ARGENTINA:

1. Santo Domingo Project - Copper, Gold, Molybdenum

Location and access

Santo Domingo is situated 120 kilometres east of San Juan city, and comprises a series of exploration tenements covering 215 square kilometres. The exploration target is a partially exposed copper-gold style porphyry system with potential for 100-1000 million tonnes across three discrete prospective zones. The setting is analogous to the Alumbrera mine, a large copper-gold porphyry deposit 430 kilometres to the north. Santo Domingo is a low altitude project with well established regional infrastructure and access compared to higher Andes Cordillera projects.

Prospectivity and exploration target

The project area is characterised by a significant number of historic small scale gold and base metal workings. Modern exploration is limited to reconnaissance scale mapping and outcrop and talus sampling. In conjunction with detailed ASTER satellite imagery interpretation, three large prospective alteration zones have been identified, mapped and sampled at El Arriero, Alunita and Divisoria. In addition to visible pyrite and copper mineralisation, anomalous copper/gold/molybdenum mineralisation is widespread across the main target zones.

2. Manantiales Project - Gold, Silver

Location and access

Manantiales is situated 150 kilometres northwest of the city of San Juan, and comprises a number of exploration leases covering 92.6 square kilometres. Access is by sealed roads to the town of Callingasta, 30 kilometres southeast of Manantiales, and then via sealed and dirt roads. Local infrastructure and logistics include power, water and labour. The relatively low altitude is expected to allow year-round access for exploration and development activities.

Prospectivity and exploration target

Manantiales is located within a relatively unexplored low sulphidation epithermal district which includes the adjacent Casposo epithermal gold-silver deposit, Castaño Nuevo an abandoned gold mine (10 kilometres northeast) and the Castaño Viejo an abandoned lead – silver – zinc –gold mine (13 kilometres to the north).

The project area adjoins and is immediately to the north of Troy Resources Casposo project. Troy Resources is developing a 400,000 tonne per year carbon-in-pulp gold processing plant based on a 0.4Moz gold and 17Moz silver resource. Manantiales shares a similar geological environment including rock types and structures that host Casposo mineralisation.

The Company has secured Troy's agreement to use Troy's access roads into the Manantiales project. Additionally, Elementos has secured regulatory approval of its Environmental Impact Assessment (“EIA”) covering all exploration activities, including drilling, over the property for the next two years. The EIA approval also permits earthmoving for construction of access roads, drill pads, field camps, and underground adits for sampling.

Early exploration activities focused on mapping and sampling of two vein systems identified from historical rock chip samples at Julietta Norte and La Puerta. During the initial field program a new vein was discovered at Manantial, 1.5 kilometres west of Julietta Norte. A program of mapping and surface channel sampling the three main vein systems is advanced. Results of sampling include:

       • Manantial vein – 215 sawn channel samples completed across discrete vein systems over 880 metres of north-south
         strike. True vein width varies between 0.5-5.0 metres with peak gold grades up to 14 grams per tonne;
       • Julietta Norte – 36 sawn channel samples completed across a 175 metre long vein with true widths varying between
         0.5-3.0 metres, with peak gold grades up to 12 grams per tonne. Drilling under a mountain ridge will be required to test
         the strike extent of the vein system to the north-west; and,
       • La Puerta – 20 sawn channel samples completed over an outcropping vein of 200 metres east-west strike. True vein
         width varies between 0.5-2.0 metres and peak gold grades up to 10.4 grams per tonne.

AUSRTALIA:

1. Millenium Project - Cobalt, copper, gold

Location and access

Millenium is located in Queensland, 35 kilometres northwest of Cloncurry, accessible via a well maintained gravel road. Millenium is situated in the world class Mt Isa Inlier, a significant gold and base metal producing region, host to world class copper/gold and lead/silver/zinc deposits. The project area is situated within a highly mineralised district, 10 kilometres from Cudeco's Rocklands copper/cobalt project, which is an emerging major discovery. The district has established mining, processing and transportation infrastructure in close proximity to the major regional centres of Mt Isa and Cloncurry.

Prospectivity and exploration target

Millenium is prospective for shear-hosted copper/cobalt mineralisation, identified through historical copper mining activities at the Federal lode (10,000 tonnes of ore produced at 25% copper), and a number of percussion and diamond drilling campaigns between 1964 and 1991. Significant diamond drilling intercepts include holes:

      • FD02 – 10.7 metres @ 2,333 ppm cobalt and 2.02% copper (within an envelope of 79 metres at 341 ppm cobalt); and
      • FD11 – 16 metres @ 1,743 ppm cobalt.

Previous historical metallurgical test work demonstrated that a potentially saleable, high grade cobalt concentrate with high recoveries could be produced.

Recent surface mapping and sampling extended known copper and cobalt mineralisation over one kilometre to the north. Millenium has potential as an open cut mining operation, producing high value cobalt metal and potentially copper and gold. The Company's immediate focus at Millenium includes expanding on the known mineralisation through:

      • resource definition drilling at depth, and along strike from known mineralisation, and,
      • acquiring additional contiguous tenements along the major fault structure hosting the mineralisation. The Company has
        lodged applications for exploration permits to the north and south of known mineralisation at the Millenium.

2. New England Fold Belt, New South Wales - Australia

The New England Fold Belt is an exciting emerging mineral province, which in the past, has been a significant production area for gold, tin and base metals. Although previously relatively unexplored, the area is now receiving increased attention with the application of new geological theory and exploration techniques and with the application of new mining and processing technology. In recent years, the area has been host to a number of new gold and polymetallic mineral “discoveries and developments” including:

       • Hillgrove (antinomy and gold);
       • Kingsgate and Stanthorpe (molybdenum);
       • Mt Carrington (gold, silver and zinc);
       • Taronga (tin); and
       • Seven Hills and Timbarra (gold)

The Company has project areas in a relatively unexplored, but in historically rich mineralised mining areas and will be targeting large, near surface gold and polymetallic ore bodies, utilising modern day exploration techniques.

A. Anthony McLellan - Chairman

Mr McLellan is a skilled company chairman with experience in a range of resource industries. For approximately thirty years he lived overseas, the last twenty years in America. A proven leader, he has been the CEO of major international corporations, and has transacted business in more than twenty countries.

During his time abroad, Mr McLellan served as President and CEO of the predecessor of Barrick Gold, now the world's largest gold mining company, headquartered in Toronto, Canada.

Since returning to Australia, Mr McLellan has acted as the initial chairman of Felix Resources and was closely involved in building Felix Resources into a major coal company. He also served as chairman of Bemax Resources, which he helped develop into Australia's second-largest mineral sands producer. Mr McLellan was instrumental in the sale of Bemax to a Saudi Arabian entity at a substantial premium.

Mr McLellan is currently chairman of Norton Gold Fields Limited, owner of the Paddington Gold Mine at Kalgoorlie, the purchase of which he negotiated from Barrick Gold. Since his appointment in 2006, Norton has grown rapidly, and is now Australia's fourth largest ASX-listed gold producer.

Mr McLellan served as chairman of Habitat for Humanity, for many years. During his tenure, the organisation grew substantially, winning the Prime Minister's National Award. Mr McLellan was also a director of Opportunity International Australia, a partnership that operates in over 30 countries, providing micro loans to poor people in the third-world. Other not-for-profit interests include his directorship of The Menzies Research Centre. He is also chairman of Australian Christian Lobby.

Corey Nolan - Managing Director (B.Com, MMEE)

Mr Nolan was appointed Managing Director of Elementos Limited in September 2009 following his role as Corporate Development Manager for Orocobre Limited, where he was primarily responsible for facilitating the de-merger of Orocobre's copper and gold assets into Elementos Limited.

Mr Nolan has over seventeen years of diverse experience in the resources sector. This has included experience in mining operations, global resource evaluation, and the financing and development of new opportunities in Australia, South Africa, Asia, and South America.

Mr Nolan's is a qualified mineral economist who has applied his first-hand practical and technical skills in specialist roles as an equities analyst in the mining and natural resources sector of stock broking firms Morgan Stanley and Wilson HTM. During this period he undertook detailed coverage of the Australian and global resources sector including the commodities market.

Mr Nolan has been a Director at PriceWaterhouseCoopers in the corporate finance and valuations practice, specialising in resources industry valuations for Australian and global resources firms. Most recently Mr Nolan worked as business development executive with ASX listed coal exploration and development company, Aviva Corporation, where he undertook commercial development of Aviva's integrated energy portfolio and identified acquisition opportunities in Australia and Africa.

Mr Nolan's qualifications and experience in mining, economics, finance, and management across several continents are well suited to the development opportunities before Elementos.

Neil Stuart - Director (M.Sc., FAusIMM, MMICA, MAIG.)

Mr. Stuart is a highly experienced exploration geologist with over 35 years involvement in the minerals industry. He is a Fellow of The Australasian Institute of Mining and Metallurgy, a Member of The Australian Institute of Geoscientists and a number of other professional organisations.

Earlier in his career, he worked with Utah Development Company (for uranium, base metals and coal) and then managed the highly successful coal exploration program for Marathon Petroleum Australia Ltd with activities in all states of Australia, Kenya, Morocco, South Africa, Madagascar and Indonesia.

In 1979 Mr. Stuart established a Geological Consultancy based in Brisbane and has since undertaken assignments for numerous major and junior mining companies. Work during this period involved many commodities including gold, base metals, coal and uranium. A significant part of his work has been the delineation and acquisition of projects.

Since 2000 Mr. Stuart has been heavily involved in project delineation and acquisition in Australia, Mexico and Argentina. As a founding Director of Oroplata Limited, he was instrumental in acquiring the highly prospective Cerro Negro Epithermal Gold Project from MIM Holdings Ltd, and advancing the project until the company merged with Andean Resources Limited.

Mark McCauley - Non-Executive Director (B. Eng. (Hons), MBA)

Mr McCauley was appointed a Director of Elementos in October 2010. Mr McCauley is currently the Managing Director of RMM Capital, a Queensland based private equity firm specialising in resource investments.
Prior to this, Mr McCauley was the chief financial officer and company secretary of Felix Resources Limited, a highly-successful coal company which, during Mr. McCauley’s tenure grew in market capitalisation from approximately $30 million to over $1 billion through a number of successful mergers, acquisitions and green field project developments.

Mr McCauley recently acted as Chief Executive Officer of Norton Gold Fields Limited for eight months, undertaking a successful management and strategic overhaul of the Company. RMM Capital’s clients have been major shareholders in Norton and he has been a director since 2007. In that time Norton has grown from a junior explorer to a major Australian mid- capitalisation gold producer of 140,000 per annum and with more than 5 million ounces in resources. Mr McCauley has also served in operations and strategic roles at several coal mine operations, Mt Isa Mines and at the Alumbrera copper-gold mine in Argentina. Mr McCauley has also served in operations and strategic roles at several coal mine operations, Mt Isa Mines and at the Alumbrera copper-gold mine in Argentina.

Mr McCauley holds an Honours Degree in Engineering (majoring in Mining) from the University of Queensland, and a Masters in Business Administration from Bond University. Mr McCauley is also a graduate of the Advanced Management Programme at Harvard Business School, and a member of the Australian Institute of Company Directors. In addition, Mr McCauley holds a First Class Underground Mine Manager’s Certificate.

Gustavo Delendatti - Argentina Exploration Manager (B.Sc (Hon), PhD Geological Science)

Mr. Delendatti is an experienced exploration and evaluation geologist with over 14 years experience in the exploration and development of world class gold/silver and gold/copper deposits in Argentina and Chile. He is a member of the Australian Institute of Geoscientists and Qualified person within the definition of that term for National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Mr Delendatti has worked as project geologist in a variety of gold/copper/silver projects in the Andes and Patagonia region of Argentina including Poposa, Río Frío, Chezanco and Guanaco Zonzo, on porphyry copper/gold grassroots exploration in north west Argentina and as a project geologist at the Veladero gold deposit for more than two years.

In 2004 he joined Exeter Resources as exploration project manager at the Don Sixto low sulphidation gold deposit (1.26 million ounces of gold) during scoping and pre-feasibility stages. He then transferred to a similar role at the Caspiche copper/gold project (19.6 million ounces of gold and 4.8 billion pounds of copper) located in the Maricunga belt in northern Chile.

Alistair Grahame - Exploration and Development Manager (B.Sc (Hon) Geology and Applied Geology)

Mr Grahame is an experienced exploration geologist with over 14 years experience in the minerals industry. He is a Fellow of The Geological Society of London, a Member of the Society of Economic Geologists and has membership for the Australian Institute of Geoscientists. He has a Bachelor of Science with Honours in Geology and Applied Geology from the University of Glasgow, United Kingdom.

Mr Grahame has worked in South America as an exploration geologist since 1997 in a variety of geological roles developing and advancing deposits that have included Pascua-Lama, El Indio, Tambo, Rio del Medio, San Carron and TNR-La Ortiga, as well as generating regional targets.

From 2001 he worked for six years in Patagonia developing projects, and in regional exploration for Brancote, Meridian Gold, Minera Andes and Exeter Resources. Most notably, he was involved with the Esquel Project and was responsible for developing the Cerro Moro Project in Argentina into a significant exploration target for Exeter Resources. He was also part of the management team that discovered the Caspiche copper and-gold porphyry system in northern Chile.

He has permanent residency in Argentina, is fluent in Spanish and based in Elementos' Brisbane head office.

Paul Crawford - Company Secretary (CPA, B.Bus-Acc, MFM, Grad. Dip. Bus. Law)

Mr Crawford is an accountant with over 30 years of commercial experience in various technical and management roles within the minerals, coal and petroleum industries. He has also had significant corporate experience in the management and governance of ASX listed resource and mining companies.

Mr Crawford is the principal of a corporate consultancy firm he established in 2001, offering a range of commercial and corporate governance services to corporate clients.

Mr Crawford is currently a non-executive Director and company secretary of ASX-listed companies DiamonEx Limited and ActivEx Limited and company secretary of Orocobre Limited.