DIGITALX LIMITED — Capital/Financing Update 2011

Mar 24, 2011

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ASX Announcement 25 March 2011

The Manager Company Announcements Office ASX Ltd 4th Floor, 20 Bridge Street SYDNEY, NSW 2000

Dear Sir,

PROJECT UPDATES

Key Points:

• Fausse Point reprocessing of seismic data completed, interpretation work now underway to develop prospect location for Fausse Point No 2

• Verus to relinquish Silverwood Prospect

• Bongo #2 well design complete and preparation for drilling in Q2 underway

• Sidi Dhaher rig awaiting mobilisation

Verus Investments Ltd (Verus; ASX-code: VIL ) is pleased to announce the following Project updates:

Fausse Point Prospect - seismic interpretation and prospect development

The 3D Seismic data acquired in recent months over the Fausse Point Area of Mutual Interest (AMI) has been reprocessed and integrated with data from surrounding known wells.

This reprocessing has resulted in significantly improved seismic imaging which will now allow the JV partners to develop prospects and their location with confidence. Geological and geophysical (G&G) re-interpretation will provide more accurate depth maps and fault definition and determination of hydrocarbon traps, structure volumetrics and hydrocarbon reserves to ultimately develop low-risk, economically-driven appraisal wells and additional prospects on the Fausse Point AMI.

Initial preliminary review shows a sizeable target. It is anticipated that this prospect development will be completed before mid year.

Options for the financing and or farm-out of the Fausse No 2 Well are under review.

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

Silverwood Prospect

Due to the diminishing production and lack of sufficient economic justification to drill additional wells, Verus has elected to no longer participate in the Silverwood project.

Bongo Project

After recent, extensive geological and geophysical work, the JV partners have agreed to the first development well location on the Bongo property. The O.B. Ranch #2 well is anticipated to spud prior to the end of Q2. The preparation for the drilling of the well is currently underway.

An artificial gas lift system is currently being installed into the OB Ranch #1 (Bongo no 1) well in order to further enhance production.

Verus are anticipating a comprehensive update to be provided by Caza and this will be announced as soon as available.

Sidi Daher Prospect

Whilst the political situation and social unrest in the region of the planned well has stabilized, security and local police groups are currently focused on Libya.

The drilling rig support equipment and accommodation will be mobilised once the local police and security groups confirm that this can be completed in a safe and socially responsible manner. ADX have secured clear support of the local community and it is anticipated that mobilisation of the accommodation will occur within weeks. Immediately following this, the drill rig and associated drilling equipment will be mobilised to site.

The Company is conscious that the well spud date is somewhat delayed from initial plans, as a result of what has been unusual and unpredicted occurrences in Tunisia. ADX, the operator of the Sidi Dhaher project, will continue to act responsibly and respectively, to ensure that local community support has been secured prior to committing to the mobilisation to site. Verus fully supports the operator’s cautionary and socially respectful approach.

Verus is committed to focus and deliver on its core assets.

Yours faithfully

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Andrew McIlwain Chairman

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

Mr. GregLee	Mr. Andrew McIlwain	Mr. Nathan Ryan
Executive Director	Chairman	NWR Communications Investor Relations
Tel:(+61 8)9240 8645	Tel:(+61 3)9817 5067	Tel:(+61 0)420 582 887

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