ADX ENERGY LTD — Capital/Financing Update 2011

Nov 17, 2011

18 November 2011

ADX: Completion of Capital Raising via Placement

ADX Energy Limited (ASX:ADX) is pleased to announce the completion of a placement of 25,000,000 new shares at 8¢ per share to raise gross proceeds of $2,000,000.

The funds raised in conjunction with the Company’s current cash resources will primarily be used to fund the Company’s exploration work programs in Tunisia and Romania as well as to augment working capital.

ADX currently has 411,127,993 shares on issue. The Placement is unconditional and will settle on Wednesday 23 November 2011. After settlement and issue of new shares the Company will have 436,127,993 shares on issue. Patersons Securities Limited (“Patersons”) was the lead manager for the placement.

A Share Purchase Plan (SPP) will be offered to existing shareholders for 12,500,000 new shares at 8¢ per share to raise up to $1,000,000. The record date for the SPP is 17 November 2011. Further details in relation to the SPP will be announced in the near future.

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For further details please contact

Wolfgang Zimmer Ian Tchacos Managing Director Chairman +61 (08) 9226 2822 +61 (08) 9226 2822

www.adxenergy.com.au