| ||Mon Apr 28, 2008|
Canadian Junior Mining Company Strikes Strategic Partnership with the 'Rothschilds of the Pacific'
| ||Asia Now Resources Corp. ("Asia Now") (TSXV: NOW) is pleased to announce that we have signed a memorandum of understanding to establish a strategic exploration and mining partnership with Yunnan Dasheng Investment Co. Ltd., a subsidiary of the Lippo Group.|
The Lippo Group is a $12-billion Asian financial conglomerate that has been frequently compared in mainstream international press to the famous Rothschild empire.
Under this memorandum of understanding, Asia Now would use its technical expertise to identify, investigate, explore and develop mineral projects in various parts of China and elsewhere around the globe. Lippo Group through its subsidiary companies would provide corporate and financial support for the development of the selected projects.
Initially, Lippo Group would provide US$10 million to Asia Now through private placements in 2008.
"We are excited about the future of the strategic partnership with the Lippo Group, a large financial corporation with a sound background in mainland China and Hong Kong," said Asia Now President, Dr. Kaihui Yang.
"With this financial support, we will be able to deliver much more in mining development in China," Dr. Yang added.
About Asia Now Resources:
Asia Now Resources Corp. is a mineral exploration and development company active in China since 2002. The Company has established offices, joint ventures and a significant network with Chinese partners. Current projects include copper, gold and silver at three major projects, with drilling underway at two of these. For more information, please visit www.asianow.ca.
About Lippo Group:
Lippo Group is a multi-billion dollar asset based and revenue conglomerate with over ten thousand employees. The company has offices in China mainland, Hong Kong and Macau, Australia, Indonesia, Philippines, and Singapore. Lippo Group has a team of qualified and experienced professionals who have a proven track record in their respective areas of business activities. Lippo Group believes in networking and sustaining long term relationships with its partners. With its resources and capabilities, Lippo Group is set to move forward with its partners, and take advantage of the opportunities in the Asia Pacific Economy. For more information about Lippo Group, please visit www.lippoltd.com.hk and www.lcr.com.hk.
For further information contact:
Asia Now Resources Corp.
Douglas Scharf, Chairman of the Board, or
Christina Wilton, Corporate Secretary
Peter Weichler / Jeff Walker
The Howard Group Inc.
Toll Free: 1-888-221-0915
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