ELECTRA GOLD LTD. HAS AGREED TO FINANCE TWO TRI-AXEL TRUCKS AND TWO QUAD TRAILERS THROUGH DEBT FINANCING FROM ASH GROVE CEMENT COMPANY FOR A TOTAL PURCHASE PRICE OF JUST OVER CAD $ 500,000.

Electra has agreed to purchase two tri-axel trucks and two quad trailers as part of a plan to upgrade its quarrying operation at its Apple Bay Operation located near Port Hardy, BC.  The first truck has already been secured with a deposit, while a second truck is in the final stage of confirmation for purchase under the same loan arrangement with Ash Grove.  These improvements will provide for greater control of costs and profitability for both Electra and its customers.  Once the new equipment is on line at the Apple Bay Operation, a savings of $1.00 to 1.50 per ton is expected to be achieved.

Electra continues to deliver, by ocean going barge, chalky geyserite to Ash Grove Cement Company at its Seattle, Washington plant on a long term contract.

Electra Gold Ltd. is a mining company, specializing in industrial mineral production and dedicated to sustainable mining and preserving the environment.

On behalf of the Board of Directors,

“Douglas Stelling”

Chairman and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.

For further information, please see website at www.electragoldltd.com or contact Douglas Stelling at (604) 647-2227