Asher appoints Rob Montemarano to the Board of Directors

VANCOUVER, March 15, 2012 /CNW/ - Asher Resources Corp. ("Asher" or the "Company") (TSX-V: ACN) is pleased to announce the appointment of Mr. Rob Montemarano to the Company's Board of Directors. Mr. Montemarano has concurrently been appointed to the Company's audit committee.

Mr. Montemarano has been involved in corporate and project financing activities in real estate, mineral exploration and a variety of other industries.  He is Vice-President of Lakeview Group Ltd., a residential property development and construction company, as well as a director and a member of the audit committee of Armada Data Corporation (ARD-TSXV). He was also a director of TSX listed Ontex Resources from 1995 to 2010 which changed its name to Goldstone Resources and was acquired by TSX listed Premier Gold for $90 million.

Mr. Montemarano, subject to TSX Venture approval, has been granted under Asher's stock option plan, 135,000 stock options having a term of 5 years with an exercise price of $0.28.

Asher also announces the resignation of Mr. Jason Monaco from its Board of Directors and wishes to thank him for his valued contribution to the Company.

About Asher Resources:

Asher Resources Corporation is a gold exploration company headquartered in Toronto, Ontario. Asher's mission is to discover and develop a North American gold resource that a gold producer will want to buy.

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

The forward-looking information contained in this press release is made as of the date hereof and Asher undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available

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