GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2012

Dec 2, 2012

3 December 2012

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Exploration Update Munglinup Graphite Project EM Data Highlights Strong Conductors

• SkyTEM data acquired over project area

• Several strong conductors identified

• Further 3D modelling being undertaken by CORE Geophysics

• Preparation underway for maiden drill programme

Lithex Resources Limited (ASX:LTX) is pleased to provide an update on the company’s Munglinup Graphite Project, located 100 km west of Esperance. The Munglinup Graphite Project is one of a suite of projects subject to a Heads of Agreement with Far North Minerals Pty. Ltd.

The available electromagnetic (EM) geophysical data has been acquired for the Project Area, covering approximately 65% of the 166km[2] total project area (Figure 1) The data was originally acquired by Geoforce Pty Ltd in 2007, and flown on 200m line spacing using the SkyTEM system. As graphite is one of the most conductive of all minerals, electromagnetic techniques are well suited to detect it.

Preliminary analysis has identified a number of strong conductors, interpreted to represent graphite rich horizons. In particular, the Munglinup Central tenement (E74/518) exhibits a 3km strike length of EM anomaly. (Figure 2)

Two strong lines of evidence indicate that this anomaly may be caused by graphite mineralisation.

• Three samples of surface graphite mineralisation assaying up to 23.1% Total Graphitic Carbon (as announced to the ASX 8 October 2012), located on the eastern side of the anomaly.

• The presence of the Halbert’s South Graphite Prospect, located 300m north of the (E74/518) tenement boundary, and the Halbert’s Main Graphite Deposit, located approximately 2km north of E74/518. The Halbert’s Main Graphite Deposit has a Measured and Indicated Mineral Resource of 1.47MT @ 18.2% fixed carbon.

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Lithex Resources Limited (ASX:LTX)

Further analysis of the EM data is being undertaken by CORE Geophysics, which will include 3D modeling and analysis of the identified anomalies and ranking of targets, which will assist Lithex in design of the maiden drill programme for the project.

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Figure 1 – Munglinup Graphite Project with acquired SkyTEM data

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Lithex Resources Limited (ASX:LTX)

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Figure 2 – Munglinup Central Prospect – EM anomaly and nearby graphite occurrences

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Lithex Resources Limited (ASX:LTX)

ENDS

For further information please contact the company on +618 9200 5885 or by email:

Rob Mandanici Managing Director rob@lithex.com.au

Malcolm Carson Non-Executive Chairman malcolm@lithex.com.au

Brendan Borg Exploration Manager brendan@lithex.com.au

Forward Looking Statement

This report may contain forward looking statements that are subject to risk factors which are based on Lithex Resources’ expectations relating to future events. Forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside the control of Lithex Resources, which could cause actual results to differ materially from such statements. Lithex Resources makes no undertaking to update or revise the forward-looking statements made in this report to reflect events or circumstances after the date of this release.

Competent Persons Statement

Information in this report relating to Exploration Results is based on data compiled by Mr Brendan Borg, who is a Member of the Australasian Institute of Mining and Metallurgy, and who is a full-time employee of the Company. Mr Borg has sufficient relevant experience to qualify as a Competent Person as defined by the 2004 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Borg consents to the inclusion of the data in the form and context in which it appears.

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