MEC RESOURCES LIMITED — Capital/Financing Update 2007

Aug 8, 2007

9 AUGUST, 2007

==> picture [134 x 51] intentionally omitted <==

ASX RELEASE

ADVENT ENERGY PEL 104 TYPHOON BLOCK AND PEL 111 CATALINA BLOCK FARMOUT AGREEMENTS

Impress Energy is pleased to announce that Advent Energy has signed a Letter Agreement to farm into the PEL 104 Typhoon Block and PEL 111 Catalina Block.

Under the Letter Agreement Advent can earn up to a 50% stake in the permit blocks in return for drilling four exploration wells. The two areas are part of the Permian Oil and Gas fairway that hosts the Fly Lake and Tirrawarra oil and gas fields. Immediately to the south along trend are the numerous gas discoveries made by the PEL 106 Joint Venture.

Advent Energy Limited is a company backed by the ASX listed pooled development fund MEC Resources (ASX: MMR).

MEC Resources included in its board of directors Mr Seng Yap, ex Manager of Daiwa Securities Australia and Mr Hock Goh, ex President of Schlumberger Asia.

Mr Ding Guiming, a senior member of MEC’s Advisory Panel, was the former Head of Exploration of CNPC and President of the Daquing Oilfield, at one time China’s biggest business enterprise producing over 1.2 million barrels of oil per day. Mr Ding had also served as Commissioner of the China State Asset Administration Office where he supervised the reform of BaoSteel, Wuhan Steel and ChangJian Shipping.

Commenting on the Agreement Impress Energy CEO Eddy Buckovic said: “We are pleased to welcome Advent Energy Limited to the exploration effort in PEL 104 and PEL 111. The Permian oil and gas fairway has yet to be tested by the Joint Venture. The deeper section has been shown to be prospective for oil and gas elsewhere in the basin. With its proximity to the nearby Fly Lake and Tirrawarra oil and gas fields we are confident of continuing our success in these two permits”

For further information please contact Eddy Buckovic, Chief Executive Officer, on 08 9214 2500 or email info@iel.com.au

IMPRESS ENERGY LIMITED EDDY BUCKOVIC Chief Executive Officer

ABN 15 009 212 319 83 HAVELOCK STREET, WEST PERTH WA 6005 PO BOX 1617, WEST PERTH WA 6872 TELEPHONE: ( 61 8) 9214 2500 FACSIMILE: (61 8) 9214 2511 EMAIL: info@iel.com.au WEB PAGE: www.iel.com.au

IMPRESS ENERGY LIMITED

ASX RELEASE

==> picture [427 x 52] intentionally omitted <==

==> picture [427 x 53] intentionally omitted <==

==> picture [427 x 53] intentionally omitted <==

==> picture [427 x 53] intentionally omitted <==

==> picture [427 x 53] intentionally omitted <==

==> picture [427 x 53] intentionally omitted <==

==> picture [427 x 300] intentionally omitted <==

----- Start of picture text -----

Growler Oil Field
Wirraway-1
JURASSIC PERMIAN
OIL FAIRWAY GAS AND OIL
FAIRWAY
----- End of picture text -----

Page 2 of 3

IMPRESS ENERGY LIMITED

ASX RELEASE

==> picture [316 x 79] intentionally omitted <==

==> picture [316 x 78] intentionally omitted <==

==> picture [316 x 79] intentionally omitted <==

==> picture [316 x 78] intentionally omitted <==

==> picture [316 x 79] intentionally omitted <==

==> picture [316 x 79] intentionally omitted <==

Page 3 of 3