TALIUS GROUP LIMITED — Capital/Financing Update 2010

Aug 23, 2010

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ASX ANNOUNCEMENT

24[th] August 2010

Market Update

Advance Energy Ltd continues its efforts to reduce debt and has executed marketing agreements with PLS Inc of Houston, Texas for the potential divestiture of part or all of its assets. PLS’ dedicated Transaction and Property Divestment division is one of the largest handlers of oil and gas property, prospect and royalty sales in the US. Today, over 3,500 companies subscribe to PLS' hard copy and email reports.

Advance Energy Ltd is also pleased to announce that Advance Exploration and Production Inc’s (AEPI) credit facility Sterling Bank of Texas has been revised as follows:

• Facility expiry date extended by 12 months to March 2012;

• Borrowing Base increased from US$3.0m to US$4.3m; and

• No further redetermination required until February 2011.

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 Market Update 24 August 2010 ASX CODE: AVD www.advanceenergyltd.com.au