ELEMENTOS LIMITED — Regulatory Filings 2013

Sep 16, 2013

ASX, AIM and Media Release

17 September 2013

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VARIATION TO MILLENIUM OPTION TO PURCHASE AGREEMENT

Forte Energy NL ("Forte Energy" or "the Company") (ASX/AIM: FTE) announces that it has agreed with Elementos Ltd (ASX: ELT) to vary the terms of an Option To Purchase agreement in relation to its Millenium mining leases in Queensland.

Under the revised agreement, Forte Energy will receive $100,000 cash instead of the previous consideration of $160,000 in cash or scrip. The terms were renegotiated in an effort to achieve settlement and facilitate inclusion of the Millenium mining leases in a proposed joint venture agreement for the Millenium Project announced today by Elementos Ltd.

For further information contact:

Mark Reilly, Managing Director Forte Energy NL Tel: +44 (0) 203 3849555 Stuart Laing RFC Ambrian Ltd Tel: +61 (0) 8 9480 2506 (AIM Nominated Adviser to the Company) Geoff Nash/Ben Thompson Tel: +44 (0)207 220 0500 Elizabeth Johnson (broking) finnCap Bobby Morse/Cornelia Browne Buchanan

Tel: +44 (0) 207 466 5000

About Forte Energy

Forte Energy is an Australian-based minerals company focused on the exploration and development of uranium and associated bi-products in Mauritania and Guinea in West Africa. The Company has an extensive pipeline of assets and total JORC resources of 76.8Mt @ 266ppm U ₃ O ₈ for 44.9Mlbs contained U ₃ O ₈ (100ppm cut-off).

Its flagship assets are the A238 prospect (23.4Mlbs U ₃ O ₈ ) and the Bir En Nar project (2.06Mlbs U ₃ O ₈ ) in Mauritania, and the Firawa Project in Guinea (19.5Mlb U ₃ O8).

Forte Energy U3O8 JORC resources (all at a 100ppm cut-off):

Project	Project	ResourceCategory	M tonnes	**ppm U3O8 **	Contained U3O8Mlbs
A238*		Inferred	45.2	235	23.4
Bir En Nar		Indicated	0.5	886	1.0
		Inferred	0.8	575	1.0
Firawa		Inferred	30.3	295	19.5
Total		Indicated	0.5	886	1.0
		Inferred	76.3	262	43.9
		Total	76.8	266	44.9

• A238NW Anomaly included in the A238 Inferred Resources

The Company is quoted on the Australian Stock Exchange (ASX: FTE) and AIM market of the London Stock Exchange (AIM: FTE). For more information, visit www.forteenergy.com.au

Note:

The information in this report that relates to the reporting of Mineral Resources is based on information compiled by Mr. Galen White, who is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr White is the Principal Geologist of CSA Global (UK) Ltd. CSA Global have an on-going role as geological consultants to Forte Energy NL. Mr. White has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he 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. White consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.