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 COMPLETES SHARE CONSOLIDATION

Vancouver, B.C. - (July 15, 2013 - TSX-V: ETM) Elm Tree Minerals Inc. (the "Company" or “Elm Tree”) announces that Company has arranged a non-brokered private placement of up to 1,500,000 units at a price of $0.10 per unit in the capital stock for total gross proceeds of up to $150,000. Each unit will consist 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. Closing of this placement is conditional upon approval of the TSX Venture Exchange. The term of the Warrants may be accelerated in the event that the Issuer's shares trade at or above a price of $0.30 per share for a period of 20 consecutive trading days. In such case, the Issuer may give notice, in writing and by way of news release, to the Subscribers that the Warrants will expire 30 days from the date of providing such notice.

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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.