TORONTO, December 28, 2011 – Asia Bio-Chem Group Corp. (T SX: ABC) ("Asia Bio-Chem") is pleased to announce that it has successfully secured 100 million RMB ($16 million) in new operating lines of credit to finance working capital including purchases of corn for 2012.

The credit facilities are provided by the Daqing Government (30mm RMB), Heilongjinag Provincial Bank (20mm RMB) and by the Harbin Bank (50mm RMB). The credit facilities will bear interest at floating rates set by the lenders at the time of dr aw down. The facilities will be secured against raw material, products or assets of the Company’s Daqing Plant or Changtu Plant.

“These new lines of credit will allow our Company to draw when necessary to purchase corn and finance operations going forward.” said Zhiping Wang, President and CEO.

TORONTO, November 25, 2011 – Asia Bio-Chem Group Corp. (TSX: ABC) ("Asia Bio-Chem") is pleased to announce that it has successfully renewed its 200 million RMB ($32.3 million) operating line with China Construction Bank for another 12 months.

This facility will bear a floating rate of interest based on 115% of the Peoples Central Bank Rate or approximately 7.544%. The facility will continue to be secured against the assets of the Company’s Daqing plant.

“We are very pleased to announce this renewal which demonstrates the support we enjoy in our banking relationships.” said Zhiping Wang, President and CEO.