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File: ASB - News Release re NEX-EscrowCancellation (FINAL for Dissemination)(Aug 29 14) (00064567).PDF

                                                                  ASB CAPITAL INC.

            ASB Capital Obtains Court Order Awarding Damages and the Transfer of Shares from Tang
                     & Announces Transfer to NEX and Cancellation of Certain Seed Shares

TSX-V: ASB.P                                                                                                          
--->             For Immediate Release

August 29, 2014 - Vancouver, British Columbia � ASB Capital Inc. (the "Company" or "ASB Capital"), a capital
pool company pursuant to TSX Venture Exchange (the "Exchange") Policy 2.4 - Capital Pool Companies (the "CPC
Policy"), announces that on August 25, 2014, the Company obtained an Order from the Supreme Court of British
Columbia that Terry Bingfeng Tang, the Company's previous President, CEO and director, pay to ASB the sum of
$265,607, being the amount of unauthorized funds wrongfully misappropriated by Mr. Tang, together with
consequential damages in the amount of $40,000 and additional costs fixed by the Court at $15,000. In addition, the
Court varied the Mareva Injunction the Company previously obtained over certain of Mr. Tang's assets to permit the
transfer of 1,380,000 common shares of the Company previously held by Mr. Tang and his holding company, which
shares were deemed to have an aggregate value of $5,550, to be transferred to the Company. The transfer of these
shares to the Company has now been completed and 825,000 shares have been cancelled (see below). The remaining
555,000 shares registered to ASB Capital continue to be held in escrow pursuant to the CPC Policy.

Pursuant to the CPC Policies, as ASB Capital did not complete its Qualifying Transaction (as defined in the CPC
Policy) by July 23, 2014, it was required to obtain the approval of its shareholders for the transfer of its listing t
--->o the
NEX, which approval was received at the Company's annual and special meeting of shareholders held on July 16,
2014. At the same meeting, the Company also received approval to cancel an aggregate of 950,000 Seed Shares (as
defined by the Exchange) held by certain non-arm's length parties to the Company, all of which Seed Shares have
now been cancelled (825,000 Seed Shares of which were registered in the name of ASB Capital, as set out above).

The Company applied for a transfer to NEX and reinstatement to trading and the Exchange has advised that the
applications have been accepted and an Exchange bulletin will be issued soon after the dissemination of this news
release. The Company's listing will be transferred to NEX and the trading symbol for the Company will change from
ASB.P to ASB.H.

The directors are continuing to seek an acceptable Qualifying Transaction as they review the Company's options.

ON BEHALF OF THE BOARD OF DIRECTORS

       "Matthew Kavanagh"
Matthew Kavanagh
CFO, Interim CEO & Director

For further information, please contact:

Matthew Kavanagh
Email: ASB_Capital@mail.com

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

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects
--->, believes or anticipates will or may occur in
the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the C
--->ompany based on its experience,
current conditions, expected future developments and other factors it believes are appropriate in the circumstances. I
--->n addition, these statements involve
substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecas
--->ts, projections and other forward-looking
statements will prove inaccurate, certain of which are beyond the Company's control. There can be no assurance that an
--->y forw ard-looking statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
---> Accordingly, readers should not place undue
reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update the
--->se forward-looking statements after the
date hereof or to revise them to reflect the occurrence of future unanticipated events.