AsiaBaseMetals Inc.
TSX VENTURE : ABZ

AsiaBaseMetals Inc.

July 19, 2012 19:40 ET

AsiaBaseMetals Terminates Definitive Agreement to Acquire Laos Potash Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2012) - AsiaBaseMetals Inc. ("AsiaBaseMetals" or the "Company") (TSX VENTURE:ABZ) announces that the Company has terminated its previously disclosed definitive purchase and sale agreement (the "Agreement") for the indirect acquisition by the Company of a majority interest in the Vientiane Potash Property located in Laos. The Company terminated the Agreement in accordance with its terms due to fundamental conditions to closing not having been fulfilled.

ON BEHALF OF THE BOARD OF DIRECTORS

Raj Chowdhry, C.A., President & CEO

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