of APM USA's operating assets and select real property in Georgia, USA to
Paul Coughlan, Vice-President, Business Development of the Corporation, and to a
company controlled by Mr. Coughlan and David Avant, Vice-President Operations of
the Corporation (collectively, the "Buyers"). The Corporation announced the
proposed sale in a press release issued on May 30, 2012. The sale package
includes all equipment and leaseholds connected with the Dearing, Georgia, USA
leased facility, the 80 acre Tudor mine property and associated mineral resource
and data, as well as a 16.9 acre property containing a house and storage
building and a 19.47 acre tract of vacant land. The sale price of the assets was
US$893,000 which was settled with US$492,000 cash on closing and US$401,000 in
assumed liabilities, namely the leases and purchase obligations, primarily for
the land and building comprising the Dearing plant, as well as the asset
retirement obligations associated with the Tudor mine and Dearing plant site.


The agreement also provides for a royalty payable to the Corporation on annual
kaolin mined from the Tudor property in excess of 20,000 tons per year. The
proceeds of the sale are expected to be applied to the Corporation's secured
promissory note due August 31, 2012 that is payable to the Corporation's parent
company, Erdene Resource Development Corp. ("Erdene"), which owns approximately
60% of the Corporation's issued and outstanding shares. 


Late last week the Corporation announced that it reached agreement in principle
with Erdene whereby Erdene will sell all of its North American property
interests, comprised primarily of Erdene's interest in the Donkin Coal Project
in Cape Breton, Nova Scotia Canada, to APM for share consideration from APM (See
APM release dated June 28, 2012). By way of a statutory plan of arrangement,
Erdene intends to deliver to Erdene shareholders all of its existing APM shares
and those to be received on the sale of its North American property assets to
APM. 


The proposed transaction will provide the current minority shareholders of APM
with exposure to the Donkin Coal Project. For further details regarding the
Donkin Coal Project, please visit the Featured Item section of the home page of
the Erdene website at www.erdene.com. 


About APM

APM, through its wholly owned subsidiary, Advanced Primary Minerals USA Corp,
owns property in Georgia containing primary kaolin resource and has been active
in Georgia and South Carolina for over 10 years exploring for, evaluating,
extensively testing and securing high quality kaolin resources. APM has
26,342,963 shares issued and outstanding and a fully diluted share position of
28,887,629 shares.


Forward-Looking Statements

Certain information regarding APM contained herein may constitute
forward-looking statements within the meaning of applicable securities laws.
Forward-looking statements may include estimates, plans, expectations, opinions,
forecasts, projections, guidance or other statements that are not statements of
fact. Although APM believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. APM cautions that actual
performance will be affected by a number of factors, most of which are beyond
its control, and that future events and results may vary substantially from what
APM currently foresees. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration results, continued availability of capital and
financing and general economic, market or business conditions. The
forward-looking statements are expressly qualified in their entirety by this
cautionary statement. The information contained herein is stated as of the
current date and subject to change after that date.

Advanced Primary Minerals Corporation (TSXV:APD)
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