APM Receives Extension of Secured Promissory Note

Advanced Primary Minerals Corporation (the "Corporation" or "APM") (TSX
VENTURE:APD) announced today that the Corporation was granted an extension from
its controlling shareholder, Erdene Resource Development Corp. ("ERD"), of a
promissory note due February 28, 2012 (the "Note").


ERD has agreed to extend the due date of the Note to August 31, 2012 while the
Corporation considers various options to refinance or restructure its
operations. Options may include equity financing, renegotiating a new credit
facility with ERD or another lender or the monetization of the Corporation's
assets. 


The Note, in the principal amount of up to $550,000, entitles ERD to an interest
payment of 5.0% payable at maturity and is secured by certain of the
Corporation's real property located in McDuffie County, Georgia. The current
balance of the Note is approximately $270,000, equating generally to the amount
of the Corporation's current negative working capital balance.


The Corporation commissioned its Dearing, Georgia kaolin processing plant in
October, 2009 in the midst of a serious downturn in the U.S. and world
economies. Housing construction was particularly impacted by the global economic
decline, leading to a direct adverse impact on the sanitary-ware and ceramic
tile industries, two primary consumers of the Corporation's products. Despite
encouraging feedback from the Corporation's existing and potential customers,
the combination of slower than expected sales commitments and the costs of
maintaining a publicly-traded company during this difficult period have impeded
the path to sustainable cash flow from operations.


In the process of preparing the Corporation's year-end financial statements,
management has determined that an impairment charge against the book value of
the Corporation's assets is likely to be required. Although the amount of the
charge is not yet determined, management expects it may be material.


About APM 

APM, through its wholly owned subsidiary, Advanced Primary Minerals USA Corp.,
operates a recently constructed kaolin processing plant in Dearing, Georgia and
has been active in Georgia and South Carolina for over 10 years exploring for,
evaluating, extensively testing and securing high quality kaolin resources.
Target markets include ceramics, paper, paint and coatings, catalysts and other
specialty industrial applications. APM has 26,342,963 shares issued and
outstanding and a fully diluted share position of 28,924,200 shares.