Asia Now Resources Corp. Announces Management Changes and Appointment of Director

TORONTO, ONTARIO--(Marketwired - Aug. 2, 2013) - Asia Now Resources Corp. (TSX VENTURE:NOW) ("ANR" or the "Company") is pleased to announce the appointment of Lukman Wijaya (also known as Stephen Lo), a current director of the Company, as President and Chief Executive Officer ("CEO") and the appointment of Julio DiGirolamo as Chief Financial Officer ("CFO"), effective August 1, 2013.

Mr. Wijaya has been a director of the Company since June 2012, and has also, since May 2012, been a director of the Company's wholly-owned subsidiary, Asia Now Resources Limited, and a director and legal representative for the Company's China joint ventures, Yunnan Dongxin Mineral Exploration Company Limited and Yunnan Now Mineral Exploration Company Limited. Mr. Wijaya was CEO of PT Pantherina Luban from January 2009 to January 2012 and prior thereto was CEO of Eastern Tech Co., Ltd. from March 2001 to December 2008.

Mr. DiGirolamo, CPA, CA has over 18 years of senior-level public company experience including five years with Greenstone Resources Ltd., a TSX and NASDAQ-listed gold mining company with activities focused in four Latin American countries. Mr. DiGirolamo has been the CFO and Corporate Secretary of Innovium Media Properties Corp., a publicly-traded early stage investor, during which period he also acted as interim CFO at Seed Media Group LLC and as CFO, Corporate Secretary and Director of Atlantis Systems Corp. Mr. DiGirolamo is also currently CFO of Carlisle Goldfields Limited, a TSX-listed Canadian-based gold company focused on development of its Lynn Lake Gold Camp in Northern Manitoba.

Mr. Wijaya replaces Harold Roy Shipes as President and CEO. The term of the management services agreement between Mr. Shipes and the Company expired on July 31, 2013 and the parties mutually agreed the term would not be further extended. Mr. Shipes has also resigned as a director of the Company. Mr. DiGirolamo replaces Gaetan Chabot as CFO, whose agreement with the Company also expired on July 31, 2013. The Board of Directors wishes to thank both Mr. Shipes and Mr. Chabot for their contributions to the Company and wishes each of them well in their future endeavours.

The Company is also pleased to announce that Elliott Jacobson, FCPA, FCA has been appointed a director of the Company as of August 2, 2013. Mr. Jacobson has over 30 years of public accounting experience and has serviced a wide range of clients from Canadian corporations to multinational organizations. From January 2008 until June 2010, Mr. Jacobson led the audit practice for entrepreneurial public companies in the Greater Toronto Area for Deloitte & Touche LLP. Previously, Mr. Jacobson spent nine years working for Arthur Andersen LLP and in 1989, Mr. Jacobson joined Mintz & Partners, where he became a partner in 1991 and led the Public Company Practice Team. Mintz & Partners was acquired by Deloitte & Touche in January 2008. Mr. Jacobson participated in the original listings on the TSX, the Alternative Investment Market (AIM) operated by the London Stock Exchange, Swiss Stock Exchange and the American Stock Exchange (AMEX) of more than 150 public companies with business operations in China and Israel as well as Canada and the United States. He was elected a Fellow (FCPA, FCA) of the Institute of Chartered Accountants of Ontario in 2013.

The Company also wishes to announce that Marshall Cooper was appointed Chairman of the Board of Directors. Mr. Cooper has extensive experience in mining development, operations and corporate finance. He is currently a Director of Lippo Energy, which is involved in developing a global minerals and mining portfolio within the Lippo Group, currently focusing on copper, iron ore, coal and gold. Mr. Cooper has over twenty-five years of experience operating in Asia and Australia. Prior to joining the Lippo Group, he worked for the international mining group CRA (now Rio Tinto) holding senior commercial roles in bauxite and precious metal operations in Australia and Indonesia.

About Asia Now Resources:

Asia Now Resources Corp. is a mineral exploration company active in China since 2002. Current projects include lead, copper, gold and silver at two major projects in China. ANR currently holds an indirect 72% interest in the Beiya North Property (which can be increased to 90%). The Beiya North Property consists of a joint venture with Yunnan Non-Ferrous Resources Group Company Limited. ANR is currently earning a 55.4% indirect interest in the Habo South Property (which can be increased to 70%) in a second joint venture with Yunnan Gold Mining Group Corporation Limited. For more information, please visit www.asianow.ca.

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.

This news release contains certain forward-looking statements. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential", "may" and other similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause ANR's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition or alteration to the information contained in this news release including such forward-looking statements, unless otherwise required under applicable law.