ENERGY TRANSITION MINERALS LTD — Capital/Financing Update 2012

Oct 25, 2012

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26 October 2012

Company Announcements Office Australian Securities Exchange

Dear Sir/Madam

Cleansing Notice under 708A(5)(e) of the Corporations Act 2001

This notice is given by Greenland Minerals and Energy Limited (ASX: GGG) (the “Company”) pursuant to section 708A(5)(e) of the Corporations Act 2001 (“Act”).

The Company has today allotted 1,936,100 shares, this is the third and final tranche of shares to be allotted under the share placement announced on 1[st] October 2012. This allotment takes the total number of shares allotted to the fully subscribed 50,000,000 shares. A further 2,138,425 shares were allotted in lieu of corporate advisor and placement fees payable to a number of brokers for services provided in relation to the capital raising.

The Company notifies ASX under section 708A(5)(e) Act that:

• (a) this notice is being given under section 708A(5)(e) of the Act;

• (b) the Company issued the securities without disclosure to investors under Part 6D.2 of the Act;

• (c) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and with section 674 of the Act; and

• (d) as at the date of this notice, there is no information that is excluded information for the purposes of sections 708A(7) and (8) of the Act.

Yours faithfully

Miles Guy Company Secretary

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