ELEMENTOS LIMITED — Capital/Financing Update 2012

Aug 19, 2012

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20 AUGUST 2012

TAMAYA INDUCED POLARISATION GEOPHYSICS PROGRAM COMMENCES

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to announce the second phase geophysical survey at the Tamaya Project, central Chile, has commenced.

The Induced Polarisation Pole-dipole (“IPPD”) survey comprises approximately six east-west lines totalling up to 36 line-kilometres – see Figure 1. The IPPD survey will test for two styles of mineralisation:

1. Porphyry mineralisation in the eastern sector as indicated by the encouraging results of the recent mapping, sampling and ground-magnetometry survey; and

2. Structurally related mineralisation in the three main north-south structural trends, including the main vein that was historically mined for high-grade copper (sulphide) mineralisation.

Porphyry Target

The ground-magnetometry survey completed in April 2012 outlined a large magnetic anomaly (Figure 2) that is related with porphyry mineralisation in the eastern sector of the property. The IPPD survey will test for chargeability anomalies (the presence of potential sulphide mineralisation related to the porphyry) within the magnetic anomaly.

Mapping has identified evidence of potential porphyry related mineralisation similar to that at the Carmen de Andocollo mine, 40 kilometres to the north, and at the Llahuin deposit, 85 kilometres to the south, which lie on the same major structural trend as Tamaya, including:

• Porphyry clasts with disseminated mineralisation within breccia structures in the Eastern zone;

• Strong potassic alteration in association with the high-grade mineralisation in structures in the Eastern and Central zones, grading to moderate in the Northern and Tortolas prospects;

• Multiple porphyry mineralisation related features, including:

• Calcite-sulphide veining with very high-grade copper mineralisation;

• Phreatomagmatic breccias, including a magnetite rich matrix and minor copper mineralisation in the matrix and as clasts;

• Silica-sulphide breccia, veinlets and stockwork with 2% to 7% copper;

• Tourmaline breccias with minor disseminated mineralisation in the matrix; and

• “A-type” texture veinlets and stockworking in the Eastern, Central and Tortolas prospects with calcite, silica or magnetite-specularite fill.

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Structurally Related Mineralisation

A number of close-spaced IP lines will be run across the structures at Central and Tortolas. The aim of this survey is to identify:

• Depth, approximate dip angles and strike extensions of the known highgrade copper structures identified on the surface, and blind structures at depth; and

• Potential zones of sulphide mineralisation (chargeability highs) in the broad shear and breccia structures that host the main veins.

IPPD Survey

The aim of the survey, which is capable of penetrating to a depth of at least 500 to 600 metres, is to identify anomalies that may represent Carmen de Andacollo and Llahuin-style porphyry mineralisation. The survey will also test the depth potential of the multiplicity of mineralised veins and structures that have been identified at surface.

The information obtained from the survey will be used to refine the drill target selection, especially related to the evaluation of the porphyry potential, in the drilling program planned for the fourth quarter 2012.

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

COMPETENT PERSON STATEMENT

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Alistair Grahame, a member of the Australian Institute of Geoscientists. Mr Grahame is a full-time employee of Elementos Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which it is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr Grahame consents to the inclusion in the report of the matters based on his information in the form and context.

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San
Jose
Alto
19500N
18500N
San Jose
17500N
El Pique
Arenillas
16500N
Campino
15500N
San Francisco Campanil
14500N
Lecaros
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Figure 1: Location map of the prospects sampled and reported on recently showing the extent of mapped structures and the proposed IPPD geophysical survey (yellow), superimposed on the Google Earth image.

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Figure 2: A 3-D model of the ground magnetic data indicates the presence of a large westerly dipping magnetic body in the eastern sector, coincident with mineralised porphyry clasts and potassic alteration in breccia structures.

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