Mr. John Costigan reports

ELECTRA CLOSES SALE OF RIGHTS TO PEM 100 QUARRY

On March 1, 2017, Electra Stone Ltd. closed its purchase agreement with the Linceo Media Group (LMG). Under the terms of the agreement, the consideration received by Electra included:

1. Cash payment of $50,000;
2. 49,000 common shares in the capital of LMG;
3. Cash consideration of $117,894.23 to be used for the payment of debts owed by Electra.

As further consideration for the purchase, LMG has agreed to purchase a new reclamation bond by the end of April, 2017, which should return the original reclamation bond to Electra.

The sale has brought capital to Electra to eliminate a significant amount of debt. Electra's focus will now be on new production and manufacturing opportunities.

About Electra Stone Ltd.

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.

We seek Safe Harbor.