ELEMENTOS LTD BRISBANE SHS (ELTLF)

[GREEN MAKER]

26 October 2016
PLACEMENT
Elementos Limited is pleased to announce that it has completed a private placement to sophisticated investors raising $450,000 before costs (Placement).

Under the terms of the Placement, a total of 81,818,182 of new shares will be issued at 0.55 cents per share in the Company.

The Company plans to use the funds raised from the Private Placement as follows:

undertake line cutting, magnetic survey and drilling on the (Cleveland) Open Pit Resource Development;
undertake further metallurgical test work aimed at increasing recoveries from the proposed mining and processing operations at Cleveland;
provide working capital; and
for corporate costs and the costs of the Private Placement.