TALIUS GROUP LIMITED — Capital/Financing Update 2008

May 13, 2008

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ASX Announcement

14 May 2008

Motherlode Phase 1 Closing of the Acquisition of 67.5% Additional Working Interest

Advance Energy Limited is pleased to announce closure on the acquisition of the additional 67.5% operated working interest in its Motherlode Phase I project for US$3,700,000.

On March 1, 2008, the effective date of this acquisition, these assets were producing 33 BOEPD net to the new ownership and crude was selling for $99/barrel. On the closing date, May 13, 2008, these assets were producing in excess of 41 BOEPD net to the new ownership and crude was selling at $123/barrel.

The development plan for these assets includes the drilling of up to three development wells, the addition of behind pipe reserves in two wells and the stimulation of three wells. The details of this plan will be released to the market once finalised.

Monthly net revenue post the acquisition of the Motherlode 1 property is expected to increase by US$120,000*.

For further information contact:

Mr Lance Camacho Company Secretary Telephone: 08 9486 1122 Facsimile: 08 9486 1011

*(at $120.00 per boe)

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 ASX Code: AVD Website: www.advanceenergyltd.com.au

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