April 11, 2007 TSX Symbol: ELT
Private Placement

Electra Gold Ltd has arranged for flow through private placement of 1,250,000 units at a price of .08 a unit. Each unit consists of 1 share and 1share purchase warrant exercisable into a share at .12 for a period of 1 year.

The foregoing is subject to regulatory acceptance.

For further information see:
A. Salman Jamal
Director, VP Finance and Corporate Communications
604‐694‐1994 Business
604‐694‐1995 Fax
888‐410‐1994 Toll Free

On behalf of the Board of Directors,
“Johan 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