Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

October 17, 2007 11:05 ET

Asia Now Receives Exploration Licences for Great Wall Gold Project

TORONTO, ONTARIO--(Marketwire - Oct. 17, 2007) - Asia Now Resources Corp. (TSX VENTURE:NOW) is pleased to announce that Hebei Now Resources Co. Ltd, a Cooperative Joint Venture (CJV) formed by Asia Now and the Second Geological Team of Hebei Prospecting and Exploration Bureau of Mineral Resources of Hebei Province, has been granted two exploration licences covering an area of 24 square kilometres of the Great Wall gold project from Hebei Province's Department of Land and Resources with approval from the Ministry of Land and Resources and the Ministry of Commerce in Beijing.

With exploration licenses now having been received, the Company is planning exploration programs aimed at determining the extent of anomalies, including trenching and drilling to test bedrock grades, to follow up geological mapping and geochemical sampling programs completed in early 2006.

The target for exploration in this area is Carlin-style micro-disseminated gold in carbonates similar to mineralization currently being mined in small-scale open pit operations on adjoining properties. The project also encompasses quartz-vein hosted gold deposits with potential for high-grade underground mining operations.

The Great Wall Project includes approximately 14 km of a known mineralized structural corridor. The Company has also applied for additional ground to cover approximately 40 km of this structural corridor.

The Great Wall gold project was acquired in 2004, and the CJV Company was established in 2005. Since then, the Company has been following procedures for the transfer of exploration rights into the CJV Company, which have included obtaining approval from local, Provincial and Central Governmental Agencies, as well as military examinations. While waiting for the approvals, the Company completed basic exploration programs, and has been waiting for the approvals before committing to any exploration programs involving substantial expenditure. The Company is earning an 80% interest in the CJV.

SAMPLING, ASSAYING, QUALITY CONTROL AND QUALIFIED PERSON

Exploration and financial controls are implemented in each of the company's exploration projects in China, as published on the website of the Company, www.asianow.ca. Quality control and assurance programs are implemented in line with the standards of National Instrument 43-101, as described the independent 43-101 report filed on www.Sedar.com. Exploration on all of the Company's projects is conducted under the direction of Dr. Noel C. White, a director and consultant to the Company and a Qualified Person as defined under National Instrument 43-101. Dr. White has read and approved this news release. Disclosure on mineralization on adjacent properties has not been verified by Dr. White and is not necessarily indicative of the Company's anticipated results. Where provided, potential quantity and grade is conceptual in nature as the Company has not conducted sufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

About Asia Now Resources:

Asia Now Resources Corp. is a mineral exploration company active in China since 2002. The Company has established offices, joint ventures and a significant network with Chinese partners. Current projects include copper, gold and silver at three major projects, with drilling underway at two of these. Under the leadership of an experienced management team, the Company has a sound balance sheet to take exploration into the next phase. For more information, visit www.asianow.ca.

Shares Outstanding: 48,193,238

The TSX Venture Exchange has not reviewed and does not accept responsibility for this news release.

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