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Investor Presentaiton

Disclaimer The summary information contained herein has been provided by Elemental Minerals Limited ("Elemental" or the "Company"). No representation, express or implied, or warranty as to the accuracy or completeness of the information contained herein is made by any party and nothing contained herein is or shall be relied upon as a promise or representation as to the future. In all cases, recipients should conduct their own investigation and analysis of Elemental. Except as otherwise indicated, the information contained herein is as of September 2010 and should not, under any circumstances, create an implication that there has been no change in the affairs of the Company, market conditions or regulations since such date. The Company does not assume any obligation to update the information contained herein, including forward-looking statements. The information is neither an offer to sell nor a solicitation of an offer to buy any securities. The contents of this presentation are confidential and must not be copied, published, reproduced, distributed in whole or in part to others at any time by recipients. This presentation is being provided to recipients on the basis that they keep confidential any information contained herein or otherwise made available, whether oral or in writing, in connection with the Company. The information contained herein contains forward-looking statements relating to Elemental that are based on management's current expectations, estimates and projections about the Company. Words such as "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Further, some of these forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements including comments regarding rise in electricity demand; rise in potash prices; increasing demand for potash; production capabilities and timetables; financial projections; production costs; and economic predictions. Forward-looking statements in this presentation are subject to known and unknown risks, uncertainties and other factors that may cause Elemental's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: geopolitical uncertainty, political and economic instability, uncertain legal enforcement; changes in, and the effects of, the laws, regulations and government policies affecting Elemental's exploration and mining operations, uncertainties related to raising substantial additional financing to make all necessary investments and complete proposed mining projects; uncertainties related to the accuracy of Elemental's estimates of mineral reserves and mineral resources and Elemental's estimates of future production and future total cash costs of production; uncertainties and costs related to exploration and development activities, feasibility studies that provide estimates of expected or anticipated economic returns from a mining project; uncertainties related to expected production rates, timing of production and the total cash costs of production; changes in general economic conditions, the financial markets and the demand and market price for potash. All forward-looking štatements are expressly qualified in their entirety by this cautionary statement. ELEMENTAL MINERALS LIMITED 2
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