Asia Resource Minerals : Announcement by Asia Coal Energy Ventures Limited

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

7 May 2015

For Immediate Release

Asia Resource Minerals plc ("ARMS" or the "Company")

Announcement by Asia Coal Energy Ventures Limited ("ACE")

ARMS notes the announcement of a cash offer (the "ACE Cash Offer") to acquire the entire issued and to be issued ordinary share capital of the Company not already owned by ACE and funds managed by Argyle Street Management Limited.

ACE did not engage with the Company in respect of the offer prior to today's announcement.

ARMS further notes that the ACE Cash Offer is conditional upon, amongst other things, the passing of a resolution by a simple majority of Independent Shareholders, as determined by the Takeover Panel, of ARMS to approve the RBI Loans Acquisition and the RBI Loans Acquisition Agreement for the purposes of Note 2 on Rule 16.1 of the Code, whichrequires an independent financial adviser to ARMS publicly stating that, in its opinion, the terms of the RBI Loans Acquisition are fair and reasonable. Neither the Company nor its independent financial adviser has received the information required for the independent financial adviser to provide any such opinion.

The Company is currently analysing the ACE Cash Offer announcement and will provide an update in due course.

Unless otherwise defined, the terms used in this announcement shall have the same meaning as set out in the ACE Cash Offer announcement.

- ENDS-

Forenquiries,pleaseconta ct:

Rothschild (Financial Adviser)

Roger Ewart Smith

Sam Critchlow

+44 (0) 20 7280 5000

Disclosure requirements of the Takeover Code (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44

(0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Publication on website

A copy of this Announcement will be made available, free of charge subject to certain restrictions relating to persons resident in restricted jurisdictions, at wwwasiarmplc.com by no later than 12 noon (London time) on the Business Day following the date of this Announcement. Neither the content of the website referred to in this Announcement nor the content of any websites accessible from hyperlinks on the Company's website (or any other websites) is incorporated into, or forms part of, this Announcement.

N.M. Rothschild & Sons Limited ("Rothschild"), which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for the Company and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.