Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

January 04, 2007 09:00 ET

Asia Now Reports Copper, Gold Values at Dongchuan From Sampling Underground Workings Adjacent to Boka

TORONTO, ONTARIO--(CCNMatthews - Jan. 4, 2007) - Asia Now Resources Corp. (TSX VENTURE:NOW) has received assay results of channel samples collected from underground workings at the Yinmin Mine near the northern boundary of the Company's Dongchuan Project in southwestern China. The Dongchuan property is bordered to the north by the Boka gold property of Southwestern Resources Inc. in northeast Yunnan Province.

The assay results indicate wide gold and/or copper mineralization zones intersected by the underground workings in the same stratigraphy that hosts the Boka deposit. The Yinmin Mine is one of several underground copper mines in an area that has seen copper production for more than 50 years but none of the mines were mandated by the central government for gold production and therefore have never been explored for gold.



Selected assay results from the underground sampling are as follows:

-------------------------------------------------------------------
Cu Au
-----------------------------------------------
Level # metres Range Av. grade Range Av. grade
(%) (%) (g/t) (g/t)
-------------------------------------------------------------------
3.0 0.14-0.94 0.48 less than less than
0.1 0.1
-------------------------------------------------------
2350 3.0 0.11-2.66 0.99 less than less than
0.1 0.1
-------------------------------------------------------
27.0 0.14-10.97 2.28 less than less than
0.1 0.1
-------------------------------------------------------------------
4.5 0.21-0.56 0.33 less than less than
2670 0.1 0.1
-------------------------------------------------------
12.0 0.29-1.86 0.65 0.22-0.67 0.39
-------------------------------------------------------------------
4.0 0.14-0.77 0.43 0.14-0.40 0.23
-------------------------------------------------------
6.0 0.25-1.46 0.70 0.16-1.05 0.51
2597 -------------------------------------------------------
to 5.0 0.15-0.87 0.40 0.13-0.28 0.20
2670 -------------------------------------------------------
(Decline) 8.0 0.11-0.30 0.21 less than less than
0.1 0.1
-------------------------------------------------------
3.0 0.12-3.56 1.38 less than less than
0.1 0.1
-------------------------------------------------------
4.0 0.12-0.30 0.24 0.29-0.36 0.32
-------------------------------------------------------------------
19.0 0.12-1.30 0.37 less than less than
0.1 0.1
-------------------------------------------------------
4.0 0.16-0.57 0.36 less than less than
0.1 0.1
-------------------------------------------------------
4.0 0.10-0.11 0.11 less than less than
0.1 0.1
-------------------------------------------------------
7.5 0.17-0.75 0.48 less than less than
0.1 0.1
2472 -------------------------------------------------------
4.0 0.66-2.61 1.57 0.23-1.04 0.62
-------------------------------------------------------
3.0 0.11-2.06 0.92 less than less than
0.1 0.1
-------------------------------------------------------
4.0 0.34-2.37 1.06 less than less than
0.1 0.1
-------------------------------------------------------
5.0 0.11-0.27 0.17 less than less than
0.1 0.1
-------------------------------------------------------
3.0 0.16-0.90 0.46 less than less than
0.1 0.1
-------------------------------------------------------
10.0 0.13-2.84 1.52 less than less than
0.1 0.1
-------------------------------------------------------------------
4.0 0.16-0.65 0.36 less than less than
0.1 0.1
-------------------------------------------------------
4.0 0.28-0.66 0.41 less than less than
0.1 0.1
-------------------------------------------------------
2735 3.0 0.14-0.66 0.32 less than less than
0.1 0.1
-------------------------------------------------------
6.0 0.17-0.83 0.40 less than less than
0.1 0.1
-------------------------------------------------------
5.3 0.48-1.36 0.78 less than less than
0.1 0.1
-------------------------------------------------------
4.0 0.17-0.47 0.25 less than less than
0.1 0.1
-------------------------------------------------------------------
chip 5.16 less than
sample 0.1
-------------------------------------------------------
chip 4.79 less than
2350 sample 0.1
-------------------------------------------------------
chip 9.01 less than
sample 0.1
-------------------------------------------------------------------
chip 1.73 less than
2735 sample 0.1
-------------------------------------------------------------------
2472 chip
sample 8.96 1.42
-------------------------------------------------------------------


Gold is associated with copper mineralization, especially in the higher levels of the underground workings. Significant copper mineralization with little gold is found at the lower levels of the underground workings. The gold mineralization is hosted by structural zones cutting dolomite, and is associated with alteration typified by sericite, quartz and sulfides. The copper mineralization seems to be associated with limestone and dolomite, and enriched in the structural zones.

The property covers a 202-square-kilometre area in the core of the Panxi Rift in southwestern China where significant orogenic-type gold and Norilsk-type nickel-copper-PGE targets have been identified and are being explored by Southwestern, Newmont Mining Corporation and Inco Limited.

The Dongchuan Project comprises two joint ventures with separate Chinese partners, each joint venture covering adjacent properties in the Dongchuan area. The Company is earning a 75% interest in a joint venture with partner Yunnan Jinsha Mining Co. Ltd. (a subsidiary of Yunnan Copper Group Co. Ltd., which is China's third largest copper producer) and a 72% interest in a joint venture with partner Yunnan Non-Ferrous Geology and Mineral Resources Company Limited. Under the joint venture agreement with Yunnan Jinsha, which owns the Yinmin Mine, Asia Now is earning its interest in all new discoveries.

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 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

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, please visit out web site at www.asianow.ca.

Shares Outstanding: 48,193,238

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