Elm Tree Announces Private Placement Closed and Engages Investor Relations Consultants; Grants Stock Options Private Placement

ELM TREE minerals inc.

710 - 890 W. Pender St - Vancouver, BC - V6C 1J9 Tel: 604.669.2151 / Fax: 604.669.2136 Website: www.elmtreeminerals.com

ETM-NR-4-12 June 4, 2012 TSX-V: ETM

Elm Tree Announces Private Placement Closed and Engages Investor Relations Consultants; Grants Stock Options

Private Placement

Vancouver, B.C. - (June 4, 2012 - TSX-V: ETM) Elm Tree Minerals Inc. (the "Company" or “Elm Tree”) is pleased to announce that it has closed its private placement of $655,300 of its securities consisting of the sale of 6,553,000 units (the "Units") at a price of $0.10 per Unit, each unit consisting of one common share in the capital of the Company and one non-transferable share purchase warrant (the "Warrant"), with each such Warrant entitling the holder to acquire one additional common share of the Company at a price of $0.12 per share for a period of three years. The warrants will be subject to an acceleration clause that would require their exercise within thirty days of notice from the Company in the event that the Company's shares trade at or above $0.20 per share for a period of 20 days.

As part of the private placement, the Company paid $20,880 in cash and issued 120,800 warrants to finders as fees for their services with respect the private placement. The warrants issued to the finders have the same terms as the warrants issued in the offering.

The units, finders' warrants and any underlying shares are subject to a hold period and may not be traded, with respect to 1,675,000 units, until August 27, 2012, with respect to 2,880,000 units and 120,800 finders' warrants, until September 2, 2012, and with respect to 1,998,000 units, until September 25, 2012.

Grant of Stock Options

Elm Tree also announces that it has granted Incentive Stock Options on 1,000,000 shares of its capital stock, exercisable for five (5) years at a price of $0.10 per share, which price is not lower than the last closing price of the Company’s shares prior to this announcement, less the applicable discount. The options are granted pursuant to the Company's Share Option Plan and will be subject to applicable regulatory hold periods.

Investor Relations Agreement

The Company is also pleased to announce that it has entered into a consulting agreement as of April 1, 2012, with Tribeca Capital Partners Inc. ("Tribeca") pursuant to which Tribeca has Elm Tree Minerals Inc. News Release Page 2

agreed to provide media awareness and investor relations and shareholder communications programs on behalf, and subject to the control and direction of the Company. Based in Vancouver, British Columbia, Tribeca was founded to provide a full range of capital market and investor relation services personalized to the needs of pre-IPO and to publicly listed North American based small-cap to mid-cap companies. Tribeca is owned by Mr. Jamie Hyland, investor relations professional with experience assisting numerous small-cap corporations gain coverage and recognition within the global investment community. Mr. Hyland currently has a direct interest in securities of Elm Tree.

Company will pay Tribeca a monthly fee of $5,000 plus approved expenses incurred on behalf of the Company for a twelve month term, subject to cancellation upon 30 days notice by either party. The agreement also provides that Tribeca may receive incentive stock options from time to time at the discretion of the Board of Directors of the Company and subject to the vesting and other requirements of the policies of the TSX Venture Exchange (the "Exchange").

The investor relations agreement is subject to acceptance for filing by the Exchange.

About Elm Tree Minerals

Elm Tree is a junior resource mineral exploration company with an interest in the gold, silver and base metal Keymet Project located in the Bathurst Mining Camp, New Brunswick. To find out more about Elm Tree Minerals, visit Elm Tree's website at www.elmtreeminerals.com

ELM TREE MINERALS INC.

Per: “Michael Waggett”______ Michael Waggett, President

For more information, please contact:

Elm Tree Minerals Ltd. Tribeca Capital Partners Inc.

Michael Waggett Jamie Hyland President, CEO and Director (604) 669-2151 Office (604) 669-2151 Office (778) 938-8760 Cell E: [email protected] E: [email protected] W: www.elmtreeminerals.com W: www.elmtreeminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.