APD Advanced Primary Minerals Corporation

Advanced Primary Minerals Corporation (the "Corporation" or "APM") (TSX
VENTURE:APD) is pleased to provide an update on the proposed plan of arrangement
("Arrangement") with Erdene Resource Development Corporation ("Erdene")
(TSX:ERD) announced in the Corporation's news releases issued on June 28, August
8, August 13, and September 7, 2012.


APM's proposed Arrangement will constitute a reverse takeover transaction under
Policy 5.2 - Change of Business and Reverse Takeovers of the TSX Venture
Exchange (the "Exchange"). Pursuant to the policies of the Exchange, the
Corporation is required to issue a news release every 30 days following its
initial news release to provide an update on the status of the Arrangement. The
last update was issued September 7, 2012.


The Corporation advises that it continues to focus on the regulatory and legal
processes to complete the Arrangement, which include obtaining the consent of
the Exchange as well as approval of the APM shareholders and the Supreme Court
of Nova Scotia ("Court").


The Corporation obtained conditional approval for the Arrangement from the
Exchange and is mailing an information circular ("Circular") to APM shareholders
in connection with a special meeting of APM shareholders ("Meeting") called to
consider the Arrangement. The Meeting will be held on October 26, 2012 at 9:00
a.m. (Atlantic Time), at Purdy's Wharf Tower II, 1969 Upper Water Street, Suite
1300, Halifax, Nova Scotia. A copy of the Circular is available on SEDAR and on
the Corporation's website at www.advminerals.com. 


The Arrangement involves the transfer by Erdene to APM of $1.95 million cash and
all of Erdene's North American property interests, comprised primarily of its
25% interest in the Donkin Coal Project in Cape Breton, Nova Scotia, by way of
the transfer of the shares of Erdene Resources Inc. ("ERI"), a wholly owned
subsidiary of Erdene, to APM. As part of the Arrangement, following the
transfer, ERI and APM will amalgamate to form an amalgamated corporation to be
named "Morien Resources Corp." ("Morien"). The shares of Morien will be
consolidated whereby, on the effective date of the Arrangement ("Effective
Date"), Morien will distribute to the APM shareholders one Morien share for each
7.85 APM shares held. As an example, a holder of 7,850 APM shares on the
Effective Date will become a holder of 1,000 Morien shares. Erdene will
distribute all of the shares of Morien it then owns to the Erdene shareholders.


Following the Arrangement, all of Erdene's North American property interests,
consisting primarily of Erdene's 25% interest in the Donkin Coal Project, will
be held by Morien, which will trade on the TSX-V under the symbol "MOX". Morien
will have an aggregate of 49,255,990 shares outstanding, 97.25% of which will be
held by Erdene shareholders and 2.75% will be held by the former shareholders of
APM other than Erdene.


To be effective, the Arrangement must be approved by (i) at least 66 2/3% of the
votes cast by APM shareholders present in person or represented by proxy at the
Meeting, and (ii) a majority of the votes cast by APM shareholders other than
the senior officers and directors of each of Erdene and APM. The Arrangement is
also subject to the satisfaction of other conditions, including the approval of
the Court. 


Assuming the necessary shareholder approval is obtained, APM intends to seek the
Court's approval for the Arrangement on November 1, 2012. If the Court order is
obtained and all other conditions are satisfied, it is expected that the
Effective Date will be on or about November 7, 2012. Upon completion of the
Arrangement, a news release will be issued by APM advising of the actual
Effective Date. 


APM's board and management believe that the Arrangement will provide new
potential for the former APM shareholders by enabling Morien to pursue its
corporate objectives and strategies, with a view to maximizing long-term
shareholder value. In particular, the Arrangement will allow Morien to focus on
the development of bulk commodity projects in North America, primarily coal
projects, led by the Donkin Coal Project. Further, the separation of Erdene's
North American assets from its Mongolian metals exploration assets into two
public companies is expected to improve the market's identification and
recognition of value for the Donkin Coal Project within a separate public
company.


In accordance with the policies of the Exchange, the APM shares are currently
halted from trading and it is expected that they will remain halted until the
completion of the proposed Arrangement.


Cautionary Notes

Investors are cautioned that, except as disclosed in the Circular, any
information released or received with respect to the proposed Arrangement may
not be accurate or complete and should not be relied upon. Trading in the
securities of APM should be considered highly speculative.


This news release contains forward-looking statements and information
("forward-looking statements") within the meaning of applicable securities laws
relating to the proposal to complete the proposed plan of arrangement and
associated transaction, including statements regarding the terms and conditions
of the proposed plan of arrangement and associated transaction. Readers are
cautioned to not place undue reliance on forward-looking statements. Actual
results and developments may differ materially from those contemplated by these
statements depending on, among other things, the risks that the parties will not
proceed with the proposed plan of arrangement and associated transactions, that
the ultimate terms of the proposed plan of arrangement and associated
transactions will differ from those that currently are contemplated, and that
the proposed plan of arrangement and associated transactions will not be
successfully completed for any reason (including the failure to obtain the
required approvals or clearances from regulatory authorities). Furthermore, the
forward-looking statements contained in this document are made as of the date of
this document and, except as required by applicable law and APM does not
undertakes any obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise. The forward-looking statements contained in this document
are expressly qualified by this cautionary statement.

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