Mr. Jean-Pierre Jutras reports

JADE LEADER REVEALS COLOR CHANGE PHENOMENON JADES FROM ITS DJ PROJECT, WASHINGTON STATE, USA

Jade Leader Corp. is detailing a new type of nephrite jade to the gem and collector world markets. This Jade has a unique colour change phenomenon whereby, depending on the specimen, the colour can shift from white to blues to dark green as the viewer's eye moves in relation to the stones. Gemologists refer to gemstones showing unusual optical effects such as colour change, chatoyancy or asterism as phenomenon stones, which can be highly prized by collectors and specialty jewellers.

"To our knowledge, jade showing this colour change phenomenon has never been documented before, so we had to create the most appropriate cutting and shaping techniques to properly exhibit the optical phenomenon from scratch," stated Jean-Pierre Jutras, PGeol, the president of Jade Leader. "We combined scanning electron microscope mapping, thin section and hand sample microscopy with trial and error lapidary work to understand how the stone's crystallographic fabric interacted with light to create this effect," stated Mr. Jutras, PGeol, the president of Jade Leader.

While still photographs can illustrate how colours are seen from static viewing angles under daylight LED (light-emitting diode) studio conditions, movement is needed to reveal the dramatic shimmering dramatic colour transitions. Readers are invited to watch a special video of the stone's full visual effects presented in the company's latest Youtube channel video, titled, "Change in the jade world."

Identification work conducted to date on this material from surface samples relied heavily on SEM/EDS (scanning electron microscope/energy dispersive X-ray spectroscopy), as well as thin section and hand sample microscope work to understand the relationship to perceived colour to the main mineralogical characteristics of the nephrite jade itself.

SEM/EDS analysis work performed at the University of Arizona determined that the samples are dominantly composed of long fibre tremolite (the main constituent of nephrite jade), with minor inclusions of both biotite and chromite. In addition, different chemical compositions were noted in different growth generations of the tremolite, including variable iron contents, which appear to affect colour. The company believes that the colour, and the colour change phenomena, are caused by a combination of varying chemical composition between different growth stages, and the fabric created by intergrowths of different growth stages of the fibrous jade minerals. The most dramatic effects tend to appear when the stone is viewed at a high angle, so Jade Leader had to develop specialized cutting techniques to properly highlight the various colour change effects in any given stone.

About the colour change occurrence

This colour-changing jade has been found in surface trenches at the Lode 2 jade occurrence of Jade Leader's Washington DJ project. Here, a jade-bearing structure is intermittently exposed at surface for about 50 metres and has been followed by drilling to depths of up to approximately 30 metres (see the news release dated Jan. 30, 2019). Most of the surficial Jade was heavily weathered, although some larger samples had fresh cores which provided materials for developing the appropriate cutting protocols.

Way forward

Now that the company understands these new jades and has cut a suite of fine stones, the company is considering its best options for marketing these materials to the collectors' market. Meanwhile, field tests are under way to determine if it is possible to get below the surface jade weathering horizon on site with minimal disturbance. This would allow the company to plan a pilot field program to determine potential yields through trenching along the known occurrence, as well as provide additional materials to bring to market.

The company also continues to expand its audience of international carvers, jewellery manufacturers and industry professionals by routinely updating product information on social media, including posters and videos relating to its current Jade products and inventory.

Qualified person

Mr. Jutras, PGeol, president of the company, is the company's qualified person, as defined by National Instrument 43-101. Mr. Jutras and Jade Leader personnel have maintained full chain of custody of all sample materials which are the subject of this update throughout the extraction and testing process; they have approved the technical disclosure contained in this news release.

About Jade Leader Corp.

Recent articles suggest that the international jade market is now larger than the better-known worldwide market for rough diamonds, without any participation in the space by publicly listed Companies prior to the formation of Jade Leader.

Jade Leader, with a board of directors having over 120 years of combined experience as mineral exploration geologists with proven records of discoveries, is led by JP Jutras, BSc, hons geology, PGeol, who is also an internationally recognized jade carver with over 30 years of experience.

Jade Leader is leveraging this unique combination of mineral exploration expertise and jade carving knowledge to build a portfolio of six jade exploration properties on which nephrite jade with various characteristics has now been identified in stable, mining-friendly jurisdictions in the United States.

We seek Safe Harbor.