ELEVRA LITHIUM LIMITED — Director's Dealing 2008

Nov 3, 2008

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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

4 November 2008

DIRECTOR RESIGNATION

DiamonEx Limited advises that Mr Donald Duncan has resigned as a Non Executive Director of the Company and its subsidiaries. Please find attached an Appendix 3Z – Final Director’s Interest Notice.

The Company would like to thank Mr Duncan for his valuable contribution over the period he was a Director.

For further information, contact:

Dan O’Neill (Managing Director)

+61 7 37208944 (Office) +61 7 37208988 (Fax) +61 407596942 (Mobile) diamonex@diamonex.com.au (Email)

Greg King (Chairman)

+61 7 37208944 (Office) +61 7 37208988 (Fax) +61 411473730 (Mobile) diamonex@diamonex.com.au (Email)

Will Souter

RFC Corporate Finance Ltd (Nomad) Tel: +612 9250 0050 Email: will.souter@rfc.com.au

Richard Hail

Fox-Davies Capital Ltd (AIM Broker) Telephone: +44(0) 20 7936 5200 Email: Richard.Hail@fdcap.com

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity DIAMONEX LIMITED ABN 26 091 951 978

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	DONALD JAMES DUNCAN
Date of last notice	14 JUNE 2005
Date that director ceased to be director	3 NOVEMBER 2008

Part 1 – Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

500,000 Fully Paid Ordinary Shares

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest NIL	Number & class of securities

Part 3 – Director’s interests in contracts

Detail of contract	NIL
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002