TALIUS GROUP LIMITED — Capital/Financing Update 2009

May 24, 2009

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ASX ANNOUNCEMENT

Date 25 May 2009

Issue on New Convertible Notes

Advance Energy Ltd has previously advised the anticipated reissue of a $2.3 million convertible note facility due for redemption this month. We now confirm that executed documentation from the London based institution has been received and, subject to shareholder approval at Friday’s Annual General Meeting, new notes will be issued with a November 2010 redemption date.

The Company has had a long term relationship with this institution and sees this reissue, following on from the successful bank re-determination earlier this month, as further testament to the quality of the asset and reserve base in Texas, and the quality of the Texas based management team.

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 Convertible note issue