TALIUS GROUP LIMITED — Capital/Financing Update 2009

Sep 29, 2009

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ASX ANNOUNCEMENT

Date 30th September 2009

NEW ACQUISITION

The Board of Advance Energy Ltd (“Advance”) is pleased to announce that it has executed a Purchase and Sales Agreement (“PSA”) to acquire ten producing wells covering 1,600 acres in Martin County, Texas for US$2.625 million.

The Martin West properties will provide a net monthly cash flow after expenses to Advance of approximately US$54,000. Hibernia Resources, LLC (“Hibernia”), whom Advance will appoint as their nominated operator upon settlement within the next fortnight, advises that the properties have significant upside and in the short term expects to be able to increase production by 20%, by spending approximately US$50,000, and to reduce operating costs by up to 30%.

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There are ten proven behind pipe opportunities (“PBP”) that can be brought into production. Each PBP development is expected to initially contribute an additional 30 BOEPD (approx US$20,000 gross revenue). There are also ten proven undeveloped (“PUD”) cases each of which will further contribute to production when drilled.

This acquisition ideally fits Advance’s business model of identifying mature producing assets with significant development upside. It is also situated in Martin County, where Advance already has existing production assets and operating infrastructure.

ADVANCE ENERGY LIMITED New Acquisition (Martin West)

Managing Director Anthony Short, commenting on this development, said “Martin West represents a tremendous opportunity for Advance as it provides for a programme of development wells which will significantly increase Advance’s total production and profitability. Recently we have called a shareholders’ meeting, to be held on 13 October, to approve a A$20 million listed convertible note issue. The Martin West project is typical of the projects that will be acquired from the proceeds of this issue.”

The Martin West acquisition will be financed from the A$5 million unlisted convertible note issued effective 28 September 2009, and pursuant to a funding agreement with a leading Perth Financial Services Group.

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.

TECHNICAL INFORMATION

The technical information contained in this announcement was prepared by Mr Embry Canterbury, BSc (Petroleum Engineering), SPE, who has had more than 13 years experience in the practice of petroleum engineering. Mr Canterbury consents to the inclusion in this report of the information in the form and context in which it appears.

ADVANCE ENERGY LIMITED New Acquisition (Martin West) ASX CODE: AVD www.advanceenergyltd.com.au

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