Mr. John Costigan reports

ELECTRA APPOINTS NEW CFO AND JADE MARKETING TEAM

Electra Stone Ltd. has appointed John Fong as the chief financial officer, Tyler Lowes as the manager of corporate development and Tony Hu as the manager of investor relations.

Mr. Fong is a CPA and CGA with over 15 years of experience in the mining industry and has an extensive background in financial reporting and analysis, internal audit and accounting systems. Mr. Fong was formerly the vice-president of internal audit for Rio Alto Mining Ltd. and controller for Grove Energy Ltd. In addition to his role as CFO of Electra Stone, Mr. Fong operates his own financial consulting business.

Mr. Lowes is a seasoned communications professional with experience in raising capital and the marketing of a number of resource exploration companies. Mr. Lowes has worked with the Zimtu group of companies for over four years. His network of contacts within the financial community extends across North America and Europe.

Mr. Hu, MBA, has over 20 years of experience in international trade with a certificate in supply chain management and lean manufacturing from MIT. Mr. Hu was formerly a sales manager for the Noble Group Ltd where he was responsible for international trade. In addition he also has extensive experience connecting businesses between China and North American markets.

John Costigan, president and director of Electra, comments, "I am very pleased to be adding these new personnel to the Electra team, their combined experience and expertise will continue to build and develop Electra's initiatives into the B.C. jade industry."

Jade market

Total sales and price of B.C. nephrite jade have reportedly increased significantly over the past several years according to private producers. Increased interest in nephrite jade in southeast Asian countries, specifically China, is the primary reason for the rise in demand.

In addition Mr. Fong has been granted 250,000 incentive stock options exercisable at 10 cents per share for a five-year period.