ELEMENTOS LIMITED — Capital/Financing Update 2012

Oct 3, 2012

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4 October 2012

COMPLETION OF NON-RENOUNCEABLE ENTITLEMENT OFFER

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to advise that it has successfully completed its pro-rata, non-renounceable entitlement offer ( Offer ) and raised $2.30 million before costs.

In total, eligible shareholders (which includes the sub-underwriter, Andes Investors LLC) will be issued with 93.6% of the total new shares ( New Shares ) and new options ( New Options ), with Patersons Securities Limited to be issued with the balance.

The Offer was well supported by eligible shareholders, with 39,655,402 New Shares and 19,827,701 New Options to be issued to eligible shareholders other than Andes Investors LLC.

Additionally, under the terms of the underwriting and sub-underwriting agreements, 26,251,419 New Shares and 13,125,714 New Options are required to be taken up by the underwriter, Patersons Securities Limited, which includes 22,005,543 New Shares and 11,002,772 New Options that will be taken up by the sub-underwriter, Andes Investors LLC, an entity associated with James Calaway, a director of the Company.

Following the Offer, Elementos will have 148,290,347 Shares and 32,953,415 listed Options on issue. The funds raised from the Offer will be principally used for drilling at the Tamaya copper project in Chile during 2012, and costs of the Offer

New Shares issued under the Offer will rank equally in all respects with existing Shares on issue. The New Options will have an exercise price of $0.06 and expiry date of 9 April 2014. The New Shares and New Options will be allotted on 9 October 2012 and normal trading of the New Shares and New Options on the ASX is expected to commence on 10 October 2012 (subject to compliance with any ASX requirements).

For more information, please contact:

Corey Nolan

Managing Director Phone: +61 (7) 3221 7770 Email: admin@elementos.com.au

Elementos is an Australian, ASX-listed, copper and gold exploration company, with projects in Chile, Argentina and Australia. 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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