Options Granted to Directors, Officers, Employees and Consultants

July 23, 2018

NEWS RELEASE Options Granted to Directors, Officers, Employees and Consultants

Vancouver, BC – July 23, 2018 – AsiaBaseMetals Inc. (the "Company") (TSX-V: "ABZ") announces that is has granted to directors, officers, employees and consultants an aggregate of 1,112,500 stock options (the "Options") under the Company’s Stock Option Plan, subject to TSXV approval. The Options will be exercisable for a period of two years, at a price of $0.30 per share. Of the total Options granted, 50% will be fully vested upon grant; with 25% of the Options vesting on January 23, 2019 and the remaining 25% on July 23, 2019.

The Company recently completed the split of its common shares (each, a "Share") on a one-and-onehalf (1.5) Shares for one (1) Share basis (the "Forward Split"), effective July 17, 2018. The Forward Split was conducted on a push-out basis (a method requiring no action from shareholders). The Company looks forward to the normal expected benefits to the Company’s shareholders of increased liquidity and promotion of broader share ownership (36,778,033 shares issued and outstanding).

The Company wishes to acknowledge and thank the shareholders for their continued support and patience during the completion of the Forward Split process.

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, Chief Executive Officer Email: [email protected]