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TALIUS GROUP LIMITED Capital/Financing Update 2008

Jan 3, 2008

65893_rns_2008-01-03_6e33f712-d822-4dab-b965-578580b7e701.pdf

Capital/Financing Update

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ASX Announcement

4 January 2008

Palo Pinto County - Brown-Vick Project

Advance Energy Limited (AVD) is pleased to announce the successful spudding of the Brown-Vick #1 well which is located in North East Palo Pinto County, Texas and operated by Dryfork Production Co., LLC. Please refer to our announcement of 22 November 2007 for details of this project.

Further announcements will be made as we progress with this well.

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