RECLAMATION SECURITY BOND IN THE AMOUNT OF CAD $110,000 HAS BEEN ARRANGED FOR THE APPLE BAY OPERATION. FINAL PERMIT IS EXPECTED SOON.

Electra Gold is pleased to announce that Agreement has been made with 6 individuals including two of the Directors to loan the company $110,000 for use toward the Reclamation Bond required for operation of the Company's PEM100 Quarry. In remuneration to the investors the company has agreed to issue 32,000 shares each to the five investors who are dedicating $20,000 each and 16,000 shares to the investor who is dedicating $10,000.  The term of the Loan will be for 1.5 years.  The agreements are subject to regulatory approval.

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

On behalf of the Board of Directors,

“J. T. Shearer, M.Sc., P.Geo.”
President

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

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