GREEN360 TECHNOLOGIES LIMITED — AGM Information 2013

Nov 14, 2013

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Chairman’s Address Annual General Meeting Friday 15 November 2013

The past two years have been challenging times for junior resources companies in Australia. While overall conditions suggest an improving environment for Australian listed companies, the simple fact is that this positive sentiment has largely been absent from the micro-cap end of the market in 2012 and 2013. That said, we are now starting to see the ‘green shoots’ of change.

I am pleased to report that Lithex Resources is in a far better position than a lot of our peers. Our cash position is solid, but we are not complacent as money for exploration is a scarce commodity for a resource junior and we are very focused on getting the best value outcome for each dollar we spend.

Your current Board is relatively new to the Company. Our aim is to provide a focused approach for the Company, by being prudent with our cash balance, yet at the same time progressing our best assets. This process has resulted in a close review of the Company’s exploration portfolio. This will be followed by a surrender of non-core permits. We have also cut back on our corporate spend where possible. For example, we have moved out of the office in King Street and now operate from our homes with access to a virtual office, where we are located today. Like most companies we have reviewed a number of opportunities to ascertain whether any fit within our corporate model and have the potential to add shareholder value. That process is ongoing.

Brendan Borg, who has remained very committed and works tirelessly on our exploration effort, will provide you with a more detailed operational report following the formal AGM. However, without stealing his thunder, I am pleased to say that we have delivered some very exciting exploration results.

Our main area of work has concentrated on the Munglinup Project, in Western Australia, the prime graphite prospective project the Company acquired in late 2012. We commenced with our own VTEM survey over the northern tenements and then, towards the end of the financial year, we undertook a small drilling program in the central tenement. We were simply targeting the graphite potential, which we confirmed, but at the same time, with a certain element of luck – but that is exploration for you – we unearthed the potential for a nickelsulphide play in this region. Subsequently, we applied for additional permits to those we acquired through the Far North acquisition last year. Some of those applications have already granted. We are now applying a very focused exploration approach to the Munglinup area to understand its potential for both graphite and nickel-sulphide.

Level 28, AMP Tower 140 St Georges Terrace Perth WA 6000 Website. www.lithex.com.au email: info@lithex.com.au Tel: 08 9288 4408 ACN: 140 316 463 ASX code: LTX

Lithex Resources Limited (ASX: LTX)

Concurrently, we are retaining the most prospective of the balance of our tenement portfolio – Plumbago and Furniss East for graphite and Pilgangoora for lithium.

The Company has experienced significant change and disruption over a short period of time. We believe we have now stabilised the Company and set it on a path to grow shareholder value. We believe in, and are totally committed to the Company and the exciting future which lies ahead. We have improved the Company website to assist us in being able to keep you better informed of progress, going forward.

I would like to thank the other members of the Board for their valuable contribution to the Company and to existing management – Brendan Borg our Exploration Manager, and Neal Shoobert, our CFO and Company Secretary. I would also like to thank the previous Management and Board for their contribution, often during difficult times.

Finally I would like to thank the shareholders for their continuing support.

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David Williams Chairman