ELEMENT 25 LIMITED — Capital/Financing Update 2008

Feb 12, 2008

ASX RELEASE

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13 February 2008

CAPITAL RAISING UPDATE

ASX CODE: MZM 52 WEEK HIGH: $0.36 52 WEEK LOW: $0.155

CONTACT:

JUSTIN BROWN Managing Director +61 8 9228 4833

BOARD:

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

• 4,371,667 shares issued to raise $655,750 before costs.

• Details of a share purchase plan to be announced shortly

• Planned programmes at Peak Hill, Mt Padbury and Callawa to continue as planned

Further to the announcement of 16 January 2008, Montezuma has been advised by the underwriter that as a result of prevailing market conditions the underwriting agreement has lapsed without raising the target $3M.

Consequently, the Company has completed a private placement to sophisticated investors of 4,371,667 shares at $0.15 with a 1 for 4 free attaching listed option to raise $655,750 before costs.

KEY PROJECTS:

PEAK HILL (100%) Gold

To give existing shareholders an opportunity to subscribe for shares at these levels and to provide additional funding for the Company’s exploration programmes, arrangements are currently being made to instigate a share purchase plan. Full details will be made available as soon as the arrangements have been finalised.

MT PADBURY (90%) Gold, Manganese

The funds raised will ensure that the exploration programmes at Peak Hill, Mt Padbury and Callawa are sufficiently funded to continue the roll out of the Company’s strategic plans.

ROBINSON RANGE (70%) Uranium, Gold

CALLAWA (100%) Copper, Gold

The majority of the funding will be directed at the flag ship Peak Hill programme where the Montezuma is building on existing resources of in excess of 200,000 oz of gold with an initial target resources of over 500,000 oz and production within three years.

TALGA (90%) Gold, VMS

More Information	Media Enquiries
Justin Brown	Sarah Allchurch
Managing Director	Allchurch Communications
+61 (8) 9228 4833	+61 (8) 9381 6625
0438 745 675	0412 346 412

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