Company Information for Wild Horse Energy Ltd

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ASX; WHE

Company Statement

WildHorse Energy is an Australian listed international uranium development company. It aims to provide sustainable returns to its investors through its development of a portfolio of uranium projects. WildHorse aspires to be a uranium production and development company, with a portfolio of operations and advanced exploration projects in the two largest uranium markets in the world: Europe and the United States. Its projects will be in production by 2010 and well beyond.

To achieve this, WildHorse is rapidly progressing a series of quality projects associated with historically producing mines; establishing an executive team capable of evaluating, planning and developing mining projects; and attracting investors committed to the development of the company in a rapidly changing industry.

The company’s key target is to have 100 mlbs (45,000 tonnes) of JORC compliant resources under its control by the end of 2008. These resources will provide the critical mass (ie. a limited number of projects) to progress through feasibility study to commencement of mining operations in 2010.

WildHorse will reach this target through a combination of organic growth around its existing projects, and growth through merger and acquisition, provided any such transaction has a positive impact on the Company’s value.

Current Operations

Wyoming Projects
WildHorse owns two projects in Wyoming:

Sweetwater Project
Bison Basin Project

Both projects are located in the Red Desert Region within the Great Divide Basin of Wyoming. The mineralisation in the area is contained in roll-front deposits and the host rock is permeable sandstone.

The Sweetwater Project encompasses 48km2 (11,880 acres) of land containing historic uranium mineralisation trends. These trends run alongside the Sweetwater Uranium Mine and Mill complex, owned by Rio Tinto.

The Bison Basin Project consists of 32km2 (7800 acres) of land, which covers a large part of the area that was previously operated Ogle Petroleum’s ISL mine.

Both the Sweetwater and Bison Basin Projects will be evaluated for their potential as in situ leach (ISL) operations. This mining technology is used widely in the uranium industry. It minimises ground disturbances and allows rehabilitation of mined areas in relatively short periods of time.

An initial JORC inferred resource of 1.8Mlbs has been delineated at the Bison Basin project and a scoping study has commenced. Confirmatory drilling is currently underway to upgrade this resource to the indicated category. An additional drilling program is planned for Q4 2007, which together with historical geological data should result in an increase in the resource base.

Two drilling programs were completed at the Sweetwater project in 2007. A third phase of drilling in the second half of 2007 will enable the delineation of an initial JORC resource

Hungarian Projects
WildHorse has four 100% owned projects in the Western Mecsek Mountains, near the town of Pécs and approximately 170 km south southwest of Budapest.

WildHorse’s Pécs project is adjacent to the Mecsek deposit which was first discovered in 1954. Production commenced in 1956 and the mining and milling operations at the Mecsek site were shut down at the end of 1997. Cumulative production of uranium from the Mecsek site was approximately 46Mlbs (21,000t) of uranium metal. The mine site and surrounding area have been subject to comprehensive rehabilitation in recent years.

The Pécs Project is the Company’s primary focus in Hungary Pécs and consists of 43km2 (10,600 acres) of previously explored ground with extensive uranium mineralisation. WildHorse recently announced an initial JORC resource of 30Mlbs of U3O8 and the commencement of a Scoping Study. Based on historical drilling results, the Company believes there is considerable potential to increase this resource. In order to realise this potential and upgrade the current inferred resource to indicated, a drilling program is planned to commence early in 2008.

The Bátászék Project consists of 189km2 (46,592 acres) of previously explored ground with uranium mineralisation and exploration potential. The Dinnyeberki Project consists of 10.5km2 (2600 acres), previously drilled with experimental in situ leach (ISL) testing carried out. Máriakéménd is an early Project consisting of 177km2 (43,739 acres) with the potential to host a resource of similar scale to Pécs. The Hungarian state conducted some preliminary exploration work on Máriakéménd in the 1980s.

WildHorse has established programs of work for Bátászék, Dinnyeberki and Máriakéménd, involving data analysis, surveying, drilling, scoping and pre-feasibility studies, environmental impact assessments and community engagement processes.

Paraguay
WildHorse Energy Limited (ASX:WHE) has been awarded a concession covering 3,500km2 (865,000 acres) in the Parana Basin, Paraguay, granting the company the rights to immediately commence a planned exploration program.

The concessions contain known uranium mineralisation, based on historical exploration. Subject to the successful completion of exploration, WildHorse has the right to convert its concession to a mining permit.

In a Joint Venture with Korea Electric Company (KECO), Anschutz, a private Denver based company, carried out a three year exploration program between 1978 and 1981. This program comprised extensive field work, including geochemical and geophysical analysis. It identified redox fronts and after spending in the order of US$25 million over three years, Anschutz identified an area with the potential to host a brand new uranium province with the possibility of containing several, 20 million pound roll front style deposits.

WildHorse has been able to licence part of the more extensive area originally held by Anschutz and believes it has an excellent opportunity to develop a new uranium province in the Paraguayan segment of the Parana Basin. The Company is in the process of reviewing the historical data with a view to identifying targets for resource definition drilling.

In addition to our current projects, WildHorse continues to vigorously pursue emerging opportunities elsewhere in Europe, the US and Paraguay.

Geographical Spread

Board of Directors and Key Management

Mr Mark Hughes - Non Executive Chairman

Qualifications: BComm, ACA

Mr Hughes is an experienced finance and commercial director in the mining industry, having held the role as General Manager Commercial at Rio Tinto Limited’s iron ore business in Western Australia and as Chief Financial Officer at Iluka Resources Limited, one of the largest mineral sands mining and processing companies in the world. In a 12 year career with Rio Tinto Limited, Mr Hughes was a finance executive at the head office in London and Melbourne, and a director of Energy Resources of Australia Limited, Australia’s largest uranium mining company. Mark was also a member of Rio Tinto’s teams during the takeovers of North Ltd and Ashton Mining Limited. Mr Hughes is on the Board of the Parker Centre, Cooperative Research Centre for Hydrometallurgy.

Mr Richard Pearce - Managing Director

Qualifications: BSc, MBA

Richard has more than 15 years experience in the minerals industry, working for Rio Tinto Limited and related service companies. He has worked in operational, technical and commercial roles within Rio Tinto Limited including roles with Kennecott Energy Company (Rio’s subsidiary based in Wyoming, USA), Rio Tinto Exploration in London and Hamersley Iron in Western Australia. Richard was a joint founder of Oyster Consulting Pty Ltd, a specialist Minerals Industry Business Consultancy, with a team of 15 consultants working across Africa, Australia, and Asia. Most recently, Richard was Managing Director of Nova Energy Limited, an ASX listed uranium exploration company based in Western Australia. Richard received a MBA from the Australian Graduate School of Management. He studied Geophysics at the University of Exeter, UK, graduating with honours. Richard also studied Project Finance at the Royal School of Mines, Imperial College, London and geostatistics at the Ecole de Geostatistique, Fontainebleau.

Mr Henry Neugebauer - Technical Director

Qualifications: MSc, MBA, PEng

Henry is an experienced uranium exploration geologist with some 40 years relevant experience in uranium, gold and base metal exploration and development. He was Exploration Manager for Chevron Resources Inc (a non-conventional energy and metals subsidiary of Chevron Corporation). In the USA he was involved with the Panna Maria uranium mine in Texas and worked on developing the Kings River uranium project in Nevada. As manager of a consortium including ENUSA, Banco Santander and Chevron in Spain, he oversaw the development of sedimentary hosted uranium projects in Spain. During the past 20 years, Henry has been a director and/or president of several Toronto Stock Exchange listed junior exploration companies in North and South America including Zamora Gold Corp, Tombstone Explorations Inc, Orinoco Gold Inc, MarWest Resources Inc, Balaclava Mines Inc, and Prospector Consolidated Resources Inc. MarWest Resources Inc developed and discovered the 1.5 million ounce San Martin gold deposit which led to the sale of MarWest Resources Inc to Glamis Gold Ltd. Henry provides extensive technical expertise to WildHorse and assists in the identification and evaluation of projects worldwide.

Ian Gregory – Company Secretary

Ian Gregory has over 24 years experience in company secretarial and business administration services in a variety of industries, including exploration, mining, mineral processing, oil and gas, banking, insurance and aquaculture. He is Chairman of the Western Australian Branch Council of Chartered Secretaries Australia and a Member of its National Council.

Mr Craig Burton - Non Executive Director

Qualifications: BJuris, LLB, MAICD

Craig is an experienced and active investor in start-up projects and businesses, both public listed and private. Over the last 15 years he has co-founded numerous development companies, with a focus upon the resources, oil and gas, mining services and agribusiness sectors. He often takes on a commercial executive role to assist the early development of such companies. Craig was a co-founder of Albidon Limited, Sally Malay Mining Limited and Energy Ventures Limited. He has a Bachelor of Laws degree from the University of Western Australia and is a member of the Australian Institute of Company Directors.

Mr Bruce Larson - Non Executive Director

Qualifications: A Dip Eng

Mr Larson is an experienced executive in the mining industry having worked in the Rio Tinto Group for 21 years. His particular skills are in community and external affairs, having been the General Manager for Rio Tinto Limited’s extensive West Australian assets from 1995 to 2006. Mr Larson has led numerous cultural and community affairs teams, and negotiated many agreements with a diverse range of communities. Mr Larson was closely involved with the Kintyre Uranium project in Western Australia. He managed many aspects of community, environmental and external affairs and native title negotiations, as well as marketing development. He has a working knowledge of the nuclear power generation industry in the United States and the United Kingdom, through his work at Rio Tinto Limited and as a Board member of the Uranium Information Centre.

Ms Sashi Davies - Consultant to the Board

Qualifications: BSc, MBA

Ms Davies is an experienced professional in the nuclear and uranium industries. Her experience over 25 years covers nuclear reactor operations, uranium marketing and consulting, for some of the major corporations in the industry, including Nufcor Ltd and Rio Tinto Ltd. Ms Davies’ role with WildHorse will be to provide strategic advice on particular aspects of the mining and nuclear generation industries, to ensure that the Board is well abreast of market demands, and able to make informed and effective decisions.

Company Address

Suite 1.3, 9 Havelock Street
West Perth, Western Australia, Western Australia, Australia 6005


Telephone:	+61 (0)8 9389 2000
Facsimile:	+61 (0)8 9389 2099
Email:	rpearce[at]wildhorse.com.au
Website:	http://www.wildhorse.com.au

Annual General Meeting

25 October 2007 at 10:30am
WA Club
101 St Georges Terrace
PERTH
WA 6000

Year End

30 June

Nominated Brokers

Argonaut
Level 30, Allendale Square
77 St Georges Terrace
PERTH WA 6000

Broker/Analyst Reports

16/05/07 - Argonaut Report

Major Shareholders

Macquarie Bank	10.1%
Goldman Sachs	7.5%
Consolidated Press Holdings (James Packer)	7.3%
Argonaut Investments	6.9%
Geiger Counter Fund	5.4%
Founders & Directors	22.7%

(fully diluted)

Most Recent Statement

19/06/08 - Dinnyeberki
21/02/08 - Exploration Drilling Paraguay
18/02/08 - Exploration Drilling Bataszek
07/02/08 - WILDHORSE STRENGTHENS TECHNICAL TEAM
31/01/08 - Quarterly activities and cash flow report
21/01/08 - Pecs Project Update

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