Mr. Richard Osmond reports

ELEMENT 29 ANNOUNCES APPOINTMENT OF STELLIUM SERVICE LTD AS INVESTOR RELATIONS CONSULTANT

Subject to regulatory approval, Element 29 Resources Inc. has retained the services of Stellium Service Ltd. to provide investor communications and outreach programs in the European and Australasian regions for 3,000 British pounds per month for an initial 12-month term, effective immediately. Stellium is at arm's length to Element 29, has no relationship with the company except under this contract and no current ownership interest in the company.

About Element 29 Resources Inc.

Element 29 is an emerging copper exploration and development company focused on advancing its portfolio of Peruvian projects toward development in one of the world's more established mining jurisdictions.

The company's principal objective is to explore and develop its Elida porphyry copper deposit in west-central Peru and its Flor de Cobre porphyry copper project, located in the southern Peru copper belt, 26 kilometres southeast from Freeport-McMoRan's Cerro Verde copper mine. Both projects are well located for potential mine development and will benefit from nearby infrastructure, including roads, power lines, ports, water and a skilled work force.