Mr. John Costigan reports

ELECTRA STONE LTD (TSXV:ELT) CONTINUES TO DRILL AT APPLE BAY

Electra Stone Ltd. intends to complete an additional 15 drill holes at the company's PEM 100 geyserite quarry near Apple Bay on Holberg Inlet, Vancouver Island, by early March, 2016. The company's objective is centred on updating the mine plan and exploring the potential for producing a new high-grade silica product.

This 2016 drilling will comprise shallow percussion drill holes ranging from 14 to 40 metres. Drilling will further characterize the known alumina silica mineralization and will provide a greater operational understanding of the extent of high-grade (greater than 95 per cent) silica within the existing mine plan.

John Costigan, president and chief executive officer of Electra Stone, commented: "Although high-grade silica is already mined in the quarry to blend with higher-grade alumina silica, Electra Stone has identified a potential market opportunity for a stand-alone high-grade silica product. This program may allow us to expand the annual output of the PEM 100 quarry and increase the company's revenue. Regional consumption of alumina silica and high-grade silica is estimated to be greater than 500,000 tonnes per annum. This program is part of managements continued efforts to improve operational efficiencies at the PEM 100 quarry."

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