ADX ENERGY LTD — Capital/Financing Update 2008

Mar 18, 2008

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ASX Release 18 March 2008

AuDAX Expands Tunisian AMI

AuDAX Resources Ltd is pleased to provide an update to the previously announced decision to enter into an Area of Mutual Interest (“AMI”) agreement with Kairiki Energy Limited in Tunisia. The AMI group in Tunisia has now been expanded to include Nexus Energy Limited, an ASX listed entity (ASX code: NXS).

The revised interests in the AMI are as follows:

Tunisian AMI Interest AuDAX Resources Ltd 33.33% Kairiki Energy Limited 33.33% Nexus Energy Limited 33.33%

AuDAX’s Managing Director, Wolfgang Zimmer, said

“Both AuDAX as operator and Kairiki are pleased that Nexus has joined our study group in Tunisia to identify further oil and gas opportunities”.

For further information please contact:

	Wolfgang ZimmerManaging DirectorAuDAX Resources Ltd	Paul FinkTechnical DirectorAuDAX Resources Ltd

125 Edward Street Perth Western Australia

Phone (+61 8) 9328 4622 Fax (+61 8) 9328 2869 website: www.audax.com.au