SCIDEV LTD — Capital/Financing Update 2010

Apr 6, 2010

ABN 25 001 150 849

Level 3 2 Elizabeth Plaza North Sydney NSW 2060 Australia PO Box 1507 North Sydney NSW 2059 Australia

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ASX code: INL

Phone: 02-9925-8170 Fax: 02-9925-8110 Email: mail@intec.com.au Website: www.intec.com.au ASX code: INL

Companies Announcements Office Australian Securities Exchange

7 April 2010

GALVANIZING PROJECT UPDATE

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Figure 1: John Moyes (Technical Director, Intec Ltd), Frank and Vince Gucciardo (Directors, GB Galvanizing Service Pty. Ltd.), Philip Wood (Managing Director & CEO, Intec Ltd) and Andrew Tong (Project Manager & Senior Research Metallurgist, Intec Ltd) holding sheets of high-grade zinc metal cathode produced during Phase 1 testwork operations at Intec’s Brookvale pilot plant.

Intec Ltd (ASX code: INL) is pleased to announce that following the successful operation of Phase 1 continuous pilot trials between November 2009 and February 2010, it has now lodged the provisional patent for this application of the Intec Process technology.

While the details of the Phase 1 trial outcomes remain confidential pending the completion of protocols between Intec, EPA Victoria (which is supplying $780,000 of HazWaste funding for the research, demonstration and engineering portion of the proposed $2.85 million project) and GB Galvanizing Service Pty. Ltd. (GBG), some key outcomes have included:

• Testing a range of operating variables in order to frame the key operating parameters for the technology.

• Total of 175 hours of operation, during which 289 litres of spent pickle acid were recycled.

• Both the recovery and electrowinning of zinc metal product, and also iron separation and recovery, were successfully demonstrated.

Intec is now looking forward to Phase 2 of the testwork programme, during which specialised product recovery equipment will be constructed and operated at Intec’s Burnie Research Facility, and during which 50,000 litres of GBG’s spent galvanising pickle liquor will be recycled to produce high-quality products.

With the high-grade zinc metal and fresh hydrochloric acid products to be re-used by GBG in its galvanising operations, and the iron and calcium sulphate products to be sold for re-use in industry, the provisionally patented Intec Process for recycling of spent pickle liquor and other metal-bearing galvanising industry wastes potentially offers an economically and environmentally-superior ‘zerowaste’ outcome for widespread galvanising industry application.

Yours faithfully Intec Ltd

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Philip R Wood Managing Director and Chief Executive Officer

About Intec Ltd

Intec Ltd is an Australian company which owns the Intec Process for superior and sustainable metals production. The Intec Process comprises a set of patented chloride-based hydrometallurgical processes that have been demonstrated to produce high purity base and precious metals from concentrates of sulphide and oxide ores, tailings and industrial wastes. The Intec Process has substantial environmental and cost advantages over both the widely used conventional smelting and refining processes and other known hydrometallurgical processes.

The galvanising industry project follows Intec’s very successful demonstration of the use of its specialised reagents and technology for the environmentally and economically superior recovery of heavy metals from liquid and sludge industrial waste feedstocks. It is expected that Intec’s intellectual property derived from its waste metals recovery technology will have broad application for mine tailings water, industrial waste water and waste sludge treatment, both nationally and internationally.