ASPZ Asia Properties Inc (PK)

Asia Properties, Inc. (API) (OTCQB:ASPZ) announced today that its previously announced plans to begin exploration on its Canadian Gold claims are well under way and are progressing as planned.

Banroy Gold:

Our prospectors spent several days scouring the acreage looking for outcrops and signs of gold bearing rock. Ten samples were collected and submitted to the lab for analysis. Results should be made available within the month. "This claim is sizeable with the right 'address' for gold and we plan to continue exploration on the property next spring," stated Daniel Mckinney, CEO of API. The Banroy claim is located along the prolific "Cadillac/Larder Lake Break" that combined have produced over 50 million ounces of gold.

King's Point:

7.65 kilometers of grid lines have been cleared. The grid, now clear of vegetation, will allow for access by the geologists for ease of geophysical work. They will begin field exploration, prospecting and geophysical surveys on this property in two weeks. Samples and data will be collected, compiled, tested and evaluated, once results have been received. "Given the historical data we have on this property, we are very confident that this phase of exploration will confirm that data and encourage further, more targeted exploration," said Mckinney, adding, "In other words, with careful and prudent planning we should be able to zero in on the resources quickly and efficiently. I'm very pleased with our program thus far."

In the meantime, the API team continues to vet other claims worldwide, including some very promising sites in the Philippines. The Company recently signed a Non Disclosure agreement for a large claim in Southern Mindanao, Philippines last week, and is starting due diligence now. Mindanao is one of the most prolific gold mining areas in the world over the last two decades.

About Asia Properties, Inc.: is a Nevada corporation and trades on the OTCQB under the symbol ASPZ. The transfer agent is Transfer Online, Inc. of Portland, Oregon. Please visit our website:  www.asiaprop.com

 The Asia Properties, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1733

This press release contains forward-looking statements based on management's expectations and beliefs, and may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.

CONTACT: Dennis Burns
         Tel: 419-951-4842
         denny@nvestrain.com