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AsiaBaseMetals Inc. Announces Appointment to the Advisory Board (Dr. Carl Hering)

Management Changes

August 31, 2017

NEWS RELEASE

AsiaBaseMetals Inc. Announces Appointment to the Advisory Board (Dr. Carl

Hering)

Vancouver, BC – August 31, 2017 – AsiaBaseMetals Inc. (the “Company”) (TSX -V: “ ABZ”) is

pleased to announce that it has appointed Mr. Carl Hering, Ph.D. to the Advisory Board of the

Company.

Dr. Hering, a geologist, with over 35 years of diversified technical and managerial experience in

mineral exploration and corporate development worldwide , was instrumental in two major

gold discoveries in Latin America, each exceeding 3 million ounces , and while a director and

technical advisor of Brett Resources Inc., he acqui red and advance d of the Hammond Reef ,

Ontario gold project . Brett was subsequently acquired by Osisko for approximately $375

million and Hammond Reef now exceeds 10M ounces of gold.

He has experience in al l aspects of the mining industry, including exploration, from generative

to advanced projects, negotiations, acquisition evaluation, mine and corporate valuation,

management, strategic planning and new progra m design and implementation . Dr. Hering

previously worked in senior exploration positions for both Noranda Exploration and Placer

Dome Inc. He worked for Noranda Exploration from 1978 to 1988, primarily in the western U.S.

From 1989 to 1997 he worked for Placer Dome in the U.S. (District Geolog ist, Western Great

Basin), Latin America (Regional Geologist Mexico and Central America), Austral -Asia

(Exploration Manager Asia -Pacific) and subsequently in Vancouver, coordinating technical

evaluations for major acquisition opportunities worldwide for Pl acer Dome Corporate

Development. From 1997 to 1999 he was Vice President Corporate Acquisitions for Bema Gold

Corporation. Other than 2006, when he held the position of Senior V. P. Exploration and

Business Development for Rio Narcea Gold Mines, he has bee n an independent consultant and

is a Director of several public companies. He has led teams that have discovered over 20M

ounces of gold and made acquisition recommendation that could have led to another 20M oz

Au.

“It’s my pleasure to welcome Dr. Carl H ering to the Advisory Board of AsiaBaseMetals Inc.

Carl’s extensive experience in the mining industry , understanding of the marke ts, and ability to

source exploration and advanced projects 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 Carl for over ten years, working with Carl in the past, and

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

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. Joe Piekenbrock , Mr. Bragagnolo, , Mr. Sorin Posescu , Mr.

Stephen Leahy, Mr. Bob Jacko, Mr. Rafael Ovallos and, Mr. Andrew Bowering to build

shareholder value for all shareholders” stated Chairman of the Board & CEO, Raj Chowdhry.

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 the forward -looking statements in this news rele ase, the Company

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 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 sta tements. 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

Email: [email protected]

Board of the Company.