TALIUS GROUP LIMITED — Capital/Financing Update 2009

May 10, 2009

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ASX ANNOUNCEMENT

Date 11 May 2009

Bank Redetermination Confirms Quality of the Asset Base

Advance Energy Ltd confirms that Sterling Bank in Texas has completed a thorough review of the Group’s credit facility and reserve base. As a result, an amendment to the loan agreement was executed on 7 May. Some of the key points within this amended facility are:

• No increase to the interest rate, being 1% above Prime-an effective current rate of 4.25%. Management feels that this below market rate is very unusual in the current economic environment but reflects the underlying strength of Advance’s collateral base and operational track record.

• The monthly principal payment schedule has been reduced from US$200,000 per month to US$80,000 per month effective 1 June 2009 and the principal payment for May has been waived. The term of the facility remains unchanged, maturing on 31 March 2011.

• No changes or increases in financial covenants in an environment where recent press reports have emphasised that most US banks are imposing additional and more strenuous covenants on their Oil and Gas portfolio companies.

• Current borrowing base confirmed at a minimum of US$5 million with a face amount of US$40 million.

In the current financial environment these amendments are testimony to the quality of the Group’s US management and to the quality of the long life stable asset and reserve base in Texas. Advance continues to assess a wide range of potential asset acquisitions to which it has access through its US based management and will continue to effectively utilise leverage to maximise shareholder equity returns.

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 Amended Bank Facility