Applied Minerals, Inc. announced that it has entered into a Distributorship and Agency Agreement with DNB Enterprise (DNB) for the Republic of Korea where DNB will be the exclusive distributor of the Company's DRAGONITE halloysite clay products. The management of DNB has extensive knowledge of the performance materials industry in South Korea and will market AMI's DRAGONITE for use in applications such as, but not limited to, technical ceramics, flame retardant additives, nucleating and chemical foaming agents, agricultural remediation and cosmetics. The management of AMI believes attractive commercial opportunities exist within the South Korean market for its DRAGONITE halloysite clay products.

AMI may, in the future, expand the territory of DNB to include additional countries within Asia.