Toronto, Ontario, June 8, 2009 – Asia Bio-Chem Group Corp. (TSXV: ABC) (“Asia Bio-Chem” or the “Company”) today announced that its wholly-owned subsidiary,  Daqing Biochemical has secured a long-term loan from China Construction Bank in the amount of 100 million RMB ($18.9 million).

The loan will be secured against the assets of the Company’s Daqing Plant and will bear a floating rate of interest based on the Peoples Central Bank Rate.  The term of the loan will be 6 years with annual repayment commencing from June 2010.

“We are pleased to announce this financing agreement,” said Zhiping Wang, President and CEO of Asia Bio-Chem.  Mr. Wang added “This loan facility, coupled with the previously announced loan from the Zhaoyuan County Government, will be more than sufficient to finance the completion of our Daqing project.”

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