EV RESOURCES LTD — Capital/Financing Update 2014

May 5, 2014

ASX ANNOUNCEMENT

==> picture [190 x 78] intentionally omitted <==

6 May 2014

Funding Secured for Coking Coal Production and First Shipment

• Completion of share placement

• Issue of second tranche of convertible bonds

• Renewing production at PT PAR Coking coal project

• First shipment targeted June 2014

South East Asia Resources Limited (ASX: SXI ) ( Company ) is pleased to announce that it is in the process of completing a placement of 33,333,333 ordinary shares at $0.015 per share to raise $500,000 ( Placement ).

In addition, in relation to the Bond Subscription Agreement with PA Broad Opportunity IV Limited (Subscriber) for the provision of up to A$10 million by way of unsecured bonds, convertible into shares executed on 17 September 2013, the Company will lodged the notice of request for second Tranche drawdown of $500,000 ( Second Tranche ).

The net proceeds from the Placement and the Second Tranche will be used by the Company to execute full production efforts for the PT PAR Coking Coal project in Indonesia.

PT PAR Coking Coal project has secured IUP Production Licensing and has all required infrastructure in place for immediate mine production, including camp, mining equipment, haul road and processing crush facilities. The hauling road distance from the boundary of the PT PAR concession is 32 kilometres to the jetty facility (which has a port weight bridge and belt loading conveyor capacity of 1000Mt per hour). Loading of coal onto export coal vessels is estimated to take 10 hours.

The Company has finalised an agreement to acquire and take over the mining contractor, mining equipment and workforce and undertake all mining direct. As part of the takeover, the company through its Indonesian operating entity PT UMES has commenced remobilisation onsite for production commencement in May 2014.

The Company has also completed preliminary agreements for the adjoining coal concession, which will provide continued production on completion of mining from PT PAR.

Domestic off-take arrangements have been finalised with steel mills, for the supply of coking coal, which will be barged from the port of Telen.

With this required working capital in place and the agreement to take over the production of Coal, the Company is expecting to announce first shipment of Coking coal by June 2014.

END

South East Asia Resources Limited ACN 009 144 503

311-313 Hay Street Subiaco, Western Australia 6008 T:+61 (0) 8 6489 0600 www.southeastasiaresources.com.au

About South East Asia Resources Limited

South East Asia Resources is a resources focused resource exploration company listed on the Australian Securities Exchange (ASX code: SXI) and Frankfurt Stock Exchange (FSE code: R1E), with a vision to find, prove and extract value from world class resource projects in South East Asia. The Company is building a resources portfolio with its cornerstone project Malala Molybdenum Project in the Toli Toli Province in North Sulawesi, Indonesia and interests in the Penajam East Coal Project in Penajam Regency of East Kalimantan, Indonesia

2 | P a g e