ELEMENTOS LIMITED — Capital/Financing Update 2013

Nov 19, 2013

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20 November 2013

COMPLETION OF CAPITAL RAISING TO FUND NEXT PHASE OF GROWTH

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to advise that the capital raising previously announced on 6 November 2013, to fund its advanced development activities for the Cleveland tin-copper and tungsten projects in Tasmania, is now complete.

Capital Raising

The Company has completed a $1.67 million capital raising at 2 cents per share, incorporating:

• A 15% private placement (Listing Rule 7.1) of 69.4 million shares totalling $1.39 million to a number of strategic investors; and

• An additional private placement of 14.25 million shares totalling $0.28 million, which will be subject to shareholder approval at an Extraordinary General Meeting (“EGM”) planned for December 2013.

Richard Seville, a non-executive director of the Company, will seek shareholder approval for a placement of $150,000 (as part of the $0.28 million above) at the EGM.

The new funds will be applied to completing:

• The environmental permitting process scheduled to be completed in December 2013 for the mine de-watering and tailings retreatment project;

• The pre-feasibility study to redevelop the underground tin-copper mine;

• Acquisition payments for the remaining 50% interest in the Cleveland project exploration license; and

• Corporate overheads and general working capital.

For more information please contact:

Calvin Treacy

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

Elementos is an Australian, ASX-listed, diversified metals company, including Cleveland, an advanced stage tin-copper and tungsten project in Tasmania, together with a number of prospective copper and gold assets in South America and Australia.

Please visit us at www.elementos.com.au

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