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ELEMENTOS LIMITED Board/Management Information 2011

Oct 16, 2011

64837_rns_2011-10-16_b3bff753-cc52-4c8c-b36d-ed825ea6b596.pdf

Board/Management Information

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17 October 2011

NEIL STUART TO RETIRE AS DIRECTOR

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) advises it has been informed that Mr Neil Stuart intends to retire as a non-executive director at the Annual General Meeting to be held in November 2011, and will not be standing for re-election.

A founding director, Mr Stuart was instrumental in assisting the Company achieve its public flotation in December 2009.

The board thanks Mr Stuart, for his significant contribution to the development and positioning of the Company. Chairman, A. Anthony McLellan, said, “Neil Stuart has had many years of experience and much success in South America, and it was he who created the Company’s opportunity in the world-class San Juan province in Argentina. I have enjoyed working with Neil, and am sorry to see him step down as a non-executive director.”

Mr Stuart recently acquired a significant additional parcel of shares in Elementos, indicating his confidence in the future of the Company.

Managing Director, Corey Nolan said, “I am pleased, indeed, that Mr Stuart has agreed to provide on-going geological consulting services to the Company, to support its planned South American acquisition strategy.”

The Company wishes Mr Stuart all the best in retirement.

Corey Nolan

Managing Director Phone: +61 (7) 3871 3985 Email: [email protected]

Elementos is an Australian, ASX-listed, exploration company, with a number of projects in Argentina and Australia, which offer an attractive investment environment. 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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