Invest in Australia’s

Clean Energy Future

Annual General Meeting

Presentation 2011

This presentation contains certain statements which may constitute “forward-looking statements”. Such statements are

only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance

or achievements to differ materially from those expressed, implied or projected in any forward-looking statements.

No representation or warranty, expressed or implied, is made by Greenearth Energy Limited (“Greenearth Energy” or the

“Company”) ABN 60 120 710 625 that the material contained in this presentation will be achieved or prove to be correct.

Except for statutory liability which cannot be excluded, the Company disclaims responsibility for the accuracy or

completeness of the material contained in this presentation and excludes all liability whatsoever (including in negligence)

for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or

any error or omission.

The Company accepts no responsibility to update any inaccuracy, omission or change in information in this presentation.

Important Notice

Corporate Overview

Greenearth Energy

An Australian geothermal exploration and development company listed on the Australian

Stock Exchange (ASX:GER) with a current market cap of $7M

Share Capital 104M Shares – Plus Unlisted Options

Substantial

Shareholders

• Advance Publicity Pty Ltd 15.80%

• Lakes Oil N.L 13.21%

• ERDI Fuels Pty Ltd 12.92%

Shareholders T20

Top 20 Shareholders hold 62.58%

Total Shareholders = 1,188

Board & Management

Robert J. Annells CPA, F.Fin

(Non Executive

Chairman)

Forty years experience in the securities industry. Executive Chairman of Lakes Oil N.L, and

Non-Executive Director of Rum Jungle Uranium Ltd.

Mark Miller B.Sc (Maj Geology)

(Managing Director)

Extensive senior management experience across a number of industries both domestically

and internationally. Mark Miller is also a tertiary qualified geologist.

Robert L. King B.Sc, Dip Ed. M Env.

Studies

(Executive Director)

Twenty five years experience working for the Geological Survey of Victoria. Led a team

that reviewed the geothermal potential of Victoria and produced a report that formed the

basis for the current geothermal legislation.

John T. Kopcheff B.Sc (Hons) SPE, AIMM,

AAPG, PESA

(Non Executive

Director)

John Kopcheff is a geologist and geophysicist and has extensive petroleum exploration

and production experience both domestically and internationally. Mr. Kopcheff served as

the Managing Director of Victoria Petroleum N.L. till July 2010 and now holds the role of

Advisor to the Board. He is also a director of Great Panther Silver Limited, a TSX listed

silver mining company.

Strategy

Since the company’s

inception, our strategy has

evolve in response to

trends and opportunities in

the renewable energy and

energy efficiency arenas.

Greenearth Energy today

is a diversified renewable

energy company.

We have successfully

developed a strategically

positioned suite of world

class, immediate, medium

and long term renewable

energy and energy

efficiency technologies

and projects.

Our Domestic Permit Areas

Greenearth Energy was awarded three

geothermal exploration permits (GEPs) in May

2007 by the Victorian Government:

• Geelong (GEP10) – Victoria’s 2nd Largest City

• Latrobe Valley (GEP12/13) – Gen Hub of SEA

• Over 18,000 Sq km of prime permit area

• Crucial grid infrastructure and proximate heavy

industry the most advantageous routes for

commercialisation

Geelong Geothermal Power Project (GGPP)

The Project

The Geelong Geothermal Power Project (GGPP) located northwest of the

township of Anglesea is targeting to become Victoria’s first grid connected

geothermal power plant.

The Hot Sedimentary Aquifer (HSA) geothermal resource has been assessed

as having the potential to deliver up to 140MWe zero emissions, base-load,

renewable energy for more than 30 years. 12MWe Demonstration (4Ha) has

the potential to power up to 8,000 domestic dwellings.

The Stages

Stage 1 Proof of Res/Con 2 Wells + Flow Test $31.8m ($5m)

Stage 2 Demonstration 4 Wells + 12MWe $72.3m ($20m)

Government Support

Stage 1 Proof of Resource State Grant $ 5m

Stage 2 Demonstration State Grant $20m*

* Subject to a successful Stage 1

Geelong Geothermal Power Project (GGPP)

Onshore Gippsland & Latrobe Valley

The Region

The Latrobe Valley is south eastern Australia’s brown coal

fired generation hub with 6,000MWe of installed capacity and

responsible for 22% of the nations greenhouse gas emissions.

Dual Geothermal

System Project

Dual Geothermal System Project

The Project

Greenearth Energy and RMIT University have teamed together to develop an

efficient dual geothermal system that uses naturally occurring, hot saline

water, from geothermal reservoirs that can simultaneously produce electrical

power and fresh water (desalination)

Concentrating

Solar Power

Concentrating Solar Power The Demonstration

Conveniently located only minutes from Melbourne’s CBD

The first demonstration of the Z20 CHP Technology outside Israel with a target commission date late 2011

Electrical energy (electricity) exported to the grid

CO2 to Fuel

Conversion Technology

The Partnership

Greenearth Energy has secured a worldwide

Research and Licence Agreement from the

Weizmann Institute of Science Israel for a

revolutionary technology that has the ability to

convert CO2 emissions into fuel.

The Market

32,000 tonnes of CO2 emitted into the worlds

atmosphere every 60 seconds*

Coal fired (brown & black) generation plus other

heavy emitting industries

Existing generators (retrofit) and new generation

applications

Huge worldwide technology application potential

* UN Statistics Division Data

CO2 to Fuel Conversion Technology

The Opportunity

The potential to turn our global CO2 challenge into

an opportunity. Production of commercially viable

fuels from CO2 emissions Represents a paradigm shift in

the global CO2 challenge

Potential to be a viable alternative to CO2 sequestration

Technology laboratory proven

CO2 to Fuel Conversion Technology

Biomass Gasification

Biomass Gasification

Biomass Waste-to-Energy Gasification

Biomass waste-to-energy gasification has the ability to convert

municipal and other solid waste steams into electric power or other

valuable products such as fertilizers and Syngas.

The Technology

Gasification is a well established, flexible and reliable technology that

represents an environmentally sustainable way to transform carbon

based material such as biomass and municipal solid waste (MSW) into

synthetic gas (Syngas) which can then be used itself as a high cost,

pollutive fossil fuel replacement.

The Opportunity

Low value waste that would typically be dealt with by way of landfilling

or incineration can be converted to Syngas and replace high cost,

pollutive fossil fuels reducing generation costs (and subsidies) and

greenhouse gas emissions. Positive economic, social and

environmental outcomes.

Energy Efficiency

Energy Efficiency

The Technology

Electronic ballast and systems for industrial and commercial

High wattage lighting

Our Focus

Warehousing & logistics, large retail, outdoor, and street lighting

The Opportunity

30-65% improvement in industrial lighting energy consumption

Responds to daylight (daylight harvesting)

Flexibility when you change the layout of equipment

Automation removes need for operator intervention

*Actual case study results achieved and available on request

Products

SmartHID™ Electronic Ballasts

• 100 – 450 watt HPS & MH

• 50 – 150 watt HPS & MH

• Gear Sets for OEMs

• LED compatibility

EcoBOX™ & EcoPOD

• Designed for new and retrofit applications

• Enables reuse of existing fixture bodies

The Right Fixture • Increased fitting efficiency

• Pre-installed electronic ballasts & retrofit kits

• Reduced installation time

• Asymmetric fittings for long aisles

Pipeline

Category

OEM Sales Multiple

Early Sales Growth Prospects

Retrofit

New Building

Product Sales

Multiple

Multiple

Purchasing Options

Financed Paid up front

Capex = $270k

Energy Savings = $100k pa

Simple Payback = 2.7 years

Capex = $0k

Energy Savings = $100k pa

Finance Lease = $69k pa

Cash Flow Impact = +$31k pa

Clean Technology

Equipment Sales

Clean Technology Equipment Sales

The Technology Heat to electricity technology

On-site steam turbines

Services

The Opportunity Utility power, renewable power, and waste heat to energy

systems

Temperatures > 80C

Growing worldwide

Comparative Advantages Backed by Pratt & Whitney Power Systems

Regional rights (Australia, NZ, PNG, Pacific)

Limited competition

Gympie Timber Company

Family owned company

Biomass to Electricity

Energy Neutral Operations

Commissioning Dec 11

Bioenergy Conference Tour

– 100+ people