Drilling Update

Aminex PLC
25 February 2008

25 FEBRUARY 2008





                             AMINEX DRILLING UPDATE


                           TWO NEW WELLS NOW SPUDDED


Aminex PLC ("Aminex" or the "Company") announces that two further wells in its
current programme have been spudded over the last three days.


In Tanzania the Kiliwani North-1 well ("KN-1") commenced drilling on Saturday 23
February from Songo-Songo Island offshore Tanzania using the Caroil-6 land rig.
The well is located roughly 2 km from the producing Songo-Songo gas field in the
southern part of the island and will be drilled as a vertical exploration well
to a depth of approximately 2,000 metres.  KN-1 has been designed firstly to
intersect a possible new oil play for the Nyuni block in Palaeocene sands and
secondly to investigate the Lower Cretaceous (Neocomian) sand stones which are
the reservoir at the Songo-Songo producing gas field.


Moving the rig from Kiliwani Island to Songo-Songo Island and rig-up has been
achieved well ahead of the provisionally estimated time and experience gained
from the last well drilled will be put to good use during the drilling of KN-1.


Participants in KN-1 well are:

Ndovu Resources Ltd. (Aminex)                             39%   (Operator)

RAK Gas Commission                                        25%

Key Petroleum Ltd.                                        20%

East African Exploration Ltd.                             10%

Bounty Oil and Gas NL                                      6%


In Egypt the Malak-1 well in West esh el Mellahah Block 2 ("WEEM-2") commenced
drilling on Friday 22 February using the ZJ-46, a new-build 2,000 HP rig
recently arrived in Egypt, owned and operated by the Shengi-Bohai Drilling
Company of China.  This vertical well is located on the Malak prospect and will
be drilled to a total depth of 3,800 metres which is expected to take
approximately 30 days. Malak-1 will be immediately followed by a second well
using the same rig.  Depending on well results, a third and further wells could
be drilled immediately after completion and testing of the first two.  The joint
venture participants are Aminex Petroleum Egypt Ltd. (operator, 80%) and
Groundstar Resources Ltd. (20%).  Shareholders with Aminex PLC in Aminex
Petroleum Egypt Ltd. are Volant Petroleum, First Energy, Sinopex and FS
International Corporation.  Aminex PLC has a 10% beneficial interest in the
WEEM-2 permit which is free-carried by other interest holders through to first
commercial production.


WEEM-2 is in the onshore part of the highly productive Gulf of Suez region,
close to the coastal town of Hurghada.  The ZJ-46 rig is available to the joint
venture on a call-out basis for an eighteen month period.


Aminex chairman Brian Hall commented:  "After many months of careful
preparation, these two important wells have coincidentally been spudded within
24 hours of each other and should take approximately the same time to drill.
Aminex is currently involved in a major drilling campaign for which new funds
were raised in 2007.  Shareholders will be kept advised of significant events.
A map of the WEEM-2 area showing the Malak-1 location will be posted on the
Company's website in the near future" .



For further information:


Brian Hall                  Aminex                      [phone]

Archie Berens               Pelham PR                   [phone]



ENDS


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