Mr. Jean-Pierre Jutras reports

JADE LEADER PROPOSES TO EXTEND WARRANTS

Jade Leader Corp., subject to the approval of the TSX Venture Exchange, is seeking to extend the term of certain warrants and reduce the exercise price from 14 cents per share to seven cents with an accelerator clause.

Warrant repricing and extension

The company intends to extend the expiry date of 1,607,142 warrants granted on Nov. 17, 2021, with each warrant entitling the holder to purchase one common share of the company until Nov. 17, 2025.

In addition, the company will reprice the 1,607,142 warrants from 14 cents per share to seven cents per share. The warrants will also be revised to include an acceleration clause such that the term of the warrants will be reduced to 30 days in the event the closing price of the common shares on the TSX Venture Exchange exceeds seven cents by 25 per cent or more for 10 consecutive trading dates. The reduced term would commence on the third business day after the 10th premium trading day. None of the warrants are held by insiders.

The company does not intend to file a material change report in respect of the extension.

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 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.