Dealings by Directors

7th May 2010

                            EMERGING METALS LIMITED                            

                           ("EML" or the "Company")                            

                             Dealings by Directors                             

The Company was informed yesterday that on 30th April 2010 Jim Mellon gifted
800,000 ordinary shares of nil par value to various unconnected parties and a
further 500,000 shares to ARBB AG, a company in which he has an indirect
beneficial life interest via Galloway Limited. The transfers were all for nil
consideration.

Following the transfers Jim Mellon remains interested in 30,737,443 shares,
representing approximately 8.64 per cent. of the Company's issued ordinary
share capital.

ENQUIRIES:

Emerging Metals    Religare Capital    Fox-Davies Capital GTH Communications   
Limited            Markets                                Limited              
                                       Daniel Fox-Davies                       
Denham Eke         Peter                                  Toby Hall            
                   Trevelyan-Clark     [phone]                         
+44 (0) 1624                           5200               [phone] 
639396             Emily Staples                                               
                                                                               
                   [phone]                                             
                   0800