EDEN INNOVATIONS LTD — Capital/Financing Update 2011

Sep 15, 2011

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----- Start of picture text ----- ACN 109 200 900----- End of picture text -----

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

16 September 2011

CAPITAL RAISING

The directors are pleased to advise that they have agreed to make placements up to the value of $400,000 by the issuing of up to 6,250,000 fully paid ordinary shares (an increase of 2.59% over the previously issued shares) at an issue price of $0.064 per share to professional and sophisticated investors in accordance with section 708 of the Corporations Act 2001 (“the Act”) and under the 15% placement rule of the Australian Securities Exchange Listing Rules.

A commission of 5% of the value of the funds raised is payable to financial services licencees in respect of the placement.

The funds raised will be used to fund the Company’s ongoing working capital requirements.

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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