Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

October 31, 2006 09:09 ET

Asia Now Appoints Douglas Scharf as Chairman

TORONTO, ONTARIO--(CCNMatthews - Oct. 31, 2006) - Asia Now Resources Corp. (TSX VENTURE:NOW) is pleased to announce the appointment of Douglas Scharf as Chairman of the Company.

Mr. Scharf has over 28 years of experience in international precious metal and base metal mining and smelting. He has been involved in a number of acquisitions, mergers, financings and development projects. As Chief Financial Officer of the Dome Mines Group of Companies, he was instrumental in the formation of Placer Dome Inc. Mr. Scharf was Vice President, Finance of Placer Dome Inc. and also a Director and Chief Financial Officer of Inmet Mining Corporation. He was also instrumental in the acquisition and financing of HudBay Minerals Inc. and served as that company's Executive Vice-President, Corporate Development. He has served as a director and consultant to a number of other mining companies. Mr. Scharf is a Chartered Accountant and has a Bachelor of Arts in Economics from York University in Toronto, Ontario.

The Company would also like to thank Philip S. Martin for serving as Executive Chairman during the Company's formative stages. Mr. Martin remains a director of the Company and in that capacity will continue to contribute to the future direction and success of the Company.

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 our web site at www.asianow.ca.

SHARES OUTSTANDING: 48,036,988

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