ELEMENTOS LIMITED — Regulatory Filings 2011

Jun 5, 2011

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06 June 2011

COPPER-COBALT ANOMALY IN MILLENIUM SOIL SAMPLING PROGRAM

Highlights

• Soil sampling extends potential copper-cobalt mineralisation over 1,500 metres to the north

• Anomalies are coincident with the interpreted fault structure

• Anomalous Rare Earth Elements identified in rock-chip sampling

• Drilling to test the anomalies to depth is planned

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to provide an update on the recently completed Millenium copper-cobalt project soil sampling program over the Millenium Mining Licences (“ML‟s”) in North Queensland.

Copper, cobalt and other geochemical anomalies have been identified in soils, extending the apparent footprint of the known mineralisation along strike from the previously identified mineralised fault zone, see Figures 1 and 2.

The soil sampling survey has confirmed the continuation of the known Corella structure from the southern end of the project, where it outcrops at surface, northwards 1,500 metres to the limit of the leases over an area of limited exposure.

A number of elements display roughly linear anomalies along the interpreted strike extension of the known structure, similar to the copper and cobalt anomalies shown in Figures 1 and 2. As can be seen, the cobalt and copper anomalies are not entirely coincident, which is similar to the historical drill results and implies the potential for significant widths of mineralisation, especially high-value cobalt.

The company believes the recently completed program has extended the mineralisation in the south of the tenement northwards into areas not previously drilled. The new information will be used to extend the planned drill program to test the new anomaly.

Additionally, Rare Earth Elements and Yttrium have been identified in check-assays of rock-chip surface samples announced by ELT in 2010. Total Rare Earths (TRE) anomalies of up to 0.17% were identified in multiple samples from oxidised surface outcrops and shallow historic trenching. The average anomaly over 36 samples of varied composition and distribution was >400ppm. This is considered a significant surface anomaly and the future drill program will test for these elements at depth.

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Soil sampling program

ELT has been working to confirm the presence of mineralisation previously identified through drilling, trenching and historic mining. Rock chip sampling has confirmed the presence of cobalt and copper mineralisation in a north-northeast trending faultzone within the south of the leases. The soil survey covered the centre and north, where there is only limited exposure of the fault, but anomalous samples have been collected.

The program was completed on a 25 x 100 metre grid over two kilometres of strike extension. The principal methodology involved the collection of sieved soil samples, which were then analysed using a Niton XRF under controlled conditions. A test selection was sent for comparative laboratory analysis.

As well as testing for extensions to the known mineralisation, the soil survey was intended to field-test sampling methods for extended soil sampling programs across the Company‟s six exploration permits, once these are approved. This survey compared traditional laboratory analysis with hand-held Niton XRF analysis, both in the field and on sieved samples. The results of the laboratory analysis are pending.

On-going exploration activities

A drilling program is being planned, based on the new soil sampling program and the historical drilling results. The program will be designed to:

• Confirm the cobalt –copper grades from the historical drill holes;

• Test for the presence of Rare Earth Elements and Yttrium;

• Test for extensions of known mineralisation under the soil anomalies to the north; and

• Drill deeper into structures showing mineralisation.

For more information, please contact: Corey Nolan Managing Director Phone: +61 (7) 3871 3985 Email: admin@elementos.com.au

Elementos is an Australian, ASX-listed, exploration company, with a number of projects in Argentina and Australia, which offer an attractive investment environment. 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 Ltd 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 in which it appears.

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Figure 1: Map showing copper anomalies in Niton-soil analysis, Millenium. Page 3 of 4

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Figure 2: Map showing cobalt anomalies in Niton-soil analysis, Millenium. Page 4 of 4