ABN 55 095 006 090 ASX ANNOUNCEMENT 2 JULY 2007 Geodynamics drilling rig arrives in Brisbane Geodynamics Limited is pleased to announce that its Le Tourneau ‘Lightning Rig’ arrived in Brisbane over the weekend as planned. The rig has been fully unloaded from the ship and the first trucks are already enroute to the Company’s hot rock geothermal energy project near Innamincka in the Cooper Basin (see the attached two pictures). The Company intends to immediately assemble the rig upon arrival and complete the commissioning process. Geodynamics remains on track to begin drilling Habanero 3 around the end of the month. The first production scale well, Habanero 3, will enable production testing and will lead to the first formal proving of geothermal reserves by the end of the year. The Lightning drilling rig is an advanced oil and gas rig that is ideally suited to the drilling of deep geothermal wells. The acquisition of this rig by Geodynamics, and the engagement of Easternwell Drilling Services to crew and operate the rig, has positioned Geodynamics very well to proceed with Habanero 3 and its forward drilling program. Geodynamics is the largest and most advanced listed public company in Australia whose sole focus is on developing hot fractured rock (HFR) geothermal energy. HFR geothermal energy is produced using heat extracted from buried hot granites by circulating waters through an engineered, artificial reservoir or underground heat exchanger. Geodynamics has created the largest of these reservoirs in the world at its Cooper Basin site. For further information please check our website (www.geodynamics.com.au) or contact Dr. Adrian Williams or Paul Frederiks on + 61 7 3721 7500. Adrian Williams Chief Executive Officer The
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