TALIUS GROUP LIMITED — Capital/Financing Update 2009

Dec 23, 2009

==> picture [171 x 174] intentionally omitted <==

ASX ANNOUNCEMENT

24th December 2009

Additional 5.625% Working Interest Acquired in Martin West Project

Advance Energy Limited (“Advance” or “The Company”) is pleased to announce the acquisition of an additional 5.625% working interest (NRI of 4.218750%) in its Martin West I project in the Permian Basin in Texas, US. This brings its working interest to approximately 84% for the Holt wells and 89% for the Mabee wells. The cost of the additional interest was approximately US$191,000.

The Company is also progressing well on its initial work programme for this project and expects to have its optimisation and stabilisation phase completed early in the New Year. This phase aims to cover surface repairs, chemical assessment, lease operating expense reductions, downhole repairs and upgrades, and evaluation and design of its workover programme. The first three workovers should be commenced in early February and will take approximately three months to complete.

The Cazares #2 workover on its Mother Lode 1 project is progressing well. Advance anticipates that this will be finished in the first half of January 2010-further information will be provided at this time.

FOR FURTHER INFORMATION CONTACT

Mr Anthony Short (Managing Director) or Mr David Ballantyne (Company Secretary) Telephone: 08 9486 1122

Facsimile: 08 9486 1011

ABOUT ADVANCE ENERGY LIMITED

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 looks 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 maximise returns on funds invested.

ADVANCE ENERGY LIMITED Acquisition of additional working interest in Martin West 1 ASX CODE: AVD www.advanceenergyltd.com.au