Received by email:

File: 01-15-16 ELT PP close.docx






January 15, 2016
TSX.V Symbol: ELT
Frankfurt Symbol: 44E1

Electra Announces Closing of a Non-Brokered 
Private Placement

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (FSE:44E1) (the "Company" or "Electra")  is please
--->d to announce that the non-brokered private placement as reported in a news release dated December 31st, 2015 has been
---> Closed. The Company has closed the private placement of 6,036,868 Units at $0.083 per unit for gross proceeds of $501
--->,060.
Each Unit consists of one common share of the Company and one common share purchase warrant ("Warrant"). Each Warrant 
--->entitles the holder to purchase one common warrant share of the Company at a price of $0.20 per share for a period of 
--->24 months following the date of closing.

All of the securities issued under the private placement will be subject to a four month hold period from closing.

The Company paid cash finders' fees totaling $8,763.80 in connection with the private placement and issued broker warr
--->ants exercisable into a total of 105,600 common shares in the capital of the Company for a period of 24 months from th
--->e closing date at an exercise price of $0.20 per share

Of the 6,036,868 common shares issued 500,000 have been issued to Zimtu Capital Corp an insider of Electra.

The proceeds of this private placement are for the Company's operations, Nephrite project developments and general cor
--->porate purposes.

John Costigan, President and CEO commented "I believe that the popularity of this financing demonstrates the strength 
--->of Electra's offering in these difficult markets."
 
About Electra Stone
Electra Stone Ltd. is a mining company specializing in the development of and exploration for Nephrite Jade and indust
--->rial minerals.  The Company is in the process of mining the Apple Bay aluminum silicate quarry located on Vancouver Is
--->land near Port Hardy, British Columbia. Electra has also recently entered into Nephrite Jade exploration in British Co
--->lumbia. Total sales and price of B.C. Nephrite Jade have reportedly increased significantly over the past several year
--->s according to private producers. Increased interest in Nephrite Jade in South-East Asian countries, specifically Chin
--->a is the primary reason for the rise in demand.


For further information on Electra Stone Ltd. please visit www.electrastone.com
Or contact: Tyler Lowes 604-681-1568.
 
On behalf of the Board of Directors,
"John Costigan"
President and Director.
Forward Looking Statement
This document may contain or refer to forward-looking information based on current expectations, including, but not li
--->mited to timing of mineral resource estimates, future exploration or project development programs and the impact on th
--->e Company of these events.  Forward -looking statements in this news release include completion of a financing and the
---> issuance of securities. Forward information is subject to significant risks and uncertainties, as actual results may 
--->differ materially from forecasted results.  Forward-looking information is provided as of the date hereof and we assum
--->e no responsibility to update, or revise them to reflect new events or circumstances.  For a detailed list of risks an
--->d uncertainties as it relates to Electra Stone Ltd., please refer to the Company's Annual Financials filed with SEDAR.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the conte
--->nts herein.