ELM TREE minerals inc.

888 Dunsmuir St., Suite 888 - Vancouver, BC - V6C 3K4 Tel: 604.488-3900 / Fax: 604.669.2136

TSX-V: ETM

ELM TREE CLOSES 1ST TRANCHE OF FINANCING - 2ND TRANCHE CONDITIONALLY APPROVED

Vancouver, B.C. - (July 31, 2013 - TSX-V: ETM) Elm Tree Minerals Inc. (the "Company" or “Elm Tree”) announces that the first tranche of its a non-brokered private placement announced on July 15, 2013 has been approved by the TSX Venture Exchange. The first tranche consists of 1,150,000 units at a price of $0.10 per unit in the capital stock. Each unit consists of one common share and one half share purchase warrant. Each full share purchase warrant will entitle the holder thereof to purchase one additional share of the Company at a price of $0.20 per share for a period of eighteen months from the closing date of the private placement. The second tranche has also been submitted for a further 500,000 units and has been conditionally approved subject to filing of two personal information forms.

ELM TREE MINERALS INC.

Per: "John Curle"

John Curle, President and CEO

For more information, please contact:

Elm Tree Minerals Inc.

John Curle 604-488-3900

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.