Mr. John Costigan reports

ELECTRA STONE TO OPEN HONG KONG OFFICE

Electra Stone Ltd. will open offices in Hong Kong, China, to support sales, marketing and administration of raw nephrite jade from British Columbia to China. The newly incorporated Hong Kong Corp. will be a wholly owned subsidiary of Electra Stone under the name Vancouver Jade Holdings (HK) Ltd., as part of the company's overseas expansion plans.

"Hong Kong is the first part of our international expansion plans to deliver a fully integrated solution connecting the jade mining in B.C. with end-buyers in Asia. Vancouver Jade Holdings (HK) Ltd. will serve as our international trading platform for the export of raw nephrite jade stones from British Columbia to China. In our longer-term plans, Hong Kong will serve as our international trading platform for finished jade products from China to the international market," stated John Costigan, president and chief executive officer of Electra Stone.

We seek Safe Harbor.