Release: Straits Asia: Coal resource and reserve statement as at 31 Dec 2007

(18 March 2008)--Straits Asia Resources Limited is pleased to announce an update to its JORC-classified Resource and Reserve Statement as at 31 December 2007 as follows:

Coal Resources (Tonnes ('000))
Project	Measured	Indicated	Inferred	Total
Sebuku	41,000	52,000	294,000	387,000
Jembayan	-	48,000	-	48,000
Total	41,000	100,000	294,000	435,000
Coal Reserves (Tonnes ('000))
Project	Proved	Probable	Total	Marketable
Sebuku	20,200	-	20,200	20,200
Jembayan	-	39,000	39,000	39,000
Total	20,200	39,000	59,200	59,200

Following completion of the acquisition of the Jembayan Coal Mine on the 24 December 2007, SAR commenced work on an extensive drilling campaign on the property. Large areas of Jembayan have not been drilled to any significant degree and this work is expected to result in a further upgrade to the SAR?s resource and reserve base.

SAR has also commenced work on a number of scoping studies in order to determine future possible production scenarios and expansions, for both Sebuku and Jembayan. (end of release)