TALIUS GROUP LIMITED — Share Issue/Capital Change 2008

May 21, 2008

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ASX Announcement 22 May 2008

Release of Securities from Escrow

In accordance with ASX Listing Rule 3.10A, Advance Energy Limited wishes to advise that 19,049,600 ordinary fully paid shares, 10,000,000 unlisted options and 9 converting preference shares will be released from escrow on 2 June 2008.

Application will be made to ASX to have the fully paid ordinary shares quoted within ten (10) days from the date of release from escrow.

For further information contact:

Mr Lance Camacho Company Secretary Telephone: 08 9486 1122 Facsimile: 08 9486 1011

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 would look 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 maximize returns on funds invested.

Advance Energy Limited ASX Code: AVD Website: www.advanceenergyltd.com.au

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