Wentworth Resources announce pre-emption update regarding acquisition of Cove Energy's interest in Mnazi Bay Concession

Further to the announcements on January 30, 2012 and February 1, 2012, regarding Wentworth's proposed acquisition of Cove Energy 16.38% participation interest in the production operations (20.475% participation interest in exploration operations) in the Mnazi Bay Concession (the "Transaction" and the "Concession" respectively), the Company is pleased to provide the following update:

• The Government of Tanzania has approved the Transaction
• Concession partner and operator, M&P Exploration and Production Tanzania Limited ("M&P"), has elected to exercise its right of pre-emption under the Joint Operating Agreement
• M&P's election to exercise its right of pre-emption is subject to government approval, and
• Concession partner, Tanzania Petroleum Development Corporation ("TPDC"), has elected not to exercise its right of pre-emption.

Pre-emption affect on the Participation Interest in the Concession

Upon receipt of government approval of M&P's pre-emptive election and consideration from M&P to Wentworth for their prorata share (60.075%) of the cash equivalent value of the Transaction (approximately US$38.8 million) the Concession partnership will be as follows:

Managing Director, Geoff Bury, commented:

"We welcomed the opportunity to acquire a larger stake in Mnazi Bay and are supportive of M&P's decision to acquire its prorata share of Cove Energy's interest, as it reflects our own confidence in and commitment to this concession. We wish to thank the Government of Tanzania and TPDC for their professionalism and swift action to approve our initial Transaction and we look forward to reporting our current drilling progress to all our stakeholders."