Progress Report

Aminex PLC
28 January 2004

                                    AMINEX PLC
                          ("Aminex" or "the Company")

Aminex PLC, the oil and gas company listed in London and Dublin, provides a
further progress report for the Nyuni-1 well, offshore Tanzania.

Intermediate wireline logging to 3,365 metres subsea was temporarily suspended
as existing equipment was unable to pass beyond an obstruction at approximately
2,657 metres.  After several attempts, specialist logging equipment was
mobilised from overseas.  While waiting for the equipment, drilling has
continued to a depth of 3,679 metres.  Preparations are now underway to
re-commence logging operations with the newly-arrived specialist logging
equipment.


Partners in the Nyuni Block are:

Ndovu Resources Ltd*                  60% (Operator; a subsidiary of Aminex PLC)
Petrom SA                             30%
Bounty Oil & Gas NL                   10%

                                                                 28 January 2004


ENQUIRIES:

Aminex PLC                                           Tel: [phone]
Brian Hall

College Hill                                         Tel: [phone]
James Henderson


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