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TALIUS GROUP LIMITED Capital/Financing Update 2008

Apr 20, 2008

65893_rns_2008-04-20_34595af9-a0e5-4280-8a14-259ea6c5600a.pdf

Capital/Financing Update

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ASX Announcement

21 April 2008

Martin County New Well Completion

Well Name Thomas 9-2 Project Motherlode Phase II Prospect Key East Well Type Oil and Associated Gas Location Martin County Texas Depth 11,093 feet Working interest 12.5% Operator Endeavor Energy Resources/Hibernia Resources Status Cased and waiting completion

Advance Energy Limited has been informed by its Operations Manager, Hibernia Resources, LLC (“Hibernia”) that the Thomas 9-2 well has been successfully drilled, evaluated and cased to a depth of 11,093 ft. The well will be perforated and stimulated in at least ten different productive horizons later this month.

The Thomas 9-2 is a direct offset to the Thomas 9-1 and the Thomas 5-1 wells that have both far surpassed expectations in their first year of production. This is the seventh well on this prospect and the location has been selected based on the Company’s 3-D seismic data in a similar method to which the Thomas 5-1 and Thomas 9-1 were selected. Hibernia reports that both the Thomas 5-1 and 9-1 produced at initial rates in excess of 250 BOEPD and are on pace to be among the highest producers in the County.

For further information contact:

Mr Anthony Short Managing Director Telephone: 08 9486 1122 Facsimile: 08 9486 1011

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.