SOURCE: Element 21 Golf Co.

August 01, 2006 15:08 ET

USA and Russia Get Together for Historic Golf Lesson -- Element 21 Golf Company's Reports On Cosmonauts' Successful Training With Hall Of Fame Member Carol Mann and the Director of Instruction

for The PGA of America, Rick Martino

TORONTO -- (MARKET WIRE) -- August 1, 2006 -- Element 21 Golf Company ("E21") (OTCBB: EGLF) reported today on Russian Cosmonaut Mikhail Tyurin's golf lesson held last Thursday in Houston and conducted by World Golf Hall of Fame member Carol Mann and Rick Martino of The PGA of America.

NASA's engineers have extensively examined the golf experiment, independently from the Russian Space Agency that designed and approved the golf shot experiment in 2004. NASA approval came in July of 2006, after full evaluation of the golf ball flight path and a statistical "launch safety cone," ensuring correct orbital path of the golf ball that otherwise could endanger external power and mechanical systems of the International Space Station (ISS). All models of the golf shot in space proved to be completely safe. The golf lessons on Earth and training in simulated low gravity conditions of underwater laboratories promise to ensure the launch of the longest golf shot ever.

Mr. Tyurin was given a rigorous 1 hour lesson by Ms. Mann and Mr. Martino at the South Shore Harbour Country Club. Several factors were taken into consideration during the preparation of the lesson by Ms. Mann and Mr. Martino including the fact that Cosmonaut Tyurin will be swinging in zero gravity, he will be wearing a space suit and that he will be tethered to the Space Station during the historic launching of a golf ball into orbit around the earth this coming November.

"Mr. Tyurin is a great student and a quick learner," commented Hall of Fame member Carol Mann. "Having played professional golf for many years and having taught students from all walks of life, I found it most interesting preparing for Mr. Tyurin's lesson. It is fascinating to be a part of something that transcends golf's traditional boundaries and will no doubt become a historical event."

Following the lesson Mr. Tyurin was presented with a PGA of America pin by Mr. Martino. In turn Ms. Mann was given the gold plated E21 6 iron that Mr. Tyurin used during the lesson. This club will be presented by Ms. Mann to the World Golf Hall of Fame for exhibit at the museum, which is located in St. Augustine, Florida. The 6 iron is one of only five such clubs made by E21 for this historic event. One of the irons is currently on the International Space Station.

"It was a pleasure representing The PGA of America's 16,000 members at this exciting event," commented Mr. Martino. "The PGA of America would like to thank E21 for its efforts in bringing this ground breaking event to the world. Golf is now becoming such a global sport. This event will only help accelerate the growth of our great sport while helping to bring both space and science down to earth. After our lesson had ended, Mr. Tyurin couldn't stop hitting balls. He asked me for a copy of The PGA Manual of Golf to take into space and study during his voyage. He said that upon his return to Earth he has plans to become a golfer."

During her Hall of Fame career Carol Mann won 38 golf tournaments on the LPGA Tour, including the US Open in 1965. In 1968, she won 10 times and won the Vare Trophy with a then-record 72.04 scoring average. Ms. Mann was also one of the most influential Presidents of the LPGA serving from 1973 to 1976. For the Women's Sports Foundation Ms. Mann served as President from 1985-1990. Based in Houston, Ms. Mann is also a top ranked golf teacher hosting students and groups at The Woodlands C.C. in The Woodlands, Texas. She is a Member Ambassador for the World Golf Hall of Fame, playing an instrumental role in the Hall's member relations and exhibit activities.

Rick Martino is Director of Instruction for The PGA of America. He teaches at The PGA Learning Center in Port St. Lucie, Fla., and is ranked among the Top 50 instructors by Golf Digest Magazine and Top 100 of GOLF Magazine. Mr. Martino is also author of The PGA Manual of Golf. His public instruction can be viewed on Rick also appears on the TNT broadcasts of The PGA Championship, the next being from Medinah CC near Chicago on August 17-20 2006.

This Wednesday Ms. Mann and Mr. Martino will be interviewed on the "Clubhouse Radio Show," hosted by Brian Crowell PGA Head Professional at Leewood CC in Eastchester, NY. The "Clubhouse Radio Show" is simulcast on WGCH AM 1490 and WLIE AM 540 and is aired every Wednesday during prime time between 6:00 and 7:00 pm EST and can be heard by going to The show is broadcast to the heart of the US financial community. This broadcast and last week's interview with Mann and Martino will be available on the E21 website shortly.

Film footage of the lesson will also be available from E21 shortly.

About Element 21 Golf Company and the ISS-14 Eagle One Golf Mission in November 2006:

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 offer 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.

On July 11, 2006 a Flight Safety Certificate was signed by Mr. Michael T. Suffredini of NASA for jettisoning a golf ball into orbit around the earth during a Russian Extravehicular Activity (EVA) this November. The International Space Station (ISS) Expedition 14 crew of Commander Michael Lopez-Alegria (NASA) and Flight Engineer Mikhail Tyurin (FSA) will be trained for this program in the Hydro Lab (EVA simulation) at the Gagarin Cosmonaut Training Center located in Star City, outside of Moscow, Russia from July 31 to August 8.

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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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