ZIMI LIMITED — Capital/Financing Update 2013

Jun 4, 2013

==> picture [224 x 87] intentionally omitted <==

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 05 June 2013

WHL ENERGY SEYCHELLES FARMIN UPDATE

Highlights:

• Strong progress made towards formalising of farmin agreement

• Non-binding LOI agreed with potential farminee remains subject to Seychelles Government approval and other legal and commercial due diligence

• Potential farminee remains committed to the Seychelles

• Potential farminee is a top 100 Global Fortune 500 Company with internationally recognised, exploration and production operational experience

Australian energy company WHL Energy Limited ( ASX: WHN ) (“ WHL Energy ” or “ the Company ”) is pleased to announce that negotiations with the Government of the Republic of the Seychelles have made strong progress and approval of the Joint Venture and proposed amendments to the Petroleum Agreement are close to finalisation.

The terms of the Letter of Intent (LOI) with the potential farminee to WHL Energy’s Seychelles project remain subject to Seychelles Government approval and other separate legal and commercial due diligence items. The LOI will remain non-binding and is subject to all the conditions precedent being completed before progressing to a farmin agreement.

Mr Steve Noske, the Managing Director of WHL Energy, said “WHL Energy’s Board of Directors appreciates the patience of the potential farmin partner and the Company’s shareholders as the due diligence phase and Government approvals process continue to progress. The Company also appreciates the responsiveness and understanding of the Seychelles Government in its diligence to turn around the approval of the proposed amendments.

“The Company remains hopeful that formal approval from the Seychelles Government will permit the satisfaction of the outstanding due diligence items by the end of this month.”

Ends

8518471/1

FURTHER INFORMATION Shareholders/Investors: David Rowbottam WHL Energy Ltd T: +61 8 6500 0277 E: contact@whlenergy.com

Media contact: Colin Hay Professional Public Relations T: +61 8 9388 0944 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 17,345 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. The Company continues to progress a farmin proposal from a Global Fortune 500 Company before reviewing the timing of the planned exploration drilling program

WHL Energy also holds 100% equity in Exploration Permit VIC/P67 in the offshore Otway Basin, approximately 200 km WSW of Melbourne off the Victorian coastline. VIC/P67 contains the undeveloped La Bella gas field in proximity to the Victorian gas market, and several nearby exploration prospects.

The Company in addition 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 has commenced drilling the Palta-1 well in the adjacent block, with an expected completion in Q1 2013.

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

8518471/1