Electrum Special Acquisition Corporation (NASDAQ: ELECU) today announced that, commencing August 12, 2015, holders of the 20,000,000 units sold in the Company's initial public offering and in connection with the underwriters’ partial exercise of their over-allotment option on June 16, 2015, may elect to separately trade the ordinary shares and warrants included in the units.

Those units not separated will continue to trade on The NASDAQ Capital Market under the symbol “ELECU” and each of the ordinary shares and warrants are expected to separately trade on The NASDAQ Capital Market under the symbols "ELEC" and "ELECW", respectively.

Electrum Special Acquisition Corporation is a newly organized blank check company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with, target businesses. The Company’s initial public offering resulted in gross proceeds to the Company of $200,000,000, including the underwriters’ partial exercise of their over-allotment option.

Although the Company’s search for a target business is not limited to a particular industry or geographic region, it intends to focus its search on target businesses that operate in the metals and mining industry, with an emphasis on gold and other precious metals. ESAC Holdings LLC, an affiliate of The Electrum Group LLC, a privately held global natural resources investment management company that manages the assets of Thomas S. Kaplan and other institutional investors, is acting as the Company’s sponsor.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of Electrum Special Acquisition Corporation, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., 499 Park Avenue, New York NY 10022, Attention: Jonathan Fecowicz, Telephone 212-915-1067, Email: jfecowicz@cantor.com.

Information Concerning Forward-Looking Statements:

This press release may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Electrum Special Acquisition Corporation expects or anticipates will or may occur in the future are forward-looking statements. These statements are subject to a number of risks and uncertainties, including, but not limited to the following: changes in general economic, market or business conditions; the opportunities (or lack thereof) that may be presented to and pursued by the Company; changes in laws or regulations; and other factors, many of which are beyond the control of Electrum Special Acquisition Corporation Information concerning these and other factors can be found in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s offering. Copies are available on the SEC’s website, www.sec.gov. Electrum Special Acquisition Corporation disclaims any obligation to update or revise any forward-looking statements after the date of this release, except as may be required by law.

On Behalf of Electrum Special Acquisition Corporation:Media:Sard Verbinnen & CoJonathan Gasthalter / Elizabeth Smith212-687-8080

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