ZIMI LIMITED — Capital/Financing Update 2010

Nov 9, 2010

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WHL Energy Ltd C/o Ovid Management Services ABN: 25 113 326 524 Ground Floor 2 Leura Street, Nedlands, Western Australia P.O. Box 3445, Broadway Nedlands, Western Australia 6009 T: +61 (0) 8 6500 0271 F: +61 (0) 8 6389 1151 www.whlenergy.com

ASX Announcement

10 November 2010

WHL ENERGY RAISES A$500,000 THROUGH A STRATEGIC SHARE PLACEMENT

WHL Energy Ltd ( ASX: WHN ) (“WHL Energy” or “the Company”) announces that it has raised A$500,000 through a placement to sophisticated and professional investors of 22,727,273 shares at an issue price of 2.2 cents per share (“Placement”).

The funds raised from the Placement will be directed towards meeting initial commitments under the recently announced acquisition of SEYCO Energy Pty Ltd and its interest of up to 100% equity in 35 exploration blocks in the Republic of Seychelles.

In addition, the capital raised by WHL Energy will also contribute towards the completion of the initial funding assurances for a 2D seismic program that is currently being acquired over the SEYCO blocks.

The 35 exploration blocks covered under the Agreement to acquire SEYCO Energy Pty Ltd are situated in a prospective area in shallow waters covering approximately 20,700 square kilometers (approximately 5 million acres) off the southern coast of the Seychelles.

More than A$7 million of historic seismic and other exploration activities undertaken over the blocks has identified 20 mapped structures, which will be the focus of the current seismic program. The seismic vessel is currently in the Seychelles and due to commence data acquisition within days.

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FURTHER INFORMATION

Shareholders / Investors

Media

David Rowbottam Colin Hay WHL Energy Ltd Professional Public Relations T: +61 8 6500 0271 T : +61(0) 9388 0944 E: contact@whlenergy.com.au E: colin.hay@ppr.com.au