Chief Executive Officer of AsiaBaseMetals Inc. Resigns; Interim CEO Appointed

AsiaBaseMetals Inc. ("AsiaBaseMetals" or the "Company") (TSX VENTURE:ABZ)
announces that Mr. Raj Chowdhry, a founding Director of the Company, has
tendered his resignation as Chief Executive Officer ("CEO") of the Company,
effective immediately. Mr. Chowdhry remains a director of the Company.


Mr. Steven Khan has been appointed as the Company's Interim Chief Executive
Officer. Mr. Khan has over twenty years of experience and has served as senior
management in all aspects of the investment industry, including retail,
institutional sales, corporate finance, capital markets, and investment banking.
For the past 10 years, he has focused on financing and corporate development
activities for numerous private and public companies with Sona Capital Limited,
his private company. He has served as Chairman, CEO, and President, as well as
in Audit, Compensation and Nominating Committee roles. Mr. Khan, a graduate of
the University of British Columbia (B.Sc. - 1978 & MBA - 1983), is a Chartered
Financial Analyst.


For more information please visit www.asiabasemetals.com.

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
AsiaBaseMetals Inc.
Wylie Hui
Chief Financial Officer
[phone]
[e-mail]
www.asiabasemetals.com