Business NewsMarketWire • Electrum Global Holdings L.P. Acquires Beneficial Ownership of Common Shares of AsiaBaseMetals Inc. Pursuant to Internal Reorganization

Electrum Global Holdings L.P. Acquires Beneficial Ownership of Common Shares of AsiaBaseMetals Inc. Pursuant to Internal Reorganization

Electrum Global Holdings L.P. Acquires Beneficial Ownership of Common Shares of AsiaBaseMetals Inc. Pursuant to Internal Reorganization

NEW YORK, NEW YORK--(Marketwire - Dec. 31, 2012) - Electrum Global Holdings L.P. (the "Offeror") announces that as part of an internal reorganization involving GRAT Holdings LLC ("Holdings"), which principally controls each of Leopard Holdings LLC ("Leopard"), The Electrum Group LLC ("TEG Services"), the Offeror, the sole general partner of the Offeror, TEG Global GP Ltd. ("Global GP"), and Electrum Strategic Metals LLC ("ESML"), which occurred on December 28 and 31, 2012 (the "Closing"), the Offeror acquired ownership of 11,914,286 common shares (each, a "Common Share") in the capital of AsiaBaseMetals Inc. (the "issuer"), which Common Shares were previously held by ESML.

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Electrum Global Holdings L.P. Acquires Beneficial Ownership of Common Shares of AsiaBaseMetals Inc. Pursuant to Internal Reorganization