Issue of Equity/Dealings by Directors

For Immediate Release: 8 June 2011

                                Emerging Metals                                
                           ("EML" or the "Company")                            

                     Issue of Equity/Dealings by Directors                     

The Company is pleased to announce that, following a board meeting on 27 May
2011, it yesterday allotted 4,618,173 new ordinary shares of nil par value in
lieu of salary and fee payments to directors. The new shares have been issued
in respect of 100% of Directors' remuneration at month end mid-market prices/
exchange rates (USD/GBP) in respect of the eight month period October 2010
through May 2011. The volume weighted average issue price in respect of each
director was approximately 2.8113p.

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 no later than 14 June 2011. Following
the issue, the Company's total issued ordinary share capital will be
360,187,559 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       596,050          6,283,861              1.74%               
                                                                               
Denham Eke         2,233,973        5,759,136              1.60%               
                                                                               
Patrick Weller     596,050          4,468,784              1.24%               
                                                                               
Steve Dattels*     596,050         21,820,313              6.06%               
                                                                               
James Mellon**     596,050         31,333,493              8.70%               

* - 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.

For further information

Emerging Metals     Religare Capital    Evolution           GTH Communications 
Limited             Markets             Securities Limited                     
                                                                               
Denham Eke          Peter               Romil Patel         Toby Hall          
                    Trevelyan-Clark                                            
                                        Tim Redfern         Christian Pickel   
                    Emily Staples                                              
                                                                               
[phone] [phone]     [phone] [phone]    
                    0800                                    3902