Phulbari Coal Project Update

Asia Energy PLC 11 February 2005 Asia Energy plc PHULBARI COAL PROJECT - UPDATE Asia Energy Plc ('the Company') announced today that its operating subsidiary Asia Energy Corporation (Bangladesh) Pty Ltd had formerly lodged an application with the Government of Bangladesh for an 'Environmental Site Clearance' for its Phulbari Coal Project in north-west Bangladesh. The Company said an 'Initial Environmental Evaluation' document, prepared by its environmental consultants, SMEC International Pty Ltd, has been submitted to the appropriate authorities. The document was the culmination of more than six months' intensive field work. 'Asia Energy has now fulfilled an important environmental milestone in the Phulbari Coal Project feasibility study,' said Mr David Lenigas, Asia Energy's Joint Managing Director. 'The Company next aims to submit its full Environmental Impact Assessment report by the middle of the year, and to provide the Government of Bangladesh with a Mining Scheme for its approval later this year.' 11 February 2005 ENQUIRIES: Michael Frayne, Joint Managing Director Justine Howarth, Cathy Malins michael.frayne@asia-energy.com Parkgreen Communications David Lenigas, Joint Managing Director Tel: +44 (0) 20 7493 3713 david.lenigas@asia-energy.com Justine.howarth@parkgreenmedia.com Asia Energy PLC cathy.malins@parkgreenmedia.com Tel: +44 (0) 20 7079 1798, Fax: +44 (0) 20 7491 2758 info@asia-energy.com; www.asia-energy.com This information is provided by RNS The company news service from the London Stock Exchange