Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

January 08, 2007 11:42 ET

Asia Now Gets Gold, Copper Values From Beiya Far North and Beiya West

TORONTO, ONTARIO--(CCNMatthews - Jan. 8, 2007) - Asia Now Resources Corp. (TSX VENTURE:NOW) is pleased to report the receipt of the assay results for soil samples and channel samples collected from trenches that were completed to test gold anomalies on the Beiya Far North and Beiya West blocks of its 350-sq.-km Beiya Project in Yunnan Province, China.

Beiya West is adjacent to and west of the Beiya North block, where the Company is currently drilling to test a mineralized zone extending from an open pit gold mine on the adjoining property to the south. Beiya Far North is approximately 10 km north of the Beiya North block.

"Some soil samples from the gold anomalies have indicated high gold grades in the Beiya Far North block" said Dr. Noel White, the Qualified Person and consultant of the Company. "This trenching program has indicated extensive gold mineralization associated with structural zones in limestone and felsic intrusions. The geology indicates potential for Carlin style gold deposits in the Beiya Far North block. The trenching programs in the Beiya West block indicate extensive copper-gold mineralization related to felsic intrusions and limestone. We plan to drill these mineralization zones at both blocks to test the primary grades at depth."

Beiya Far North Block

An anomaly was previously reported to extend over 6 sq. km with gold values in soil samples of up to 1.9 grams per tonne, and to be open to the west. To further define this gold anomaly, a total of 1216 soil samples were collected from the west of this block in the past summer. The assay results indicate that the gold anomaly extends further northwest with gold values in new soil samples up to 0.7 gram per tonne with anomalous arsenic, mercury and molybdenum, and the whole gold anomaly covers an area of over 9 sq.km.. The initial trenching program was conducted to test that major gold anomaly and the assay results, of the channel samples, indicate numerous wide gold mineralization zones at surface associated with structural zones in limestone and felsic intrusions, as shown below:



Trench # Intersection of Gold Grade Comments
mineralization (gram per tonne)
at Surface (m)
Range Average
---------------------------------------------------------------------------
TC2 9.3 0.1-3.5 1.4 12 m with anomalous gold (10 to
100 ppb, with respect to
greater than 2 ppb gold
background);
---------------------------------------------------------------------------
BT1 20 0.1-1.0 0.3 mineralization open at both
ends of the trench
---------------------------------------------------------------------------
BT2 10 0.1-1.0 0.5 13 m with anomalous gold (10 to
100 ppb)
---------------------------------------------------------------------------
TC3 12.1 0.1-0.3 0.2 73.9 m with anomalous gold (10
to 100 ppb), mineralization
open at both ends of the trench
---------------------------------------------------------------------------
TC5 37.6 0.1-0.5 0.3 104.2 m with anomalous gold (10
to 100 ppb) mineralization
open at both ends of the trench
---------------------------------------------------------------------------
TC6 6 0.1-0.2 21.5 m with anomalous gold (10
to 100 ppb); mineralization
open at one end of the trench
---------------------------------------------------------------------------
TC7 6.3 0.1-0.2 59.3 m with anomalous gold (10
to 100 ppb); mineralization
open at both ends of the
trench;
---------------------------------------------------------------------------
TC1 3.6 0.1-0.5 23 m with anomalous gold (10 to
100 ppb)
---------------------------------------------------------------------------


Beiya West Block

Trenches were completed to test soil gold and copper anomalies, identified previously by Chinese exploration parties. The assay results of the channel samples indicate wide zones of copper and gold mineralization at surface associated with felsic intrusions and limestone, as follows:



Trench # Intersection of Gold Grade Copper Grade
mineralization (gram per tonne) weight%
at surface (m)
Range Average Range Average
---------------------------------------------------------------------------
K4-2 6.7 0.1-34.0
Incl. 4.7 m 8.7
8.0 0.1-0.5
---------------------------------------------------------------------------
K7-1 21.7 0.1-0.3 0.1-1.15
Incl. 4.8 m 0.2 0.6
---------------------------------------------------------------------------
K11-1 15 0.1-0.3 0.1-1.8
Incl. 3.2 m 0.1 0.8
---------------------------------------------------------------------------
TC1501 15.5 up to 0.3 0.1-1.26
Incl. 11.9 0.1 0.6
---------------------------------------------------------------------------
TC0-2 7.0 0.1-1.4 greater than 0.1
---------------------------------------------------------------------------
greater
TC6-1 32.4 than 0.1 0.1-0.56
---------------------------------------------------------------------------
LT7 7.3 0.2-0.9 0.3-0.5
---------------------------------------------------------------------------
K2-3 15.2 up to 0.3 0.1-0.4
---------------------------------------------------------------------------
TC1301 14.2 up to 0.3 0.1-0.25
---------------------------------------------------------------------------
TC25 8.0 0.1 0.1-0.6
---------------------------------------------------------------------------
greater
TC9-1 18.5 than 0.1 0.1-0.5
---------------------------------------------------------------------------
greater
TC3-4 10.7 than 0.1 0.1-0.2
---------------------------------------------------------------------------
TC5-2 12.2 up to 0.3 0.1-0.4
---------------------------------------------------------------------------
greater
TC6-1 30.4 than 0.1 0.1-0.4
---------------------------------------------------------------------------
TC10-1 4.0 0.2-0.3 greater than 0.1
greater
7.0 than 0.1 0.1-0.4
---------------------------------------------------------------------------
greater
TC6-1 32.4 than 0.1 0.1-0.6
---------------------------------------------------------------------------
TC8 15.9 0.1 0.1-0.5
---------------------------------------------------------------------------
TC25 8.0 0.1 0.1-0.5
---------------------------------------------------------------------------


The Beiya Project involves two joint venture (JV) companies. The Company is earning a 72% interest in a JV with partner Yunnan Non-Ferrous Geology and Mineral Resources Co. Ltd. and a 70% interest in a JV with partner Yunnan Geology and Mineral Resource Co. Ltd. (which owns and operates the adjoining Beiya gold mine). It is 60 km by highway north of Dali City, which is a 35-minute flight from Kunming, the capital city of Yunnan Province. Beiya is one of the four projects in China that the Company is currently exploring.

SAMPLING, ASSAYING, QUALITY CONTROL AND QUALIFIED PERSON

Details of soil 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 the requirements of the Company, and closely monitored by Company personnel.

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 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 is 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 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: 48,193,238

The TSX Venture Exchange has not reviewed and does not accept responsibility for this news release.

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