Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

August 12, 2015 16:15 ET

Asia Now Announces Appointment of Receiver and Changes to Management and Board of Directors

TORONTO, ONTARIO--(Marketwired - Aug. 12, 2015) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Asia Now Resources Corp. (TSX VENTURE:NOW) ("ANR" or the "Corporation") announces further to its press release of August 4, 2015 that secured creditor and majority shareholder, China Gold, plans to appoint a receiver on Friday August 14, 2015 to realize on its security interest in the Corporation. The Corporation also reports the resignation of James Macintosh and Elliott Jacobson from its Board of Directors. Messrs. Macintosh and Jacobson have served as Directors of the Board of ANR since June 2012 and August 2013, respectively. In addition, Julio DiGirolamo has resigned as Chief Financial Officer of ANR effective immediately. Both directors and Mr. DiGirolamo have resigned their positions with the Corporation to pursue other opportunities. The Board of ANR thanks all three gentlemen for their contributions to the Corporation and wishes them well in their future endeavours.

About Asia Now Resources:

Asia Now Resources Corp. is a mineral exploration company active in China since 2002. Current projects include gold, silver, copper and lead at two major projects in China. ANR currently holds an indirect 72% interest in the Beiya North Property (which can be increased to 90%). The Beiya North Property consists of a joint venture with Yunnan Non-Ferrous Resources Group Company Limited. ANR is currently earning a 60.12% indirect interest in the Habo South Property (which can be increased to 88%) in a second joint venture with Yunnan Gold Mining Group Corporation Limited.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

This news release contains certain forward-looking statements. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential", "may" and other similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause ANR's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition or alteration to the information contained in this news release including such forward-looking statements, unless otherwise required under applicable law.

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