Update

White Nile Limited
05 July 2007

         White Nile Ltd / Ticker: WNL / Index: AIM / Sector: Oil & Gas



5th July 2007

                 White Nile Ltd ('White Nile' or 'the Company')

                               Update on Activity



White Nile Ltd, the AIM listed oil and gas exploration company, is pleased to
announce an update on it activities in Ethiopia, where it has a Joint Study
Agreement with the Ethiopian Government's Petroleum Operations Division, over
the prospective East African Rift system in the southwest of the country.



The Company's area of interest is in Southern Ethiopia in the area known as the
Southern Rift Basins. As part of the exploration programme, ground geophysical
surveys, including magneto-tellurics and gravity, have now been completed in the
Omo River area to the north of Lake Turkana. This data is being used to
determine basin disposition and depth in this critical area of interference
between three proven petroliferous basin trends known as the Turkana Depression.
Early results of the interpretation are encouraging and have revealed deep
basins, potentially containing sedimentary section similar to that of the
petroliferous Muglad and Melut Basins of Southern Sudan.



The next stage in the development of the Company's Ethiopian project is to
finalise the interpretation of the data collected, which will identifying the
areas that White Nile wishes to translate into a PSA. Following this the Company
will design a reconnaissance 2D seismic programme to identify drill targets.



Additionally, White Nile would like to update the market on developments in
Southern Sudan in relation to Block Ba. Company Chairman Phil Edmonds recently
returned from a meeting in Juba, the capital of Southern Sudan, where he met
with the Vice President of the Government of Southern Sudan ('GOSS'), Dr Riek
Machar, and Paul Mayom, the Minister of Interior and Chairman of Nile Petroleum
Corp ('NilePet'), the Government of Southern Sudan's state owned petroleum
company. Both the Vice President and the Chairman of Nilepet were members of the
Joint Executive Committee of Northern and Southern Sudanese representatives
recently convened to discuss oil and other issues in Sudan as a whole. Both men
confirmed the proposed formation of a new oil consortium with regard to Block B
in Southern Sudan comprising NilePet, White Nile, Total SA, Kuwait Foreign
Petroleum Exploration Company and Sudan National Petroleum Corporation ('SudaPet
'), the state owned oil company of northern Sudan.



NilePet is White Nile's largest shareholder with 155 million shares and has two
representatives on the Company's board. Its chairman has requested that a White
Nile board meeting be convened in Juba at the earliest opportunity, followed by
a meeting with NilePet to discuss matters relating to further strengthening the
relationship between NilePet and White Nile. One item on the agenda will be the
fast tracking of the strategy of the two parties to work more closely to create
an oil company focussed on Southern Sudan and the immediate region.



White Nile Chairman Phil Edmonds said, 'Exploration in Ethiopia is part of White
Nile's strategy of building a regional oil company focussed on Southern Sudan
and neighbouring countries. These recent results are encouraging and the
geological similarities with White Nile's areas of activity in Southern Sudan
are increasing our levels of confidence in the prospectivity of our project area
in Ethiopia.



'As part of our expansion policy, we are working closely with the GOSS and Nile
Pet, to broaden our areas of activity in Southern Sudan and the immediate
region. NilePet is White Nile's major shareholder and with the strong working
relationship I believe we can fulfil our expansion objectives.  With access to
the world's capital markets, White Nile can provide the international investment
that is crucial in the development of both our Company and NilePet in becoming
major entities within our mutual areas of interest and beyond.'



                                * * E N D S * *



For further information please visit www.whitenile-ltd.com or contact:

Phil Edmonds               White Nile Ltd                  Tel: [phone]
Jonathan Wright            Seymour Pierce Ltd              Tel: [phone]
Hugo de Salis              St Brides Media & Finance Ltd   Tel: [phone]




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