AsiaBaseMetals Inc. Announces Appointment to the Board of Directors (Mr. Bruce Bragagnolo), Grant of Options and Flow-Through Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 23, 2017) - AsiaBaseMetals Inc. (the "Company") (TSX VENTURE:ABZ) is pleased to announce that it has appointed Mr. Bruce Bragagnolo, previously an Advisory Board Member, to the Board of Directors of the Company. Mr. Bragagnolo will also join the Company's Audit Committee and Compensation Committee.

Mr. Bragagnolo is the co-founder and former Chief Executive Officer of Timmins Gold Corp. (name changed to Alio Gold Inc.) an emerging intermediate, Mexican-focused gold producer. He is also the co-founder and the former CEO of Silvermex Resources Ltd., a silver explorer which was acquired by First Majestic Silver in 2011 for a market capitalization of $120 million.

Mr. Bragagnolo's strategic planning, business development, administration and financing abilities were instrumental in Timmins Gold's IPO, the acquisition and construction of the San Francisco Mine, its listing on the TSX and NYSE-MKT, and the acquisition of the Caballo Blanco Project, the Ana Paula Project and the El Sauzal Mill. Mr. Bragagnolo was responsible for structuring and raising over $120 million in equity and debt for Timmins Gold and overseeing the growth of the Company as it transitioned from junior developer to a +100,000 oz. per year gold producer with a peak market capitalization of over $450 million. Mr. Bragagnolo obtained a degree in law from the University of British Columbia and is a member of the Law Society of British Columbia.

Mr. Bryce Clark has stepped down from the Board of Directors. Mr. Clark has been appointed an Advisory Board Member to replace Mr. Bragagnolo.

"It's my pleasure to welcome Mr. Bragagnolo to the Board of Directors and Mr. Clark to the Advisory Board of AsiaBaseMetals Inc. Having had the pleasure of knowing Bruce for almost twenty five years, working with Bruce in the past, including on the Advisory Board of AsiaBaseMetals, 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 Advisory Board members, Mr. Joe Piekenbrock, Mr. Bob Jacko, Mr. Carl Hering, Mr. Andrew Bowering, Mr. Stephen Leahy, Mr. Clark and Mr. Rafael Ovallos to build shareholder value for all shareholders" stated Chairman of the Board & CEO, Raj Chowdhry.