News

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) announced today that it has signed a Letter of Intent (“LOI”) with D&P Advisors of Kuala Lumpur (“DP”), West Malaysia in order to form a Joint Venture company that will market and sell jade products through a direct sales strategy and a global online management platform. Under the terms of the proposed Joint Venture, Electra Stone will be the exclusive provider of jade, and other precious stones and or minerals.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or the (“Company”) is pleased to announce it has commenced the drilling of approximately 30 shallow percussion drill holes ranging from 14 to 40 meters at the Company’s PEM 100 quarry on Holberg Inlet, Vancouver Island.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or (“the Company”) is pleased to announce that the Company has entered into a distribution arrangement with “Silk Road Commodities Exchange” (”Silk Road”) a jade and cultural products company with producing nephrite jade assets in China. Under the terms of the arrangement Silk Road will market and distribute Jade products from their “Culture Assets and Equity Exchange”, an online platform that facilitates the purchase and secondary trade of cultural Chinese assets including: jade, jewelry, stamps and art.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) has completed its share for debt settlement with various creditors as previously announced on April 8, 2016. The Company has issued 834,660 common shares (the “Common Shares”) at a deemed price of $0.095 per Common Share and has extinguished $79,292.72 in debt owed to the creditors. As a result, the Company currently has 65,931,991 common shares issued and outstanding.

The Common Shares are subject to a statutory hold period of four months and one day which expires on August 21, 2015.

About Electra Stone

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) has entered into a Shares for Debt Agreement (the “Settlement Agreement”) with certain creditors whereby Electra will issue common shares of the company at a deemed price of $0.095 per share in full and final settlement of the amounts owing. Pursuant to the Settlement Agreement, $79,293 in debt will be settled by issue of a total of 834,660 shares of Electra.

Issuance of the shares will not result in a change of control of the Company.

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.