ZIMI LIMITED — Board/Management Information 2011

May 22, 2011

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WHL Energy Ltd ABN: 25 113 326 524 2 Leura Street, Nedlands Western Australia P.O. Box 3445, Broadway Nedlands Western Australia 6009 T: +61 8 6500 0271 F: +61 8 6389 1151 www.whlenergy.com

ASX/MEDIA RELEASE 23 May 2011

WHL ENERGY ANNOUNCES KEY MANAGEMENT CHANGES

Australian energy company WHL Energy Limited ( ASX: WHN ) (“ WHL Energy ” or “ the Company ”) is pleased to announce two key management changes as it continues to progress its “flagship” Seychelles oil and gas project.

Highly experienced WHL Energy board member Steve Noske has been appointed as the Company’s new Managing Director. Mr Noske, who was named as a Non-executive Director of WHL Energy on September 28, 2010, brings to this new role a strong background in oil and gas company management.

He holds an honours degree in engineering from the University of Melbourne and has worked within the oil and gas industry for more than 25 years, having been employed both in Australia and throughout Asia.

Mr Noske’s career has encompassed working with major oil and gas organisations building into senior management roles with BHP Billiton, TRU Energy and Mitsui E&P Australia Pty Ltd. He began his career in the oil and gas industry with Woodside Energy in 1985, where he was employed for approximately 6 years in various engineering and operational roles. He has also been employed with Shell International (1990-1993) in Brunei and BHP Petroleum (1993- 1999).

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Mr Noske has consulted to Mitsui E&P Australia for seven years managing the company's gas assets in the role of Manager Business Development.

He established BNA Petroleum Asset Management Pty Ltd (BNA) with his partners in 2002 to offer management services in the areas of petroleum commercialisation specialising in the commercialisation of gas and oil opportunities worldwide.

BNA has consulted to many blue chip organisations including Woodside, Santos, Petronas (Malaysia), Rothschild Australia and PWC.

Mr. Noske was previously a non-executive Director of an ASX listed junior oil & gas explorer focused on the USA before resigning in November 2008.

WHL Energy believes Mr Noske’s oil and gas managerial experience will prove important as enters into the phase to define drillable prospects within its large, offshore Seychelles hydrocarbon exploration holdings. His extensive experience in dealing with major organisations will be of high value as the Company continues to deal with potential farminees who continue to approach the Company.

The Company has entered into an executive services agreement with Mr. Noske in relation to the appointment of the Executive as Managing Director of the Company. The material terms and conditions of the executive service agreement entered into between the Company and Mr. Noske is summarised in Schedule A.

David Rowbottam, who has filled the CEO position with WHL Energy since September 6, 2010, will now assume the role of Financial Director.

Mr Rowbottam was the founding Managing Director of ASX-listed oil and gas exploration company Exoma Energy Limited from July 2007 to March 2010. Prior to taking up the CEO position at WHL Energy, Mr Rowbottam worked as a senior financial executive with international and Australian companies.

He has extensive experience as a General Manager, Chief Financial Officer, Financial Controller and Company Secretary and had held senior management positions with a number of companies including Antares Energy Ltd, Alinta Group and the BHP Group.

Mr Rowbottam is currently a Director of several non-listed companies.

FURTHER INFORMATION Shareholders/Investors: Media contact: David Rowbottam/Steve Noske Colin Hay WHL Energy Ltd Professional Public Relations T: +61 8 6500 0271 T: +61 8 9388 0944 E: contact@whlenergy.com E: colin.hay@ppr.com.au

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About WHL Energy Limited

ASX-listed WHL Energy Ltd (ASX: WHN) is a diversified energy company with interests in a large petroleum exploration asset off the coast of the Republic of the Seychelles, a suite of Renewable Energy Projects and Prospects in Europe and onshore oil and gas producing and exploration holdings in the United States of America.

The Company’s “flagship” project is its very large offshore Seychelles oil and gas interests. This 20,700km2 exploration holding is considered highly prospective for potentially very large hydrocarbon targets, and WHL Energy is currently undertaking further work to gain a higher understanding of that potential as it progresses the Seychelles oil and gas assets towards farm-out and drilling.

Independent studies have confirmed the potential of 12 leads across 4 different plays in WHL Energy’s Seychelles exploration holdings and estimated that these leads have the potential to contain unrisked mean oil in place of between 166 million barrels and 5.44 billion barrels per lead.

Schedule A

Remuneration of the Managing Director

Mr Noske will receive a base salary of A$450,000, plus superannuation contributions. The Executive will also be eligible to receive annual capped short term bonuses based on performance against varying performance criteria developed by the Remuneration Committee, limited to a maximum bonus of $200,000 in any one year. The criteria for the first year will be linked to the key development milestones for the Company’s projects in the Seychelles.

Mr Noske will also be entitled to long term incentives as previously announced to the market.

The term of employment will terminate on or before three years from date of execution of the agreement. The agreement also contains provisions including confidentiality, leave entitlements, intellectual property and immediate termination rights that are customary in an agreement of this type.