ELEMENTOS LIMITED — Board/Management Information 2010

Oct 7, 2010

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8 OCTOBER 2010

Mark McCauley Appointed Non Executive Director

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to report the appointment of Mark McCauley as a director.

Mr McCauley is currently Managing Director of RMM Capital, a Queensland based private equity firm specialising in resource investments. Prior to that, Mr McCauley was the chief financial officer and company secretary of Felix Resources Limited, a highly-successful coal company which, during Mr. McCauley’s tenure grew in market capitalisation from approximately $30 million to over $1 billion through a number of successful mergers, acquisitions and green field project developments.

Mr McCauley is also a director of Norton Goldfields Limited, and recently acted as Chief Executive Officer of the Company for a period of eight months working through a successful management restructure and repositioning of Norton.

Mr McCauley holds an Honours Degree in Engineering (majoring in Mining) from the University of Queensland, and a Masters in Business Administration from Bond University. Mr McCauley is also a graduate of the Advanced Management Programme at Harvard Business School, and a member of the Australian Institute of Company Directors.

In addition, Mr McCauley holds a First Class Underground Mine Manager’s Certificate.

Elementos’ chairman, Mr Anthony McLellan, said, “The addition of Mark as a Director of Elementos adds a new dimension to the skills available on the Board. Mr McCauley’s South American experience, where he served as Senior Mining Engineer at the Minera Alumbrera copper mine in Argentina, will also be a great benefit to Elementos as we move towards becoming a producer.”

For more information, please contact: A. Anthony McLellan Chairman +61 (2) 9964 9891 amclellan@elementos.com.au

Elementos is an Australian, ASX-listed, exploration company, with a number of projects in Argentina and Australia, which offer an attractive investment environment with low sovereign risk. The properties are all in mineral rich, highly prospective provinces, with developed infrastructure nearby. Please visit us at www.elementos.com.au

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