Mr. Robert van Santen reports

ASEAN ENERGY ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Asean Energy Corp. has released the results of its annual general and special meeting of common shareholders held on March 2, 2015, in Vancouver.

Shareholders of Asean Energy common shares voted unanimously in favour of the plan of arrangement as disclosed in the company's management information circular dated Jan. 20, 2015, and sent to shareholders in connection with the annual general meeting. Pursuant to the arrangement, there will be a transfer of certain assets to the company's three wholly owned subsidiaries, 1016183 B.C. Ltd., 1021916 B.C. Ltd. and 1024954 B.C. Ltd., in consideration for the issuance of common shares of the subsidiaries and the distribution of these common shares to the company's shareholders on a pro rata basis.

Completion of the plan of arrangement is still subject to receipt of a final order from the Supreme Court of British Columbia to approve the arrangement, scheduled to be heard March 5, 2015. The company obtained an interim order providing preliminary approval from the court on Jan. 28, 2015. The arrangement is expected to become effective on or about March 6, 2015.

Other resolutions passed at the meeting include the reappointment of Davidson & Company LLP, chartered accountant, as auditor and approval of the company's existing 10-per-cent rolling stock option plan. The following board members stood for election and were duly re-elected: Robert van Santen, Wayne Koshman and Chris Cooper.

We seek Safe Harbor.