GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2011

May 17, 2011

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18 May 2011

LITHEX RESOURCES LIMITED COMPLETES SUCCESSFUL INITIAL PUBLIC OFFER

Directors’ are pleased to announce the following milestones:

• Lithex Resources Limited (“LTX”) has completed its Initial Public Offer (IPO) and was officially listed on the Australian Stock Exchange (ASX:LTX) on Tuesday 17th May 2011.

• Lithex Resources Limited attracted very strong investor support; raising $4.0M in a heavily oversubscribed Initial Public Offer (IPO).

• Lithex will focus on exploration on its projects in the East Pilbara and Gascoyne regions of WA, with a view to taking advantage of the increasing global demand for Tin, Tantalum, Lithium & Rare Earth Metals.

• Project evaluation will commence immediately, with detailed mapping and sampling of the vast overburden and tailings dumps, un-mined deep leads and hard rock sources of rare metals on Lithex’s tenements.

• The Board of Lithex Resources Limited would like to take this opportunity to thank all of our existing shareholders who have supported us and welcomes our new shareholders.

• Our mission is to build a viable, long term business in the rare metals market, enhancing the Company’s assets and bringing wealth to shareholders.

Sincerely:

Malcolm Carson – Chairman

malcolm@lithex.com.au

Rob Mandanici – Managing Director

rob@lithex.com.au

Steve Crabbe – Director

steve@lithex.com.au

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