Asia Now Resources Corp.

Asia Now Resources Corp.

June 22, 2011 09:30 ET

Asia Now Responds to Publication of Resource Estimate for its Beiya Gold Project by the Chinese Government

TORONTO, ONTARIO--(Marketwire - June 22, 2011) - Asia Now Resources Corp. (the "Corporation") (TSX VENTURE:NOW) announced today that it has become aware of an estimate of potential resources at the Corporation's Beiya project which was prepared and published by the Central Government of the People's Republic of China.

The estimate, published on June 13, 2011 in the China Land and Resources News, a government owned, Mandarin language newspaper was based on estimates made by government geologists after a review of information provided by the Corporation in accordance with Chinese law.

The resource estimate was published without the consent or endorsement of the Corporation, and is not in compliance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

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 NI 43-101 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.

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