June 11, 2007 TSX Symbol: ELT

Electra Reports 32% Revenue Increase for First Quarter

Electra Gold Ltd. (the “Company”) (TSX‐V:ELT) announces the release of its 1st Quarter financial statements and MD&A (the “Quarterly Report”) for the three months ended March 31, 2007 (BC Form 51‐102F1). Pursuant to the requirements of National Instrument 54‐102, this news release provides a summary of the information contained in the Quarterly Report. Detailed financial statements can be viewed at
www.sedar.com.

The Company’s cost structure has not varied much from the first quarter in fiscal 2007 compared to the first quarter in fiscal 2006. The Company has increased revenues by 32% in the first quarter ended March 31, 2007 compared to the same period ended March 31, 2006 and net loss for the period is reduced by $122,873.

Management believes that with the new loading facility now in place and its commitment to the continuous reduction in general and administrative costs, that the Company has the possibility of increasing profit levels. The Company has since hired a new CFO to initiate cost reduction strategy and to enable future financial planning which aligns with the corporate mission. Under the management of the directors, the Company is updating its business plan to reflect its growth strategy.

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
J. T. Shearer, M.Sc., P.Geo, President, is the Qualified Person as defined by NI 43-101 who
supervised the preparation of the technical material of this release.
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