EDN Elkedra

    ELKEDRA DIAMONDS NL

                                                        Level 1, 130 Hay Street

                                                                Subiaco WA 6008

                                              PO Box 8035, Subiaco East WA 6008

                                                     Telephone: +61-8-6380 2855

                                                     Facsimile: +61-8-6380 1644

                                                 E-mail: elkedra@elkedra.com.au

                                                   Web Site: www.elkedra.com.au

28 September 2007

Alternative Investment Market

London UK

Dear Sir/Madam,

RE:ELKEDRA DIAMONDS NL / VAALDIAM RESOURCES LTD- SCHEME OF ARRANGEMENT

Shareholders can view the scheme document on the company's website: 
www.elkedra.com.au

RFC Corporate Financial Ltd is the company's nominated advisor,

Contact Stuart Laing - Phone +61 8 9480 2506

For and on behalf of the Board


M.D.J. Cozijn

Company Secretary

cc: Directors - DB/SR/TT


END

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