Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

February 28, 2011 09:00 ET

Asia Now Opens a New Office in Hong Kong and Appoints a Senior Advisor

TORONTO, ONTARIO--(Marketwire - Feb. 28, 2011) - Asia Now Resources Corp. ("Asia Now" or the "Corporation") (TSX VENTURE:NOW) is pleased to announce that the Company has opened officially a new office in Hong Kong to assist in Asia Now's continued development in Asia. For several years the Company has been investigating mineral opportunities in the Asian region in order to participate in the robust growth of these Asian countries.

Dr. Kaihui Yang, the President and CEO of the Company, said: "By opening a Hong Kong office we are not only strengthening our corporate presence in an area where we already have numerous relationships among key locally based investors and various government agencies, we are also positioning ourselves for future growth as we advance our Beiya gold project, one of the top ten high-potential prospects in China, toward potential mine development. As a Canadian based company we believe that our diverse network of relationships in Asia provides a unique advantage to investors seeking exposure to the growth of mining in China."

To be better prepared for the future development in the Asian area, the Company has appointed Mr. Liu Yikang as a senior advisor of Asia Now. Mr. Liu was the chief geologist for the former Ministry of Metallurgical Industry of the Peoples Republic of China. He has over 40 years experience in various parts of China elsewhere in the world, and has in-depth knowledge and influence in the Chinese mining industry. He was instrumental in setting up the first exploration joint venture in China with a major western mining company. Mr. Liu serves as a director or advisor for several public mining companies including Zijin Mines Group, the 5th largest gold producer in the world listed on Hong Kong Stock Exchange.

Mr. McCreary, the Chairman of the Company, said: "We are very pleased that Mr. Liu has become an advisor for Asia Now. His invaluable experience, knowledge and extensive relationships will be of great help for the future development of the Company."

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 resource 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
    +1 (416) 364-7281
    or
    Asia Now Resources Corp.
    Andreas Curkovic
    Investor Relations
    +1 (416) 577-9927
    info@asianow.ca
    www.asianow.ca