GREEN360 TECHNOLOGIES LIMITED — Interim / Quarterly Report 2013

Oct 28, 2012

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QUARTERLY ACTIVITIES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2012

Lithex Resources Limited (ASX: LTX) is an Australian exploration company focused on developing its tin, tantalum, lithium & rare earth metal projects in the East Pilbara & Gascoyne regions of Western Australia.

Summary & Highlights

• HyVista Hyperspectral Survey to test the potential for pegmatite hosted Heavy Rare Earth Mineralisation at Shaw River completed with target zones for pegmatites identified

As at release date of 29 October 2012:

Issued Shares: 53.567M

Options: 18.62M @ $0.08 – $0.30C

• Expansion into Graphite via the execution of a Heads of Agreement to acquire a significant and exciting package of tenements prospective for graphite mineralisation

Market Cap: $2.46M

Cash: $1.288M (as at end of Quarter)

Debt: Nil

• Initial rock chip sampling has returned between 8.6% and 23.1% Total Graphitic Carbon (TGC)

For further information please contact:

Rob Mandanici Managing Director +61 8 9200 5885

• Fully Underwritten 1 for 2 Entitlement Rights Issue announced and Share Placement completed

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Project Overview

Lithex’s projects are located in the East Pilbara & Gascoyne regions of Western Australia and total in excess of 780km[2] in area. The East Pilbara projects are well placed with the majority of areas accessible via sealed roads and within close proximity to regional townships of Marble Bar & Port Hedland. Arthur River is accessible via road north east of Gascoyne Junction - see Figure 1 .

In addition to these projects, Lithex has recently entered into an agreement to acquire Far North Minerals Pty Ltd (Far North) a company with a package of tenements within Australia that are considered prospective for graphite mineralisation.

This package of tenements covers a total area of approximately 533km2 with projects located in Western Australia (Munglinup Project) and South Australia (Eyre Point Project) along with a number of other projects in New South Wales and Queensland.

Due Diligence has been completed and this transaction is still subject to a number of conditions precedent including but not limited to Lithex

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Figure 1 – East Pilbara & Gascoyne Project Location

obtaining shareholder approval. These projects and the associated transaction are covered in more detail towards the end of this report.

Shaw River Project

The Shaw River Project consists of Exploration Licence E45/3354 (90%) and E45/3439 (90%) and is located approximately 50 kilometers south west of Marble Bar. The Shaw River area 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).

www.lithex.com.au

September 2012 Quarterly Report

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During the quarter Lithex progressed with its exploration activities including continued data compilation, further radiometric evaluation and on-ground activities, with the focus on Heavy Rare Earth Elements (HREE).

HyVista Corporation has completed the Airborne Hyperspectral survey across the entire Shaw River group of tenements, an area totaling approximately 418km[2] . The aim of the hyperspectral survey was to identify pegmatite rocks through an airborne survey that measures subtle differences in the wavelengths of light emitted by different mineral assemblages.

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Photo 1 – View across the Shaw River Project from the Hillside – Marble Bar Road

The images for the minerals montmorillonite (red) and muscovite – MS5 (green) show dykes which are probably pegmatite, with a distinct zone of dykes defined by montmorillonite in the north east of the area, as shown in red on the following image. See Figure 2 (Source: HyVista HyMap Survey Processing Report)

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Figure 2 – Shaw River Project – Airborne Hyperspectral Survey.

www.lithex.com.au

September 2012 Quarterly Report

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Pegmatites in the Shaw River area are known to host heavy rare earth, tin, tantalum and lithium mineralisation. 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 3 (Source: Geoscience Australia)

Field based mapping and sampling to follow up the prospective areas highlighted by the survey commenced during the quarter and the company will continue to provide updates when appropriate.

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Figure 3 – Shaw River Project – Mineral Occurrences & Cooglegong Gadolinite.

www.lithex.com.au

September 2012 Quarterly Report

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Corporate Update & Post Quarter Transaction

Expansion into Graphite

On 4 October 2012 Lithex announced the execution of a Heads of Agreement (HoA) for the acquisition of eleven significant graphite tenements located within Australia. This acquisition is consistent with the Company’s focus on strategic minerals.

The tenement package delivers the Company a major new opportunity in the graphite market which has seen prices more than double in the since 2009 and which is facing future growth potential, with strong demand for corrosion resistant alloys and structural strength in castings; together with new and expanding demand for Li-ion batteries used in electric vehicles.

The acquisition of the tenements is via the acquisition of Far North Minerals Pty Ltd (FNM), which owns the rights to 100% of the tenements.

The graphite tenement package is comprised of eleven tenements with a total area of 533 km2 located in four Australian States- see Figure 4 . Three tenements make up the Munglinup Project in Western Australia, one comprises the Eyre Point Project in South Australia, five cover various historical showings located in New South Wales, one covers the Furniss East Project in Western Australia, and one covers the Emu Plain Project located in Queensland.

The projects are located in the main known graphite provinces in Australia, including the Munglinup Region of Western Australia and the Eyre Peninsula of South Australia- see Figure 4 .

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Figure 4 – Graphite Project Location

www.lithex.com.au

September 2012 Quarterly Report

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No recent or systematic exploration program has been carried out for the exploration of graphite on any of the acquired tenements. The tenements are considered highly prospective for occurrences of graphite.

Munglinup Project

The Company considers the flagship property to be the Munglinup Project. The Munglinup Project consists of three separate tenements covering an area of 174 km2 located in the far south of Western Australia between the regional towns of Esperance and Ravensthorpe. The Project is located along strike and contiguous with the eastern and southern sides of the Munglinup Deposit – see Figure 5 , which is held by Graphite Australia Pty Ltd.

The Munglinup Deposit is anticipated to be Western Australia’s first commercial graphite mine. The Munglinup Deposit and the historical estimate related thereto is separate from Lithex’s Munglinup Project area, but the Company believes that there is potential for similar style mineralisation to occur within the Munglinup Project.

During a recent field program by an independent consulting geologist, an area of sub-cropping graphitic gneiss was located near the north end E74/518 and graphitic gneiss float was located 700 m south of the area of sub-cropping graphitic gneiss. The area of sub-cropping graphitic gneiss corresponds with the strong northsouth trending EM anomaly.

Initial rock chip samples submitted to a commercial laboratory from outcropping graphite returned between 8.6% and 23.1% Total Graphitic Carbon. Airborne electromagnetic data shows a significant anomaly to be coincident with the stratigraphy that hosts the Munglinup Deposit – see Figure 5 .

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Figure 5 – Munglinup Graphite Project

www.lithex.com.au

September 2012 Quarterly Report

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Photo 2 – Graphite Specimen from the Munglinup Project

The Munglinup Project is also considered to have untested potential for nickel deposits, with several nickel occurrences noted in the vicinity.

The EM data will be used to prioritise areas for drilling.

The Munglinup Project will be the Company’s first priority for drilling after further mapping and sampling, geophysical acquisition and EM ground surveys.

Eyre Point Project

The Eyre Point Project area is located 15 km to the north of the Uley Graphite Mine and covers three prospective areas within 71 km2.

The Uley Graphite Mine is a historical open-cut graphite mine at Uley on the Eyre Peninsula, South Australia and has recently been purchased by Mega Graphite Inc.

Uley is recognised as an area of world class flake graphite mineralisation. The Uley graphite deposit is part of the Mikkira Graphite Province, one of the largest coarse flake graphite deposits in the world, containing disseminated, high-grade flake graphite.

The Company’s Eyre Point Project is located on the eastern Eyre Peninsula, where numerous graphite occurrences have been recorded over a 200 km long zone extending from south of Port Lincoln to Kimba.

New South Wales Projects

There are 14 recorded occurrences of graphite in New South Wales, all of which are in the area covered by the five tenements under acquisition, covering a combined area of 228 km2. They occur in two main areas in the New England Orogen: Undercliff Falls, north of Tenterfield; and Walcha, south of Armidale.

The most exciting of the projects is the Plumbago and Winterbourne occurrences.

The Plumbago occurrence is located in the Undercliff Falls area and hosts the Plumbago deposit where a total of 3000 tonnes has been mined in the past according to historical records from the New South Wales mines department. In the Undercliff Falls area there are nine separate graphite localities which includes the

www.lithex.com.au

September 2012 Quarterly Report

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George Creek, Falls Creek, Nicklaus, Half Moon, Circular Quay Gully, Hutt Spur occurrences.

The Winterbourne occurrence contains the formerly operating Winterbourne graphite mine and is developed in a north-trending micropegmatite dyke that intrudes granitic stocks of the Cheyenne Complex, Hillgrove Supersuite.

The dyke is 2m to 30m wide and is exposed over a distance of about 250m. It contains abundant segregations of fine-grained graphitic material.

Queensland Projects

The Emu Plan project is located 10 kilometres to the south east the abandoned Jacks Creek Graphite Mine. The project hosts the same stratigraphical sequence; however no records of historic production, size of the resource, or grade are available.

Geological Exploration Program

Under the terms of the HoA the Company has agreed to reimburse Far North for exploration costs of up to $50,000 to the completion date and the Far North and Lithex exploration teams have been working together since this transaction was announced in order to progress the planned exploration program.

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Photo 3 – Graphite Specimen from the Munglinup Project

Placement & Entitlement Issue

The Company appointed CPS Securities to assist with an entitlements issue and placement to raise additional equity to fund exploration on the Graphite Projects and to fund its ongoing exploration requirements for its current projects, as well as additional working capital.

CPS Securities agreed to immediately place 6,987,000 million shares at 5 cents per share with a 1:2 free attaching option exercisable at 8 cents on or before 31/12/2015, to raise an initial $349,350 (before costs) under the Company’s 15% placement allowance.

www.lithex.com.au

September 2012 Quarterly Report

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This is being followed by an underwritten 1:2 entitlement issue at 5 cents per share with a 1:2 free attaching option exercisable at 8 cents on or before 31/12/2015, to raise up to $1,339,175 (before costs).

For further information on the company’s expansion into graphite, the proposed transaction and a full list of the conditions precedent please refer to the announcement made to the ASX on 4 October 2012 and the subsequent announcement relating to the Munglinup Project made to the ASX on 8 October 2012.

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Table 1 – Initial rock chip sample locations – Munglinup Project

ENDS

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

Rob Mandanici Managing Director rob@lithex.com.au

www.lithex.com.au

September 2012 Quarterly Report

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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 – For information relating to existing Lithex Projects

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.

Competent Persons Statement – For information relating to Far North Projects

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Andrew Spinks, who is a Member of The Australasian Institute of Mining and Metallurgy included in a list promulgates by the ASX from time to time. Andrew Spinks is a consultant to Far North Minerals Pty Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Andrew Spinks consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

www.lithex.com.au

September 2012 Quarterly Report