Electra Gold Ltd. reported audited financial results for the year ended December 31, 2012. For the year, sales were CAD 842,699 against CAD 1,002,153 for the last year. Loss before income taxes was CAD 714,741 against CAD 513,830 for the last year. Net and comprehensive loss for the year was CAD 714,741 or CAD 0.01 per diluted share against CAD 513,830 or CAD 0.01 per diluted share for the last year. Cash flows used in operating activities was CAD 251,306 against CAD 516,690 for the last year. Resource property acquisition and exploration expenditures was CAD 289,254 against CAD 440,822 for the last year. Purchase equipment was CAD 23,175.

Electra Gold Ltd. announced that the Lucky East Graphite Claims have been acquired by staking. The property consists of four claims totaling 726.67ha situated near North Barriere Lake in the Kamloops Mining Division of SouthCentral British Columbia. On the adjacent Lucky-J graphite occurrence determined by X-ray diffraction (XRD) is the crystalline, flake variety which returned values of from 2.50% to 4.62% graphite. This material represents an indicated grade of two steeply dipping sections (45° to 65°) occurring between 42m -49m (138'-162') and 63m -77m (207'-253') with the mineralized structure appearing to have a true width of 14 metres (46 feet). This mineralized section occurs from a zone exhibiting a very strong electromagnetic conductor with an indicated strike length in excess of 1,000 metres (3,280 feet) and still open on both the east and west ends onto the Lucky East claims owned by Electra. The development of this thick graphite section is thought to occur because of the high carbon content of the original sedimentary rock and its proximity to an underlying metamorphic heat source of quartz monzonite composition.

Electra Gold Ltd. reported that it has acquired by staking via GESTIM, 638 Hectares of ground located 7km East of TomaGold Corp. and Quinto Real Capital Corp., Monster Lake project. Gestim clearly shows the same package of mafic volcanics, volcanoclastites, tonalities, diorite and quartzite occurring on the acquired ground as is identified on both the Tomagold and Quinto Real Monster Lake projects.