ZIMI LIMITED — Capital/Financing Update 2011

May 4, 2011

==> picture [221 x 86] intentionally omitted <==

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 5 MAY 2011

WHL ENERGY REPORTS COMPLETION OF LARGEST EVER SEYCHELLES SEISMIC ACQUISITION PROGRAM

Highlights:

• Seismic acquisition over WHL Energy acreage completed as part of largest ever Seychelles seismic program

• Initial seismic data now available to WHL Energy and under technical review

• The Initial review of the first data delivered indicates high quality seismic data collection achieved

• Data interpretation will refine drilling targets for 2012 program

• Company continuing farm-out discussions

Australian energy company WHL Energy Limited ( ASX: WHN ) (“ WHL Energy ” or “ the Company ”) is pleased to announce that the largest seismic acquisition survey program ever conducted in the Republic of the Seychelles, comprising of a 19,609km 2D seismic survey (143 lines), has been successfully completed by Fugro Data Services AG (“ Fugro ”) and Geomahakarsa Ltd.

This survey, using the vessel “Geo Artic”, was conducted on a collaborative basis with the Republic of the Seychelles. In total WHL Energy commissioned 7,887km of 2D Seismic acquisition (of the total) over 16 leads found within its large Seychelles holdings. Initially WHL Energy had only intended to acquire 7,000km of 2D seismic, however as announced on 18 April 2011, the Board commissioned the acquisition of further 887km based on the positive results following the initial seismic data review and an Independent Expert Report from Isis Petroleum Consultants Pty Ltd (“ Isis ”).

Isis’ 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 .

WHL Energy Ltd Chief Executive Officer, Mr. David Rowbottam, commented: “With the 2D seismic acquisition campaign over our project area now complete we expect to receive all required data within the coming weeks, at which time interpretation will begin.”

“Interpretation of that highly valuable data will enable the Company to aggressively progress the refinement of key drilling targets for a proposed farm-out in early 2012 ahead of the drilling program targeted for late 2012”Mr Rowbottam said.

End.

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

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 20,700km[2 ] 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 .