THORNEY TECHNOLOGIES LTD — Capital/Financing Update 2007

Mar 11, 2007

1990 la la la la la la la la la la la la la --------------------------------------

AUSTRALIAN RENEWABLI FUELS LUMTER

AUSTRALIAN RENEWABLE FUELS LIMITED

ABN 66 096 782 188

SUITE 18, LEVEL 5 SOUTH SHORE PIAZZA 85 SOUTH PERTH ESPLANADE SOUTH PERTH WA 6151

P.O. BOX 837 SOUTH PERTH WA 6951

$TEt$ +61893633500 $FAX$ 161893633511 E-MAIL Info@arfuels.com.au MEER www.arbeis.com.au

Monday 12 March 2007

ASX Release

Company Announcements Office Australian Stock Exchange Limited 10^th Floor, 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam,

Achievement of production volumes and quality for Grant

Australian Renewable Fuels Limited (ASX code: ARW) is pleased to announce that it has received independent expert verification that for a continuous 30 day period the volume and quality of biodiesel production met all applicable fuel standards to meet the requirements of the Commonwealth Government Funding Deed.

The Company is finalising its application for the payment of \$5.35 million being the balance of the Capital Grant.

For further information, please contact:

Australian Renewable Fuels Limited John Lillywhite CEO - Australia T: 08 9363 3500 E: info@arfuels.com.au

ENDS