Wentworth Resources Limited : Completion of the Acquisition of Cove Energy's Interest in the Mnazi Bay Concession, Tanzania

JULY 27, 2012 WENTWORTH RESOURCES LIMITED ("Wentworth") COMPLETION OF THE ACQUISITION OF COVE ENERGY'S INTEREST IN THE MNAZI BAY CONCESSION, TANZANIA Further to Wentworth's earlier announcements on January 30, 2012, February 1, 2012, April 26 2012, and the latest on July 16, 2012, regarding Wentworth's acquisition of Cove Energy plc's ("Cove Energy") 16.38% participation interest in the production operations (20.475% participation interest in exploration operations) in the Mnazi Bay Concession (the "Concession") and Maurel et Prom's ("M&P") pre-emption rights (collectively the "Transactions"), Wentworth is pleased to confirm that the Transactions are now complete. Wentworth has now received from M&P cash consideration of US$ 18,860,302, and the respective interests in the Concession are now as follows, with the exception of Wentworth paying 11.98% of the next US$8.8 million of capital expenditures:   Percentage Interest in Percentage Interest in Partner Development and Production Exploration M&P (operator) 48.06 60.075 Wentworth 31.94 39.925 TPDC 20.00 - As a result of the Transactions Wentworth will issue 2,000,000 new, fully paid shares to Cove Energy. Application has been made to the London Stock Exchange for these 2,000,000 shares to be admitted for trading. There is no lock-in period for the shares which are expected to be admitted on July 31, 2012. Following the issuance, the total number of issued and outstanding shares in Wentworth will be 82,469,940 common shares, each with no nominal or par value. All shares of Wentworth are validly and legally issued and properly registered. ENDS Enquiries: Wentworth Bob McBean, Executive Chairman rpm@wentworthresources.com     Eric Fore, Finance, Investor & etf@wentworthresources.com Public Relations Manager Panmure Gordon Nominated adviser & broker +44 (0) 20 7459 3600     Katherine Roe Charlie Leigh-Pemberton FirstEnergy Broker +44 (0) 20 7448 0200 Capital   Majid Shafiq Travis Inlow College Hill Investment relations adviser +44 (0) 20 7457 2020     Nick Elwes Catherine Maitland Alexandra Roper Axxept Investment relations adviser +47 (0) 99 22 0200     Per Arne Totland About Wentworth Resources Wentworth Resources is a publicly traded (AIM:WRL, OSE:WRL), independent oil & gas company with:  natural gas production; midstream assets; a committed exploration and appraisal drilling programme; and large-scale gas monetisation project opportunities, all in the Rovuma Delta Basin of coastal southern Tanzania and northern Mozambique. FORWARD LOOKING STATEMENTS This press release may contain certain forward-looking information.  The words "expect", "anticipate", "believe", "estimate", "may", "will", "should", "intend", "forecast", "plan", and similar expressions are used to identify forward looking information. The forward-looking statements contained in this press release are based on management's beliefs, estimates and opinions on the date the statements are made in light of management's experience, current conditions and expected future development in the areas in which Wentworth is currently active and other factors management believes are appropriate in the circumstances. Wentworth undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless required by applicable law. Readers are cautioned not to place undue reliance on forward-looking information. By their nature, forward-looking statements are subject to numerous assumptions, risks and uncertainties that contribute to the possibility that the predicted outcome will not occur, including some of which are beyond Wentworth's control.  These assumptions and risks include, but are not limited to: the risks associated with the oil and gas industry in general such as operational risks in exploration, development and production, delays or changes in plans with respect to exploration or development projects or capital expenditures, the imprecision of resource and reserve estimates, assumptions regarding the timing and costs relating to production and development as well as the availability and price of labour and equipment, volatility of and assumptions regarding commodity prices and exchange rates, marketing and transportation risks, environmental risks, competition, the ability to access sufficient capital from internal and external sources and changes in applicable law.  Additionally, there are economic, political, social and other risks inherent in carrying on business in Tanzania and Mozambique. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. See Wentworth's Management's Discussion and Analysis for the year ended December 31, 2011, available on Wentworth's website, for further description of the risks and uncertainties associated with Wentworth's business. NOTICE Neither the Oslo Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed this press release and neither accepts responsibility for the adequacy or accuracy of this press release. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 2012 07 27 Press Release: http://hugin.info/136496/R/1629983/522223.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Wentworth Resources Limited via Thomson Reuters ONE [HUG#1629983]