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                                                  [phone]
Brian Hall - Chief Executive



Pelham Public Relations                                     [phone]
Archie Berens


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