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File: Asher announces private placement -Oct 2014 v2.pdf

                Asher Announces Private Placement


October 17, 2014                                                                              ACN (TSX-V)

Toronto, ON. � Asher Resources Corporation ("Asher" or the "Company")
(TSX-V: ACN) is pleased to announce that it has arranged a non-brokered
private placement to qualified investors. The Private Placement financing will
consist of 1,383,333 flow-through units ("FT Units") for total gross proceeds of
$83,000.00.

Each FT Unit will be priced at $0.06, and will consist of one common share and
one-half of one non-transferable common share purchase warrant (a "Warrant").
Each full Warrant will entitle the holder to purchase one common share at a price
of $0.10 per share following 12 months from the closing date.

The net proceeds from this private placement will be used at its Lavington
property in British Columbia.

All securities issued will be subject to a four-month hold period from closing.

This private placement remains subject to regulatory approval.

About Asher Resources:

Asher Resources Corporation is a gold exploration company headquartered in
Toronto, Ontario, with a regional office in Reno Nevada. Asher's mission is to
discover and develop high quality North American precious metal resources with
its current focus in southern BC and the Nevada Great Basin.

For further information, please contact:

Telephone: (416) 361-6167

Email: info@asher-resources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

The forward-looking information contained in this press release is made as of the date hereof and Asher
undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of
new information, future events or otherwise, unless so required by applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the
United States. The securities have not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within
the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.