Parachilna Seismic Complete, Project Upgraded Wed, 15 Jul 2009 11:50:00 +1000       2 years, 10 months ago

ASX ANNOUNCEMENT 15 JULY, 2009 ________________________________________________________ Parachilna Seismic Completed Favourable Interpretation Upgrades Project ________________________________________________________ HIGHLIGHTS • • • • Parachilna seismic survey completed for 40 kilometres, to + 5000m depth Insulating cover and heat producing basement interpreted at favourable depths Project upgraded and intermediary drilling commenced Seismic supported by $3m REDI matched government funding SUMMARY Torrens Energy continues to rapidly advance its geothermal positions in South Australia with the completion of two separate 2D seismic surveys at its wholly owned Parachilna and Port Augusta Projects. While the Port Augusta survey is yet to be processed, seismic imagery from the Parachilna seismic survey has allowed geological formations and structures to be interpreted to 5000m depth. The seismic line at Parachilna cuts across the Parachilna Inferred Resource (780,000PJ) announced in August 2008, and the 132KV Port Augusta-Leigh Creek Power Line forming the north eastern part of the Far North Transmission Network (left).

The Parachilna Seismic Survey has been a stand-out success, with interpreted basement identified between approximately 3000-4500m overlain by a thick sequence of insulating cover, on eastern side of Lake Torrens (left). These results upgrade the overall prospectivity of the Parachilna Geothermal Play identified last year bringing the Company a step closer to deep drill testing of this outstanding, on-grid ‘hot rock’ target. Seismic expenditures are eligible for matched funding by a Federal Government Renewable Energy Development Initiative (REDI) grant, awarded in 2007 for $3m.

The grant covers the development of the Company’s innovative temperature field modelling exploration methodology (3DTFM). 32°S 138°E Leigh Creek Beltana Project Lake Torrens PARACHILNA SEISMIC INTERP. 780,000PJ RESOURCE Parachilna Project TORRENS ENERGY LTD SUSTAINABLE ENERGY – RENEWABLE ENERGY 64 Thomas Rd, West Perth WA 6005 PO Box 781, West Perth WA 6872 T: +61 8 9321 4566 F: +61 8 9321 4022 E: info@torrensenergy.com W: www.torrensenergy.com PARACHILNA INFERRED RESOURCE The seismic line traverses the Parachilna Inferred Resource located 150 kilometres north of Port Augusta.

In August 2008 Torrens Energy announced the first code compliant Inferred Geothermal Resource at Parachilna (ASX Announcement 20 August 2008). Two geological divisions with potential for ‘hot rock’ development have been identified, being the intrusive dominated Pre-Cambrian Basement, and Intrasedimentary targets higher in the sequence. PARACHILNA SEISMIC SURVEY The interpretation of the seismic, whilst still being refined by intermediary drilling underway, has thus far confirmed primary target “Basement” rocks (below, red) at depths between 3000 and 4500 meters on the western-most extension ....