ELEMENT 25 LIMITED — Regulatory Filings 2007

Aug 15, 2007

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16 August 2007

The Manager Companies Announcement Office Australian Stock Exchange Limited Level 10, 20 Bridge Street SYDNEY NSW 2000

EXPIRY OF ESCROW PERIOD

In accordance with listing rule 3.10A, Montezuma Mining Company Ltd wishes to advise that the escrow period for 3,000,000 ordinary shares and 750,000 listed options will expire on 5 September 2007, plus 375,000 ordinary shares on 6 September 2007

Consequently, these ordinary shares and listed options will cease to be subject to escrow after these dates.

We confirm the escrow provisions remaining in force from that date are as follows:

Securities	Restriction period
7,412,500 Fully paid ordinary Shares	24 months from date of quotation
5,073,125 Listed Options	24 months from date of quotation
3,500,000 Unlisted Options	24 months from date of quotation

Securities restricted for 12 months from date of issue

Securities	Restriction period	Issue date
500,000 Fully Paid Ordinary Shares	12 months from date of issue	2 November 2006

John Ribbons

Company Secretary