ELEVRA LITHIUM LIMITED — Capital/Financing Update 2007

Sep 30, 2007

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DiamonEx Limited

ABN 26 091 951 978

Level 1 349 Coronation Drive Milton Qld 4064 Australia Telephone: +61 7 3720-8944 Facsimile: +61 7 3720-8988 e-mail : diamonex@diamonex.com Postal Address: PO Box 1357 Milton Qld 4064

ASX ANNOUNCEMENTS AUSTRALIAN STOCK EXCHANGE

28 September, 2007

DIAMONEX LIMITED TO LIST ON LONDON’S AIM Pre-Admission Announcement Lodged 28 September 2007 in preparation for listing late October .

The directors of Diamonex Limited (ASX: DON ) ( Diamonex ) or the Company ) are pleased to advise that the Company today lodged its “Pre-Admission Announcement” for the admission of the ordinary shares in the Company to trading on the AIM market of the London Stock Exchange.

Under the fast track route for AIM Admission, which is available to Diamonex due to its existing ASX listing, the Pre-admission Announcement must be made at least 20 days before the AIM listing date. On this basis, it is anticipated that the AIM listing will take place on or around 29 October 2007.

The proposed AIM listing is intended to broaden DiamonEx’s shareholder base, offer investors in the UK and European markets easier access to the Company’s securities that may be required to progress its Lerala Diamond Mine Project.

The Company has appointed Australia based group RFC Corporate Finance Ltd as its Nominated Adviser and respected London broker, Fox-Davies Capital Ltd, as its UK broker in relation to the AIM listing.

The Company’s ordinary shares will continue to be listed on both the Australian Stock Exchange (“ASX”) and the Botswana Stock Exchange (“BSE”). Shareholders can trade their shares on either the ASX, BSE or AIM, but before doing so, will need to transfer their shares onto the relevant share registry and establish an account with an appropriate stockbroker. The Company and its share registrars can provide further details on such procedures to interested shareholders.

Further information is contained in the AIM Pre-Admission Announcement and Appendix that have been submitted to the London Stock Exchange and which have also been lodged on the Company’s website, www.diamonex.com.au.

For further information, contact:

Dan O’Neill (Managing Director) Greg King (Chairman) +61 7 3720 8944 (Office) +61 7 3720 8944 (Office) +61 7 3720 8988 (Fax) +61 7 3720 8988 (Fax) +61 407596942 (Mobile) +61 411473730 (Mobile) diamonex@diamonex.com.au (Email) diamonex@diamonex.com.au (Email)

DiamonEx is a Brisbane, Australia-based specialist diamond company planning to develop a 330,000 carat per year diamond mine based on an established 3.7 million carat resource at Lerala in eastern Botswana, within an area that produces 30% of the world’s diamonds by value