Asiapac Capital Services Inc.
Asiapac Capital Services to Focus on Mine Development

Asiapac Capital Services Inc. / Research Update

07.01.2010 

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Toronto, Canada - (For immediate release) - January 7, 2010

Asiapac Capital Services Ltd.,: Deutsche Börse symbol: 5AP. (www
.asiapaccapital.ca), announced today that it will be prioritizing further
development on its mining company, Asiapac Minerals Co. Ltd., which is a
wholly owned subsidiary.

Company President, Mr. Samuel Lee, noted; 'We are focusing our efforts on
three mining properties located in the Philippines, and are currently in
negotiations with third parties who may have an interest in providing
additional capital on an earn-in basis to participate in the further
development of these mines.'

The Philippines are recognized as having rich resources in its mountains,
ranging from Gold to Silver; Copper; Iron ore; Chromites; Managanese;
Nickel; and Coal. The Three properties in which Asiapac has significant
interests include the Bicol project; Surigao project in Northern Mindanao
and Davao project in Southern Mindanao, all of which feature gold, silver
and copper plays.  Our interests include comprehensive mineral rights
granted by the Philippine government,
One of the key benefits of the Philippines mining industry is the low cost
labor pool and year-round mine operation capabilities, as well as
government policies open to foreign investment and development.

Brief details on the properties are included below.

Bicol Mine;
Bicol has proven and probable reserves of 17.8 million ounces of gold, with
717.6 million ounces of silver and 649.5 million pounds of copper contained
within the gold reserves1. With an estimated mine life of more than 25
years, expected average annual production is projected upwards of about
750,000-800,000 ounces of gold and 35 million ounces of silver in the first
full five years. Anticipated total cash costs in the first full five years
are $20-$50 per ounce, making Bicol mines one of the lowest cost gold mines
in the world.
Surigao Mines
The Surigao underground copper-gold mine is located in the state of Surigao
in northeastern Mindanao. The proven and probable mineral reserves at
November 30, 2009 are estimated at 45,000 ounces of gold and 98 million
pounds of copper.
Ore is mined by conventional open pit methods and transported to the
Surigao mill. Total estimate cash costs were $531 per ounce of gold and
$1.64 per pound of copper.

Davao Mines;
In addition to being one of the largest Greenfields gold discoveries in the
last decade, Davao mines is also one of the few gold mine areas in the
world projected to produce over one million ounces a year. The property
lies on the western flank of the Davao del Norte and is at an elevation of
4,000 to 4,260 metres above sea level. The Davao mine is an open-pit,
crush, valley-fill heap leach operation.
Proven and probable mineral reserves as of November 30, 2009 are estimated
at 8.9 million ounces of gold.
Asiapac will continue to pursue funding opportunities to bring these
properties into full production, and will be providing further updates as
details become available.

Disclaimer & Safe Harbor Statement;
This release includes forward looking statements, which are based on
certain assumptions and reflects management's current expectations. These
forward looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. The Company disclaims any intention
or obligation to update or revise any forward looking statements, whether
as a result of new information, future events or otherwise. 'Safe Harbor'
Statement under the U.S. Private Securities Litigation Reform Act of 1995:
This release contains certain 'forward-looking' statements within the
meaning of the Private Securities Litigation Reform Act of 1995. 

For further information please contact: 
AsiaPac Capital Services Ltd.
557A Eglinton Ave West,
Toronto, Canada M5N 1B5
Phone: 1-416-800-2080 
Email: info@asiapaccapital.ca




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