TALIUS GROUP LIMITED — Capital/Financing Update 2009

Oct 5, 2009

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ASX ANNOUNCEMENT

6 October 2009

SALE OF MOTHER LODE II PROJECT

The Board of Advance Energy Ltd today announces the finalisation of the sale of its interests in the Mother Lode II project in Martin County, Texas for US$2.015m.

The Mother Lode Phase II project was identified as a result of the 250 square miles of 3D seismic acquired as part of Mother Lode Phase 1. Advance acquired an initial 12.5% working interest in six producing wells and has since participated in the drilling of an additional six wells. Since acquisition, the project has delivered net revenues of US$1.77m. Approximately 36% of the $2.7m acquisition and development cost was funded by debt giving a project IRR of approximately 25%. Sales proceeds will reduce debt and provide further working capital.

Managing Director Mr Anthony Short said, “This divestment reaffirms the success of Advance’s business model after the sale of its Lone Camp asset in December 2008 and completes the divestment of its last remaining non-operating asset. This leaves Advance in complete control of all its projects and eliminates uncertainty with regard to the quantum and timing of development commitments.”

“The Mother Lode II sale coincides with the recent announcement regarding the purchase of the highly prospective Martin West project.”

The Board and management continue to assess numerous acquisition opportunities within the Permian Basin, in anticipation of the proposed listed convertible note raising of $20 million.

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 Sale of Mother Lode II Project