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

17 September 2007

Centralised Company Announcement Office

Australian Stock Exchange Limited

10th Floor, 20 Bond Street

Sydney NSW 2000

Dear Sir,

IN SPECIE DISTRIBUTION OF URAMET MINERALS LIMITED SHARES

Elkedra Diamonds NL (Elkedra) advises that further to our advice dated 22
August 2007, the in specie distribution of Elkedra's Uramet Mineral Ltd
shareholding of 25 million shares, has been effected as at today's date, with
despatch of holdings statements taking place today.

For and on behalf of the Board


Max Cozijn

Company Secretary/Director


END
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