Options Granted to Directors, Officers, Employees and Consultants

Suite 1723 - 595 Burrard Street PO Box 49073 Vancouver, BC, Canada, V7X 1G4 Tel: (604) 628-1162 Fax: (604) 628-1163 Web: www.asiabasemetals.com Email: [email protected]

FOR IMMEDIATE RELEASE April 28, 2010

News Release

Options Granted to Directors, Officers, Employees and Consultants

Vancouver, British Columbia – April 28, 2010 – AsiaBaseMetals Inc. (TSX.V:ABZ) (the “Company”) announces that is has granted to directors, officers, employees and consultants an aggregate of 1,790,000 stock options under the Company’s Stock Option Plan. The options will be exercisable for a period of five years, at a price of $0.20 per share. Of the total stock options granted, 200,000 options will be fully vested upon approval; with the remainder of the options vesting over a period of two years (1/3 upon approval; 1/3 on April 28, 2011; and 1/3 on April 28, 2012).

ON BEHALF OF THE BOARD OF DIRECTORS

"RAJ I. CHOWDHRY"

____________________

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.