ELKEDRA ANNOUNCES SECOND DIAMOND SALE Australian-based diamond...

ELKEDRA ANNOUNCES SECOND DIAMOND SALE

Australian-based diamond company Elkedra Diamonds NL (ASX: EDN, AIM: EDN) today announced
the second sale of diamonds mined at its Chapada Diamond Project in Brazil and an increase in diamond
production of more than 100% for the month of August.

The plant production for August of 1,774 carats (4,317 stones) was independently valued at US$346
(A$460)) per carat and sold to the Leviev Diamond Group. The largest stone recovered in the month was
13.61 carats and was valued at US$2,000/carat.

A further 15 stones (95.95 carats) were recovered in the 5 to
10 carat size range averaging a value of US$1,693/carat.