ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2009

Jan 21, 2009

Environmental Clean Technologies Limited

ABN 28 009 120 405

R&D Tax Offset

Monday, 22 January 2009: Environmental Clean Technologies Limited (ASX:ESI) advises that on 20 January 2009 The Australian Taxation Office (ATO) issued a cash refund (Research and development tax offset) including interest amounting to $263,307.90 to ECT in relation to the 2006 financial year.

ECT has registered its Research and Development activities for the 2007 financial year and is in the process of registering for the 2008 financial year with AusIndustry.

ECT is in the process of lodging similar research and development tax offset claims with the ATO for the 2007 and 2008 financial years, which are subject to the approval of the ATO, and anticipates receipt of comparative offsets this calendar year.

“Combined with the $220,000 raised from our recent Share Placement, the receipt of these additional funds mitigates the immediate cashflow impact of the recently announced delay in receipt of Tranche 2 of the Zero Coupon Convertible Note”, said ECT Chief Executive Kos Galtos.

For further information contact; Chief Executive Kos Galtos +61 (0)3 9684 0888.

Coldry Process

The world’s first economic method for dewatering brown coal, creating a high energy pellet with significantly reduced CO2 emissions compared to brown coal, while being suitable for export as a black coal substitute.

Matmor Process

A one-step method for producing low-carbon iron from inexpensive, abundant brown coals and metal bearing media such as mill scale, nickel tailings and low grade iron ore.

Level 1, 530 Little Collins Street  Melbourne  Victoria 3000  Australia  +61(0)3 96840888  www. ectltd.com.au