Asia Broadband Signs Letter of Intent to Sell the Bonanza Property Concession in Nayarit, Mexico

Rhea-AI Summary

Asia Broadband has signed a Letter of Intent to sell its Bonanza mineral property in Acaponeta, Nayarit, Mexico. The company expects to finalize and announce the sale next week, with proceeds aimed at strengthening its financial position.

The strategic move allows AABB to concentrate on high-grade mineral asset investments near their new processing plant in Etzatlan, Jalisco. This regional focus in Mexico provides AABB with a competitive advantage, leveraging local development resources and expertise for rapid expansion.

The decision aligns with AABB's mining property portfolio strategy to optimize development capital utilization, building on their previous gold production success through focused regional operations.

Positive

• Upcoming sale of Bonanza property will strengthen company's financial position
• Strategic focus on high-grade mineral assets near existing processing plant in Etzatlan optimizes capital utilization
• Company has comparative advantage in development resources and expertise in specific Mexican regions

Negative

• Divestment of Bonanza property reduces company's mining asset portfolio
• Sale terms and expected proceeds not disclosed
• Final negotiations still pending - deal not yet closed

LAS VEGAS, April 30, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has signed a Letter of Intent (LOI) for the sale of its 100% wholly-owned Bonanza mineral property located in Acaponeta, Nayarit, Mexico. AABB is in the final stage of negotiations to complete the favorable sale of the property, which is expected to be finalized and announced next week.

The proceeds from the sale of the property will further strengthen the Company’s financial position and allow AABB to focus primarily on high-grade mineral asset investments in the surrounding area of the Company’s recently inaugurated processing plant in Etzatlan, Jalisco.

AABB continues to implement its mining property portfolio strategy to optimize development capital utilization. By focusing operations in specific regions of Mexico, AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success.

About Asia Broadband

Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company's industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its own proprietary AABB Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies and digital asset developers.

Contact the Company at:

General Email:	ir@asiabroadbandinc.com
Token Support:	support@aabbgmine2token.com
Company Websites:	www.asiabroadbandinc.com
	www.aabbgmine2token.com
	www.goldenbaboons.com
Phone:	702-866-9054

Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.

FAQ

What is the Bonanza property sale by Asia Broadband (AABB) in 2025?

Asia Broadband (AABB) signed a Letter of Intent to sell its 100% owned Bonanza mineral property in Acaponeta, Nayarit, Mexico. The sale is expected to be finalized and announced in early May 2025.

Where will AABB focus its operations after selling the Bonanza property?

After the Bonanza property sale, AABB will focus primarily on high-grade mineral asset investments near their processing plant in Etzatlan, Jalisco, Mexico.

How will the Bonanza property sale affect AABB's financial position?

The sale proceeds will strengthen AABB's financial position and allow the company to optimize its development capital by focusing operations in specific regions of Mexico.

What is AABB's mining property strategy in Mexico for 2025?

AABB's strategy is to optimize development capital by focusing operations in specific Mexican regions where they have development resources and expertise for rapid expansion and gold production success.

When will AABB finalize the Bonanza property sale in 2025?

According to the press release, AABB is in final stage negotiations and expects to finalize and announce the Bonanza property sale within a week of April 30, 2025.