February 28, 2012 - AsiaBaseMetals Inc. Announces Closing of Private PlacementAsiaBaseMetals Inc. (the "Company") (TSX-V: ABZ) is pleased to announce that it has completed a previously announced non-brokered private placement of 1,875,000 common shares at a price of $0.20 per share, raising gross proceeds of C$375,000. The shares are subject to a four month hold period that expires on June 22, 2012.

The Company paid a cash finders' fee of $14,000 on a portion of the offering equal to 7% of the aggregate gross proceeds received from subscribers introduced to the Company by the finder.

The proceeds of the private placement will be used to fund due diligence respecting the Company's previously announced Laos Potash Project and for general working capital purposes.

Joseph Piekenbrock, a director of the Company, acquired securities under the private placement. His participation is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101. The purchase is exempt from the formal valuation and minority shareholder approval requirements of MI61-101 as neither the fair market value of any shares issued to him or the consideration paid exceeded 25% of the Company's market capitalization.

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January 23, 2012 - AsiaBaseMetals Inc. Announces Private PlacementAsiaBaseMetals Inc. (the "Company") (TSX-V: ABZ) is pleased to announce that it intends to raise up to $575,000 through a non-brokered private placement of up to 2,875,000 common shares at a price of $0.20 per share.

The proceeds of the private placement will be used to fund due diligence respecting the Company's previously announced Laos Potash Project and for general working capital purposes.

The Company will pay a cash finders' fee on a portion of the offering equal to 7% of the aggregate gross proceeds received from subscribers introduced to the Company by the finders.

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Jan 19, 2012 - AsiaBaseMetals enters into Definitive Agreement to acquire majority interest in Laos Potash ProjectVancouver, B.C. - January 19, 2012 - AsiaBaseMetals Inc. ("AsiaBaseMetals" or the "Company") (TSX.V: ABZ) is pleased to announce that the Company has entered into a definitive purchase and sale agreement (the "Definitive Agreement") with AXN Group LLC ("AXNG") for the acquisition by the Company of a 90% interest in a Laos limited company that will hold exclusive rights to explore and mine the Vientiane Potash Property, a 16.5 km2 potash exploration property located in the Huaxieng – Xaithany area of Vientiane province, Laos. The Definitive Agreement was entered into pursuant to the amended letter of intent announced by the Company on September 1, 2011 and December 12, 2011.

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