Asia Now Resources Corp.

Asia Now Resources Corp.

November 10, 2011 09:00 ET

Asia Now Receives Prospecting and Exploration Outstanding Achievements Award from the Chinese Ministry of Land and Resources

TORONTO, ONTARIO--(Marketwire - Nov. 10, 2011) - Asia Now Resources Corp. (TSX VENTURE:NOW) reports today that the Company received the Prospecting and Exploration Outstanding Achievements Award at the China Mining Conference 2011 held in Tianjin on November 6-8, 2011. This Award was granted in recognition of the progress that the Company has made in exploring its Beiya Project, one of the most prospective areas in China (see news release dated February 22, 2011), adjacent to the open-pit Beiya Gold Mine that produces 200,000 ounces of gold annually.

Dr. Kaihui Yang, President and CEO of the Company, said, "We are honoured to receive this prestigious reward from the Chinese government. It recognizes not only the technical merits of our Beiya Project, it is also testament to our excellent relationships with local communities and the provincial and federal authorities. We also believe that this is an illustration of the value placed by the Chinese government on recognizing and encouraging Chinese-foreign cooperation in mineral exploration and mining."

The China Mining Conference is organized annually by the Ministry of Land and Resources of the Chinese Central Government. Since 2010 the technical agencies under the Ministry and Yunnan Provincial Government have reviewed monthly the exploration work that the Company has been carrying out at the Beiya project. The Company has been drilling for resource definition on the Qinghe block of Beiya, and RPA (Roscoe Postle Associates) is preparing the first resource estimate and NI43-101 report for the Beiya project, that is planned to be completed late this fall.

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 two major projects, Beiya and Habo, both in China. The Company is currently drilling for the NI43-101 resource at Beiya. Under the leadership of an experienced management team, the Company is taking exploration into the next phase of success.

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
    +1 (416) 364-7281

    Asia Now Resources Corp.
    Andreas Curkovic
    Investor Relations
    +1 (416) 577-9927