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ELEMENTOS LIMITED Capital/Financing Update 2012

Dec 30, 2012

64837_rns_2012-12-30_89a640dc-2c15-423f-89cf-2494ab88a193.pdf

Capital/Financing Update

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31 December 2012

REPRICING OF OPTION EXERCISE PRICES - AMENDMENT

Elementos Limited (ASX:ELT) advises that its announcement of 23 November 2012, regarding the repricing of option exercise prices contained an error.

The grant of 1,500,000 options expiring 31 December 2013 and originally exercisable at 30 cents was shown with a revised exercise price of 27.6 cents. The terms of these options do not contain a repricing entitlement. Consequently they are still exercisable at 30 cents.

The revised capital structure of the Company is:

Number Class
Quoted securities 148,352,63832,952,052 Ordinary SharesOptions exercisable at 6 cents expiring9 April 2014
Unquoted securities 4,500,0001,500,0001,200,000500,0001,000,000 Options exercisable at 22.6 centsexpiring 23 October 2015Options exercisable at 30.0 centsexpiring 31 December 2013Options exercisable at 22.6 centsexpiring 7 September 2015Options exercisable at 22.6 centsexpiring 30 November 2015Options exercisable at 32.6 centsexpiring 18 January 2017

For more information, please contact: Linda Scott, Chief Financial Officer Phone: +61 (7) 3221 7770 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 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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