ENERGY TECHNOLOGIES LIMITED — Capital/Financing Update 2009

May 26, 2009

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DULHUNTY POWER LIMTED ACN 002 6794 69 35 Waterloo Road North Ryde NSW 2113 Tel: +61 3 9853 1943 www.dulhuntypower.com

AUSTRALIAN SECURITIES EXCHANGE COMPANY ANNOUNCEMENTS PLATFORM

To: Companies Announcement Officer, ASX Date: 27[th] May 2009 Number of Pages: 1

DULHUNTY TO RAISE $500,000 VIA A SHARE PLACEMENT

Dulhunty Power Limited (“DUL” or “the Company”) is pleased to announce that the Company has resolved to undertake a capital raising via a share placement (“the Placement”) to a sophisticated investor and pursuant to ASX Listing rule 7.1 (15% rule) through the issue of 12,500,000 Shares at an issue price of $0.04 to raise up to $500,000. Funds will be paid in 3 tranches.

The funds raised from the Placement will be used, in conjunction with the recently announced grant of $750,000 made under the GIIF scheme, to commence the production of Titan Composite Power Poles pursuant to its recently announced licensing agreement with CMT Worldwide LLC a US based technology development company with long experience in the production of Composite Poles and other products.

Detailed process design and planning will be facilitated by the new funds and the company expects to announce further developments on the commencement of production as progress is made over the next quarter.

DUL expects this placement to be completed by 30[th] June, 2009

For further information please contact:

Mr Tony Wingrove Chief Executive Officer Dulhunty Power Limited + 613 9853 1943

Mr Greg Knoke Company Secretary Dulhunty Power Limited +612 9870 7277