GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2011

May 16, 2011

1

==> picture [372 x 76] intentionally omitted <==

17 May 2011

Divestment of Arthur River Project to Lithex following admission to ASX

• Hazelwood is pleased to advise the admission of Lithex Resources Limited (LTX) to the Official List of the ASX.

• LTX has a conditional purchase agreement with Hazelwood for the acquisition of 100% of the Arthur River Project. Completion of the purchase is conditional upon LTX receiving approval to be admitted to the Official List of the ASX.

• The Arthur River Project, located in the Gascoyne region of Western Australia, comprises two granted Exploration Licenses, namely E09/1066 and E09/1067.

• LTX will issue 2,000,000 fully paid ordinary shares and 1,000,000 options to Hazelwood as consideration for the purchase of the Arthur River Project.

• Hazelwood’s holding in LTX represents approximately 4.6% of the ordinary shares on issue in LTX.

• The LTX prospectus closed oversubscribed, raising a total of $4,000,000.

Hazelwood, ATC and Hai Long Construction Company Progress Meeting