Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

May 17, 2006 20:30 ET

Asia Now Resources Appoints Martin as Executive Chairman

TORONTO, ONTARIO--(CCNMatthews - May 17, 2006) - Asia Now Resources Corp. (TSX VENTURE:NOW) announces that Philip S. Martin has been appointed Executive Chairman of the Company.

The Company also announces that James S. Borland has been appointed Executive Vice President of the Company. Mr. Martin, who has resigned as Chief Executive Officer, Mr. Borland and Company President Kaihui Yang will form an Office of the Chief Executive Officer. As Executive Chairman, Mr. Martin will continue to act as the Company's main spokesman. Mr. Borland, a director of an Asia Now predecessor company, will be responsible for corporate administration and Dr. Yang will be responsible for exploration activities in China.

This management restructuring, which is effective immediately, follows the successful listing of the Company on the TSX Venture Exchange earlier this year.

About Asia Now Resources

Asia Now Resources Corp. is a Canadian mineral exploration company focused solely on projects in the People's Republic of China. To learn more about Asia Now, please visit out web site at www.asianow.ca.

Shares Outstanding: 48,036,988

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

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