ELECTRA GOLD AIMS TO RAISE $160,000

The Company has arranged flow through private placements in the aggregate of $160,000    for the purchase of  2,000,000 units at a price of $0.08 per unit.. Each flow-through unit consists of one flow-through share plus one share purchase warrant. Each whole warrant is exercisable to purchase one further common share at a price of $0.10 per share. The warrants are exercisable for one year from closing.

Proceeds of the private placement will be used for to further develop the Company's Lang Bay Kaolin Property, near Powell River .

The private placement and the options are subject to regulatory approval.

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

On behalf of the Board of Directors,

“J. T. Shearer”

President

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 Jo Shearer at (604) 647-2227 or (604) 970-6402.