EDEN INNOVATIONS LTD — Capital/Financing Update 2012

May 23, 2012

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

24 May 2012

LAPSE OF OPTIONS

Eden Energy Ltd (“the Company”) announces that the following unlisted options in the Company have now lapsed.

500,000 Options Expiring 5 May 2012, exercisable at $0.585. 235,000 Options Expiring 14 May 2012, exercisable at $0.20.

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Aaron P Gates Company Secretary

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