Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

April 29, 2011 15:00 ET

Asia Now Announces Declined Acceptance of Previously Granted Stock Options

TORONTO, ONTARIO--(Marketwire - April 29, 2011) - Asia Now Resources Corp. ("Asia Now" or the "Corporation") (TSX VENTURE:NOW) announces that it has cancelled 1,500,000 stock options previously announced in a press release dated February 18, 2011. Some of the Board members and grantees have declined acceptance of their options.

The cancelled options were to purchase 1,500,000 common shares of the Corporation at $0.30 each for a period of five years to the following directors and grantees of the Corporation:

NamePositionOptions Granted
Muliawan SutantoDirector250,000
Ng Tai ChiuDirector250,000
Chan Wing KwongDirector300,000
John Lee Luen WaiDirector200,000
Alex TjokrorahardjoDirector250,000
Other granteesConsultants250,000

These options were subject to shareholder and regulatory approval and could not be exercised until such approvals were obtained.

About Asia Now:

Asia Now Resources Corp. is a mineral exploration company, exploring potential world-class ore deposits in China with the aim of developing them. The Corporation has established offices, joint ventures and a significant network with the Chinese mining industry and governments. Under the leadership of an experienced international board and management team, the Corporation has been operating smoothly in China since 2002. The Corporation is currently drilling at its key Beiya project which is located in the Yunnan Province of China. The project has large mineralization belts with potential for significant discoveries. For more information, please visit www.asianow.ca.

This Press 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" and 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 the Corporation'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 Press Release including such forward-looking statements, unless otherwise required under applicable law.

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.

Contact Information

  • Asia Now Resources Corp.
    Kaihui Yang
    President
    (416) 364-7281

    Asia Now Resources Corp.
    Andreas Curkovic
    Investor Relations
    (416) 364-7281
    info@asianow.ca
    www.asianow.ca