ELEVRA LITHIUM LIMITED — Capital/Financing Update 2006

DiamonEx Limited ABN 26 091 951 978

Sky Level 301 Coronation Drive Milton Qld 4064 Australia

Telephone: +61 7 3369-6399 Facsimile: +61 7 3369-6077 e-mail: [email protected]

Postal Address: PO Box 1357 Milton Qld 4064

ASX ANNOUNCEMENTS AUSTRALIAN STOCK EXCHANGE

20 March 2006

RELEASE OF RESTRICTED SECURITIES

Diamonex Limited (ASX - DON) advises that the restriction period in relation to the following securities ceases on 30 March 2006:

• $\bullet$ 15,107,500 fully paid ordinary shares; and
• 11,727,500 options to acquire fully paid ordinary shares, exercisable at A\$0.20 $\bullet$ . prior to 30 June 2006

Application to list these securities on the Australian Stock Exchange will be made in due course.

Diamonex Limited

$64$ $4$

Paul Crawford Company Secretary

For further information, contact:

Dan O'Neill (Managing Director) $+61$ 7 33696399 (Office) $+61$ 7 33696077 (Fax) $+61407596942$ (Mobile) diamonex $@$ diamonex.com.au (Email)

Greg King (Chairman)

+61 7 33696399 (Office) $+61$ 7 33696077 (Fax) $+61411473730$ (Mobile) [email protected] (Email)

DiamonEx is a Brisbane-based specialist diamond company planning to develop a diamond mine based on established resources at Martin's Drift, Botswana, within an area that produces 35% of the world's diamonds by value.