Asia Broadband (OTCID: AABB) Enters into LOI for Acquisition of Underground Mine and Mining Concession in Etzatlán, Mexico for Total Consideration of $5.5M

**Asia Broadband (OTCID: AABB)** Announces today that the Company has entered into a Letter of Intent ("LOI") to acquire a high-grade gold and silver underground mining concession located in the Etzatlán region of Jalisco, Mexico, for a total consideration of $5,500,000 USD.

The targeted mining concession is an underground mine mining property located in close proximity to the Company's Etzatlán gold and silver processing plant. Based on historical drilling data analyzed to date by the Company, the property has advanced historical drilling results with highlights between 9 GPT (Grams Per Ton) and 12 GPT of gold, and between 350 GPT and 400 GPT of silver.

>"This LOI represents an important component in expanding our Etzatlán production district," said Chris Torres, AABB President and CEO. "The historical gold and silver grades evaluated to date are extremely attractive, and the underground mining profile fits well with our strategy of acquiring mineralized material in proximity to our Etzatlán plant. We believe that this acquisition holds tremendous potential for us."

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