AsiaBaseMetals Inc. Announces Shares for Debt Transaction

JUNE 6, 2016

NEWS RELEASE

AsiaBaseMetals Inc. Announces Shares for Debt Transaction

Vancouver, BC – June 6, 2016 – AsiaBaseMetals Inc. (the "Company") (TSX-V: ABZ) announces that the board of directors of the Company has approved the issuance of 100,000 common shares of the Company at a price of $0.245 per share in settlement of an outstanding debt in the amount of $24,500 owing to an arm's length party. The debt settlement is subject to approval of the TSX Venture Exchange.

For more information please email [email protected].

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

AsiaBaseMetals Inc.

Raj Chowdhry, President and Chief Executive Officer Email: [email protected]