Vancouver, BC - April 18, 2016 - AsiaBaseMetals Inc. (the "Company") (TSX-V: "ABZ") is pleased to announce that it has appointed Mr. Ioannis (Yannis) Tsitos to the Board of Directors of the Company.
Mr. Tsitos, originally trained as a physicist-geophysicist, has over 27 year experience in the mining industry including 19 years with BHP Billiton group, holding the position of New Business Manager for Minerals Exploration with a global reach prior to his departure in December 2007. Mr. Tsitos has lived and worked in South Africa, Ecuador, Greece, United Kingdom and Canada. In addition to having been part of two discovery teams with BHP Billiton in porphyry-copper and nickel-sulphide deposits, he has been instrumental in the identification, negotiation and execution of more than 50 exploration agreements with juniors, majors, as well as with state exploration and mining companies.
"It's my pleasure to welcome Ioannis (Yannis) to the Board of AsiaBaseMetals. The Company's Board and management team look forward to Yannis's contribution to the building of shareholder value, especially during the current market conditions in the mining sector, where opportunities for identification, negotiation and acquisition of advanced mining properties are warranted." stated Chairman of the Board & CEO, Raj Chowdhry.
Mr. Tsitos currently is and has in the past been a director of various companies trading on stock exchanges in Canada, holding positions of Chairman of the Board, CEO and President.
Mr. Tsitos holds a B.SC degree in Physics from the University of Athens and a Master's degree in Applied Geophysics and Geology from the University of Birmingham, UK. In addition, he completed management and finance studies as part of MBA program with Herriot Watt University, Edinburgh.
The Company is also pleased to announce the establishment of an Advisory Board. Joe Piekenbrock has resigned as a Director of the Company, effective immediately, and has been appointed to the Advisory Board as the first appointee. The Company wishes to thank Joe for his dedicated past service as a Director and looks forward to his valuable input as an Advisory Board member.
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.
Raj Chowdhry, Chief Executive Officer and President