Asia Now Update on Senior Unsecured Convertible Debenture Private Placement Offering

TORONTO, ONTARIO--(Marketwired - Dec. 23, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Asia Now Resources Corp. (TSX VENTURE:NOW) ("ANR" or the "Corporation") announces that, further to its press release dated December 18, 2013 announcing the successful closing of the first tranche of a non-brokered private placement of senior unsecured convertible debentures (the "Convertible Debentures"), raising a total of $1,248,000 (the "Offering"), it will not be proceeding with any subsequent closings.

An additional $1,252,000 in Convertible Debentures (the "Additional Offered Debentures") were made available for purchase by "accredited investors" (as such term is defined in National Instrument 45-106 - Prospectus and Registration Exemptions) or anyone who is otherwise eligible to purchase the Additional Offered Debentures pursuant to applicable securities laws. ANR closed the Offering with the Additional Offered Securities remaining unsubscribed.

The $1,248,000 proceeds from the Offering will be used for exploration activities in China as well as general and administrative expenses and for general working capital purposes.

About Asia Now Resources:

Asia Now Resources Corp. is a mineral exploration company active in China since 2002. Current projects include gold, silver, copper and lead at two major projects in China. ANR currently holds an indirect 72% interest in the Beiya North Property (which can be increased to 90%). The Beiya North Property consists of a joint venture with Yunnan Non-Ferrous Resources Group Company Limited. ANR is currently earning a 56.5% indirect interest in the Habo South Property (which can be increased to 70%) in a second joint venture with Yunnan Gold Mining Group Corporation Limited. For more information, please visit www.asianow.ca.

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.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

This news 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", "may" and other 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 ANR'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 news release including such forward-looking statements, unless otherwise required under applicable law.