ELEMENTOS LIMITED — Capital/Financing Update 2019

Jul 14, 2019

==> picture [596 x 120] intentionally omitted <==

15 July 2019

UPDATE ON THE TEMENGOR PROJECT AND STRATEGY

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”), the multi-national tin focused exploration company, provides shareholders with an update on the Temengor Project, located in the State of Perak, Malaysia.

The Company has been notified by its partner, Ipoh-based Empire Tin Mining Sdn Bhd that the Perak State has determined that a moratorium is to be put in place on the granting of any Exploration Licence applications for potential mining projects in the State for the foreseeable future.

This outcome is the result of Government’s concerns that natural environmental conditions in the waterways located in the northern region of the State of Perak are not being managed. These conditions are neither located near nor associated with the Temengor Project area.

The Government has advised that it requires time to formulate suitable remediation and monitoring measures that will provide a managed solution to the problem moving forward. The decision by the Perak State Government to apply a moratorium on all new exploration licences in the northern region of the state applies to all applicants. No schedule has been advised for when this situation may revert.

This is disappointing for Elementos and its Partner. The Company is currently assessing if there are any alternative options to move the project forward and will provide shareholders with updates accordingly

For more information, please contact:

Duncan Cornish

Company Secretary Phone: +61 7 3212 6299 Email: admin@elementos.com Please visit us at: www.elementos.com.au

==> picture [24 x 24] intentionally omitted <==

==> picture [26 x 27] intentionally omitted <==

Cautionary Statements

F o r w a r d - l o o k i n g s t a t e m e n t s

This document may contain certain forward-looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond the company’s control. Actual events or results may differ materially from the events or results expected or implied in any forward-looking statement.

The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward-looking statements will be or are likely to be fulfilled. Elementos undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this document (subject to securities exchange disclosure requirements).

The information in this document does not take into account the objectives, financial situation or particular needs of any person or organisation. Nothing contained in this document constitutes investment, legal, tax or other advice.

==> picture [538 x 46] intentionally omitted <==