EDEN INNOVATIONS LTD — Capital/Financing Update 2010

Oct 24, 2010

ACN 109 200 900

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

25 October 2010

SALE OF REMAINING 30% INTEREST IN GEL185 TO ORIGIN ENERGY

Eden Energy Ltd (“Eden”) has contracted to sell its remaining 30% interest in Cooper Basin Geothermal Licence No. 185 (“GEL 185”) to Origin Energy for $700,000 in cash.

Origin Energy, Australia’s leading integrated energy company, purchased in September 2009 a 70% interest in GEL 185 from Eden for a payment of $1 million plus an obligation to fund the first $500,000 of expenditure on the licence.

Divestment of GEL185, on top of recently securing a 12 month suspension on the financial commitments of Eden’s remaining geothermal licences, will give Eden time to endeavor to find a suitable partner or cornerstone investor to progress these licences.

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 who acted as the corporate advisor to Eden on this matter.

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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