EDN Elkedra

    ELKEDRA DIAMONDS NL
                          ABN 42 092 334 220

                                                        Level 1, 130 Hay Street
                                                                Subiaco WA 6008
                                              PO Box 8035, Subiaco East WA 6008
                                                     Telephone: +61-8-6380 2855
                                                     Facsimile: +61-8-6380 1644
                                                 E-mail: elkedra@elkedra.com.au
                                                   Web Site: www.elkedra.com.au

22 August 2007

Alternative Investment Market

London UK

Dear Sir/Madam,

           AIM Listed Warrants - Trading Ceases Friday 24 August 2007           

Elkedra Diamonds NL wishes to advise that trading in its AIM listed warrants
(ticker "EDNW"), which have an exercise price of 12p and expire on 31 August
2007, will cease at the close of trade on Friday 24 August 2007. This will
allow final trades to be settled before the expiry date.

Enquiries: 

Elkedra Diamonds - Sam Randazzo - ph: + 61 408 945010

RFC Corporate Finance Ltd (Elkedra's Nominated Adviser) - Stuart Laing - ph:
+618 9480 2506

For and on behalf of the Board


M.D.J. Cozijn

Company Secretary

cc: Directors

1



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