AsiaBaseMetals Announces Appointment of Co-Chairman of the Board

VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Feb. 23, 2015) - AsiaBaseMetals Inc. ("AsiaBase" or the "Company") (TSX VENTURE:ABZ) is pleased to announce that it has appointed Rick Van Nieuwenhuyse and Raj Chowdhry, both currently Directors of the Company, as Co-Chairman of the Board.

Steven Khan, Interim CEO, commented, "On behalf of the Board, we would like to welcome Mr. Van Nieuwenhuyse and Mr. Chowdhry to the role of Co-Chairman. Rick and Raj have been an integral part of the early stage development of AsiaBase, and we are pleased that they have agreed to take these roles as we move forward on our strategic plans."

Rick Van Nieuwenhuyse, Co-Chairman, commented, "I am pleased to accept this position and believe that AsiaBase is well positioned to execute on our strategy."

Raj Chowdhry, Co-Chairman, commented, "I am very pleased to accept this position. The Company's Board and its executive management team, having vast experience together both in mining and business, will, as they have successfully done in the past, continue to build shareholder value."


ABOUT ASIABASEMETALS INC.

AsiaBaseMetals Inc. is a growth company focused on the exploration and development base metals opportunities. The Company has the Gnome Zinc Project in British Columbia, Canada and has optioned the Jean Lake Iron Ore project in Ontario, Canada. AsiaBaseMetals is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

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.



Contact

AsiaBaseMetals Inc.
Steven Khan, Interim Chief Executive Officer and President
Phone: (604) 628-1162
info@asiabasemetals.com
www.asiabasemetals.com