NEW CLAIMS – PORT HARDY AREA

April 12, 2006

Electra is pleased to announce that it has acquired new claims in the immediate Port Hardy area.  These claims cover a sandstone-shale sequence that was diamond drilled and trenched by the company in 2001 and 2002.  A bulk sample of this material was previously delivered to a cement producer in the Vancouver Area.

Electra has entered into discussions with another Cement Producer in the Vancouver area to deliver a blended product of chalky geyserite and sandstone/shale containing lower silica, but slightly higher Na 2 O and K 2 O and higher F 2 O 3 .

Preliminary discussions have been held with the District of Port Hardy on a Development Permit for a bulk sample.

For further information on this release please contact Mr. Salman Jamal at:

Syndicated Capital Corporation
604-694-1994 Business
604-694-1995 Fax
888-410-1994 Toll Free
www.syndicatedcc.com

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.

To contact Electra, please see our website www.electragoldltd.com or call Jo Shearer / Doug Stelling at (604) 647-2227 or (604) 970-6402.


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