SOURCE: Element 21 Golf Co.

August 29, 2006 08:00 ET

E21 and NASA Confirm -- All Systems Go for Thanksgiving ISS-14 Eagle One Golf Mission

E21 Will Host an Internet Blog With the Golfers Onboard the International Space Station

TORONTO -- (MARKET WIRE) -- August 29, 2006 -- Element 21 Golf Company ("E21") (OTCBB: EGLF) reported today that NASA has now confirmed that E21's ISS-14 Eagle One Golf Mission will take place during the U.S. Thanksgiving Holiday. The exact time will be provided shortly.

Through the collaborative efforts of several countries, NASA and the Russian space agency, just about every single record for distance in the golf industry will be shattered when Russian Cosmonaut Mikhail Tyurin will hit a golf ball into orbit around the earth -- using a gold-plated E21 golf club. After launching the ball in orbit E21 will track the ball by use of active and passive transmitters with detailed global positioning to be available on E21's website at www.e21golf.com.

During the event Cosmonaut Tyurin will maintain a blog which will be located on E21's home page of its website allowing him to communicate from the Space Station. Cosmonaut Tyurin will check into the site regularly, answer questions from visitors and send pictures from space.

Interest in E21's ISS-14 Eagle One Golf Mission continues to grow. Leading international news media including CNN, NBC, ABC and CBS have covered the story during the last week.

"For an event that will celebrate the 35th anniversary of Alan B. Shepard Jr.'s, historic Apollo 14 Mission it is quite fitting that it takes place during such an important holiday for Americans and their families," stated Dr. Nataliya Hearn, E21's President and CEO. "We are certainly pleased with the interest we have generated in the event and our company. We expect the interest level only to increase world-wide as we approach Thanksgiving. To date the story has been covered by well over 100 newspapers, magazines, radio, and television stations from across the globe including highly respected publications in the U.S., Canada, UK, France, Japan, South Korea, Australia, China and Russia."

Links to last week's media coverage are as follow:

CNN: http://edition.cnn.com/2006/TECH/space/08/23/space.station.golf.ap/index.html

NBC: http://www.msnbc.msn.com/id/14483317/

WorldGolf.com: http://www.worldgolf.com/newswire/browse/1265-Element-21-Golf-Company-introduces-E21-Metal-Technology

CBS News http://www.cbsnews.com/stories/2006/08/23/ap/tech/mainD8JLSGTO0.shtml

New Scientist: http://www.newscientistspace.com/article/dn9822-nasa-rubberstamps-space-station-golf-stunt.html

About Element 21 Golf Company:

E21 holds the exclusive right to manufacture golf products using proprietary E21 Alloys. Through a sophisticated multi-technology production path E21 manufactures shafts, drivers, and other clubs with marked improvements in distance, accuracy and feel over competing products. In recent months a number of high profile golf professionals have switched to or began testing E21's Eagle One shafts. E21 Alloys are 55% lighter and offers 25% strength to weight advantage over Titanium alloys, the current standard in the golf equipment industry. The advanced dynamics of E21 Alloys and the material economics offer a performance-enhanced alternative to manufacturing driver clubs with Titanium, the largest segment of the annual 4 billion dollar golf equipment marketplace.

E21 recently announced its "Golf Shot Around the World Mission" in celebration of the 35th anniversary of Alan B. Shepard Jr.'s historic Apollo 14 Mission. Just about every single record for distance in the golf industry will be shattered this fall when an astronaut will hit a golf ball into orbit around the earth -- using an E21 golf club. It is only natural that this event takes place on the International Space Station, considering that E21 Alloys are also used on the Space Station in high strength, fatigue resistant applications.

E21 Golf -- The Evolution Is Inevitable!

Forward-Looking Statements. Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward-looking statements" pursuant to Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties which could cause actual results or events to differ materially from those currently anticipated, including but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting E21 and its business. A number of these risks and uncertainties are described in E21's periodic reports filed with Securities and Exchange Commission. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein, which speak only as of the date hereof. E21 undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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