EDEN INNOVATIONS LTD — Capital/Financing Update 2009

Oct 15, 2009

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

16 OCTOBER 2009

ORIGIN ENERGY FARM-IN SUCESS FEE TO BE PAID BY THE ISSUE OF SHARES

On 25 September 2009 Eden Energy Ltd (“Eden”) entered into an agreement with Origin Energy Ltd (“Origin”), a major Australian energy utility, for Origin to farm-in to Eden’s Cooper Basin Geothermal Licence No. 185 in South Australia. The agreement is conditional upon approval by the South Australian Government.

Origin has paid to Eden $1 million cash and will bear the first $500,000 of expenditure on the licence, to earn a 70% interest in GEL 185. Each party will then contribute proportionally to further expenditure. Origin will be operator of the project.

A success fee of 5% is payable, in cash or Eden listed shares (based on the five day volume weighted average share price prior to signing), to an advisor (“the advisor”) who acted as the corporate advisor to Eden on this matter. The directors have agreed to settle this liability by the issue of Eden listed shares, as such upon receiving the approval by the South Australian Government Eden will issue the advisor 810,898 shares at $0.078.

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Gregory H. Solomon Executive Chairman

Level 40, Exchange Plaza 2 The Esplanade, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Email: mailroom@edenenergy.com.au