Statement re. Suspension

Asia Energy PLC
31 August 2006




Announcement for Immediate Release



Asia Energy PLC ('the Company') became aware this morning of press reports
quoting a junior minister in Bangladesh stating that the Bangladesh Government
is cancelling all existing agreements with Asia Energy.  The Company had not
received any communication from the Government to this effect.  In view of this
the shares of Asia Energy were suspended from trading on the AIM Market at 08:40
hrs (BST) this morning.



The Company is seeking to clarify the reported remarks of that minister and  to
determine the Government's position towards the Phulbari Project.



The shares of the Company will remain suspended from trading pending a further
announcement.



The Company will keep the market informed of developments.


                      This information is provided by RNS
            The company news service from the London Stock Exchange