Electra Amends $2,000,000 Non-Brokered Private Placement

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (FSE:A14NCM ) (“Electra” or the “Company”) announces that the Company has amended its non-brokered private placement (the “Private Placement”) previously announced on May 21, 2015. The Private Placement is for 40,000,000 units (the “Units”) at a subscription price of $0.05 per Unit to an individual subscriber for gross proceeds of $2,000,000. The Private Placement will result in a change of control of Electra and will require shareholder approval prior to its completion.

Each Unit will consist of one common share (each, a “Share”) and one share purchase warrant (each, a “Warrant”). One Warrant will be exercisable into one additional Share (the “Warrant Share”) of the Company at $0.10 per Warrant Share for a period of three years from closing of the Private Placement.

A finder’s fee of 8% of the gross proceeds of the Private Placement may be paid by the issuance of units (the “Finder’s Units”). The Finder’s Units consist of one Share (each a “Finder’s Share”) and one-half of one non-transferable warrant (each, a “Finder’s Warrant”). One whole Finder’s Warrant is exercisable into additional Finder’s Shares (each a “Finder’s Warrant Share”) for a period of two years at a price of $0.15 per Finder’s Warrant Share.

All securities will be subject to a four-month and one day hold period. Completion of the Private Placement is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange and approval by the shareholders of the Company. The Company has scheduled its 2015 annual general and special meeting for August 27, 2015 and will provide details in the coming weeks.

The net proceeds of the Private Placement will be used to advance the Company’s operations and for general and corporate purposes.

All other terms of the private placement previously announced remain unchanged.

About Electra Stone

Electra Stone Ltd. (the “Company”) (formerly Electra Gold Ltd.) is a mining company, specializing in the development of and exploration for industrial minerals and dimensional stone. The Company is in the process of mining the Apple Bay mineral properties located on Vancouver Island near Port Hardy, British Columbia. The mineral claims are located on crown land within the traditional territory of Quatsino First Nation Band. The Company has also recently entered into the dimensional stone sector with a current focus on Nephrite Jade exploration in British Columbia. The Company currently trades on the TSX Venture Exchange under the symbol ELT.

1450-789 West Pender Street, Vancouver, B.C. V6C 1H2
Phone: 604-681-1568 Fax: 604-681-8240
E-mail john@electrastone.com

For further information on Electra Stone Ltd. please visit www.electrastone.com
Or contact: Tyler Lowes 604-681-1568.

On behalf of the Board of Directors,

“John Costigan”

President and Director.

Forward Looking Statement

This document contains forward-looking statements. Forward –looking statements in this news release include completion of a financing and use of proceeds. Forward information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Factors which may prevent the forward looking statements from coming to fruition include that we may not agree on terms with the investor and we may not receive regulatory or shareholder approval. Forward-looking information is provided as of the date hereof and is based on current expectations. We assume no responsibility to update or revise them to reflect new events or circumstances, except as required by law. For a detailed list of risks and uncertainties as it relates to Electra Stone Ltd., please refer to the Company’s 2014 Annual Financials and MD&A filed on SEDAR.

Neither the 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 news release.