Elemental Minerals Extends Mineralization on Kola Deposit 2km Southeast

Elemental Minerals Ltd. (ASX:ELM,TSX:ELM) completed Phase 2 of the Kola Deposit drilling programme, extending mineralization two kilometres to the southeast.

HIGHLIGHTS:

Shallow sylvinite intersections from EK_27 include:

• Upper Seam: 3.30m at 27.41% K2O (43.41% KCl) from 306.92m; and
• Lower Seam: 4.94m at 19.27% K2O (30.52% KCl) from 313.15

Shallow potash intersections from EK_29 include:

• Upper Seam: 7.82m at 14.33% K2O (22.69% KCl) from 291.87m; including 1.0m at 19.93% K2O (32.67% KCl) from 291.87m and
• Lower Seam: 9.85m at 11.05% K2O (17.05% KCl) from 303.20m

Shallow potash intersections from EK_31 include:

• Upper Seam: 6.56m at 12.21% K2O (20.01% KCl) from 274.59m
• Lower Seam: 8.61m at 10.48% K2O (17.17% KCl) from 284.00m.

The Company has now completed the field work for the second exploration and resource delineation programme (Phase 2), including a seismic survey, down hole geophysical logging and geological logging. The associated analytical work is nearing completion. All data is currently compiled and validated for integration and subsequent delivery of the planned Kola updated Mineral Resource estimate by the end of April 2012.

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