ELEMENTOS LIMITED — Regulatory Filings 2011

May 2, 2011

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3 May 2011

MANANTIALES AND SANTO DOMINGO GEOPHYSICS PROGRAM

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to report a new phase of exploration has commenced geophysical surveys at the Manantiales project and Yvette prospect in the Santo Domingo project, San Juan, Argentina.

Manantiales geophysics program

Quantec have commenced a geophysical survey at Manantiales incorporating 40 kilometres of Ground-Magnetometry and 40 kilometres of Induced Polarisation Gradient (“IP”) survey lines (Figure 1). The aim of the survey is both to locate and develop targets on veins that are either blind or in areas with limited or no outcrop. Survey lines will be completed over the full extent of the new 3.5 kilometre Manantial vein extension, Julieta Norte and La Puerta. The program is expected to take 15 days to complete.

Yvette Geophysics program

Quantec will also complete 10 kilometres of IP Gradient survey lines and 8 kilometres of 2D CSAMT survey lines at Yvette. The aim of the survey is to identify depth and strike extensions of approximately 3.5 kilometres of identified gold and silverpolymetallic veins (Figure 2). The Yvette veins are generally narrow or discretely outcropping veins on the surface and the geophysics will test the potential to identify larger and blind veins at depth. The survey will commence at the completion of the Manantiales program and is expected to take 15 days.

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

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Figure 1 – Manantiales geophysics program

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Figure 2 – Planned Yvette geophysics program

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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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