ADX ENERGY LTD — Capital/Financing Update 2009

Mar 30, 2009

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ASX Release 31 March 2009

New Zealand Oil & Gas joins AuDAX operated AMI for Romania

AuDAX Resources Ltd (ASX:ADX) is pleased to announce that New Zealand Oil & Gas (NZOG) has joined the AuDAX operated AMI for Romania with a 33.33% interest through an assignment of Kairiki Energy’s previous interest. NZOG is a diversified upstream energy company with production, development and exploration in New Zealand and a market capitalisation of approximately $NZ 500 million.

With NZOG and Nexus Energy as partners backing the AMI, AuDAX is in a very strong position to successfully bid for highly prospective Romanian exploration and development acreage in the upcoming large and historically unique relinquishment of Petrom (controlled by OMV of Austria) and Romgaz licenses. Petrom and Romgaz are currently the largest license holders and oil & gas producers in Romania.

Since the AMI commenced work in late 2007, AuDAX has completed regional prospectivity studies, compiled a large database and has identified the most promising areas within the various relinquishment areas, which are expected to be in excess of 25,000 sqkm of prime exploration and development acreage within the European Community.

Gary Roper Chairman 61 (8) 9226 2822

Wolfgang Zimmer Managing Director

43 (0) 676 358 1214

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Map of Eastern Europe with Romanian Oil & Gas Fields