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

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (FSE:A14NCM ) ("Electra") is pleased to announce that the Company has arranged for a non-brokered private placement (the "Private Placement") of 40,000,000 units (the "Units") at a subscription price of $0.05 per Unit to an individual subscriber for gross proceeds of up to $2,000,000. This 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 and one-half of a share purchase warrant. Each whole warrant will be exercisable into one additional common share (the "Warrant Share") of the Company at $0.10 per Warrant Share for a period of two years from closing of the Private Placement.

The common shares issued or issuable pursuant to the Private Placement will be restricted from trading for a four month hold period in accordance with applicable securities laws and policies of the TSX Venture Exchange (the "Exchange"). 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.

Finders fees are payable in connection with the private placement of 8% in units. The units are comprised of one common share and one-half of a share purchase warrant exercisable at $0.10 per share for a period of two years from closing.

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

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.

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 receive not regulatory or shareholder approval. Forward-looking information is provided as of the date hereof and is based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. 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 filed with 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.