Electra Grants Stock Options

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

Electra Stone Ltd. has been operating the PEM 100 Geyserite quarry continuously since 2003. In 2015 the Company entered into a new market and with the focus on building a vertically integrated nephrite mining, trading & marketing company. Electra continues to develop its international market presence and grow the sale of industrial minerals regionally as well as Jade from British Columbia into Asian markets.

For further information and sales enquires on Electra Stone Ltd. please visit www.electrastone.com

Or contact: Tyler Lowes 604-620-8589.

On behalf of the Board of Directors,

“John Costigan”

President and Director.

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.