Notification of significant interest

For immediate release: 0900hrs 17th November 2008

                            Emerging Metals Limited                            

                     Notification of significant interest                      

Emerging Metals Limited ("EML" or "the Company") announces that they were
notified on 5 November that on 4 November 2008 following a transfer of 450,000
shares into a nominee account, Rensburg Sheppards Investment Management
Limited, is indirectly interested in 20,242,504 ordinary shares in the Company
equivalent to 6.12 per cent of its issued share capital. 

Previously to the transfer of the 450,000 ordinary shares Rensburg Sheppards
Investment Management Limited was interested in 19,792,504 ordinary shares
equivalent to 5.98 per cent. of the issued share capital of the Company.

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Contact details

  Emerging Metals   Blomfield Corporate Fox-Davies Capital         GTH        
      Limited         Finance Limited         Limited                         
                                                              Communications  
                                                                              
 Mitchell Alland /     Toby Howell /       Abigail Wayne        Toby Hall     
                                                                              
    Denham Eke             Peter                                              
                     Trevelyan-Clarke                                         
                                                                              
[phone]   [phone]     [phone]    [phone]  
                           4500                5200                8035