Guard Kenyos:
It used to be the Elven school of magic, but it has become a ruin since it was abandoned a long time ago. It is very dangerous now because of the undead and spirits that roam the dust-filled corridors. Of course, a few fellows have set off for the place with hopes of finding forgotten treasure.
To go to The Elven Ruins, you must first find the Obelisk of Victory which is on this road to the northeast. Once at the obelisk, the road forks into two -- take the one that goes to the east and you'll see the entrance to the ruins on the side of the mountain ridge.