Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

May 12, 2008 09:00 ET

Asia Now Exploration Update

TORONTO, ONTARIO--(Marketwire - May 12, 2008) - Asia Now Resources Corp. ("Asia Now") (TSX VENTURE:NOW) is very pleased to provide an update on the Company's exploration programs in Yunnan, China. This update is based on compilation of exploration results obtained in 2007. The Board of Directors of Asia Now and its Joint Venture ("JV") Companies approved the exploration reports for 2007 and the 20,000 metre drilling programs in 2008 for next phase of exploration to further test the high grade zones of mineralization at Habo and Beiya.

"We found very large mineralization systems at Habo and Beiya in 2007," said Dr. Kaihui Yang, the President of the Company. "Exploration in 2008 will be focused on drilling to identify economic grade mineralization in both properties."

Beiya Project

Exploration has been focused on the 13 kilometres by 2 kilometres Beiya North gold mineralization zone, half of which occurs on the JV ground controlled by Asia Now, and half on the adjacent open pit gold mine with production being ramped up to 100,000 ounces gold per year. Drilling on the JV property north of the adjacent gold mine has tested three thick, shallow gold and base metal mineralization zones ranging from 16 to 52 metres thick, and grading 0.6-23.5 g/t gold, 13-107 g/t silver, 0.82-16.9% lead and 0.7-2.6% zinc, and a number of thin (0.7-2.0 metre) gold veins grading 4.2-5.8 g/t gold and 16.1-29.3 g/t silver. To the southwest of the gold mine, trenches and short tunnels outlined 6 gold zones up to over 4.7 metres thick, and grading up to 34 g/t, and one copper-gold zone 11.2 metres thick grading 0.6% copper and 0.1 g/t gold. To the northeast of the gold mine, high grade gold up to 14.5 g/t has been found in the residual magnetite and the gold resource is being evaluated over an area of 3.6 square kilometres.

Trenching and bedrock sampling at the over 12-square kilometres Beiya Far North gold anomaly has outlined two gold mineralization zones, one extending at least 500 metres long by 1.5 to 15.6 metre wide grading 0.5 to 2.9 g/t, and another extending at least 600 metres long by 9.3-37.6 metres wide grading 0.3 to 3.5 g/t. Four drill-holes (1,306 metres) were sited to test the mineralization zones at depth, but no significant gold mineralization has been found. Outside experts are being consulted to review the geology and locate drill holes to further test the gold mineralized zones.

Currently four rigs are drilling at Beiya North. The drilling program was delayed by extreme weather last winter, and is now speeding up. A 10,000 metre drilling program has been planned for the Beiya project, mostly focusing on the Beiya North zone to define the resources of the thick, shallow gold and base metal zones discovered in 2007. Aggressive surface sampling is been carried out over new areas where exploration rights were granted in 2007. Assay results of samples from some completed drill-holes and outcrops will be available soon.

Habo Project

Work at Habo has been focused on an extensive porphyry copper-gold system. At Habo South, drilling at 300-1,200 metre spacing has confirmed that the mineralization system is over 2,600 metres long and 1,300 metre wide, and open to west, south, and north. A total of 11 holes (5338 metres) have intersected 19 copper mineralization zones each of 10-60 metres thick grading 0.20 to 0.96% on average; 14 molybdenum mineralization zones each 6-15 metres thick grading 0.043 to 0.07%; and two gold zones at the north and south end of the copper zones grading 0.1 to 0.6 g/t on average. A recent consulting report by an Australia expert, Dr Antony Harris, indicated all the mineralization zones found so far belong to marginal parts of a multiple-phase porphyry mineralization system, and the probably high-grade mineralization zones have not been tested yet. Further drilling is planned for next phase of exploration.

Tunnel and outcrop sampling indicated a number of high-grade gold and base metal zones at Habo North. Five main high-grade zones range from 360 to 1,000 metres long by 4.0 to 7.0 metres thick, grading 0.1-1.8 g/t gold, 6-61.4 g/t silver, 0.2-5.9% copper, 0.17-0.37% molybdenum, 0.4-6.2% zinc and 0.4-1.0% lead, and occur long fractures within a multiphase porphyry where a major soil copper-gold-molybdenum anomaly was found by a soil sampling program. The high-grade veins are interpreted to be the top and marginal part of an unexposed porphyry copper-gold-molybdenum system.

Detailed geological mapping is currently being carried out to outline the alteration and mineralization zones of the porphyry copper-gold system at Habo South. A 10,000-metre drilling program is planned to define the high-grade mineralization zones, mostly at Habo South. Additional tunnelling and initial drilling programs will be started to test the porphyry mineralization system at Habo North.

Dr. Noel White, Asia Now's Director and Consultant said, "We are confident that our drilling programs in 2008 will find more and thicker high-grade zones in the Habo property. Our previous work has found a lot of the smoke, now we believe we know where the fire is located, and our planned programs will test those areas."

Great Wall Project

The exploration right was granted in 2007. Outcrop sampling, plus trenching and tunnelling are planned for 2008 to test the gold anomalies that were found from our previous soil and bedrock sampling program.

SAMPLING, ASSAYING, QUALITY CONTROL AND QUALIFIED PERSON

Drill core samples were cut in half using a diamond saw. One half of the core was sampled. Tunnels were sampled by channelling along one side, each sample being 1.0 to 2.0 metres long by 15 centimetres wide by 3 centimetres deep and weighting 6 to 12 kilograms. Chip samples, each between 1 and 4 kilograms, were collected from mineralized intervals in the tunnels. All the samples were assayed using aqua regia digestion with AAS determination for gold, and hydrochloric/perchloric (HCl/HClO4) digestion with ICP-MS determination for copper, molybdenum, silver, zinc, lead and others (a total of 35 elements). For samples with Cu grade higher than 1%, a four acid (HCl/HNO3/HClO4/HF) digestion method and AAS determination was applied. All the assays were completed at Intertek Laboratory in Beijing in accordance with international standard ISO17025. To maintain independent quality control on 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 check samples submitted independently by the Company to Ultra Trace Analytical Laboratories, Canning Vale, Western Australia.

Quality control and assurance programs are implemented in line with the standards of National Instrument 43-101, as described the independent 43-101 report filed on www.sedar.ca. Exploration and financial controls are implemented in each of the company's exploration projects in China, as published on the website of the Company, www.asianow.ca. Exploration on all of the Company's projects is conducted under the direction 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 mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. All average grades in this news release are for groups of samples and are not intended to infer that they are averages for entire zones.

About Asia Now Resources

Asia Now Resources Corp. is a mineral exploration company active in China since 2002. The Company has established offices, joint ventures and a significant network with Chinese partners. Current projects include copper, gold and silver at three major projects, with drilling underway at two of these. Under the leadership of an experienced management team, the Company is taking exploration into the next phase. For more information, please visit www.asianow.ca.

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