ELEMENTOS LIMITED — Capital/Financing Update 2013

Oct 16, 2013

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17 OCTOBER 2013

EXTENSION TO CLEVELAND EL7/2005 OPTION AGREEMENT

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to announce that it has renegotiated the purchase terms for the remaining 50% interest of Exploration Licence 7/2005 which covers the Cleveland tin mine, the Company’s flagship project.

The revised terms are based on the payment of $50,000 per month to 15 January 2015, for a total payment of $750,000 at which point the Company will own 100% of the project. This compares to the previous onerous requirement of making a single payment of $700,000 before the end of 2013.

Elementos Managing Director, Calvin Treacy, said, “We are very pleased to have renegotiated the terms of purchase contract. The new arrangements spread the payments over an extended period of time as opposed to needing to make a significant single payment before the end of the year. This will be a significant benefit to the Company minimising our short term capital requirement and allowing the Company to focus its cash resources towards the advancement of the Cleveland Tin project. ”.

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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