EDN Elkedra

    ELKEDRA DIAMONDS NL
                                                        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

14 March 2006
Alternative Investment Market
London UK

Dear Sir/Madam,

RE: UNLISTED OPTION EXPIRY 14 MARCH 2006

The Company advises that the following unlisted Options expire today at 5.00 pm
WST

14 March 2006.

 1. 4,552,560 Options exercisable at 75 cents.
   
 2. 166,667 Options exercisable at $1.05.
   
For and on behalf of the Board


M.D.J. Cozijn

Director/Secretary

cc: Directors - DB/SR/TT





END

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