ELEMENT 25 LIMITED — Capital/Financing Update 2008

Aug 25, 2008

ASX RELEASE

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26 August 2008

ROBINSON RANGE JOINT VENTURE UPDATE

ASX CODE: MZM ISSUED SHARES: 41.69M 52 WEEK HIGH: $0.36 52 WEEK LOW: $0.10

CONTACT:

JUSTIN BROWN Managing Director +61 8 9228 4833

The Company wishes to advise that Montezuma and our Joint Venture partners in the Robinson Range Project, Greater Pacific Gold Limited (“GPN”) have agreed to terminate the Joint Venture effective immediately.

Montezuma will retain 100% interest in the project tenements that it held prior to entering into the JV with GPN, and similarly, GPN will retain the ground that they brought into the partnership.

BOARD:

Denis O’Meara: Chairman Justin Brown: MD Terry Grammer: Non-Exec Ian Cornelius: Non-Exec

This dissolution fits well with our strategy to rationalise our tenement holdings and maintain a primary focus on the Peak Hill gold mine, where the Company is looking to expand on the existing gold resources with a view to bringing the project back into production.

KEY PROJECTS:

PEAK HILL (100%) Gold

MT PADBURY (100%) Gold, Manganese, Iron

CALLAWA (100%) Copper, Gold

TALGA (90%) Gold, VMS

KEY SHARE POSITIONS:

AUVEX RESOURCES LTD 10,000,000 FPO Shares

BUXTON RESOURCES LTD 2,000,000 FPO Shares

More Information

Justin Brown

Managing Director Phone: +61 (8) 9228 4833 Mobile: 0438 745 675

Media Enquiries

Sarah Allchurch

Allchurch Communications Phone: +61 (8) 9381 6625 Mobile: 0412 346 412

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