DIGITALX LIMITED — Capital/Financing Update 2009

Feb 5, 2009

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ASX Announcement

6 Februar 2009 y

Verus announces Cost Review and Corporate Update

Verus advises that in light of the continuing deterioration in market conditions, Directors have completed a comprehensive review of activities and investments with the objective of conserving current cash reserves and maximizing the potential investment returns.

Verus Investments Limited

ACN 55 009 575 035

A number of initiatives have already been implemented and further opportunities are being pursued. These include:

Investments:

30 Ledgar Rd, B alcatta , WA, 6041

Tel: (08) 9240 2836

Fax: (08) 9240 2406 Email: info@verusinvestments.com.au

ASX Code: VIL & VILO

Directors:

Andrew McIlwain Non-executive Chairman

Michael Montgomery Executive Director

David Calcei Non-executive Director

Greg Lee Non-executive Director

• With the continuing weakness in global commodity prices and the potential elongated period to positive cash flow, Verus has decided to not continue investment in the Brazilian resource projects. Whilst the prospectivity of these nickel and iron properties remains good, the structured option payment terms entered into are difficult to support in the current market. Significant efforts have been undertaken to renegotiate more favourable terms, however it has been deemed appropriate to withdraw. These option agreements were structured such that there is no restriction on Verus withdrawing and no continuing liability.

• On 21 November 2008, Verus announced its intention to invest in the Lee County Project – a Texas onshore oil and gas opportunity http://www.asx.com.au/asxpdf/20081121/pdf/31dqql5jw6v79y.pdf. With high expectation of success and early cash flow and subsequent investment returns, Verus is continuing to pursue this opportunity. The intention is to finalise the Operating Agreement between parties and consequently drill the first of the two well test program this quarter. Finalisation of the Operating Agreement is now anticipated following completion of the recently announced sale of Buccaneer Energy’s interest in this project.

Corporate;

• Focus continues on the elimination or reduction of administrative costs. Some savings result directly from the reduction in activity, whilst others include a 30% reduction in Directors’ fees from 1 January, 2009. It is intended to provide compensation to the Directors from a pool of 12 million share options, to be issued under the existing Verus Employees and Directors Option Plan. These options, subject to shareholder approval, will have an exercise price of 1.5c, a 300% premium to the 30 day weighted average trading price, and an expiry date of 1 March, 2012.

Verus remains focused on delivering value from prudent investment. With $869,000 in cash as at 31 December and continued support from major shareholders, the Directors are confident that 2009 will see a number of appropriate opportunities arise in which to invest this well preserved cash.