GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2013

Aug 12, 2013

ASX ANNOUNCEMENT

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12 August 2013

High priority drill targets identified at Munglinup

• High priority VTEM nickel sulphide and graphite targets identified

• Significantly enhanced prospectivity for Nova style deposits

• Planning underway for follow up drilling and geophysical programs

• Extensive geological review of new targets is in progress

• Assay results from the second batch of samples due within a week

Lithex Resources Limited (ASX: LTX) is pleased to provide an update on exploration at its Munglinup Project in far south Western Australia (Figure 1). As announced on 29 July 2013, the prospectivity for nickel-copper deposits was recognised during the maiden drilling program targeting graphite on the Munglinup Central tenement (E74/518). Lithex is highly encouraged by the increased level of understanding of new targets, which show similar diagnostic characteristics to that of the Nova nickel-copper discovery made by Sirius Resources in July 2012.

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Figure 1: Lithex Southern WA Projects in the Albany-Fraser Belt

Lithex Resources’ Chairman David Williams commented: “We are highly encouraged by the recent progress in identifying a number of high priority targets in the Munglinup project area for drilling. This work has significantly enhanced the prospectivity of the Munglinup tenements. We are undertaking a review of these targets, planning follow up drilling and geophysical programs and look forward to providing regular market updates.”

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)

High priority VTEM nickel sulphide and graphite targets identified:

The Company has identified 22 strong, high priority electromagnetic conductors during detailed modelling and interpretation of VTEM data by geophysical consultants, Core Geophysics. The targets generated are for nickel sulphide, graphite, and nickel sulphide/graphite. The geophysical consultant has recommended 20 potential drill sites to test these targets (Figure 2). These sites are currently under review and will be prioritised as further geochemical and geological information becomes available.

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Figure 2: Strong, High Priority VTEM targets by target type

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Lithex Resources Limited (ASX: LTX)

Improved Geological Interpretation:

Lithex has commenced a detailed review of the geology of the region to gain a better understanding of the prospectivity of its Munglinup tenements for nickel and copper. The Company has engaged Dr. Jon Hronsky to provide an independent high level review of information gathered to date and of planned work programs once the next set of assays have been received. Dr. Hronsky has particular expertise in targeting for nickel sulfide deposits, and his work led to the discovery of the West Musgrave nickel sulphide province in Western Australia.

The discovery of the Nova nickel-copper deposit by Sirius Resources in July 2012, highlighted the potential to explore for a new type of Australian nickel deposit. The geological setting is analogous to deposits such as the Thompson and Voisey’s Bay nickel deposits in Canada, which occur in a Proterozoic mobile belt adjacent to an Archean aged craton. In the Australian context, the Albany-Fraser Orogen, of Proterozoic age, occurs adjacent to the Archean aged Yilgarn Craton. The discovery of Nova has opened up the possibility of discovering similar deposits in the Albany Fraser belt, in which the Munglinup Project is located.

Based on the initial geochemical results from Munglinup Central, indicating anomalous copper, nickel, cobalt and Platinum Group Elements (PGEs), combined with the geological units intersected, a Nova style deposit may be the most likely target. Features that the Munglinup Project shares with the Nova deposit include:

• Both located in the Albany Fraser Belt;

• Similar rock types present in both areas (mafic/ultramafic intrusives). The exact nature of these potential host rocks will be determined as more information becomes available;

• The presence of trace copper and nickel sulphides in early drilling;

• Anomalous levels of PGEs associated with elevated nickel and copper, which may indicate a magmatic source for the nickel and copper, rather that it being a product of weathering; and

• Strong EM anomalies that are interpreted to potentially represent massive sulphides.

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Figure 3: MCDD004 – Sulphides in mafic/ultramafic host

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Lithex Resources Limited (ASX: LTX)

Forward work program:

The next phase of exploration is currently being planned and will be finalised once the second batch of assays has been received. It is expected to include the following activities:

• Analysis of assay results from the second batch of diamond drill core samples. A total of 144 samples have been dispatched to Bureau Veritas Laboratory in Perth, with results expected shortly;

• Independent high level review by Dr Jon Hronsky;

• Based on the promising geological and geochemical results from Munglinup Central, a down hole EM (DHEM) survey is planned for September 2013 to more accurately define the airborne EM anomaly at depth;

• Planning of an RC drilling program to test the highest priority VTEM anomalies across the Munglinup tenements. This will be supported by soil sampling and ground EM surveys where appropriate; and

• Planning of an additional VTEM survey over E74/538. E74/538 contains a known surface nickel laterite occurrence (Boanaernup), which is considered prospective for nickel sulphides at depth.

Further Updates:

The next update will be provided once the second batch of assays has been received and once Dr. Hronsky’s review has been completed.

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Lithex Resources Limited (ASX: LTX)

Detailed Remarks on VTEM Conductors:

The following remarks on some of the high priority nickel sulphide targets are taken from the Core Geophysics report. The anomalies referred to are illustrated in Figure 2.

MU_VC3 and MU_VC4 are well defined, single line, mid to late time VTEM anomalies located along strike. They may represent part of a fragmented longer strike-length conductor. The conductive sources are likely to be of high conductance (time constant ~3.1 - 3.5ms) with a moderate easterly dipping geometry.

MU_VC9a and MU_VC9b are defined by strong, early to late time VTEM anomalism along an extensive north-south striking stratigraphic type response. The anomalies are well defined and are interpreted to represent moderate easterly dipping conductors of high conductance (time constant ~ 5.0 - 5.5ms). The long stratigraphic response lies adjacent to and in part coincident with a well-defined magnetic ridge located along the western side of the survey area which could be representative of ultramafic rocks. The conductive source of these anomalies could be related to graphite mineralisation and in the case of MU_VC9b a nickel sulphide target as well due to its coincidence with a strong magnetic high.

MU_VC15 is a strong, early to late time VTEM anomaly extending across three survey lines. The anomaly is best defined at its northern end on line 1170 where it persists through to channel 48 (~10.8ms). It has an exponential time constant of ~4.1ms which is indicative of high conductance. Modelling of the VTEM anomaly highlights a moderately extensive, highly conductive source dipping towards the east. The source of the anomaly could be related to massive nickel sulphide mineralisation.

MU_VC19 is a strong, late time, single line VTEM anomaly superimposed on a broad and strong palaeochannel type response of MU_VC20. The anomaly is characterised by a relatively short wavelength and persists through to channel 48 (~10.7ms). The conductor is coincident with a prominent NNE trending magnetic ridge and represents a genuine high conductance (time constant ~3.4ms) nickel sulphide target.

MU_VC21 is defined by 1.2km long, strong and broad VTEM anomaly that remains open to the north at the northern limit of the survey coverage. Its response on line 1010 is unusually short in wavelength and has a higher time constant (~3.9ms) than the majority of the anomaly. It is coincident with a magnetic high and represents a potential nickel sulphide target possibly sitting adjacent to a palaeochannel. Modelling of the anomaly highlights a reasonably extensive, highly conductive source dipping moderately towards the east.

MU_VC23 is characterised by a strong, mid to late time VTEM anomaly extending across four survey lines. The anomaly trends in a NNE direction oblique to the main direction of the magnetic stratigraphy. The associated conductor could be fault controlled and represents a potential nickel sulphide target. Modelling of the anomaly provided a reasonable fit to the observed response in the late time channels. Modelling results highlight the presence of a reasonably extensive, high conductance source that dips steeply towards the southeast.

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Lithex Resources Limited (ASX: LTX)

For further information please contact:

Neal Shoobert Rebecca Lawson CFO and Company Secretary Media Relations Lithex Resources Limited Mercury Consulting neal@lithex.com.au rebecca.lawson@mercuryconsulting.com.au (08) 9200 5885 (02) 8256 3332 or 0432 398 122

About Lithex Resources Limited:

Lithex Resources Limited is an exploration company now focused on unlocking the resource potential of Australia’s graphite-rich provinces. The Company shifted its focus and strategy in December 2012 when it successfully acquired Far North Minerals Pty Ltd. The transaction expanded the Company’s project portfolio, bringing on-board a tenement package covering 533km[2] of land in Australian regions considered highly prospective for graphite. The Company is currently focused on the Munglinup tenements in far south WA.

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 person’s 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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