GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2012

Feb 28, 2012

29 February 2012

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EXPLORATION UPDATE

SHAW RIVER, PILGANGOORA & ARTHUR RIVER LITHEX TO TARGET HEAVY RARE EARTHS

• Lithex commences ground reconnaissance work at the Shaw River Project

• Potential for pegmatite hosted heavy rare earth mineralisation (HREE) at the Shaw River Project

• Pegmatites identified at the Pilgangoora Project with mapping & sampling activities underway

• Further application made for an additional exploration licence within the Arthur River Project

Perth Western Australia, Lithex Resources Limited (ASX:LTX) is pleased to provide an update on the company’s Shaw River and Pilgangoora Projects (located in the East Pilbara) and the company’s Arthur River Project (located in the Gascoyne).

Shaw River (East Pilbara)

Lithex has commenced ground reconnaissance exploration activities at its Shaw River Project, located 50 km south-west of Marble Bar. The Shaw River Project has historically produced tin and tantalum concentrates from alluvial sources. Lithex is targeting the hard rock sources of these alluvial deposits, in addition to the remaining un-mined alluvial deposits previously identified (Non JORC compliant).

In addition, Lithex notes the potential for pegmatite hosted heavy rare earth mineralisation (HREE) in the Shaw River area. Australia’s first rare earth mine was located on the project, which was worked in 1913 and 1930 and yielded about 2 tonnes of gadolinite (Yttrium iron beryllium silicate). An analysis of this gadolinite yielded 45.78% of yttrium trioxide (Y2O3) and 4.81% of other rare earth oxides (REO). See Figure 1 (Source: Geoscience Australia)

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Lithex Resources Limited (ASX:LTX)

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Figure 1 – Shaw River Project – Mineral Occurrences & Cooglegong Gadolinite

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Lithex Resources Limited (ASX:LTX)

Pilgangoora (East Pilbara)

At the Pilgangoora Project, located 120 km south-southeast of Port Hedland, ground reconnaissance exploration activities have commenced, targeting pegmatite hosted deposits of tin, tantalum and lithium. Several pegmatite bodies have been located in the field and will be the focus of initial sampling and mapping activities. See Figure 2.

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Figure 2 – Pilgangoora River Project – Mineral Occurrences & Mapped Pegmatite

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Lithex Resources Limited (ASX:LTX)

Arthur River (Gascoyne)

The Company also expects to recommence on-ground exploration activities next month at its Arthur River Project, located 250km east of Carnarvon in the Gascoyne Region. The company has recently applied for an additional tenement, exploration licence number E09/1963, adjacent to its existing granted exploration licence, number E09/1066. This tenement is considered to be prospective for tin, tantalum and other rare metals associated with lepidolite, molybdenum & tungsten associated with the granites and calcrete hosted uranium deposits. See Figure 3.

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Figure 3 – Arthur River Project – Mineral Occurrences & New Tenement Application

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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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