ZIMI LIMITED — Capital/Financing Update 2009

Aug 13, 2009

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WHL Energy Ltd C/- Websters Solicitors

ABN: 25 113 326 524

Level 11, 37 Bligh Street Sydney NSW 2000 Australia P: +61 2 9233 2688 F: +61 2 9233 3828 www.whlenergy.com

ASX/MEDIA RELEASE

Dated: WHN 14 AUGUST 2009

ANNOUNCEMENT – JOINT VENTURE AGREEMENT ON SOUTHEAST KANSAS CHEROKEE BASIN GAS PROJECT (“THE HOME RUN PROJECT”)

• Currently 70+ wells ready for recompletion and tie-in

• Currently, without stimulation for CBM production, the field is currently producing 42 boepd.

The Company announces that it has signed an agreement with Jetside Oil & Gas LLC (“Jetside”). The agreement allows WHL Energy to earn up to a 51% working interest in Jetside’s Coal Bed Methane (“CBM”) project in southeast Kansas by paying Jetside $500,000 upon the Company being satisfied that its SRS[TM] technology is appropriate and thereafter spending a minimum of $500,000 per year over a three year period. WHL expects that production will commence in September 2009. WHL will be the operator of the project and be employing the Short Radius Stimulation (SRS[TM] ) technology that it has been leveraging successfully in Southern Kentucky/Tennessee with its partner KOS Energy.

The CBM basin project covers mineral leases initially in excess of approximately 45,000+ gross acres in Bourbon and Crawford County, Kansas within the Cherokee Basin, with in excess of 70 existing CBM wells and multiple shallow oil wells. The current target for development is the multiple shallow (500’1000’) coal bed methane gas potential of the area, although the leases are also held for potential development of coal-bed methane and conventional oil and gas reserves. A preliminary reserve estimate for the project has been prepared by Questa Engineering Corporation of Golden, Colorado.

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WHL Energy Ltd C/- Websters Solicitors ABN: 25 113 326 524 Level 11, 37 Bligh Street Sydney NSW 2000 Australia P: +61 2 9233 2688 F: +61 2 9233 3828 www.whlenergy.com

The Cherokee Basin is a well established area with in excess of 100,000 wells drilled there with a tremendous amount of available historical data. According to Department of Energy data, in excess of 2.8 Trillion Cubic Feet may be recoverable. With the recent onset of significant gas infrastructure and stimulation technology, cumulative production of over 90 Bcf of gas has occured since 1992. Major operators in the Cherokee Basin include Quest Resource Corporation (NasdaqGM:QRCP), which has interests in over 500,000 acres and is increasing its acquisition and development efforts. Quest has reported that it has experienced a 99% success rate on 1,800 wells in the Cherokee Basin, and has booked over 209 net Bcf of proved gas reserves. Other operators near WHL’s acreage include Admiral Bay Resources, Constellation and Layne Christensen.

Peter Bartter, Chairman WHL Energy stated, “The transaction is a win-win for both companies as WHL Energy has access to technology that both companies believe has the ability to enhance production from Jetside’s existing CBM projects, as well as exploit the shallow oil resources within the leased areas. Jetside’s expansive acreage position in Kansas’ Cherokee Basin fosters excellent low-risk potential because of the areas historic drilling success, low drilling and development costs, and high degree of reproduction. This key asset coupled with WHL’s debt-free balance sheet and experienced management team provides the Company a strong foundation from which to grow and advance its corporate initiatives.”

Yours Faithfully,

Ian Mitchell Company Secretary WHL Energy Limited