News

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) is pleased to announce that the Company has entered into a Letter of intent (“LOI”) arrangement with LYG Anlan Company Ltd. (”LYG”) an established jade and construction material manufacturer and distributor in China. Under the terms of the letter of intent LYG will design and manufacture jade and other semi-finished products for Electra that will be marketed and sold through LYG’s consumer network and new channels developed by Electra. This arrangement, if completed, would represent a milestone for Electra.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or the (“Company”) wishes to announce the granting of incentive stock options to certain directors, officers and employees to purchase up to 1,800,000 common shares under the Company’s Incentive Stock Option Plan. The options will be granted for a period of five (5) years, commencing on February 24, 2016, exercisable at a price of $0.10 per share.

About Electra Stone

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or the (“Company”) announces it intends to complete an additional 15 drill holes at the Company’s PEM 100 Geyserite quarry near Apple Bay on Holberg Inlet, Vancouver Island by early March 2016. The Company’s objective is centered on updating the mine plan and exploring the potential for producing a new high grade silica product.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or the (“Company) announces 2015 annual production and sale of 65,540 tonnes of chalky geyserite from its Apple Bay Quarry. Chalky Geyserite, also known as aluminum silica, is an integral ingredient in the production of cement. Approximately 20% of cement contains chalky geyserite. Year-over-year production was 13% higher with no notable operational changes.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (FSE:44E1) (the “Company” or “Electra”) is pleased to announce that the non-brokered private placement as reported in a news release dated December 31st, 2015 has been Closed. The Company has closed the private placement of 6,036,868 Units at $0.083 per unit for gross proceeds of $501,060.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) is pleased to announce that the Company has entered into a purchase contract agreement securing 250 metric tonnes of commercial grade British Columbia Nephrite Jade. Under the terms of the contract, Electra will first inspect and approve the jade followed by an initial $50,000 CDN deposit to secure the Jade for purchase until June 1, 2016.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) announces the closing of the first tranche of its previously announced non-brokered private placement (see the Company’s news release dated October December 31, 2015) issuing 4,216,868 Units (“Units”) at C$0.083 per for total aggregate gross proceeds of C$350,000.