Toronto, Ontario, May 28, 2009 – Asia Bio-Chem Group Corp. (TSXV: ABC) (“Asia Bio-Chem” or the “Company”) today announced the results of its annual and special meeting (the “Meeting”) of shareholders held on May 27, 2009.

All five management nominees were elected to serve as directors of the Company. Each of Zhiping Wang, Robert Wilson, Brent Majkrzak, William Thomson and Jeremy Kendall were all elected as directors to serve for the ensuing year.  In addition, the shareholders of the Company duly approved the appointment of Manning Elliott LLP as the Company auditor and the adoption of the Amended and Restated 2009 Incentive Stock Option Plan as described in the Company's Proxy Circular dated April 16, 2009.  Under the Amended and Restated 2009 Incentive Stock Option Plan, an aggregate of 11,516,554 common shares are reserved for issuance upon the exercise of stock options granted or to be granted.

The Company further announces that it has granted an aggregate of 975,000 stock options pursuant to its Amended and Restated 2009 Stock Option Plan to certain directors and officers of the Company.  The options are exercisable for 5 years at an exercise price equal to the closing price of the shares as of the date of this announcement.

This news release contains certain statements that may be deemed “forward looking statements”. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update these forward looking statements, except as required by law, in the event that management’s beliefs, estimates or opinions, or other factors, should change.

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