For immediate release: 0700hrs 1st July 2008 Emerging Metals Limited ("EML", "Emerging Metals" or "the Company") First day of dealings on AIM The Directors of Emerging Metals Limited (AIM: EML), the mining company focusedon minor metals and rare earth elements, are pleased to announce that the330,759,300 issued ordinary shares of the Company have today been admitted fortrading on AIM.

Emerging Metals was incorporated and registered in the British Virgin Islandson 4 July 2007 for the purpose of focusing on minor metals and rare earthelements ("Investment Minor Metals"). The Company's initial focus is thedevelopment of the Tsumeb Slag Stockpiles Project. Moving forward, the Companyintends to acquire physical quantities of Investment Minor Metals as well asadditional complementary Investment Minor Metals projects. This business modelis intended to take advantage of an anticipated imbalance in the supply of, anddemand for, Investment Minor Metals, which the Directors believe will cause arise in market prices for these metals.

In January 2008, the Company purchased from Ongopolo Mining Limited, asubsidiary of Weatherly International plc, an option to acquire slag stockpilesfrom a lead blast furnace (the "Lead Blast Furnace Slag Stockpile") and from acopper reverbatory (the "Copper Reverbatory Furnace Slag Stockpile") at the

Tsumeb Smelter complex in the Oshikoto region of the Republic of Namibia whichcontain base and rare metals.

The Company's initial focus is to investigate potential methods of producingthe rare metal germanium from the Tsumeb Slag Stockpiles, but also plans topursue the production of zinc and gallium. A Competent Person's Report preparedby Mine Analysis Services LLC states that the Lead Blast Furnace Slag Stockpilecontains 2,000,000 tonnes with a reported average germanium analysis of 260 ppmand a zinc analysis of 9.03% as an Indicated Resource as defined in the 2007

SME Guide for Reporting Exploration Results, Mineral Resources and Mineral

Reserves.

Several metallurgical processes have been tested and documented in the past,each showing some promise for winning the contained metals from the slag. Inparticular, both pyrometallurgical and hydrometallurgical treatments have beenstudied. The Company nevertheless plans to carry out its own studies and testwork to determine the optimum process for winning the contained metals from theslag.

Since incorporation, the Company has raised gross proceeds of approximately £13.46 million. Most recently, the Company completed a private placement andissued 22,746,663 ordinary shares at 12 pence per ordinary share toinstitutional and other investors, raising approximately £2.7 million beforeexpenses. As at 24 June 2008, the Company had cash balances totalling £11.46million.

Moving forward, the Company intends to continue to build exposure to a breadthof Investment Minor Metals by acquiring additional mineral projects.

The Company's nominated adviser is Blomfield Corporate Finance Limited andbroker is Fox-Davies Capital Limited.

Mitch Alland, CEO of EML, commented:"The market trend for Investment Minor Metals has been one of rising prices,driven by classic supply and demand economics. We believe that the minor metalsmarket is only partially into its upward cycle and that the current upwardtrend in the minor metals sector could continue for a number of years as China- which has historically been the major supplier of a significant number of the

Investment Minor Metals - struggles to meet global demand as it introduces atighter strategic management policy of its resources."

Copies of the Admission Document are available at www.emergingmetals.com.- ends -

Contact details Emerging Metals Blomfield Corporate Fox-Davies Capital GTH Limited Finance Limited Limited Communications Mitch Alland Toby Howell Richard Hail Toby Hall +44 (0) 1624 639396 +44 (0) 20 7489 +44 (0) 20 7936 +44 (0) 20 7153 4500 5200 8035 NOTES TO EDITOR

Emerging Metals Limited

Strategy

The Company's initial primary focus will be the Tsumeb Slag Stockpiles Project.

Emerging Metals plans to conduct its own studies and test work to determine theviability of winning the contained metals from the Tsumeb Slag Stockpiles. The

Company is principally interested in producing germanium from the stockpiles,but also plans to pursue the production of zinc and gallium.

The Company also intends to build exposure to a breadth of Investment Minor

Metals. The Investment Minor Metals that the Company plans to target exposureto include, but are not limited to: antimony, arsenic, bismuth, cadmium,chromium, cobalt, gallium, germanium, hafnium, indium, iridium, magnesium,manganese, mercury, molybdenum, osmium, platinum group metals, rare earthelements, rhenium, rhodium, ruthenium, selenium, silicon, tellurium, tin,titanium, tungsten, vanadium, zinc and zirconium.

The Company may acquire, hold, store, market and trade physical quantities of

Investment Minor Metals as part of a trading portfolio. The Directors believethat current market conditions will provide good opportunities for a positivereturn from this activity as the prices of the Investment Minor Metalsincrease.

Moving forward the Company intends to continue to build exposure to a breadthof Investment Minor Metals by acquiring additional mineral projects. Inevaluating additional opportunities in Investment Minor Metals the Directorswill take into account the goal of achieving a diversified exposure todifferent Investment Minor Metals as well as the market outlook for individualelements. Future projects may be structured as direct licence rights, companies(whether quoted or unquoted), partnerships, convertible instruments, options,debt or other loan structures, joint ventures or other financial instruments asthe Directors deem appropriate. These opportunities may include interests (inwhole or in part) in (without limit) exploration permits and licenses, miningprojects under development, operating mines, smelters, slag stockpiles,refineries, and associated activities. The Directors who have extensiveexperience in the acquisition, development and operation of exploration andmining projects intend to undertake the initial assessments internally withadditional independent expert advice as required.

The Directors believe that their collective experience in the areas of mining,acquisitions, accounting, corporate and financial management together with theopinion of expert consultants in the evaluation and exploitation of Investment

Minor Metals opportunities will enable the Company to achieve its objectives.

Description of the Tsumeb Slag StockpilesProject

The Tsumeb Slag Stockpiles Project will involve the metallurgical processing ofstockpiled slag produced by the Tsumeb Smelter for the production of germanium,gallium and zinc. The processing of the slag is expected to take placeimmediately adjacent to the stockpiles using a combination of pyrometallurgyand hydrometallurgy.

Smelter slags are an important waste product resulting from the smelting ofores and concentrates. Slag is typically formed from the silicate melt producedduring the pyrometallurgical recovery of base metals by reducing fusion in asmelter furnace. The Tsumeb slags were often rich in residue metals, especiallyheavy metals (lead, zinc, copper) and rare metals (germanium, gallium, indium).

There are two Tsumeb Smelter slag stockpiles - the Lead Blast Furnace Slag

Stockpile and the Copper Reverbatory Furnace Slag Stockpile.

The Lead Blast Furnace Slag Stockpile is located adjacent to the Tsumeb Smelterand covers an area of about 350m by 350m and consists of three main dumpscomprising granular unconsolidated slag that is a fine medium grained black,glassy material, which runs relatively freely. The size and shape of thesestockpiles are reported to have changed over time with slag material havingbeen used either for landfill or various construction related projects, oreroded, or moved to other locations. The contained metal grades range asfollows: 6.4 to 11.63% zinc; 1.5 to 2.7% lead; and 70 to 590 ppm germanium.

The Copper Reverbatory Furnace Slag Stockpile has less material withsmaller-sized granulated slag having a different zinc and germanium content. Itis located immediately adjacent to the Lead Blast Furnace Slag Stockpile,separated by a paved access road and a railroad track. Metal grades in the

Copper Reverbatory Furnace Slag range as follows: 1.82 to 7.88% zinc; 0.16 to4.41% lead; and 110 to 1300 ppm germanium.

The Competent Person's Report, contained in the Company's AIM Admission

Document, states that the Lead Blast Furnace Slag Stockpile contains 2,000,000tonnes with a reported average germanium analysis of 260 ppm and a zincanalysis of 9.03% as an Indicated Resource as defined in the 2007 SME Guide for

Reporting Exploration Results, Mineral Resources and Mineral Reserves.

No tonnage or grade information, other than smelter metallurgical accountingrecords, is available for the Copper Reverbatory Furnace Slag Stockpile.

Therefore, a classification could not be assigned to the Copper Reverbatory

Furnace Slag Stockpile as per the 2007 SME Guide.

The Company plans to confirm the metal content of each stockpile as well as thevolume and mass of stockpiled material as part of developing a metallurgicalprocess. The Company is currently in the process of preparing a feasibilitystudy on the Tsumeb Slag Stockpiles Project.

Directors

The Directors of the Company are as follows:

Mitchell Alland (aged 68), Chief Executive Officer

Mr. Alland has a distinguished career in the mining and finance sectors. Mostrecently, he was a founding shareholder and CEO of AIM-listed Copper Resources

Corporation (CRC). CRC has three copper projects in the Congo, one of which isunder construction and expected to commence production at the rate of 50,000tonnes per annum in 2008. Prior thereto, Mr. Alland had a 23-year career at the

World Bank and the International Finance Corporation (IFC), its affiliateresponsible for private sector project financing in developing countries. Hehas broad-based experience in finance and management, including exposure asmanager, investor, merchant banker and financial advisor. Mr. Alland hasextensive experience with mining projects worldwide, starting with earlyattempts in the 1970s to develop the Tenke-Fungurume copper project in Congo(then Zaire), and, following, in 1975 to 1986, with major projects by Zambia

Consolidated Copper Mines, ZCCM, (then Nchanga Consolidated Copper Mines,

NCCM), including the financing and review of the company's major expansionprojects, among them its major copper tailings leach and cobalt projects, aswell as supervision of the company's activities throughout the period. Mr.

Alland's subsequent activities in minerals and mining involved the LAMCO ironore project in Liberia, the MIBA diamond project and the Kilimoto gold projectin Congo (Zaire), and financing of the Alucam (Pechiney) aluminum smelter in

Cameroon. Subsequent experience in 1990 to 1992 involved mining projects in

South America, including Escondida (copper) in Chile, Comsur, the largestprivate mining company in Bolivia, Yanacocha (gold) and Southern Peru Copper in

Peru. Mr. Alland was board director of Comsur and alternate director of

Escondida. Mr. Alland holds an M.B.A. from Harvard Business School and a B.A.from Harvard College. He speaks English, French, German, Polish, Portuguese,

Spanish, Swedish and Thai.

Denham Hervey Newall Eke (aged 56), Chief Financial Officer

Mr. Eke started his career in stockbroking and insurance with Shepphards &

Chase and then Hogg Robinson plc. Over the last 15 years he has helddirectorships of a large number of companies, principally involved in equityinvestments, property ownership and management, and hotel operations, where hehas been tasked with rationalising and restructuring operations to enhanceprofitability. Mr. Eke is currently the Chairman of betinternet.com plc and

Managing Director of Burnbrae Group Ltd.

Stephen Roland Dattels (aged 60), Non-executive Co-Chairman

Mr. Dattels has founded and/or financed a number of mining ventures with hismost recent being UraMin Inc. which was sold in July 2007 to Areva, the Frenchgovernment-owned fully integrated uranium company. Mr. Dattels was an executiveat Barrick Gold Corporation during its formative years when it grew from acapital base of $10 million to a market capitalisation of $2 billion when heleft in early 1987. During his employment with Barrick, he was a Director and

Executive Vice President of Corporate Finance. In the past decade, he hascompleted several financings either directly or through his merchant bank,

Regent Mercantile Bancorp Inc., including, for Apollo Gold Corporation, Royal

Standard Minerals Inc., Guyana Goldfields Inc., European Minerals Corporation,

Defiance Mining Corporation (merged with Rio Narcea Gold Mines Ltd., which inturn was merged with Lundin Mining Corporation), Weda Bay Minerals Inc. (soldto Eramet S.A.), Apac Minerals Inc. (now Golden China Resources Corporationwhich was merged with Sino Gold Mining Limited), African Gold PLC (now Mwana

Africa PLC), Red Dragon Resources and Regent Pacific Group Limited (Hong Kong).

He also was the Chairman and founder of Caledon Resources PLC (formerly Finelot

PLC), an AIM-listed Australian coal producer and Chinese exploration company,and was the co-founder and Managing Director of AIM-listed Oriel Resources PLC,a developer of nickel and chrome assets in Kazakhstan. He also co-founded

Everfor Diamonds PLC, a Kola Peninsula diamond explorer traded on AIM. In themid-1990s Mr Dattels founded International Gold Resources Corporation, which hebrought from inception to its sale in 1996 to Ashanti Goldfields Company

Limited. In 2007, Mr. Dattels founded a new venture called CCEC Ltd. which isacquiring thermal coal projects in China. CCEC Ltd. recently merged with Regent

Pacific Group Limited, a public company listed on the Hong Kong Stock Exchange.

Mr. Dattels is currently the Executive Chairman of AIM-listed Polo Resources

Limited, a coal exploration and development company with exploration coalassets in Mongolia, as well as holdings in GCM Resources PLC and Caledon

Resources PLC. Mr. Dattels has a bachelor of arts from McGill University, a lawdegree (cum laude) from the University of Western Ontario and has completed the

Program for Management Development at Harvard.

James Mellon (aged 51), Non-executive Co-Chairman

Mr. Mellon has been a fund manager for twenty years, after graduating from

Oxford University. He is the principal shareholder of Burnbrae Limited and isan avid participant in a number of markets, in particular the stock markets ofemerging nations. Mr. Mellon started his career by investing in Asian and

American stocks and, with his business partner, went on to pioneer investmentin closed end funds. Mr. Mellon worked for GT Management Plc from 1978 to 1984.

In July 1984, he joined the Thornton Group where he was Managing Director ofthe Asian operation. From 1988 to 1990, he was an executive director of Tyndall

Holdings Plc responsible for business expansion and corporate development. Mr.

Mellon is currently the co-chairman of Regent Pacific Group Limited and anon-executive director of Charlemagne Capital Limited, which is traded on AIM.

Mr. Mellon holds a masters degree in Politics, Philosophy and Economics from

Oxford University.

Patrick Colin Crockett Weller (aged 53), Non-executive Director

Mr. Weller has thirty years of experience in the marketing and trading of basemetals, ferroalloys, minor metals and industrial minerals worldwide withparticular experience in Europe (including emerging central Europe), CIS andthe Americas, having graduated from Southampton University with a BSc in

Physical Geography and then joining Noranda Sales Corporation. Mr. Weller hasbeen Managing Director of Euromin SA since 2001 having joined the trading teamin 2000. Euromin is an international metals and ores trading subsidiary 100%owned by the Vitol Group. Euromin's focus is on the zinc business andassociated metals/secondaries and the company is particularly active in Russiaand the Black Sea region in partnership with the Chelyabinsk Zinc Plant (CZP).

Mr. Weller was a Director of CZP from 2001 to 2003 when CZP was under theownership of the Vitol Group. Prior to joining Euromin, Mr. Weller was a

Director of Noranda Sales Corporation (London) from 1982 to 1993, handling themarketing of a diverse range of ores, concentrates and metals includingmolybdenum, manganese, alumina, fluorite, zinc, lead and minor/precious metalsin Europe, Africa and the former Comecon. From 1993 until 1998, Mr. Weller wascommercial vice president for Noranda/Falconbridge Group based in Toronto withresponsibility for marketing and sourcing zinc and lead raw materials for the

Group's mines and smelters in international markets.

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