Applied Minerals, Inc. Announces MOU to Enter Into a Distribution/Agency Agreement With Mitsui Plastics, Inc.

Applied Minerals, Inc. Announces MOU to Enter Into a Distribution/Agency 
Agreement With Mitsui Plastics, Inc. 
NEW YORK, NY -- (Marketwired) -- 06/17/13 --  Applied Minerals, Inc.
(the "Company") (OTCQB: AMNL) (OTCBB: AMNL), a leading global
producer of Halloysite Clay, is pleased to announce that it has
entered into a Memorandum of Understanding ("MOU") to form an
agreement with Mitsui Plastics, Inc. to market, sell, and distribute
its Dragonite(TM) Halloysite Clay and Iron Oxide globally. 
Mitsui Plastics, Inc. utilizes an extensive international sales force
and infrastructure to serve the worldwide plastics market through the
distribution of a full range of plastics and plastic additives,
modifiers, and advanced materials. 
The agreement contemplated by the MOU includes a distribution
agreement covering South and Central America, Europe, Middle East,
Africa, and Asia and an agency agreement covering North America. The
distribution and agency agreements will be on a non-exclusive basis
and will include Halloysite Clay and Iron Oxide products under
Applied Minerals' branding.  
Andre Zeitoun, CEO of Applied Minerals, commented, "We are proud that
our Dragonite Halloysite Clay and Iron Oxide products have been
chosen by Mitsui Plastics' marketing, sales, and distribution
business. We believe this contemplated agreement will help accelerate
the penetration of our products into several of our target markets."
Mr. Zeitoun continued, "In particular, we are optimistic about
penetrating the $5.4 billion global flame retardant market for which
we continue to see strong interest and demand for Dragonite as a
mineral-based alternative to current brominated offerings. We look
forward to teaming up with a first-class global distributor like
Mitsui Plastics and are excited for the opportunity that lies ahead." 
About Applied Minerals, Inc.  
Applied Minerals is the leading producer of Halloysite Clay solutions
from its wholly-owned Dragon Mine property in Utah. Halloysite is an
aluminosilicate clay that forms naturally occurring nanotubes. In
addition to serving the traditional halloysite markets for use in
technical ceramics and catalytic applications, the Company has
developed niche applications that benefit from the tubular morphology
of its halloysite. These applications include carriers of active
ingredients in paints, coatings and building materials, environmental
remediation, agricultural applications and high-performance additives
& fillers for plastic composites. Additional information on the
company can be found on our company website at
www.appliedminerals.com. 
About Mitsui Plastics, Inc. 
Established in 1988, Mitsui Plastics, Inc. (MPI), a subsidiary of
Mitsui & Co. (U.S.A.) and part of the global Mitsui network, serves
the plastics market in the Americas, Asia and other countries around
the world through quality products and services in the plastics and
other related markets. The company explores new opportunities and
services for its partners through seven MPI divisions: Automotive
Materials, Specialty Materials, Packaging Material Development,
Plastic Additives and Catalysts, Advanced and Renewable Energy, Basic
Polymers: Polyolefin & PVC and a Growth Initiative Team.
Headquartered in White Plains, NY, with offices in Detroit, Houston
and Los Angeles, MPI remains strongly committed to good corporate
citizenship with respect for stakeholders and community and
environmental and social accountability. Additional information on
the company can be found on website at
http://www.mitsuiplastics.com/. 
Safe harbor statements under the Private Securities Litigation Reform
Act of 1995 for Applied Minerals, Inc.: Some statements contained or
implied in this news release may be considered forward-looking
statements, which by their nature are uncertain. Consequently, actual
results could materially differ. For more detailed information
concerning how risks and uncertainties could affect the Company's
financial results, please refer to Applied Minerals' most recent
filings with the SEC. The Company assumes no obligation to update any
forward-looking information.  
Investor Relations Contact: 
Jordan M. Darrow 
Darrow Associates 
631-367-1866 
jdarrow@darrowir.com