DIGITALX LIMITED — Capital/Financing Update 2011

Jul 26, 2011

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ASX Announcement

27 July 2011

O.B. Ranch #2 preparing for extended well test

• O.B. Ranch #2 (Bongo #2) well successfully perforated and fracture stimulated

• Well clean up is in progress in preparation for an extended production test

Verus Investments (ASX: VIL) is pleased to announce that the O.B. Ranch #2 (Bongo #2) appraisal/development well in Wharton County, Texas, has been successfully perforated and fracture stimulated over three intervals in the Cook Mountain Formation.

The well is currently being flowed back in order to clean up all the fluids used to fracture stimulate the well. Once the well has adequately cleaned up, the well will be placed on an extended well test. Once stabilised flow rates have been achieved the market will be updated.

The Bongo #2 well, spudded on 17 May 2011, is the second well to be drilled on the Bongo Prospect. This is the first Bongo appraisal/development well targeting the Eocene, Cook Mountain sands interval which is the primary interval currently producing in the O.B. Ranch #1 (Bongo #1) discovery well.

Bongo #2 has been drilled in a higher structural position than the Bongo #1 well, and both the log information and seismic data support a thicker pay section, better sorted, higher porosity sand within the Cook Mountain section than those found in the Bongo #1.

Analysis of the log data also indicated potential pay in the shallower Frio and Yegua formations at approximately 5,530ft and 9,000ft. The Frio sands are yet to be commercially evaluated.

Encountering the Yegua and Frio sands in this well was very encouraging and the Verus team looks forward to developing further the well’s potential commerciality.

Bongo Prospect

The Bongo Prospect is located in Wharton County and is approximately 90km WSW of Houston, Texas. The prospect is in an AMI which encompasses approximately 2,667 gross acres (1,208 net acres). Caza Oil & Gas, Inc is the major working interest (WI) partner and operator. Verus Investments holds a 9.375% WI in this property.

For further information regarding the Company’s activities, please contact:

Mr. GregoryLee	Mr. Nathan Ryan
Executive Director	NWR Communications Investor Relations
Tel:(+61 8)9240 8645	Tel:(+61 0)420 582887

Office Address: Ground Floor, 30 Ledgar Road, Balcatta, Western Australia 6021 Postal Address: PO Box 717, Balcatta, Western Australia 6914 Phone: +61 (0)8 9240 8645 Fax: +61 (0)8 9240 2406 Email: info@verus.com.au Web: www.verus.com.au