TALIUS GROUP LIMITED — Capital/Financing Update 2008

Apr 2, 2008

Suite 4, 16 Ord Street | Tel: 08 9486 1122 West Perth, Australia | fax: 08.9486.1011 PO Box 1779 ACN 111 823 762

3 April 2008

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Company Announcements Office $\overline{ASX}$

Fax: 1900 999 279

Martin CountyNew Field Extension - Williams 9-1 RE:

Please find attached announcement for Advance Energy Limited (ASX Code: AVD).

LANCE CAMACHO Company Secretary

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Suite 4, 16 Ord Street | tel: 08 9486 1122 West Perth, Australia | fax: 08.9486.1011
|- PO Box 1779 | ACN 111.823.762 West Perth 6872

ASX Announcement DATE: 3 April 2008

Martin County New Field Extension

Well Name	Williams 9-1
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	Casing has been cemented and waiting on stimulation and test

Advance Energy Limited has been informed by its Operations Manager, Hibernia Resources, LLC ("Hibernia") that the Williams 9-1 well has been successfully cased on March 25, 2008. The well will be perforated and stimulated in ten different productive horizons later this month.

The Williams 9-1 well 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 sixth 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.