AsiaBaseMetals Announces Board Member Resignations

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 May 7, 2010

News Release

AsiaBaseMetals Announces Board Member Resignations

Vancouver, BC – May 7, 2010 – AsiaBaseMetals Inc. (the "Company") (TSX-V: ABZ) announces that Mr. Jerry Minni and Ms. Terrylene Penstock have each tendered their resignations as directors of the Company, effective immediately, in order to devote the time required to manage their other business commitments. However, Mr. Minni and Ms. Penstock have both agreed to continue as consultants of the Company.

In addition, Mr. Jerry Minni has tendered his resignation as the Company's Chief Financial Officer in order to devote the time required to manage his other business commitments. Mr. Wylie Hui, C.A. has been appointed the CFO of the Company, effective immediately, to fill the vacancy resulting from Mr. Minni's resignation.

"On behalf of the Board and the shareholders of the Company, I would like to thank Mr. Minni and Ms. Penstock for their dedication, commitment and significant contributions to AsiaBaseMetals. The Company looks forward to their continued contributions in their new roles with the Company." said Mr. Raj Chowdhry, the Company's President & CEO.

ON BEHALF OF THE BOARD OF DIRECTORS

"RAJ I. CHOWDHRY"

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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.