Approval of Farm-Out

Aminex PLC 30 May 2007 30 MAY 2007 AMINEX PLC ("Aminex" or the "Company") Approval of Farm-Out Aminex PLC announces that it has secured formal approval from the authorities in Tanzania to farm-out a 25% interest in the Nyuni / East Songo Songo Production Sharing Agreement ("Nyuni PSA") offshore Tanzania. The farm-out, details of which were announced to shareholders on 15 May, was conditional only on this approval. RAK Gas will pay 37.5% of the cost of two wells at Nyuni to earn its 25% interest. RAK Gas is incorporated in Ras Al Khaimah, a member state of the United Arab Emirates, under the chairmanship of His Highness Shaikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah. RAK Gas has other exploration and production efforts currently underway in Tanzania. After the farm-out the interest owners in the Nyuni PSA will be: Ndovu Resources Ltd. (100% Aminex subsidiary - operator) 39% Key Petroleum Ltd. 20% RAK Gas Ltd. 25% Bounty Oil & Gas Ltd. 6% East Africa Exploration Company Ltd. 10% Commenting on the announcement, Aminex CEO Brian Hall said: "This approval completes the terms of the farm-out agreement and we welcome RAK Gas as a partner in the Nyuni joint venture. The Caroil-6 drilling rig will be released to the Nyuni PSA as soon as it has completed a nearby well on behalf of another operator which it is currently drilling. The Nyuni PSA partners have contracted the Caroil-6 rig to drill two back-to-back wells over the licence this year and plans are well advanced." END Enquiries: Aminex PLC +44 (0) 20 7291 3100 Brian Hall - Chief Executive Pelham Public Relations +44 (0) 20 7743 6679 Archie Berens This information is provided by RNS The company news service from the London Stock Exchange