Mr. John Costigan reports

ELECTRA SELECTED TO SUPPLY BC JADE FOR SHAOLIN TEMPLE CONSTRUCTION

Electra Stone Ltd. has entered into an arrangement with the Shaolin Zenwu Cultural Centre whereby Electra has been selected as a primary supplier of British Columbia nephrite jade for the construction of a new Shaolin temple in the Lower Mainland. Construction of the Shaolin temple is expected to begin in the second half of 2017.

"Electra is honoured to be chosen as a premier supplier of British Columbia jade to the Shaolin group. The Shaolin brand is one of the most recognizable in the world, and we are very excited to be working with them as we showcase the beauty and versatility of British Columbia jade to the world," commented John Costigan, president and chief executive officer of Electra.

Under the terms of this arrangement, Electra will supply all jade within the quality, quantity and dimensions requested at competitive market prices to the Shaolin Zenwu Cultural Centre. A 3,000-kilogram block of British Columbia nephrite jade has been donated by Vancouver Jade Mining Inc. as a show of good fortune and friendship to the Shaolin Zenwu Cultural Centre.

About Electra Stone

Electra Stone is building a vertically integrated public nephrite jade mining, manufacturing and marketing company. Electra is focused on the development of architectural and dimensional jade products, along with international market growth and trade of nephrite jade from British Columbia into Asian markets, with a specific focus on China.

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