Vancouver, British Columbia - April 28, 2010 - AsiaBaseMetals Inc. (TSX.V:ABZ) (the "Company") announces that is has granted to directors, officers, employees and consultants an aggregate of 1,790,000 stock options under the Company's Stock Option Plan. The options will be exercisable for a period of five years, at a price of $0.20 per share. Of the total stock options granted, 200,000 options will be fully vested upon approval; with the remainder of the options vesting over a period of two years (1/3 upon approval; 1/3 on April 28, 2011; and 1/3 on April 28, 2012).
ON BEHALF OF THE BOARD OF DIRECTORS
"RAJ I. CHOWDHRY"
Raj Chowdhry, C.A.
President & CEO
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.