News Release of The Howard Group's Client

20:28 EDT Wednesday, September 10, 2008

TSX-V: NOW

TORONTO , Sept. 10 /CNW/ - Asia Now Resources Corp. ("Asia Now") (TSXV: NOW) is pleased to announce it has called a special meeting of its shareholders for October 6, 2008 to approve a proposed non-brokered private placement (the "Private Placement") of 8,533,681 common shares at $0.50 per common share to China Gold Pte. Ltd. (" China Gold "), a subsidiary of Lippo China Resources Limited, for gross proceeds of $4,266,840.50 . Upon completion of the Private Placement, it is anticipated that China Gold will hold 29.13% of Asia Now's issued and outstanding common shares. The common shares issued pursuant to the Private Placement will be subject to a statutory hold period.

Closing of the Private Placement is subject to the parties settling a subscription agreement, and receipt of regulatory and shareholder approvals. Pursuant to TSX Venture Exchange rules, Asia Now is required to obtain shareholder approval for the Private Placement, as the share issuance to China Gold will result in the creation of a new "Control Person", as defined in the TSXV Corporate Finance Manual. Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security holders in Special Transactions ("MI 61-101"), Asia Now is required to obtain "minority approval" (as defined in MI 61-101) for the Private Placement, as the Private Placement constitutes a "related party transaction". An information circular in connection with the special shareholders' meeting, dated August 29, 2008 , is filed on SEDAR and is being delivered to shareholders.

The proceeds of the Private Placement will be used for exploration and development of Asia Now's properties in China , in particular, the two key projects at Habo and Beiya in Yunnan Province, as well as for general corporate and working capital purposes.

"We are very pleased that Lippo Group has shown a high-level of confidence in Asia Now's team, " said Dr. Kaihui Yang , President and Director of Asia Now. "With Lippo's financial strength and its extensive experience and relationships in China , Asia Now is positioned to consider additional opportunities, including producing assets, to take Asia Now to the next stage of fast growth."

On August 7, 2008 , Asia Now issued a press release announcing the completion of a non-brokered private placement with China Gold for aggregate proceeds of $5,733,160 .

About China Gold Pte. Ltd.:

China Gold Pte. Ltd. is a subsidiary of Lippo China Resources Limited ("LCR") (stock code: 156), a member of Lippo Group and a company listed on The Stock Exchange of Hong Kong Limited, with consolidated net asset value attributable to equity holders of approximately HK$3.6 billion as at 31st December, 2007 . The principal activity of LCR is investment holding, retail business as well as property development and investment. For more information about LCR, please visit www.lcr.com.hk .

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.
www.asianow.ca.

This Press 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" and 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 the Company'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 catered in this Press Release including such forward-looking statements, unless otherwise required under applicable law.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.