TALIUS GROUP LIMITED — Capital/Financing Update 2009

Jun 10, 2009

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ASX ANNOUNCEMENT Date 11 June 2009

$7.5 Million Convertible Note and Equity Funding Agreement

The Company is pleased to announce, following an extensive due diligence process carried out across both Australian and Houston based operations and personnel, a leading Perth Financial Services Group have entered into a Funding Agreement to provide Advance Energy Ltd $7.5 million in funding for development, acquisition and working capital. The funds will be used to acquire, develop and expand oil producing assets in the Permian Basin, Texas, USA.

Five million convertible notes with a face value of $1.00 on a 36 month term to raise $5 million will be issued under the convertible note facility. Advance Energy received shareholder approval at the recent AGM for the issue of up to $10 million in convertible notes and continues to negotiate on further investment funds.

The Company will also issue 31,250,000 ordinary shares each at a price of $0.08, pending shareholder approval, to raise $2.5 million that will be used for development and working capital.

Advance Energy Ltd and Hibernia Resources LLC, the company’s strategic Houston based operations and technical partner, are currently in negotiations and under a confidentiality agreement to purchase certain oil producing properties in the Permian Basin, Texas.

This Funding Agreement represents a significant opportunity and outcome for Advance Energy, enabling it to pursue and captialise on strategic growth opportunities via asset acquisition and development, through a continued application of the company’s proven business model.

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 Funding Agreement June 2009 ASX CODE: AVD www.advanceenergyltd.com.au

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