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File: NRMAR03.docx
For Immediate Release March
--->3, 2015
ASEAN ENERGY ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
Vancouver, B.C., March 3, 2015 - Asean Energy Corp. (CSE: ASA) ("Asean Energy") (the "Company") is pleased to announce
---> the results of its annual general and special meeting of common shareholders held on March 2, 2015 (the "AGM") in Van
--->couver.
Shareholders of Asean Energy common shares (the "Shareholders") voted unanimously in favour of the plan of arrangement
---> (the "Arrangement") as disclosed in the Company's management information circular dated January 20, 2015 and sent to
--->shareholders in connection with the AGM (the "Circular"). Pursuant to the Arrangement, there will be a transfer of cer
--->tain assets to the Company's three wholly-owned subsidiaries (the "Spincos") 1016183 BC Ltd., 1021916 B.C. Ltd. and 10
--->24954 B.C. Ltd., in consideration for the issuance of common shares of the Spincos, and the distribution of these comm
--->on 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 C
--->olumbia (the "Court") to approve the Arrangement, scheduled to be heard March 5, 2015. The Company obtained an interim
---> order providing preliminary approval from the Court on January 28, 2015. The Arrangement is expected to become effect
--->ive on or about March 6, 2015.
Other resolutions passed at the meeting include the re-appointment of Davidson & Company LLP, Chartered Accountants, a
--->s auditors, and approval of the Company's existing 10% rolling Stock Option Plan. The following board members stood fo
--->r election and were duly re-elected: Messrs. Robert van Santen, Wayne Koshman and Chris Cooper.
ON BEHALF OF ASEAN ENERGY CORP.
(signed) "Robert van Santen" Chief Executive Officer
For further information, please contact:
Asean Energy Corp. Greg Patchell, Manager, Public Relations Telephone: (250) 860-8634
Some of the statements contained in this press release are forward-looking statements and information within the meani
--->ng of applicable securities laws. Forward-looking statements and information can be identified by the use of words suc
--->h as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statement
--->s that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be a
--->chieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and
--->uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ mater
--->ially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly,
--->readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update
--->publicly or otherwise revise any forward-looking statements, except as may be required by law. The Company will provid
--->e further updates respecting these initiatives as developments occur. There can be no assurance that interests in any
--->or all of these or additional projects being pursued will be acquired, funded and/or commercialized. Neither the Canad
--->ian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of t
--->he CSE) accepts responsibility for the adequacy or accuracy of this release.
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