Jade Leader Announces Results of Annual & Special Meeting and Provides Product Update

CALGARY, AB / ACCESSWIRE / February 24, 2022 / Jade Leader Corp. (TSXV:JADE) ("Jade Leader", or "the Company") is pleased to report that at its Annual & Special Meeting, held on February 24, 2022, Jean-Pierre Jutras, Dr. Shane Ebert, Cornell McDowell and Dr. Peter Megaw were re-elected to the Board of Directors. Shareholders also approved fixing the number of directors at four and the appointment of BDO Canada LLP as Auditors, and ratified the Corporation's stock option plan.

Corporate Update

To date, 56 kilos of the 183 kilos of gem grade Sky Jades^© recovered by Jade Leader during the September-October 2021 sampling program at its Sky Zone has been prepared for sale.

Our latest testing work has focused on test cutting matched and graduated cabochon or faceted type single stones suitable for use in fine jewelry with excellent results due to the Sky Jade^© cryptocrystalline grain and color uniformity (figure 1 and 2).

Foto: Accesswire

Figure 1: Store banner and suite of rough, ring, earring and cabochon cut stones.

This initial suite of Sky Jades^© include 116 individual pieces which will be offered for sale through our online store for an aggregate amount of CDN$169,073. Pricing for individual pieces has been established within the parameters of value already received in pre-marketing existing sales. Store opening logistics are being finalized and the Company currently expects to launch its live e-commerce platform in the coming week. The launch will be accompanied with a video advertising campaign showcasing items offered for sale (figure 2) and supported by focused search algorithms across various online communities.

Foto: Accesswire

Figure 2: Ready to launch video thumbnail of Sky Jade rough and finished product examples.

Additional materials from current testing programs are being processed for addition to the sales site on an ongoing basis.

Qualified Person

Mr. Jean-Pierre Jutras, P.Geol., President of the Company, is the Company's Qualified Person as defined by National Instrument 43-101. Mr. Jutras maintained full chain of custody of all sample materials which are the subject of this update throughout the extraction and testing process and has approved the technical disclosure contained in this news release.