SOURCE: Element 21 Golf Co.

April 29, 2008 16:00 ET

Element 21 Golf Signs $4.24 Million Contract for Scandium Shaft Distribution

TORONTO--(Marketwire - April 29, 2008) - Element 21 Golf Company (OTCBB: ETGF) (FRANKFURT: BJQ), the manufacturer of advanced Scandium Alloy golf and fishing equipment, announced that it has signed a $4.24 million minimum order Scandium shafts distribution deal with Kanata Shaft Co.

The three year exclusive Scandium shafts distribution deal for North America has been in the works since January 2008. Kanata Shafts has conducted extensive due diligence by a foremost industry expert with a 40 year career in design and manufacturing of golf shafts. The due diligence was aimed to primarily satisfy possible OEM requirements in terms of quality, consistence and volume capabilities. The satisfactory completion of due diligence formalized the contract between Element 21 Golf and Kanata Shaft Co.

About Kanata Shaft Company:

Kanata Shaft Co. LLC is an Ohio Limited Liability Corporation established to distribute and market Scandium shaft technology and other golf components and products primarily in the U.S. to fitters of golf equipment as well as OEMs and other manufacturers of golf products. The manager of Kanata S.C. is Alan Fadel, who has assembled a team of experts including Robert Bush, Marvin Giles, and Eoghan O'Connell.

About Element 21 Golf Company:

Element 21 Golf Company develops and markets award winning golf and fishing products made from the Company's next-generation, proprietary Scandium Alloys. Element 21's high performance products deliver dramatic improvements in distance, consistency, accuracy and feel over the most popular products in the US$5.5 billion golf and the US$48 billion international fishing markets.

Originally developed for advanced aeronautics in jet fighters including the MiG, Element 21's patented Scandium Alloys provides the highest strength-to weight ratio of any material currently used in sports -- 25% improvement over Titanium, 40% improvement over Graphite/Epoxy, 52% improvement over Aluminum, 70% improvement over Steel. They also provide unique vibration dampening properties resulting in products with unprecedented feel over competing materials.

Element 21 Golf Company has recently expanded its product line to include fishing equipment that has quickly secured international recognition by winning several top honors at the 2007 ICAST, the world's largest sports fishing trade show.

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 Element 21'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. Element 21 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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