SOURCE: Element 21 Golf Co.

October 25, 2006 11:10 ET

Shares of Element 21 Golf Begin Trading on the Frankfurt Exchange

TORONTO -- (MARKET WIRE) -- October 25, 2006 -- Element 21 Golf Company (OTCBB: EGLF) is pleased to announce that its shares have been accepted for listing and trading on the Frankfurt Stock Exchange (FWB) under the symbol BJQ (FRANKFURT: BJQ), in addition to its current U.S. listings.

"With increasing interest in the Company from foreign markets, Element 21 Golf Company has taken the strategic step to obtain a dual listing in Europe as well as North America. This will provide the Company with additional exposure in foreign markets and broaden the Company's access to worldwide markets as well as its shareholder base," noted Executive Vice President and General Manager, Bill Dey. "The performance benefits of our new golf products have attracted widespread international attention within the industry. The initiative to list our shares on the Frankfurt Exchange will expedite institutional and private investment interest in the Company in International markets."

E21 golf equipment is represented in the German market by: GPS-Golf Professional Service GmbH, Elbchaussee 54, D-22765 Hamburg, Germany.

The Frankfurt Exchange Open Market is home to equities from over 60 different countries, led by a strong U.S. contingent that represents approximately 40%+ of the stocks listed. According to The Frankfurt Stock Exchange (FWB) data, 45% of Europe's top 300 companies have their primary listing on the London or Frankfurt exchanges. The FWB was founded over four hundred years ago in 1585 and is operated by Deutsche Börse AG. The FWB is by far the largest of the eight German stock exchanges. It ranks third in the world behind NYSE and NASDAQ. For more information, visit the Frankfurt Stock Exchange at http://deutsche-boerse.com.

Since the launch of Xetra, FWB's electronic trading platform, it has offered its clients not only floor trading through brokers but also fully-electronic trading facilities, whereby orders from any point in the globe are automatically inputted into the order book on the central computer. The Exchange continues to develop new processes and filing procedures to provide transparency and properly meet the expectations of both filing companies and the investment community.

About Element 21 Golf Company:

E21 holds the exclusive right to manufacture golf products using the proprietary E21 Scandium Metal Alloy. 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. The E21 Alloy is 55% lighter and offers 25% strength to weight advantage over Titanium alloys, the current standard in the golf equipment industry. The advanced dynamics of the E21 Alloy and the material economics offer a performance-enhanced alternative to manufacturing driver clubs with Titanium, the largest segment of the annual $5.5 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 scandium alloys similar to the E21 Alloy 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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