ELEMENTOS LIMITED — Capital/Financing Update 2012

Sep 26, 2012

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27 SEPTEMBER 2012

CONSOLIDATION OF EXPLORATION PROPERTIES

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) has completed a strategic review of its world-wide exploration property holdings and elected to withdraw from the Mercedes project in Chile and the Cathedral Rocks project in Australia.

Global equity and commodity markets have deteriorated substantially during 2012, reflecting the slowdown in global economic growth. As equity prices and investor support for exploration companies has weakened, the task of raising new equity capital for early stage exploration activities has become increasingly difficult.

The Directors of Elementos believe that Tamaya represents the best opportunity for success in the short term. Positioned in a major Chilean copper belt, close to major mines, deposits and support infrastructure, Tamaya was historically an extraordinarily high-grade copper operation. The Directors believe Tamaya has significant potential.

The Company is currently completing a rights issue to fund a drilling program at Tamaya, commencing in October.

Additionally, the Company continues to seek to realise value at its remaining properties in Australia and Argentina through further drilling, joint venture, or divestment.

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 Argentina, Chile 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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