Environmental Site Clearance

Asia Energy PLC 01 April 2005 NEWS RELEASE 1 April 2005 Bangladesh Government gives Environmental Site Clearance to Asia Energy's Phulbari Coal Project Asia Energy PLC ('Asia Energy' or 'the Company') announced today that the Government of Bangladesh had given its Phulbari Coal Project Environmental Site Clearance. The decision by the Department of Environment ('DOE') to endorse the Company's plans for an open cast coal mine at Phulbari in north-west Bangladesh paves the way for formal government approval of the scheme. 'Environmental Site Clearance is a major step towards starting a world class open cast coal mining operation at Phulbari,' said Mr David Lenigas, Asia Energy's Joint Managing Director. 'The fact that the DOE has given this Environmental Site Clearance considerably ahead of schedule demonstrates the commitment of the Government of Bangladesh to this very significant resource project.' The Department of the Environment issued its Environmental Site Clearance for the Project after evaluating plans for the mine, including an 'Initial Environmental Examination' prepared by its environmental consultants, SMEC International Pty Ltd. SMEC is currently working on a full Environmental Impact Assessment for the Project which is due to be submitted to the Government in mid-2005. For Further Information please contact: David Lenigas, Joint Managing Director/ Michael Frayne, Joint Managing Director Asia Energy PLC Tel: +44 (0)20 7079 1798 Fax: +44 (0)20 7491 2758 info@asia-energy.com Cathy Malins/Justine Howarth Parkgreen Communications Tel: +44 (0)20 7493 3713 cathy.malins@parkgreenmedia.com Evolution Securities/ JP Morgan Cazenove Chris Sim/ Michael Wentworth-Stanley Tel: +44 (0)20 7071 4309/ +44 (0)20 7155 4588 This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings