TALIUS GROUP LIMITED — Capital/Financing Update 2011

Jan 23, 2011

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ASX ANNOUNCEMENT

24[th] January 2011

Settlement of Purchase and Sale Agreement (“PSA”)

On 6[th] December Advance Energy Ltd (“Advance” or “The Company”) announced that its US subsidiaries, Advance Exploration and Production, Inc (“AEPI”) and Advance Wolfberry, Inc (“AWI”), had entered into a PSA for the sale of the Mother Lode 1, Possum Kingdom and Martin West projects for a combined total of US$11.3 million. The Company can confirm that settlement has now taken place, and payment in full has been received.

AEPI’s loan with Sterling Bank has been repaid in full, but the US$40 million line of credit facility has been retained. This will assist greatly in financing any new projects in the US. In addition, all unlisted convertible notes have been redeemed early.

The Company continues to review a number of energy projects both within the US and in a number of other locations. Information on proposed acquisitions will be released to the market, as and when appropriate.

FOR FURTHER INFORMATION CONTACT

Mr Anthony Short (Managing Director) Telephone: 08 9486 1122 Facsimile: 08 9486 1011

ADVANCE ENERGY LIMITED Settlement of Purchase and Sale Agreement ASX CODE: AVD www.advanceenergyltd.com.au