Mr. John Costigan reports

ELECTRA STONE LTD (TSXV:ELT) ENTERS INTO 250 TONNE JADE PURCHASE CONTRACT

Electra Stone Ltd. has entered into a purchase contract agreement securing 250 metric tonnes of commercial-grade British Columbia nephrite jade. Under the terms of the contract, Electra will first inspect and approve the jade followed by an initial $50,000 deposit to secure the jade for purchase until June 1, 2016.

The purchase of this jade will be used by Electra to advance the company's objective and goals in both selling and marketing British Columbia nephrite jade in mainland China to carvers and jade manufacturers.

"This jade purchase contract provides our current and future potential customers with the knowledge that a secure supply of jade is available through Electra, in a scale that accommodates larger possible commercial uses," stated John Costigan, chief executive officer and director.

We seek Safe Harbor.