DIGITALX LIMITED — Capital/Financing Update 2011

Jun 5, 2011

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ASX Announcement

6 June, 2011

O.B. Ranch #2 Well - Drilling Update

• O.B. Ranch #2 (Bongo # 2) well at 7,610 ft, and preparing to drill ah e ad

• Well estimated to reach t arget depth of 13,500 ft within 10 days

O.B Ranch #2 (Bongo #2)

Verus Investments is please d to announce that it has received a d vice from operator, Caza Oil and Gas (Caza) that it has successfully s et 7 5/8” casing at 7,598 ft in the B o ngo #2 well, Wharton County, Texa s .

A formation integrity test just below the casing shoe has b een successfully performed and Ca z a is as of 06:00 hrs Central USA t ime, preparing to drill ahead to the t a rget reservoir sands.

The Bongo #2 well, spudde d on May 17, is the second well t o be drilled on the Bongo Prospect. The well is on time and on budget and it is anticipated the target depth will be reached within 10 days.

Bongo #2 is the first Bongo a p praisal well targeting the Eocene, Cook M o untain sands interval between 12,400 and 12,900 fe e t, which is the primary interval currently p roducing in the O.B. Ranch #1 (Bongo #1) discover y well. The planned total depth of the Bo n go #2 well is 13,500 feet.

Drilling and logging data from this well will be integrated into Caza’s on g oing Bongo seismic modelling, which will be use d to better understand the potential size of the Cook Mountain structure at Bongo, as well as o t her potential targets in the area of mutual int e rest (AMI).

The Bongo #2 well is offset fro m the original Bongo #1 well on an 80-acre spacing. This well is intended to assess the formatio n at the preferred location on the structure w h ich displays the most defined and thickest section of t he reservoir sands determined from seismic d ata.

Office Address: G round Floor, 30 Ledgar Road, Balcatta, Western Australia 6 0 21 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: ww w .verus.com.au ASX Code VIL / VILO

Bongo #2 is the first appraisal well in potentially a five to eight-well development exploitation program. The shallower Yegua sands, also seen in the first well, are not anticipated to be intersected in Bongo #2 and will be targeted in subsequent development wells.

Bongo Prospect

The Bongo prospect is located in Wharton County and is approximately 90-km 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.

The most likely resource potential of the prospect is 3 MMBBL and 25 BCF gas, with upside potential of up to 8 MMBBL and 73BCF gas.

For further information in respect of the Company’s activities, please contact:

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

COMPETENT PERSONS STATEMENT : The information in this announcement that relates to oil and gas exploration results and hydrocarbon reserves is based on information reviewed by Mr Greg Lee, who is a petroleum engineer. Mr Lee is a Director of the Company. Mr Lee has more than 25 years’ experience in this discipline and he consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

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