Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

January 02, 2007 14:31 ET

Asia Now Begins Drilling at Habo Copper-Gold Porphyry in China

TORONTO, ONTARIO--(CCNMatthews - Jan. 2, 2007) - Asia Now Resources Corp. (TSX VENTURE:NOW) is pleased to announce that diamond drilling has started on its Habo Project in Yunnan Province, China, following, as planned, the area's rainy season.

The initial 1,000-metre drill program includes two holes to test a large copper-gold-molybdenum system in the Habo South Block. This mineralization system, as previously reported, is typified at surface by porphyry-style mineralization with copper up to 1.0% and gold up to 1.3 grams per tonne in channel samples collected from trenches.

The mineralization system is at least 1,300 metres long and 800 metres wide, with a possible limit of the system located only to the northeast. The system features extensive potassic alteration with quartz-magnetite-sulfide stockwork and disseminated sulfides (mostly oxidized to limonite with locally visible pyrite, chalcopyrite, and chalcocite) in the porphyries, which are typical characteristics for porphyry copper-gold systems worldwide.

The Company has also completed five adits into a prominent hillside at Habo. The adits vary in length between 50 and 100 metres and total approximately 400 metres. The Company is continuing to drive another four adits for an additional 500 metres. Assays from adits are pending, but mineralization indicated in the completed adits as well as results from tenching on surface, provided sufficient information to spot the first drill holes.

The adits and the drill program are all aimed to test the Habo South soil geochemical anomaly which is 3.5 km long by 2.1 km wide, outlined using 150 ppm copper, 16 ppb gold and 10 ppm molybdenum, one of four major gold-copper-molybdenum soil anomalies associated with the Habo porphyry.

Habo is 350 km by highway and paved road from Kunming, the capital city of Yunnan Province. It is one of three key projects that the Company is currently exploring in Yunnan. The Company is also conducting a drill program on its Beiya Project, also in Yunnan, as indicated in a news release dated November 6, 2006.

SAMPLING, ASSAYING, QUALITY CONTROL AND QUALIFIED PERSON

Details of sampling procedures and laboratory checks are provided in the NI 43-101 report filed on SEDAR. All geochemical samples are collected by experienced field exploration teams following Chinese standard procedures and closely monitored by Company personnel. To maintain independent quality control in the laboratory, duplicate samples are submitted from 5% of sample sites, and replicate samples are submitted for 3% of samples. In addition, the laboratories use an extensive range of internal standards. External check assays are routinely performed on samples submitted by the laboratory to The National Geological Laboratory, Beijing, and independently by the Company to Ultra Trace Analytical Laboratories, Canning Vale, Western Australia.

Exploration on all of the Company's projects are conducted under the supervision 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 resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

ABOUT ASIA NOW RESOURCES CORP.

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 Resources, please visit its web site at www.asianow.ca.

Shares Outstanding: 49,193,238

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