Mr. Raj Chowdhry reports

ASIABASEMETALS ADOPTS SEMI-ANNUAL REPORTING

AsiaBaseMetals Inc. has elected to rely on the exemptions provided in CSA Coordinated Blanket Order 51-933 -- Exemption to Permit Semi-Annual Reporting for Certain Venture Issuers.

Accordingly, the company will no longer file interim financial reports and related management's discussion and analysis (MD&A) for the first and third quarter interim periods as required by National Instrument 51-102 -- Continuous Disclosure Obligations.

The company is eligible for this voluntary exemption as a venture issuer listed on the TSX Venture Exchange, having its head office in British Columbia and having annual revenue of no more than $10-million in its most recently completed financial year.

The company will not file an interim financial report and related MD&A for the third quarter ending June 30, 2026.

The company will now focus on filing annual financial statements and semi-annual interim financial reports (covering the six-month period) and related MD&A, which will provide more efficient, cost-effective reporting while maintaining compliance with all continuous disclosure requirements.

About AsiaBaseMetals Inc.

AsiaBaseMetals is a growth-oriented publicly listed Canadian resource company focused on acquiring and developing mineral assets in stable jurisdictions across the Americas (focus: Canada, United States, Mexico, Argentina and Chile). The company is actively pursuing exceptional early stage and advanced projects in the copper and gold sectors while prudently advancing its existing assets, including the Jervis project (100 per cent owned) and the Gnome project (100 per cent owned), in line with prevailing market conditions. The company is anchored by an award-winning team -- combining management, board of directors and advisory board collectively -- with a proven record of discoveries, development, production and value creation. AsiaBaseMetals' growth strategy is matched by the scale of the opportunities before it.

We seek Safe Harbor.