Halosource Inc : Settlement of litigation

FOR IMMEDIATE RELEASE

21 November 2013

HaloSource, Inc.

("HaloSource" or "the Company")

Settlement of litigation

Seattle, U.S.A.- HaloSource, Inc. (HALO.LN) today announces that Molycorp Minerals, LLC, and HaloSource, Inc. have reached a mutually beneficial settlement of all pending claims against each other.

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About HaloSource

HaloSourceis a global company headquartered in Seattle, Washington U.S.A. that develops technologies to disinfect and purify the water we drink, play in and return to the environment.

·      HaloPure® media became the first drinking water technology in 30 years to be registered by the United States Environmental Protection Agency ("USEPA"). In 2010, HaloPure® media was approved by China's Ministry of Health ("MOH") and widely recognised as the world's most stringent performance requirements for water purification, a key differentiator for our multi-national partners.

·      SeaKlear® Pool and Hot Tub treatment products bring both natural biopolymers and antimicrobial applications for treating recreational water.

·      HaloKlear® products employ natural biopolymers to provide water clarification on an industrial scale with dramatic reductions in ecological impact. In 2013, the Florida Department of Transportation (FDOT) added HaloKlear DPS (Dual Polymer System) as a reimbursable pay item to a list of construction water treatment Best Management Practices. It is the only all-natural, fully biodegradable polymer to be approved for this designation for use in all applicable FDOT projects. The product was also designated by the Washington State Department of Ecology in 2013 for General Use in construction and industrial applications.

HaloKlear, HaloPure, SeaKlear and HaloShield are either trademarks or registered trademarks of HaloSource, Inc. All other trademarks, brand names or product names belong to their respective holders.