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

WHL ENERGY LIMITED (ACN 113 326 524) NOTICE OF INTENTION TO OFFER A RIGHTS ISSUE TO EXISTING SHAREHOLDERS

(Corporations Act S. 708AA(7)

Date: 14 August 2009

1. GENERAL

The Company announces that it proposes to make a rights issue pursuant to section 708AA of the Corporations Act without issuing a product disclosure statement in relation thereto.

2. PARTICULARS OF THE ISSUE

The rights issue is a pro-rata non-renounceable entitlement issue of one new share for every three shares held at the Record Date. The issue price for each new share is 4 cents.

The offer seeks to raise $2,360,531 before expenses of the offer and is to be fully underwritten and will result in the issue of 59,013,285 new shares.

The purpose of the rights issue is to fund new oil and gas business acquisitions and costs associated with such acquisitions and to supplement working capital

3. REQUIREMENTS OF NOTICE

This notice is being given to Australian Securities Exchange (‘ASX’) pursuant to the provisions of Section 708AA(2)(f) of the Corporations Act

4. As at the date of this Notice the Company has complied with all of its obligations under Chapter 2M of the Corporations Act (which relates to the financial reporting obligations of disclosing entities)

5. As at the date of this Notice the Company has complied with all of its obligations under Section 674 of the Corporations Act (being compliance with its obligations of disclosure under ASX Listing Rules)

6. The Company is not aware of any information that has been excluded from any continuous disclosure notice issued pursuant to ASX Listing Rules that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of the assets and liabilities, financial position and performance, profits and losses and prospects of the Company or the rights and liabilities attaching to the rights being offered.

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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

7. The rights issue will increase the issued shares in the Company from 179,039,857 to 236,053,142 an increase of 25%. Because the rights issue is non-renounceable and it cannot be known with certainty which shareholders will take up their rights entitlements the effect of the issue on control of the Company and the consequences thereof will depend on the particular shareholders who take up their entitlements and the parties to whom any shortfall is or are allotted by the Underwriter. (Shareholders are directed to the contents of the offer document to be circulated to all shareholders in that regard).

8. The Company has not yet determined the record date to determine entitlement to the shares the subject of this issue.

By authority of the Board

Ian Mitchell Company Secretary