EV RESOURCES LTD — Interim / Quarterly Report 2014

Apr 29, 2014

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Quarterly Activity Report

For the period ending 31 March 2014

South East Asia Resources Limited (ASX: SXI ) (“the Company ”), is pleased to provide shareholders with this Quarterly Activities Report for the three (3) months ending 31 March 2014.

CORPORATE MATTERS

There are no corporate matters to report.

PROJECTS REVIEW

PT PAR COKING COAL PROJECT (INDONESIA)

The 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.

Production commenced during December 2013 with delays through the later part of December and January due to the wet season and Contractor equipment delays.

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

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

Finalisation of the domestic off-take arrangements have been undertaken with the coking coal for steel mills to be barged from the port of Telen,

TASMANIA COAL PROJECTS

The Company’s ongoing strategy is to develop a thermal coal project in the Midland Area of Tasmania following the exploration and due diligence works undertaken throughout 2013.

During the period, the Company has been in discussions with major offshore resource groups who have also identified that Tasmanian coal offers consistent properties essential to the cement manufacturing process. Negotiations have commenced and are well advanced in relation to off-take and project investment.

During May and June it is the Company’s intention to progress to the next stage of project assessment.

South East Asia Resources Limited ACN 009 144 503

311-313 Hay Street Subiaco, Western Australia 6008 T:+61 (0) 8 9381 5819 F: +61 (0) 8 9388 3701 www.southeastasiaresources.com.au

MALALA MOLYBDENUM PROJECT, SULAWESI, INDONESIA

The Company has maintained the Malala Molybdenum Project and continued discussions with provincial Government and other officials concerning all licenses and administrative matters. The Company holds 95% beneficial percentage interests in the project.

The Malala Project is located in the ToliToli Regency of Central Sulawesi Province, Indonesia, approximately 150km to the north of Palu. The project comprises five IUP concessions: PT IntiCemerlang, PT Promistis, PT Era Moreco, PT Sembilan Sumber Mas & PT Indo Surya. The total area forming the Malala Project is in excess of 240km2 spread across the five concessions all of which are located within 15km of the coast.

Since acquisition, SXI has worked diligently at compiling and reviewing the historical data and re-initiating the exploration process. The majority of work has targeted Anomaly B, the key area of Rio Tinto/Santos exploration efforts in the 1970’s and 1980’s. The Company has significantly advanced its understanding of the Anomaly B prospect area, with detailed trenching and geophysical surveying making large contributions to this improved understanding.

The Company has entered into negotiations with Indonesian parties with interests in the same area to join together to develop this project. The support of these incoming parties is expected to substantially enhance the projects ability to fulfil all of the requirements to get this project to production. This will effectively relaunch the Molybdenum project and provide a timetable to take the project to production with a suitable off take/technical partner. These arrangements are to be concluded in the next quarter with a view to commencing the financing or joint venture of the project in that quarter.

While the Company has high expectations in relation to the Malala Molybdenum Project, it was decided to take a conservative approach and impair the related capital expenditure of this project at 30 June 2013.

About South East Asia Resources Limited

South East Asia Resources Limited is a resources focused 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.

Forward looking statements

This announcement contains forward-looking statements which involve a number of assumptions, risks and uncertainties. These forward looking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. No obligation is assumed to update forward-looking statements if these beliefs, opinions and estimates should change or to reflect other future developments.

For further information on SEAE, please visit www.southeastasiaresources.com.au

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