eResearch

eResearch

September 13, 2007 14:04 ET

eResearch Issues Initiating Report on Asia Now Resources Corp. with Speculative Buy Rating and 12-Month Target Price of $0.80

TORONTO, ONTARIO--(Marketwire - Sept. 13, 2007) - eResearch analysts, Nigel Heath CFA and Bob Weir CFA, have written an Initiating Report on Asia Now Resources Corp. (TSX VENTURE:NOW). Asia Now is a Toronto-based mineral exploration company solely focused on exploration in China.

In the report, the Analysts state, "Having been unjustifiably side-swiped by the fraud at explorer, Southwestern Resources, Asia Now Resources appears to offer great value for investors interested in the underdeveloped Chinese mining sector."

Highlights from the report are as follows:

- Three exploration projects in China, two (Beiya and Habo) presently active

- Habo is a large copper-gold porphyry system

- Beiya has significant intrusion-related gold and Carlin-style gold potential, adjacent to an operating gold mine

- Four diamond drill rigs operating now, and two additional rigs expected at end of rainy season.

- Strong relationships with Chinese authorities. Company founder and President, Dr. Kaihui Yang, was previously employed with the (Chinese) Ministry of Geology and Mineral Resources, and is well connected with Chinese central and local governments, and also has experience working with western companies.

- Cash available for 2007 exploration activity, but further capital infusion likely necessary for 2008. No exposure to asset backed commercial paper investments.

This Press Release was prepared by eResearch and was not vetted by Asia Now Resources Corp. Further, the Recommendation and Target Price contained in this report are strictly those of eResearch and, due to securities laws, are not endorsed by Asia Now Resources Corp.

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

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