TALIUS GROUP LIMITED — Share Issue/Capital Change 2009

Jul 16, 2009

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ASX ANNOUNCEMENT

Date 16 July 2009

Issue of Shares

Advance Energy Ltd (“Advance” or “The Company”) has previously advised the market of an intended $2.5 million share placement with a leading Perth based financial services group at an issue price of 8 cents per share. Today the Company has issued and allotted 12.5 million shares raising $1 million, to clients of the financial services group. This brings the total issued capital to 131,298,222 ordinary shares. The Company anticipates that the balance of the intended placement to clients of the financial services group, being a further $1.5 million, will be completed, subject to shareholder approval, shortly after the general meeting convened for 23 July 2009.

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 Share issue

Notice under Section 708A

The Company gives this notice pursuant to Section 708A (5) (e) of the Corporations Act.

The 12.5 million shares referred to above were issued without disclosure to investors under Part 6D.2 of the Corporations Act, in reliance on Section 708A (5) of the Corporations Act.

The Company, as at the date of this notice, has complied with:

• a. the provisions of Chapter 2M of the Corporations Act as they apply to the Company: and

• b. Section 674 of the Corporations Act.

There is no excluded information as at the date of this notice, for the purposes of Sections 708A (7) and (8) of the Corporations Act.

ADVANCE ENERGY LIMITED Share issue ASX CODE: AVD www.advanceenergyltd.com.au

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