Asia Now Resources partner with Yunnan Dasheng Investment Co.

China based Asia Now Resources Corp. has signed a memorandum of understanding to establish a strategic exploration and mining partnership with Yunnan Dasheng Investment Co. Ltd., a subsidiary of the Lippo Group.

The Lippo Group is a $12-billion Asian financial conglomerate that has been frequently compared in mainstream international press to the famous Rothschild empire.

Under this memorandum of understanding, Asia Now would use its technical expertise to identify, investigate, explore and develop mineral projects in various parts of China and elsewhere around the globe.

Lippo Group through its subsidiary companies would provide corporate and financial support for the development of the selected projects.

Initially, Lippo Group would provide US$10 million to Asia Now through private placements in 2008.

We are excited about the future of the strategic partnership with the Lippo Group, a large financial corporation with a sound background in mainland China and Hong Kong, said Asia Now President, Dr. Kaihui Yang.

With this financial support, we will be able to deliver much more in mining development in China, Dr. Yang added.