ELEMENT 25 LIMITED — Director's Dealing 2011

Jul 4, 2011

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/9/2001.

Name of entity MONTEZUMA MINING COMPANY LIMITED ABN 49 119 711 929

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Seamus Cornelius
Date of appointment	30 June 2011

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

12,500 Options, Expiry Date 31 August 2011, Exercise Price 20 cents

• See chapter 19 for defined terms.

Appendix 3X Page 1

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Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature ofinterestNote: Provide details of the circumstances giving rise tothe relevant interest.Sino West Assets Limited , MrCornelius is a Director of thisCompany.Kongming Investments Limited, MrCornelius is a Director of thisCompany.	Number & class of Securities886,637 Ordinary shares132,500 Listed options, Expiry Date 31 August 2011,Exercise Price 20 cents1,414,518 Ordinary shares422,500 Listed Options, expiry date 31 August 2011,Exercise price 20 cents.3,000,000 Unlisted options, expiry date 14 December2013, exercise price 58 cents.

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates

5 July 2011

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John Ribbons Company Secretary

• See chapter 19 for defined terms.

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