TORONTO, ONTARIO--(Marketwire - Aug. 18, 2010) - Asia Now Resources Corp. (TSX VENTURE:NOW) is pleased to release assay results for samples from recently completed tunnels, drill holes and surface outcrops at its Habo property in Yunnan Province, China. The results indicate three new copper-gold-molybdenum porphyry systems in addition to the 2.3 km long by 1.3 km wide porphyry mineralization system at Habo South.

Three new copper-gold-molybdenum porphyries have been indicated by recent surface geological programs including 636 rock-chip samples taken over a 40 square kilometre area at Habo North and East. These porphyries show extensive alteration and stockwork mineralization with samples containing up to 3.1g/t of gold, 0.42% copper and 0.29% molybdenum and 172g/t silver (see below the chart of selected assay results), in addition to high-grade veins (up to 2.96 g/t gold, 242 g/t silver, 0.94% molybdenum, 9.96% copper, see news release dated January 7, 2008). At Habo South, 7 new tunnels and 2 new drillholes intersected extensive alteration and mineralization zones with high-grade intervals grading up to 1.0% copper, 0.21% molybdenum and 47g/t silver (see below), similar to previous results (see news release dated February 26, 2008).

"We are highly encouraged by the surface indication of three additional copper-gold-molybdenum porphyries," said Dr. Kaihui Yang, the President of the Company. "We are planning a program that will include extensive trenching, tunnelling and drilling to test these new mineralized porphyries. We will continue to focus on high-grade porphyry systems that have potential for bulk tonnage, open-pittable mining at Habo."

Habo is located at the southeast part of the productive Tethyan magmatic belt that contains some of the world's largest porphyry systems such as Sar Cheshmeh in Iran, and Reko Diq in Pakistan. Results to date indicate strong geological similarities between the Habo porphyries and the big systems in Iran and Pakistan.

Assay results are summarized below.

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Interval

From (m) To (m) (m) Au (g/t) Ag (g/t) Cu (wt%) Mo (wt%)

Outcrop sample#

1B5 chips 0.60 0.01 0.001

1D6 chips 0.63 0.01 0.002

5A4 chips 1.59

5A8 chips 0.64

6B5 chips 12.1 0.09 0.024

9B2 chips 1.27 4.36

13B8 chips 0.69

13D4 chips 0.68

14A4 chips 0.83 27.9 0.14 0.003

14A5 chips 0.21 0.001

14A8 chips 0.74 0.001

14B7 chips 0.82 0.02

14C8 chips 0.17 3.96 0.02 0.002

14D4 chips 0.14 0.03 0.004

15D2 chips 0.52 0.001

15D8 chips 0.26

16D2 chips 0.21

D1006H1 chips 0.15 0.13

D1018H1 chips 0.04 172.0 0.08

D1026H1 chips 0.18 3.00 0.18 0.002

D1028H1 chips 0.11 2.00 0.19 0.017

D1040H1 chips 0.11 4.00 0.09

D1046H1 chips 1.20 5.00

D1048H1 chips 0.12 11.0 0.42 0.025

D1060H1 chips 0.11 11.0 0.04 0.002

D1060H2 chips 0.22

D1077H1 chips 0.62 0.01

D1080H1 chips 0.21 7.00 0.09

D1084 H1 chips 0.22

D1091 H2 chips 0.85 0.02

D1093 H2 chips 0.82 22.0 0.08 0.003

D1094 H1 chips 0.10 19.0 0.08 0.002

D1097 H1 chips 0.14 6.00 0.03 0.031

D1098 H1 chips 0.19 3.00 0.06 0.106

D1103 H1 chips 3.10 0.02 0.002

D1110 H1 chips 0.11 0.02 0.058

D1114 H1 chips 0.19 70.0 0.21 0.014

D1116 H1 chips 1.99 7.00 0.12 0.054

D1121 H1 chips 0.12 3.00 0.07 0.003

D1122 H1 chips 0.11 0.13 0.024

D1123 H1 chips 0.16 6.00 0.29 0.044

D1124 H1 chips 0.13 4.00 0.19 0.294

D1125 H1 chips 0.96 4.00 0.09 0.002

D1126 H1 chips 0.10 4.00 0.12

D1129 H1 chips 0.19 0.04

D1133 H1 chips 0.18 0.02

D1135 H1 chips 0.44 0.10

D1137 H1 chips 0.26 0.10

D1138 H1 chips 1.02 0.12

D1139 H1 chips 0.10 0.03

D1143 H1 chips 0.16 6.00 0.05 0.018

D1163 H1 chips 0.08 11.0 0.07 0.055

D1164 H2 chips 0.51 23.0 0.06

D1166 H1 chips 0.35 0.05 0.023

D1178 H1 chips 0.04 0.11 0.050

D1179 H1 chips 0.09 8.00 0.14 0.017

D783H1 chips 0.14 11.0 0.04

D715H1 chips 1.92 0.01

D756H1 chips 0.10 4.00 0.03 0.010

D651H1 chips 0.14 2.00 0.01

D702H1 chips 1.83 0.02

D627H1 chips 0.51 16.0 0.17 0.001

D693H1 chips 0.23 6.00 0.06 0.180

D609H1 chips 0.17 9.00 0.12 0.235

D712H1 chips 0.89 3.00 0.04 0.001

D760H1 chips 0.42 2.00

D774H1 chips 0.20 16.0 0.05 0.012

D667H1 chips 0.25

D380H1 chips 0.16 7.00 0.01

Tunnel

PD12

13.90 16.40 2.50 0.02 6.00 0.07 0.040

19.10 21.80 2.70 0.03 3.44 0.12 0.018

37.00 38.20 1.20 0.06 11.0 0.20 0.036

45.70 59.20 13.50 0.04 6.11 0.13 0.027

68.70 70.70 2.00 0.03 3.00 0.21 0.015

104.00 105.50 1.50 0.09 10.0 0.26 0.009

107.00 115.20 8.20 0.03 5.59 0.23 0.051

118.20 127.50 9.30 0.04 6.28 0.37 0.027

Incl 121.7 123.20 1.50 0.07 10.0 0.90 0.018

138.30 139.90 1.60 0.02 7.00 0.07 0.029

PD13

19.30 20.10 0.80 0.12 6.00 0.65 0.002

47.10 50.10 3.00 0.04 4.50 0.41 0.006

51.60 53.10 1.50 0.04 5.00 0.58

71.50 74.20 2.30 0.22 24.9 0.35 0.002

91.90 92.90 1.00 0.05 10.0 0.44 0.004

178.90 184.90 6.00 0.04 8.33 0.22 0.021

189.90 207.90 18.00 0.06 10.6 0.17 0.073

PD14

60.40 61.00 0.60 3.00 0.32

86.50 88.00 1.50 0.04 47.0 0.07

88.00 89.50 1.50 0.04 16.0 0.20

100.00 101.50 1.50 0.02 5.00 0.27 0.009

119.70 121.20 1.50 0.03 10.0 0.30 0.007

PD15

71.30 74.40 3.10 0.15 0.21 0.006

80.60 86.60 6.00 0.03 4.00 0.23 0.025

94.10 95.60 1.50 0.02 0.14 0.034

98.60 101.60 3.00 0.02 3.00 0.35 0.027

104.60 125.60 21.00 0.03 2.21 0.21 0.041

128.60 130.10 1.50 0.11 0.023

156.30 160.80 4.50 0.02 0.12 0.023

174.00 175.50 1.50 0.05 3.00 0.22 0.007

178.70 180.20 1.50 0.02 0.23 0.012

183.20 187.70 4.50 0.23 0.025

191.70 196.30 4.60 0.03 0.21 0.033

202.30 203.80 1.50 0.05 2.00 0.25 0.010

205.30 206.80 1.50 0.01 0.12 0.018

211.30 247.80 36.50 0.06 2.60 0.28 0.015

264.50 265.30 0.80 0.06 6.00 0.16 0.094

PD16

15.60 17.10 1.50 0.28 10.0 0.08

21.30 22.80 1.50 0.26 4.00 0.11

165.90 167.40 1.50 0.26 3.00 0.37

PD17

21.10 22.60 1.50 0.08 30.0 0.10 0.057

27.10 28.60 1.50 0.13 5.00 0.04 0.036

91.40 92.20 0.80 0.19 0.04 0.031

Drillhole

HBD11

45.10 85.11 40.01 0.16 0.16

276.94 278.44 1.50 0.36

290.37 291.87 1.50 0.04 0.093

413.49 414.99 1.50 0.02 0.047

449.64 454.03 4.39 0.04 0.096

520.89 522.39 1.50 0.59

525.39 528.39 3.00 0.28 0.021

531.78 545.28 13.50 0.07 0.023

558.78 560.28 1.50 0.04 0.035

563.28 567.78 4.50 0.03 0.030

576.78 581.28 4.50 0.02 0.045

592.98 594.48 1.50 0.05 0.023

595.98 597.74 1.76 0.16 0.024

HBD12

28.50 34.50 6.00 0.02 0.020

194.05 195.55 1.50 0.34

285.76 287.26 1.50 0.32

289.76 290.94 1.18 1.00

321.45 327.45 6.00 0.45 0.004

Incl 322.95 324.45 1.50 1.00 0.006

331.95 333.26 1.31 0.21 0.013

348.20 351.20 3.00 0.35 0.033

375.47 379.97 4.50 0.41 0.033

383.96 392.96 9.00 0.47 0.011

Incl 389.96 392.96 3.00 0.75 0.210

407.96 409.46 1.50 0.33

412.46 413.96 1.50 0.28

415.46 418.46 3.00 0.31

472.46 473.96 1.50 0.12 0.021

487.74 490.94 3.20 0.14 0.022

Note: cutoff grade is 0.2g/t, 0.2% copper and 0.02% molybdenum.

/T/

The Habo Project involves a cooperative joint venture with Yunnan Geology and Mineral Resources Company Limited called Yunnan Now Mineral Exploration Company Limited. It covered initially an area of 162 sq. kilometres, in which Asia Now can earn an interest of between 70% and 88%. Soil and stream sediment sampling and geological mapping have been carried out on the whole area of 162 square kilometres, and have identified a number of copper-gold-molybdenum anomalies and mineralization zones. Low potential areas have been relinquished, and only 59.76 square kilometres of high potential area has been kept for further exploration.

SAMPLING, ASSAYING, QUALITY CONTROL AND QUALIFIED PERSON

Tunnels were sampled by channelling along one side of the tunnels, each sample being 1.0 to 2.0 metres long by 15 cm wide by 3 cm deep and weighting 6 to 12 kilograms. Mineralized intervals were sampled based on the width of mineralization, each sample consisting of chips totalling between 3 and 8 kilograms. Drill core samples were cut in halves using a diamond saw. One half of the core was sampled and assayed. Rock-chip samples of 1 to 3 kilograms were taken from the surface outcrops mostly from the ridges and valleys. All the samples were assayed using aqua regia digestion with AAS determination for gold, and hydrochloric/perchloric (HCl/HClO4) digestion with ICP-MS determination for copper, molybdenum, silver, zinc, lead and others (a total of 35 elements). For samples with Cu grade higher than 1%, a four acid (HCl/HNO3/HClO4/HF) digestion method and AAS determination were applied. All the assays were completed at Intertek Laboratory in Beijing in accordance with international standard ISO17025. To maintain independent quality control on the laboratory, duplicate samples are submitted from 5% of sample sites, and replicate samples are submitted for 3% of samples. In addition the laboratories use an extensive range of internal standards. External check assays are routinely performed on check samples submitted independently by the Company to international laboratories.

Quality control and assurance programs are implemented in line with the standards of National Instrument 43-101, as described the independent 43-101 report filed on www.sedar.ca. Exploration and financial controls are implemented in each of the company's exploration projects in China, as published on the website of the Company, www.asianow.ca. Exploration on all of the Company's projects is conducted with the guidance of Dr. Noel C. White, a consultant to the Company and a Qualified Person as defined under National Instrument 43-101. Dr. White has read and approved this news release. Disclosure on mineralization on adjacent properties has not been verified by Dr. White and is not necessarily indicative of the Company's anticipated results. Where provided, potential quantity and grade is conceptual in nature as the Company has not conducted sufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

About Asia Now Resources:

Asia Now Resources Corp. is a mineral exploration 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. Under the leadership of an experienced management team, the Company is taking exploration into the next phase of success.