Issue of Equity/Dealings by Directors

For immediate release: 20 April 2010

                            EMERGING METALS LIMITED                            

                           ("EML" or the "Company")                            

                     Issue of Equity/Dealings by Directors                     

The Company is pleased to announce that it has today allotted 3,952,084 new
ordinary shares of nil par value in lieu of salary and fee payments to
directors in accordance with the announcement of final results made on 8 July
2009 and reiterated in EML's interim results announcement on 24 December 2010.
The new shares have been issued in respect of 50% of Directors' remuneration at
month end mid-market prices/exchange rates (USD/GBP) in respect of the period
November 2008 to March 2010 inclusive. The volume weighted average issue price
in respect of each director was approximately 5.089p.

Application will be made for the new ordinary shares, which rank pari passu in
all respects with the Company's existing ordinary shares to be admitted to
trading on AIM which is expected to occur on 26 April 2010. Following the
issue, the Company's total issued ordinary share capital will be 355,569,386
Ordinary Shares.

The number of shares issued in respect of each director is as set out below:

Name                 Number of new    Resultant holding of Percentage of       
                     shares           Ordinary Shares      enlarged share      
                                                           capital             
                                                                               
Mitch Alland         1,710,447                   5,687,811      1.60%               
                                                                               
Denham Eke           1,274,731                   3,525,163      0.99%               
                                                                               
Patrick Weller       322,302                     3,872,734      1.09%               
                                                                               
Steve Dattels*       322,302                    21,224,263      5.97%               
                                                                               
James Mellon**       322,302                    29,537,443      8.31%               

* - Stephen Dattels' entire shareholding is held by Yvoire Investments Limited,
which is beneficially owned by Stephen Dattels.

** - Jim Mellon's shareholding is held in part by himself and in part by
Galloway Limited, a company which is indirectly wholly owned by the trustee of
a settlement under which Jim Mellon has a life interest.

ENQUIRIES:

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