ZIMI LIMITED — Capital/Financing Update 2012

Apr 4, 2012

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WHL Energy Ltd ABN: 25 113 326 524 Level 2, 22 Delhi Street West Perth, WA 6005 P.O. Box 1042, West Perth Western Australia 6872

T: +61 8 6500 0271 F: +61 8 9321 5212 www.whlenergy.com

ASX/MEDIA RELEASE 5[th] April 2012

WHL ENERGY RAISES $7.940M TO UNDERPIN ITS 2012 EXPLORATION PROGRAM OFFSHORE SEYCHELLES

Highlights:

• WHL Energy Raises $7.940m

• Strong demand for the Placement from Australian and International institutional and retail investors

• Funds raised to underpin the 2012 forward work program in the Seychelles, including 2D infill seismic to firm up a number of selected high grade prospects.

Oil and Gas exploration company WHL Energy Ltd ( ASX: WHN )(“ WHL Energy ” or “ the Company ”) is pleased to announce that it has resolved to raise up to approximately $7.940 million through the placement of up to 180,450,000 ordinary shares at 4.4 cents per share to Australian and International institutions along with sophisticated and professional investors (“the Placement”).

WHL Energy received very strong support for the Placement from many Australian and International institutions. Lead manager for the capital raising was Hartleys Limited with comanager GMP Securities.

Commenting on the success of the Placement, WHL Energy’s Managing Director Steve Noske stated: “The strong support for the Placement from institutions demonstrates the significant level of investor interest in WHL Energy. Our Board viewed the Placement of shares to Australian and International institutions as a significant step in raising the Company’s wider investor profile. The Company is now fully funded through the 2012 forward work program in the Seychelles which includes 2D infill seismic to firm up preferred prospects for drilling in 2013. Whilst our partnering discussions in the Seychelles remain on track, the strengthening of the Company’s funding position supports these discussions”.

The Placement is not subject to shareholder approval as it falls within WHL Energy’s 15% capacity under ASX Listing Rule 7.1.

Ends

FURTHER INFORMATION Shareholders/Investors: Media contact: 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

About WHL Energy Limited

ASX-listed WHL Energy Ltd (ASX: WHN) is an oil and gas exploration company focussed on East Africa.

The Company’s “flagship” project is its 21,426 km[2] exploration area offshore Seychelles, owned 100% by WHL Energy. A highly material exploration portfolio and new exploration concepts are being matured in the acreage based on new seismic data and an exploration drilling program is expected in the second half of 2013.

WHL Energy will hold 100% equity in the La Bella release block V11-2 , which lies in the offshore Otway Basin, approximately 200 km WSW of Melbourne off the Victorian coastline. The block contains the undeveloped La Bella gas field in proximity to the Victorian gas market, and several nearby exploration prospects.

The Company also holds 33.33% equity in exploration permit WA-460-P, in the offshore southern Carnarvon Basin, which contains an extension of the very large Palta Prospect. A Shell led Joint Venture is expected to drill Palta-1 in the adjacent block during the second half of 2012.

The Company is actively investigating growth opportunities in the wider East African region.