TALIUS GROUP LIMITED — Capital/Financing Update 2010

Jul 20, 2010

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ASX ANNOUNCEMENT

21[st] July 2010

Rights Issue Entitlement Uptake and Shortfall

The Company confirms that it has received entitlement applications for 24,083,512 shares leaving a shortfall of 47,663,576 shares – an uptake of 33.57%. The Company has already received shortfall applications for 3,704,256 shares and has since allotted both the entitlement and shortfall shares raising $277,877.68 before the costs of the offer. The Company may issue up to a further 43,959,320 shortfall shares.

The Company has received expressions of interest for part of the remaining shortfall and will advise the market course of any further shortfall issue.

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 Repriced Rights Issue ASX CODE: AVD www.advanceenergyltd.com.au