248- 515 West Pender St., Vancouver BC, V6B 6H5

TEL: 604.428.2900 EMAIL:

JIM ELBERT APPOINTED DIRECTOR, MCTO COMMUNICATION

Electra Stone Ltd., (TSX-V: ELT) (OTC-ELCGF) (“Electra”) announces today, May 01, 2018, that Mr. Tony Hu has resigned as President and Director, and his resignation has been accepted by the Board. Mr. Jim Elbert has been appointed Director, with current Director, Thea Koshman, LLB,assuming interim CEO duties.

Further to news of April 20, 2018, ELECTRA has been advised that it has been granted approval of its request to extend the April 30th filing deadline of the Annual Audited Financial Statements.

Mr. Jim Elbert, has been Director and CEO of Goldrea Resources Corp., since 2012, after several years working as a consultant for the Company. Mr. Elbert studied Business Administration at The Ohio State University. He launched and built a regional construction company in Arkansas and then moved to British Columbia in 1992 to raise his family. Mr. Elbert worked as an investment advisor in Canadian national brokerages for eleven years before leaving that industry to participate directly with Goldrea Resources.

ABOUT ELECTRA STONE LTD., Electra Stone Ltd., is focused on mineral projects to grow the company with a current focus on the traditional market in Asia for Jade. Electra owns 100% in four placer titles located in British Columbia that have documented BC Minfile Jade occurrences. Jade inChineseculture is reflected in its status as a symbol of goodness, preciousness and beauty. Jadestone is the embodiment of the Confucian virtues of courage, wisdom, modesty, justice and compassion. Electra Stone also has acquired a 100% interest, subject to a 2% NSR, in the historic Connell Mountain copper project, located in New Brunswick, Canada, subject to TSX Regulatory Approval, a 100% interest in ground located in Quebec called DUMONT COBALT NORTHWEST, owns a 100% interest in ground in the area of Garibaldi Resources (TSX-GGi) E&L Nickel discovery, and has been re-issued the Permit 18352 in relation to the PEM100 Mining Lease.

This news release issued by:

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ElectraStoneLtd.

604.428.2900 Tel: 604.428.2900