ELEMENTOS LIMITED — Regulatory Filings 2012

Oct 28, 2012

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29 OCTOBER 2012

TAMAYA INAUGRAL DRILLING PROGRAM COMMENCES

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to announce that drilling has commenced at the Tamaya copper project, central Chile.

The diamond drilling program has been designed to test the copper-gold potential of the Tamaya project, the first drilling program ever conducted on the property.

The program will comprise up to 5,000 metres of drilling in approximately 15 holes.

The mineralisation styles that will be targeted by drilling within the Tamaya iron-oxidecopper-gold (“IOCG”) deposit include:

• Stockwork and breccia mineralisation along the mineralised structures;

• Remnants of the main high-grade calcite sulphide vein and similar subsidiary veins;

• Pipe-like breccia bodies;

• Strata-bound mantos adjacent to the sub-vertical structures, targeting high volumes of lower-grade copper oxide mineralisation; and

• Potential intrusive (porphyry) mineralisation.

The program is expected to take approximately four months to complete, subject to drilling conditions.

For more information, please contact:

Corey Nolan

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

Elementos is an Australian, ASX-listed, copper and gold exploration company, with projects in Argentina, Chile and Australia. 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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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 Limited 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.