2016

Vancouver, BC -- June 22, 2016 -- AsiaBaseMetals Inc. ("AsiaBase" or the "Company") (TSX-V: "ABZ") is pleased to announce, subject to regulatory approval, it has granted 750,000 stock options to Directors and members of the Advisory Board. These options will be exercisable at $0.30 for a period of two (2) years from the date of granting.

ABOUT ASIABASEMETALS INC.

AsiaBaseMetals Inc. is a growth company focused on the exploration and development base metals opportunities. The Company has the Gnome Zinc Project in British Columbia, Canada and the Jean Lake Iron Ore project in Ontario, Canada. AsiaBaseMetals is led by a highly experienced executive management team that has a successful track record of building shareholder value through various businesses, including exploration, corporate finance, and mine development.

For more information please visit www.asiabasemetals.com

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.

Contact Information
AsiaBaseMetals Inc.
Raj Chowdhry, Chief Executive Officer and President
Email: info@asiabasemetals.com
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