Farm-Out Update

Aminex PLC
21 March 2007






21 MARCH 2007



                                   AMINEX PLC

                          ("Aminex" or the "Company")

   NYUNI / EAST SONGO SONGO PRODUCTION SHARING AGREEMENT, TANZANIA - FARM-OUT
                                     UPDATE

Aminex, the oil and gas company listed on the London and Irish Stock Exchanges,
announces that its farm-out of a 20% interest in the Nyuni / East Songo Songo
licence in Tanzania to Key Petroleum Ltd. ("Key"), announced to shareholders on
5 February 2007, has been finalised. The two outstanding conditions of the
farm-out, being (1) completion of an underwriting agreement for a proposed
financing by Key and (2) formal consent from the Government of Tanzania, have
now been met.

Aminex also announces that East Africa Exploration has now completed its
obligations under a seismic programme on the Nyuni / East Songo Songo PSA at a
cost of $2 million and has now earned a 10% working interest in the PSA.

Interest owners are:

Ndovu Resources Ltd. (Aminex subsidiary) 64%

Bounty Oil 6%

Key Petroleum 20%

East Africa Exploration 10%

END



Enquiries:



Aminex PLC                                                     [phone]
3100

Brian Hall - Chief Executive



Pelham Public Relations                                  [phone]

Archie Berens


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