TALIUS GROUP LIMITED — Capital/Financing Update 2008

Jan 20, 2008

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ASX Announcement 21January 2008

Palo Pinto County-Brown-Vick Project

Advance Energy Limited (AVD) is pleased to announce that production casing has been set on the Brown Vick #1 well. Advance elected to complete the well based upon the analysis of open hole well logs, mud logs and drilling logs. 3,300 ft of 4.5 in casing was run in the well and successfully cemented.

Five potentially productive reservoirs were encountered at depths of 3,270, 3,100, 2,500, 1,550 and 1,300 feet. These formations produce in wells that are less than 1.5 miles from the project and there are wells within a 2.5 mile radius that have produced in excess of 1.1 BCFE of gas.

Within the next 15 days a completion rig will be moved in and the above listed zones will be tested individually. Once commercial production has been established, a development drilling program will be initiated. It is anticipated that an additional 4 to 8 wells will be drilled on this project.

This project, as wells as the Company’s Lone Camp and Possum Kingdom Projects, are being managed and operated by Hibernia Resources, in Houston, Texas.

Further announcements will be made as we progress.

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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