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ABZ.V ·

AsiaBaseMetals Inc. Announces Appointment to the Advisory Board

Management Changes

May 29, 2017

NEWS RELEASE

AsiaBaseMetals Inc. Announces Appointment to the Advisory Board

Vancouver, BC – May 29, 2017 – AsiaBaseMetals Inc. (the “Company”) (TSX -V: “ ABZ”) is

pleased to announce that it has appointed Mr. Sorin Pos escu to the Advisory Board of the

Company.

Mr. Sorin Posescu is a professional geologist having more than 20 years of experience in natural

resource exploration and development. Sorin has, to date, worked both with major and junior

resource companies throughout Europe and North America, including working on world -class

projects such as Donlin Gold and Galore Creek. He has extensive experience in mergers and

acquisitions (“M&A”) and a strong bac kground in corporate and project valuation. Sorin is a

graduate from the Oil and Gas University, Ploiesti, Romania and a member in good standing

with the Association of Professional Engineers and Ge oscientists of British Columbia and the

Association of Professional Geoscientists of Ontario.

“It’s my pleasure to welcome Mr. Sorin Pose scu to the Advisory Board of AsiaBaseMetals Inc.

Sorin’s experience, understanding, foresight and inquisitiveness make him an ideal person to

provide guidance to the Company ’s team; adding strength to our organization and future

development of the Company. Having had the pleasure of knowing and working with Sorin in

the past, for a few years, and the opportunity to follow his accomplishments, I’m sure the

Company will benefit from his knowledge and relationships as it moves forward, together with

the Company’s existing Advisory Board members, Mr. Rafael Ovallos, Mr. Stephen Leahy, Mr.

Andrew Bowering, Mr. Joe Piekenbrock and Mr. Bob Jacko to build shareholder value for all

shareholders,” stated Chairman of the Board & CEO, Raj Chowdhry.

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

100,000 stock options to directors and consultants including members of the advisory board.

These option s will be exercisable at $0.35 cents for a period of two 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.

P a g e | 2

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

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

Canadian securities legislation. In making the forward -looking statements in this news release, the Compan y

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

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

may cause future results to differ material ly 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. Reade rs 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

Email: [email protected]

Board of the Company.