Progress Update

Asia Energy PLC
21 February 2006

                Asia Energy PLC ('Asia Energy' or 'the Company')



     Update on Government of Bangladesh Approval For Phulbari Coal Project



Asia Energy said today that the Company has been advised that the Technical
Committee of Experts, appointed to review the Scheme of Development and
Feasibility Study for the Phulbari Coal Project, has been requested to report
back to the Government of Bangladesh by the end of this week. Under the terms of
its contract with the Government, the Company lodged the Scheme document on 2
October 2005 triggering a three months review period which was extended. The
Government will assess the report of the Technical Committee and a further
announcement is expected in due course.



For further information please contact:

Asia Energy PLC:
Steve Bywater, Chief Executive
Tel: [phone], Fax: [phone] (London)
Gary Lye, Chief Operating Officer: [phone] (Bangladesh)
Website: www.asia-energy.com

Parkgreen Communications:
Justine Howarth, Cathy Malins
Tel: [phone]








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