ACTIVEX LIMITED — Capital/Financing Update 2007

Sep 4, 2007

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A.C.N. 113 452 896

BRISBANE QLD 4000 P.O. Box 217 PADDINGTON QLD 4064 P: (07) 3236 4188 F: (07) 3236 4288 E: admin@activex.com.au

ASX Release – 5 September 2007

DRILLING ACTIVITIES UPDATE

• Drilling to commence at Prospect Creek in the next week

• ActivEX wins Queensland Government Drill Funding for Lake Monduran Project

PROSPECT CREEK DRILLING PROGRAM

ActivEX Limited (ASX: AIV) is pleased to announce that drilling is planned to commence at its Prospect Creek project in the next week. The planned program consists of 3 holes at the Prairie Creek Prospect and 6 holes at Gossans West Prospect and should start during the week commencing 10[th] September 2007.

At Prairie Creek Prospect , mapping and sampling of quartz epidote veining and silica flooding in several areas has returned anomalous gold results which are targeted in the current program. The targets are along strike to the north and northeast of previous drilling by CRA Exploration which recorded significant gold intercepts (e.g. 52 m @ 2.1g/t Au).

At Gossans West Prospect , alteration pipes over multiple centres with widespread, significant alteration caps and epithermal quartz textures are targeted. Drilling is aimed to test anomalous zones of low level gold, arsenic and mercury interpreted to sit above high grade bonanza-style epithermal targets.

Drilling is expected to take ten days.

ACTIVEX WINS QUEENSLAND GOVERNMENT DRILLING FUNDING

ActivEX has been successful in gaining a grant of up to $55,000 under the first round funding of the Queensland Governments Cooperative Drilling Initiative. The funding, which is for up to 50% of the direct drilling costs, is for a drilling program at Lake Monduran, near Bundaberg. The targets for drilling are greisenised granite with associated sheeted quartz veins carrying molybdenum mineralisation with related tungsten and gold mineralisation. Soil sampling in the area has delineated a 2.1km zone of anomalous molybdenum associated with the greisen with anomalous gold and copper values on the adjacent sediment contact. Geological mapping of the zone has refined the drill-hole locations to optimise testing of the quartz vein sets and greisen zone. Drilling is expected to commence in early 2008.

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EPM APPLICATIONS

ActivEX has been granted a new Exploration Permit (EPM) from recent applications at Ban Ban in south-east Queensland. An adjacent application at Blairmore has been offered for grant which is expected to occur in the next few weeks. In addition, the Company has applied for and has priority over a further EPM application south of its Booubyjan Project area, further consolidating its position in this region. The areas are considered highly prospective for porphyry-style gold-copper deposits.

For further information contact:

Mr Doug Young, Managing Director or Mr Paul Crawford, Company Secretary

Tel: (07) 3236-4188 Fax:: (07) 3236-4288 Email: admin@activex.com.au Web: www.activex.com.au

The information in this report that relates to exploration results is based on information compiled by Mr D. I. Young, who is a Fellow of the Australian Institute of Geoscientists and a full time employee of ActivEX Limited. Mr Young has sufficient experience relevant to the styles of mineralisation and types of deposit under consideration and the activities which he is undertaking to qualify as a Competent Person as defined by the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves. Mr Young consents to the inclusion of his name in this report and to the issue of this report in the form and context in which it appears.

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