Appointment of Joint Broker

3 August 2011

Wildhorse Energy Ltd ('WHE' or 'the Company'), the AIM and ASX listed company focussed on developing underground coal gasification ('UCG') and uranium projects in Central Europe,is pleased to announce the appointment of Liberum Capital Limited ('Liberum') as joint broker to the Company with immediate effect.

WHE Managing Director Matt Swinney said, "I am delighted to announce the appointment of Liberum as joint broker to the Company alongside our existing broker GMP Securities Europe LLP, and look forward to benefitting from the teams' combined expertise in the energy sector. Liberum has extensive relationships with natural resource investors in the UK and internationally, making it an ideal addition to our advisory team as we develop our strategy to become a leading supplier of fuel in Central Europe through the development of UCG and uranium assets."

**ENDS**

For further information please visit www.wildhorse.com.au or contact:

Further Information on Wildhorse:

Wildhorse Business Model

The WHE business model is focussed upon applying UCG technology to convert coal into syngas and then selling the syngas to power stations as a gas feedstock. The development and expansion of the UCG portfolio is underpinned by a potentially world class uranium project which the Company is advancing with its Hungarian uranium development partners Mecsek-Öko and Mecsekérc, with the support of the Hungarian Government. 

Business Strategy

The Company's business strategy is to become a major supplier of gas feedstock to power stations in Central Europe. WHE's project development strategy is based primarily upon acquiring strategic UCG sites in key locations in Central Europe where gas markets are dominated by Russian gas imports, energy security is a major factor for governments and large scale industrial consumers of gas and gas prices are correspondingly high. The expansion is underpinned by the development of the Mecsek Hills Uranium Project.

UCG Projects

·; Three UCG licence areas with a combined acreage of 490.5 sq km in known coal regions

·; The Mecsek Hills Gas Project has a JORC Inferred Resource of 81 Mt (80.6 Mt, see table below)) for the Komló target area and a current Exploration Target of between 1 - 1.25 billion tonnes of coal at 18.8 to 29.3 GJ/t, located in a historical coal mining district in southern Hungary

·; The Izabela Gas (UCG) Project is a 47.5 sq km coal licence (containing 160 historic drill holes) located in a historic coal mining district in northern Hungary

·; The Amelie Gas Project is a 25 sq km coal exploration licence (containing 84 historic drill holes) located in an historical coal mining district in Western Hungary and 10 km from a power station

CSA has based the Coal Resource on 1m cut off which represents a minimum level that is likely to be extractable using UCG methods. The Coal Resource is reported for coal likely to be present in a 2km radius of CH2A excluding areas already subjected to underground and open cast mining. The estimate was made using Ordinary Kriging.

Uranium Project

·; The Mecsek Hills Uranium Project in southern Hungary currently has an Inferred Resource of 48.3 Mt at 0.072% U3O8 for 77 Mlbs of U3O8 and an Exploration Targetof 55 to 90 Mlbs of U3O8 with a grade range of 0.075 - 0.10% U3O8. The Project is comprised of the WHE owned Pécs and Abaliget licences and the adjoining Mecsek Mining Lease East ('MML-E') licence owned by Mecsek-Öko.

Note: Figures have been rounded

* Pećs licence wholly owned by Hungarian subsidiary Wildhorse Energy Ltd.** The MML-E Inferred Resource is located on a licence which is owned by Mecsek-Öko and subject to the co-operation agreement with WHE. WHE does not yet have full rights to this resource.

For and on behalf of the Board

Competent Persons Statement

The geological modelling and estimation of the Exploration Target of 1-1.25 billion tonnes of coal at 18.8 to 29.3GJ/t for Wildhorse Energy Limited's Mecsek UCG Project was completed under the overall supervision and direction of Mr Alan Millar BSc. MSc. MAusIMM, who was a full time employee of CSA Global Pty Ltd and is a Competent Person as defined by the Australasian Code for the Reporting of Mineral Resources and Ore Reserves (JORC Code) 2004 Edition. Alan Millar consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Coal Resources is based on information compiled by Adrian Nurcahyo M AusIMM and Dr Bielin Shi MAusIMM, MAIG. Dr Bielin Shi has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Mineral Resources and Ore Reserves". Dr Shi consents to the inclusion of such information in this report in the form and context in which it appears.

The information in the report to which this statement is attached that relates to the Mecsek Hills Uranium Project Mineral Resource is based on information compiled by Mr Lauritz Barnes and Mr Neil Inwood. The geological modelling and estimation of the Exploration Target for the Mecsek Hills Uranium Project of 55 to 90 Mlbs of U3O8 with a grade range of 0.075 to 0.10% U3O8 was also compiled by Mr Barnes and Mr Inwood. Messrs Barnes and Inwood are both Members of The Australasian Institute of Mining and Metallurgy. Mr Barnes is an independent consultant and Mr Inwood is employed by Coffey Mining. Mr Barnes is the Competent Person responsible for the database, modelling, estimation methodology and Classification. Mr Inwood has reviewed the resource estimate and consents to take dual responsibility for the estimation methodology and Classification. Both Messrs Barnes and Inwood and have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Barnes and Mr Inwood consent to the inclusion in the report of the matter