Investor Presentation - Wasabi Energy

Wasabi EnergyOur MissionOur aim is to become a global profitable clean andrenewable energy producer by building on ourstrategic investments in green power, cleantechnologies and water conservation.Wasabi controls unique technology and know how togenerate long term solutions to worldwideenvironmental issues.3

Segmented Market ApplicationsKalina Cycle Technology• Due to the superior thermodynamicproperties of the ammonia-water workingfluid, Kalina Cycle can utilise a wide rangeof low grade heat sources to generatepower.• These low grade heat sources can bedivided into two broad market sectors:‣ Industrial wast heat recovery‣ Renewable Energy Generation ProjectsEnhanced EnergyEfficiencyKalina CycleCement & Lime KilnsSteel Manufacturing/SmeltingPetrochemical ProcessingGas Turbine Bottoming CyclesGlass ManufacturingOther Industrial ApplicationsRenewableEnergy GenerationSolar ThermalGeothermal PlantsHydrogen & Biofuel CombustionOcean ThermalOther Renewable ApplicationsPrimary CycleBottoming Cycle10

Market - Enhanced Energy Efficiency• In most cases Kalina Cycle is a viable option due to its efficiencies overexisting technologies in recovering waste heat and converting it into power• GGL has and is forming strategic alliances with its Kalina Cycle licensees inkey segments ensuring maximum penetration of current and futureopportunities• The table represents potential power that can be generated if the KalinaCycle Technology was employed• Potential GGL Royalty charges from the cement industry at a low end of$50K p/MW equates to $750 million in revenuesEnhanced Energy Efficiency MarketCement & Lime KilnsSteel Manufacturing & Melting WorksPetrochemical; Processing PlantsCC Gas Turbine Bottoming CycleGlass manufacturing InfrastructureOther Industrial ApplicationsCurrentMarket (MW)15,000 MW10,000 MW9,700 MW1,124 GW4,000 MW25,000 MW2020Market18,500 MW11,750 MW10,250 MW2,224 GW4,150 MW25,000 MW11

Market - Renewable Energy Generation• The Kalina Cycle has been utilised in numerous renewable energy generationprojects, specifically in the geothermal sector• The size of the renewable energy generation market, specifically thegeothermal market is forecast to roughly triple in the next decade• This will provide GGL with a highly attractive and rapidly growing marketopportunity• The graph below is a summary of current and forecast Kalina Cycle marketpotential by renewable energy generation segmentRenewable Energy Generation Segments - 2020 Forecast80,000MW60,000MW40,000MWOther Renewable15K MWGeothermal Plants35K MWGGL is ideallypositioned with coretechnology& Licences20,000MWCurrentMarket2020ForecastHydrogen/Biofuel7.8K MWSolar Thermal20K MWOcean Thermal630 MW12

Potential RevenueStreams• The volume and size of revenue generating opportunities is expected to growas GGL’s diversified revenue model progresses•Licence fees for China generated US$2 million in revenue•In addition to the licensing fees, GGL continues to receive royalties of US$50,000 - US$150,000 per MW, based on the installed capacity of Kalina Cyclesystems•GGL generates multiple revenue streams from the following:✓ The sale of a Kalina Cycle unit for a project✓ The licensing of Kalina Cycle technology✓ The front end engineering design (FEED)✓ The margin on a EPC contract✓ The sale of power production to an off-taker✓ The sale of green certificates✓ The sale of power generating assets to a third party (transfer)13

Kalina Cycle in China•In December 2008, Global Geothermal granted SSNE anexclusive licence to develop renewable energy projectsusing the Kalina Cycle in China.•We assisted our licensee, SSNE, in the design phase of theKCT power plant that powers the 4,000 square meterprestigious Shanghai Corporate Pavilion at the EXPO 2010in Shanghai.•SSNE is building up to 50 (1-6MW) Kalina Cycle plants peryear. Waste heat recovery in China utilising Kalina isestimated to be ~10,000MW14

Case StudySumitomo MetalsKashima Kalina Cycle Plant Japan•In 1999 at the Kashima steel works we installed the worlds first generating system that makes use of lowtemperaturewaste water sourced from the steal converter used to cool the exhaust gas ducts.•The system harnesses this heated water and generates electricity using a working fluid composed of aspecific balance of ammonia and water which has a lower boiling point that plain water.•Generating efficiency is approximately 40% higher than the conventional system using CFC’s that continueto deplete the earths ozone layer.•The system saves approximately 6.6 million litters of crude oil or 17,000 tons of CO2 each year.•More than 10 years after installation, the Kalina Cycle system at the Kashima plant continues to operatesuccessfully and produces savings in excess of US$3.3 million per annum.15

AR Fuels17

Australian Renewable FuelsLimited• AR Fuels is a respected Australian biodiesel producer• Listed on the ASX• Capitalised at AUD$7 million with plant replacement valueof over AUD$60 million18

Why Biodiesel?• Identical quality to mineral diesel• Much lower carbon foot print• Massively lower noxious gases• Sustainable (non food base)• Competitive (including new excise)• Regional• Secure with regard to sourcing19

Biodiesel base model• Two “identical” plants with minordifferences in storage tankcapacity• Replacement value AUD$35 mmper plant• Design capacity 45mm litres perplant (max capacity is 53mm)• Successful third party inspected30 day test at full capacity20

UniqueARF Adelaide PlantAdvantages•Wasabi has bought into ARF, which holdssignificant assets, at a distressed price of 1cper share.•A total of $70 million has been invested in twoBiodiesel plants with total capacity of 90+million litres per annum•Currently operating at less than 10% capacitywith a target of 40% capacity by June 2011•Governments are mandating the use ofbiodiesel as part of the green initiatives whichwill necessitate new plants that will need tojustify ROI•Seen as a consistent and quality supplier tomajor industry including Oil Majors, MiningOperators, rail, Transportation and farmingNew picARF Picton Plant21

Attractive, Competitive Margins• 1 ton of feedstock produces 1,150 litres of biodiesel fuelFeedstock ($700/ton) 60.8cReagents, Overheads, labour 22.5cTotal 83.3cSell Price ($80/bbl oil) 97.7cSell Price Glycerin 2.5cSell Carbon Credit 1.5cTotal Margin18.4 cents per litreThis representspotential $8.5mnet revenues per plant22

Aqua Guardian Group23

UniqueAdvantages•Aqua Guardian Group brings to marketmethods to manage and protect the preciousresource of water•First product release is ‘AquaArmour’evaporation system•Average dam levels reduce up to 3.5 metresper year - equating to a loss of 18 x the volumeof Sydney Harbour annually•AquaArmour prevents up to 88% evaporationloss and reduces UV penetration and watertemperature inhibiting algal growth•Only global evaporation control system suitablefor major dams and water storages•It is far cheaper to save water than produce itTechnologyDesalinationRecyclingFederal water rights aquisitionsAquaArmourCost Per/ML$1K - $4.3K$1.45K - $5.8Kcirca $0.8K$0.5K - $0.95K**Before grants and subsidies24

90% Radiation is deflectedMoulding ToolFunctionalityMarket Size & PotentialSimulation•Evaporation in Australia alone represents around 4 timesthe annual rainfall•The value of this water loss to evaporation at an averageof $300 p/MGL is around AUD$3 billion annually• Significant potential exists for the product in mining,agriculture, irrigators and urban water storage authorities25

Projects in PlayCurrent Projects‣IHD In-store stock requirements 2.2 ha $ 616,000‣GWM Water – Ouyen deployment 2.0 ha $ 600,000‣Mining operations (3) 20 ha $6.0m‣Town water supplies (3) 9.1 ha $2.73m‣Primary Producers (5) 3.0 ha $900,000‣Tourist resort (1) 1.6 ha $560,000Total 37.9 ha $11,406,00Opportunities with formal interest expressed‣Mining operations (3) 30ha $9,0m‣Town water supplies (6) 20ha $6.00m‣Industrial (1) 1.0ha $300,000‣IHD Group (sales target) 50ha $15.0mTotal 101 ha $ 30,300,00026

Board of DirectorsA Highly Qualified and Respected Team• John Byrne - Executive Chairman• Stephen Morris - Executive Director• Dr. Malcolm Jacques - Executive Director• Bob Reynolds - Non-Executive Director• Bob Vallender - Non-Executive Director• Alwyn Davey - Company SecretaryLawyersAuditors28

FinancialInformationCapital Structure‣ 1,425,182,451 Ordinary Shares‣ 424,168,164 options exercisable at 1cExpires October 2011‣ 50,000,000 options excisable at 1.6cExpires September 2012‣ 8,000,000 options exercisable at 2cExpires September 2012Director and Associate ownership - 40%Balance SheetCurrent assetsNon-current assetsTotal assetsLiabilitiesTrade & Other payablesBorrowingsTotal LiabilitiesNet AssetsShareholder’s equityIssue capitalReservesAccumulated lossesNon controlling interestTotal shareholder equityAs at 31 December 2009$7.494M$2.357M$9.851M$1.743M$1.619M$3.363M$6.488M$33.957M$1.426M$28.773M`$0.12M$6.488M29

Objectives for 2011List Wasabi on AIM and possibly the TSX toexpand its exposure to international investors• Formalise agreements with strategic engineeringgroups for the sale and installation of Kalina CycleSystems• Secure contacts to build at least two Kalina CyclePlants at steel and cement plants outside of China• Refit the Husavik geothermal plant in Iceland• Assist ARF to achieve profitability• List Aqua Guardian Group30

Earnings Potential• A 10Mw Kalina plant is estimated to deliver EBITDA of$1.5 million to Wasabi• Wasabi expects to be building 100MW of new plantsannually within 5 years• Royalty income from China alone is expected to grow to$12 million within four years• Wasabi will participate either directly or indirectly inbuilding and owning its own plants - a 15MW geothermaldevelopment could be worth plus $75 million for Wasabi• Wasabi will generate additional earnings from the creationand sale of carbon credits31

Thank YouDocument available at www.wasabienergy.comJuly 201032