TALIUS GROUP LIMITED — Capital/Financing Update 2008

Sep 3, 2008

==> picture [195 x 171] intentionally omitted <==

ASX ANNOUNCEMENT

Date 4 September 2008

Martin County Activity Update

Well Name Williams 9-2 Project Motherlode Phase II Prospect Key East Well Type Oil and Associated Gas Location Martin County, Texas Planned Depth 11,100 feet Working interest 12.5 % Operator Endeavor Energy Resources/Hibernia Resources Status Target depth reached

Further to its announcement of 20 August, Advance Energy has been informed by its Operations Manager, Hibernia Resources, LLC (“Hibernia”) that the Williams 9-2 well has reached target depth and pipe has been run.

This is the ninth (9th) well on this prospect and the location has been selected based on the Company’s 3-D seismic data in a similar method to the prolific Thomas 9-1 and Thomas 5-1 wells.

FOR FURTHER INFORMATION CONTACT

Mr Anthony Short (Managing Director) or Mr David Ballantyne (Company Secretary) Telephone: 08 9486 1122 Facsimile: 08 9486 1011

ABOUT ADVANCE ENERGY LIMITED

Advance Energy Limited is focused on the acquisition and development of oil and gas producing assets in Texas USA. The company aims to acquire assets with a combination of debt and equity that have current production and cash flow and to enhance production and cash flow through the further development of these assets. Once a property has reached its full productive potential and/or has achieved economic payout to Advance Energy, the Company would look to on sell all or part of its interest. It is the aim of the Company to develop a portfolio of assets which will be developed and traded to maximize returns on funds invested.

ADVANCE ENERGY LIMITED Martin County Update