Elementos Limited has confirmed major extensions to both the Battery Tin-Copper Lode and deeper Foley's Tungsten Zone at its Cleveland Tin Project in Tasmania after receiving assay results from its recently completed reconnaissance diamond drill hole program: Tungsten intercept of 14.2 m at 0.36% WO3 from 221.0 m; Tin-copper intercept of 3.85 m at 1.05% Sn & 0.28% Cu from 64.25 m Battery Lode and Foley's Zone are known deposits at Cleveland that make up part of the project's Mineral Resource. Drilled to a depth of 300 m, drill hole C2119 targeted an untested zone between northeast dipping and southwest dipping limbs of the historical underground mine workings at Cleveland and its current JORC 2012 compliant mineral resource. Following these assay results, an additional 59 samples have been taken from the C2119 core and sent for additional assays.

Elementos Managing Director, Mr. Joe David, said two separate intersections from a single reconnaissance hole was a rewarding return for the program thus far. Results & Interpretation: Battery Tin-Copper Lode: C2119 intersected an extension to the Battery Lode below the current JORC resource from a downhole depth of 64.25 m for a downhole length of 3.7 m. This intercept is also located approximately 160m above a zone of tin, copper and tungsten mineralisation in a historical drill hole (C0783 ­ 10.31 m at 0.26% Sn, 0.09% Cu & 0.15% WO3 from 302.51 m) which is not included in the current Mineral Resource. These intercepts are at the same interpreted position within the geological mine sequence which `possibly' (subject to further confirmation) indicates the continuity of mineralisation between these drill holes.

Foley's Tungsten Zone: C2119 was extended deeper beyond the Battery Lode to test for potential extensions within the untested zone above both the known Foley's Tungsten Mineral Resource and Foley's Tungsten Exploration Target. The current Foley's Zone Inferred Mineral Resource is comprised of the greisenisation of a quartz porphyry dyke, and fissure quartz veins that contain tungsten in the form of wolframite. A significant zone of fissure quartz veining containing visible wolframite, associated with silica/muscovite/sericite alteration, was intersected in drill hole C2119.

The mineralised zone is located approximately 150 m above the current Foley's tungsten resource. In addition to the Mineral Resources, the company released an Exploration Target for Foley's Zone (below 850 m RL) in October 2013 at between 24 mt at 0.3% WO3 at a 0.2% WO3 cut-off grade and 60 mt at 0.2% WO3 at a 0.0% WO3 cut-off grade below -180mRL. (The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation.

There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.).