EV RESOURCES LTD — M&A Activity 2013

Sep 15, 2013

ASX ANNOUNCEMENT

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16 September 2013

Update Proposed Acquisition of Tasmanian Coal Project

Further to its announcement on 31 July 2013, South East Asia Resources Limited (ASX: SXI ) ( Company ) announces that, through its wholly-owned subsidiary, South East Asia Energy Resources (Australia) Pty Ltd ( SEA ), it has agreed to extend the expiry date of the option period granted to acquire Tiger Coal Pty Ltd and Energy Investments Pty Ltd (“ Target Companies ”) until 30 November 2013 whilst technical and legal due diligence is completed and formal legal documentation finalised.

While the material terms of the agreement as announced on 31 July 2013 were not changed, in consideration of the seller agreeing to extend the expiry date of the option period, the Company has agreed to issue and allot to the Seller 2,500,000 SXI shares or pay $50,000 by no later than 30 October 2013. In addition, the Company agreed to reimburse the seller for expenses incurred and paid by the seller.

The Company is continuing towards a JORC report which is expected to be finalized during the last calendar quarter of 2013.

The Company is in discussions with Potential Asian Thermal coal consumers to finalise firm off take and project financing.

Please refer to the Company’s previous announcements for further details regarding this transaction.

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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.

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