ABZ.V · 2017-01-23 12:00:00

AsiaBaseMetals Inc. Announces Appointment to the Advisory Board

Management Changes

January 23, 2017

NEWS RELEASE

Vancouver, BC – January 23, 2017 – AsiaBaseMetals Inc. (the “Company”) (TSX -V: “ ABZ”) is

pleased to announce that it has appointed Mr. Bob Jacko to the Advisory Board of the Company.

Mr. Bob Jacko has more than thirty years of mining experience. During that time Bob has

worked for Falconbridge, Cominco (Teck Cominco), Thompson Creek and Tintina Resources Inc.

He has spent 14 years as General Manager at numerous mines including the Polaris Mine and

Sullivan Mine in Canada for Cominco Ltd., and the Red Dog Mine and Pogo Mine in Alaska for

Teck Cominco Ltd. in the USA. During his career, he has been involved with three startups; the

most recent was the Pogo Mine in Alaska. Mr. Jacko , a Mining Engineer , is a graduate from

Michigan Technological University, having received a bachelor of science in mining engineering

(BS. Mining) in 1977.

“It’s my pleasure to welcome Mr. Bob Jacko to the Advisory Board of AsiaBaseMetals Inc. Bob’s

underground mining experience from both an operating mine and startup perspective make him an

ideal person to provide guidance to the Company’s team; adding stren gth to our organization and

future development of the Company . Having had the pleasure of knowing Bob for approximately

10 years, working with Bob in the past for over 5 years, and the opportunity to follow his

accomplishments, I’m sure the Company will benefit from his knowledge and relationships as it

moves forward to build shareholder value , together with the Company’s existing Advisory Board

members, Mr. Rafael Ovallos, Mr. Stephen Leahy, Mr. Andrew Bowering and. Mr. Joe Piekenbrock,

through development and acquisition of mining and other business opportunities,” stated Chairman

of the Board & CEO, Raj Chowdhry.

The Company is also pleased to announce, subject to regulatory approval, it has granted

150,000 stock options to Directors and consul tants including members of the Advisory Board.

These options will be exercisable at $0.35 for a period of two (2) years from the date of

granting.

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.

Certain disclosure in this news release constitute "forward -looking information" within the meaning of

Canadian securities legislation. In making th e forward-looking statements in this news release, the Company

has applied certain factors and assumptions that the Company believes are reasonable . However, the

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AsiaBaseMetals Inc. (TSX.V: ABZ) | www.AsiaBaseMetals.com

forward-looking statements in this release are subject to numerous risks, uncertainties and o ther factors that

may cause future results to differ materially from those expressed or implied in such forward -looking

statements. 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.

Contact Information

AsiaBaseMetals Inc.

Raj Chowdhry, Chief Executive Officer