IAS Imasight (Tier2)

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.


Southeast Asia Mining Corp. ("SEA" or the "Company") announces that it has filed
its audited financial statements for the year ended December 31, 2013 which
includes a restatement of financial results for the year ended December 31,
2012. The background and the effect of the restatement on the December 31, 2012
financial statements is as follows: 


In the Year ended December 31, 2012, the Company closed a brokered private
placement of unsecured convertible debentures for gross proceeds of $927,296.
The debentures were classified as a liability, with the exception of the portion
relating to the conversion feature that was classified as equity. It has now
been determined that the convertible debentures should properly be classified as
an equity instrument rather than a liability pursuant to International
Accounting Standard ("IAS") 32.16. 


Accordingly the comparative numbers for the year ended December 31, 2012 have
been restated. A summary of the effects of the restatement for the year ended
December 31, 2012 are as follows:




--  Statement of Financial Position: A decrease in convertible debentures in
    current liabilities by $924,611 from $924,611 to $Nil and an increase in
    reserves for convertible debenture within shareholders' equity
    (deficiency) by $924,611 from $(945,566) to $(20,955). 
--  Statement of loss and comprehensive loss: A decrease in net loss by
    $120,063 from $3,366,163 to $3,246,100. This did not result in any
    change in loss per share previously reported. 
--  Statement of cash flows: An increase in the cash used in operating
    activities by $90,283 from $1,905,267 to $1,814,984 and a decrease in
    the cash provided from financing activities by $90,283 from $927,296 to
    $837,013. 



The audited financial statements for the year ended December 31, 2013 which
include the above-noted restatement for the year ended December 31, 2012 were
filed on April 30, 2014 with Canadian securities regulators on SEDAR and may be
viewed on the Company's profile at www.sedar.com. 


About Southeast Asia Mining Corp. 

Southeast Asia Mining Corp. is a junior exploration and mining company focused
in Thailand. The Company has a joint venture agreement whereby it has an option
to earn an 80% interest in the mining lease applications of the two historical
operating silver-lead-zinc mines (Song Toh and Boh Yai), flotation plant and
equipment. The mines were operated by Cominco in 1948, explored and operated by
the German mining company Metalgesellschaft to 1990, and subsequently by a Thai
private company (Kemco) until 2002 when they were closed due to depressed metal
prices. Historically the mines processed approximately 5.4 million tonnes of ore
producing 520,000 tonnes of Pb and Zn concentrates at the 1,000 tpd flotation
plant. The plant was refurbished in 2008 by SEA and its joint venture partner
when approximately 60,000 tonnes of ore were processed. The Company completed a
NI 43-101 compliant Preliminary Economic Assessment for the historical operating
Song Toh and Boh Yai deposits which indicated a pre-tax NPV of $88.8 million and
an IRR of 148% for 100% of the historical mines. The Company also has a 100%
interest in three special prospecting licenses (1,308 hectares) and seven
special prospecting licence applications (4,400 hectares) surrounding the Song
Toh and Boh Yai mines and two special prospecting license applications (2,878
hectares) for copper-gold exploration in the Province of Lopburi and Nakon Sawan
within the area of the Loei-Phetchabun Gold Belt. 


Statements in this release that are forward-looking reflect the Company's
current views and expectations with respect to its performance, business, and
future events. Such statements are subject to various risks and assumptions,
some, but not necessarily all, are disclosed elsewhere in the Company's
disclosure filings with Canadian securities regulators. Such statements and
information contained herein represent management's best judgment as of the date
hereof based on the information currently available; however actual results and
events may vary significantly. The Company does not assume the obligation to
update any forward-looking statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Southeast Asia Mining Corp.
Brian Jennings
President CEO and CFO
416-361-2831
bjennings@seasiamining.com

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