ASX/MEDIA ANNOUNCEMENT 14 April 2011 The Manager Companies...

ASX/MEDIA ANNOUNCEMENT

14 April 2011

The Manager
Companies Announcements Office
Australian Securities Exchange

NOTICE UNDER SECTION 708A OF THE CORPORATIONS ACT 2001

This notice is given by Adelaide Energy Limited (ACN 116 256 823)(ADE) pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth)the Act).

As previously announced to the ASX on 13 April 2011, the Company is completed a share placement with sophisticated investors. The company has received funds for 2 million fully paid ordinary shares at
$0.14 per share (total $280,000).

In accordance with section 708A(5)(e) of the Act, ADE give notice that:
1. ADE has issued the above shares (New Shares) without disclosure to investors under part 6D.2
of the Act.
2. As at the date of this notice, ADE has complied with:
a. The provisions of Chapter 2M of the Act as they apply to ADE; and
b. section 674 of the Act.
3. As at the date of this notice, there is no information:
a. that has been excluded from a continuous disclosure notice in accordance with the
ASX Listing Rules; and
b. that investors and their professional advisers would reasonable require, and would
reasonable expect to find in a disclosure document, for the purpose of making an
informed assessment of:
i. the assets and liabilities, financial position and performance, profits and
losses and prospects of ADE; or
ii. the rights and liabilities attaching to the New Shares.
Yours faithfully