ELEMENT 25 LIMITED — Capital/Financing Update 2010

May 2, 2010

ASX RELEASE

==> picture [595 x 30] intentionally omitted <==

==> picture [595 x 30] intentionally omitted <==

==> picture [172 x 23] intentionally omitted <==

3 May 2010

MONTEZUMA RECEIVES $4M CASH PAYMENT

ASX CODE: MZM ISSUED SHARES: 42.10M 52 WEEK HIGH: $0.34 52 WEEK LOW: $0.06

==> picture [172 x 23] intentionally omitted <==

Montezuma is pleased to advise that the Company has received a $4M cash payment from Sinosteel Midwest Corporation Limited, pursuant to the terms of the Mt Padbury sale agreement.

The additional funding will further underpin aggressive exploration at the Company’s Projects.

CONTACT:

JUSTIN BROWN Managing Director +61 438 745 675

==> picture [172 x 23] intentionally omitted <==

BOARD:

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

==> picture [172 x 23] intentionally omitted <==

KEY PROJECTS:

More Information

Justin Brown

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

Managing Director

The Information in this report that relates to exploration results is based on information compiled by Justin Brown, who is a member of the Australian Institute of Mining & Metallurgy. Mr Brown is a geologist and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Justin Brown consents to the inclusion in the report of the matters based on his information in the form and context in which it appears

PEAK HILL (100%) Gold

DURACK (earning 85%) Gold, Copper

BUTCHER BIRD (100%) Manganese, Copper

MT PADBURY (100% of gold) Gold, Manganese, Iron

==> picture [172 x 23] intentionally omitted <==

==> picture [172 x 23] intentionally omitted <==

KEY SHARE POSITIONS:

AUVEX RESOURCES LTD 7,500,000 FPO Shares

BUXTON RESOURCES LTD 3,010,000 FPO Shares

==> picture [172 x 22] intentionally omitted <==

==> picture [172 x 23] intentionally omitted <==

==> picture [172 x 22] intentionally omitted <==