TALIUS GROUP LIMITED — Capital/Financing Update 2008

Mar 30, 2008

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ASX Announcement DATE: 31 March 2008

Increase of Credit Facility

Advance Energy Ltd is pleased to announce that its wholly owned subsidiary, Advance Exploration and Production, Inc. has renegotiated the credit facility with Sterling Bank of Texas (www.banksterling.com/energylending/el_overview.asp). Sterling Bank has renewed the credit facility as follows:

• The maximum total credit facility was increased to $US 40 million from the prior $US 20 million

• Interest rate has been lowered to Prime plus 1.0% from the initial Prime plus 1.5%

• The term of the new facility is for three (3) years, maturing on the 31 March 2011

• Origination/facility fees have been reduced to 0.75% from the original 1.5%

• Initial borrowing base of US$5.7mil, reducing by US$135,000 per month from May 2008

• All other commercial terms remain substantially similar to the previous facility.

Although the company has been pursued by numerous banks in the US, Advance has chosen to continue its growth plans with Sterling Bank. This is due to their dedication to assisting the Company in pursuing its goals and the very competitive rate and fee structure.

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.

Advance Energy Limited ASX Code: AVD Website: www.advanceenergyltd.com.au

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Advance Energy Limited ASX Code: AVD Website: www.advanceenergyltd.com.au

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