ON BEHALF OF THE BOARD OF DIRECTORS
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.
Vancouver, B.C. -- July 19, 2012 - AsiaBaseMetals Inc. ("AsiaBaseMetals" or the "Company") (TSX.V: ABZ) announces that the Company has terminated its previously disclosed definitive purchase and sale agreement (the "Agreement") for the indirect acquisition by the Company of a majority interest in the Vientiane Potash Property located in Laos. The Company terminated the Agreement in accordance with its terms due to fundamental conditions to closing not having been fulfilled.