ABZ.V · 2018-07-06 12:00:00

AsiaBaseMetals Inc. Announces 1.5:1 Forward Split

Corporate Actions

VANCOUVER, British Columbia, July 06, 2018 -- AsiaBaseMetals Inc. (the "Company") (TSX-V:ABZ) is pleased to

announce that it proposes to split its common shares on a one-and-one-half-for-one basis (the "Forward Split "). The record

date of the Forward Split will be Friday, July 13, 2018, subject to TSX Venture Exchange approval.

Management of the Company believes that the Forward Split will provide increased liquidity to shareholders and promote

broader share ownership, which is expected to be beneficial to the Company’s shareholders.

The Forward Split will result in the Company's current issued and outstanding share capital of 24,518,685 shares, as of the

date of this news release, being increased to approximately 36,778,028 issued and outstanding shares. The Forward Split is

being conducted on a push-out basis. The Company’s name, CUSIP number and trading symbol will remain the same.

Any outstanding share purchase warrants and stock options will be adjusted by the same one-and-one-half-for-one ratio and

the respective exercise prices of outstanding warrants and stock options will be adjusted accordingly.

Shareholders of the Company do not need to take any action with respect to the Forward Split. The Company’s transfer agent

will send registered shareholders a Direct Registration System advice or share certificate representing the additional number of

shares to be received as a result of the Forward Split.

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

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release, including statements

regarding the intention to split the Company's Shares, may constitute "forward-looking information" within the meaning of

Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain

factors and assumptions that the Company believes are reasonable, including that the Company will obtain the necessary

approvals of the Forward Split. However, the forward-looking statements in this release are subject to numerous risks,

uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such

forward-looking statements. Such uncertainties and risks include, among others, financing risks, delays in obtaining or

inability to obtain required regulatory approvals and inability to complete the Forward Split. There can be no assurance that

such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated

in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not

intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a

result of new information, future events or otherwise, except as required by law.