Raj Chowdhry Announces Holdings in AsiaBaseMetals Inc.

October 6, 2017

NEWS RELEASE

Raj Chowdhry Announces Holdings in AsiaBaseMetals Inc.

Vancouver, BC – October 6 , 2017 – Raj Chowdhry announces his holdings in AsiaBaseMetals Inc.

("AsiaBaseMetals" or the "Company") (TSX-V: "ABZ") pursuant to the early warning requirements of

applicable securities laws in Canada . Raj Chowdhry sold 200,000 common shares in the capital of

the Company (the "Shares") through the facilities of the TSX Venture Exchange . Immediately after

the sale of the Shares, which settled on October 5, 2017, Mr. Chowdhry held 11,695,730 common

shares in the capital of the Company, which represents 48.46% of the Company's 24,133,685 issued

and outstanding common shares on a non -diluted basis or 48.89% of the Company's issued and

outstanding common shares on a partially -diluted basis assuming the exercise of Mr. Chowdhry's

incentive stock options only. Immediately before the sale of th e Shares, Mr. Chowdhry beneficially

owned and controlled a total of 11,895,730 common shares in the capital of the Company,

representing 49.2 9% of the Company's issued and outstanding common shares on a non -diluted

basis. Aggregate consideration of $38,000 ($0.19 per Share) was received by Mr. Chowdhry in

connection with the transaction. Mr. Chowdhry disposed of the Shares for investment purposes

and, as disclosed in the early warning r eport accompanying this news release, intends to evaluate

his investment in the Company and to increase or decrease his beneficial shareholdings from time

to time as he may determine appropriate for investment purposes.

For additional information, or for a copy of the early warning report file d in respect of the above

transaction, please contact:

Raj Chowdhry

Tel: (604) 765-2030