Element 21 Golf Company Shafts Place Third at the PGA Tours Fedex St. Jude Classic

MARKET WIRE

Posted 2006-06-07

Element 21 Golf Company ("E21") (OTCBB: EGLF) reported today that a player playing its Eagle One iron shafts placed third at this weekend's Fedex St. Jude Classic played in Memphis, Tennessee. With rounds of 69, 69, 67, 71 the third place was the player's best finish since the 2002 PGA golf season.

"Our shafts continue to create a stir on the Professional Tour. To date, E21 shafts have been used in over 12 PGA events," stated Andy Harris, E21's Director of Tour Operations. Players are using or testing out E21 scandium golf shafts on PGA, Champions, LPGA and Nationwide Tours. The visibility on tour also comes from the E21 Tour Van, which has been present in a dozen PGA events including the Players Championship, Masters, Bay Hill Invitational, Byron Nelson Classic, and Bank of America Colonial Invitational.

"Continuing to have a presence on the PGA Champions, LPGA and Nationwide tours is a very important part of our business plan," commented Bill Dey, E21's Executive Vice President and General Manager. "As word continues to spread we are very confident that over time we will see a number of touring professionals turning to our game enhancing technology. We look forward to getting several new E21 products into the hands of professionals in the near future," said Mr. Dey.

About Element 21 Golf Company:

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 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 from the International Space Station -- using an E21 golf club. It is only natural that this event takes place on the ISS, considering that E21 Alloys 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.