Perth, Australia (August 11, 2011) Elemental Minerals Ltd. (ASX:...

Perth, Australia (August 11, 2011) Elemental Minerals Ltd. (ASX: ELM) ("Elemental" or the "Company") has obtained a receipt for its final prospectus from the securities regulatory authorities in each of the provinces of Canada, excluding Quebec, in connection with its initial public offering (the IPO) on the Toronto Stock Exchange (the TSX?) of 42,470,000 ordinary shares at a price of C$1.26 per share (approximately A$1.25 per share). The offering will generate total gross proceeds of C$53,512,200. The underwriters have also been granted an over-allotment option to purchase up to an additional 15% of the offering exerciseable for thirty days after the Closing Date (as defined herein).