Jade Leader Updates On DJ "Color-Change" Jade Project And Ongoing Work

Rhea-AI Summary

Jade Leader Corp (TSXV:JADE) has announced positive developments regarding its unique color-change jade from the DJ project in Washington State. In mid-October, the company harvested over 500 kilos of jade, including materials exhibiting the rare color-change phenomenon. They plan further cutting of these stones to enhance inventory for studies and marketing. The company's president reported successful presentations at the Canadian Gemmological Association, potentially increasing visibility in global markets. Additionally, 55 kilos of white/green jade are being prepared for sale. Stock options for 2,250,000 shares were granted to insiders.

Positive

• Harvested over 500 kilos of unique color-change jade, indicating strong project development.
• Successful presentation at Canadian Gemmological Association leading to increased visibility opportunities.
• Processing 55 kilos of white/green jade for marketing, enhancing sales potential.
• Stock options granted to directors, aligning interests with shareholders.

Negative

• None.

CALGARY, AB / ACCESSWIRE / November 15, 2022 / Jade Leader Corp. (TSXV:JADE) ("Jade Leader", or "the Company") is pleased to provide an update on its recent work focused on its unique "color-change" Jade from its 100% owned DJ project, Washington State, USA.

Field trenching and pilot scale sampling was conducted in mid-October and over 500 kilos of Jade were harvested, evenly divided between materials including Jade materials that exhibited characteristics associated with material displaying an unusual "color change" phenomenon (See Press Release NR 22-04, October 3, 2022) and the white/green Jade historically known from DJ.

Over the coming period, the Company will be cutting additional "color change" Jade stones from both archived samples and new material to increase its inventory of material for detailed study, as well as for marketing purposes.

"Working with the gemmological community to further investigate and properly define our new Jade's unique ability to shift both color and texture depending on viewing angle is likely to greatly enhance the stone's impact once marketing of cut material begins", stated Mr. Jean-Pierre Jutras, P.Geol., the President of Jade Leader. "A proper trade name remains to be determined for this material, one that will respect established gemmological terminology and also be representative of the visible effects across a larger range of cut, market ready stones".

The Company is pleased to report that its presentation on Jade by President, Mr. Jean-Pierre Jutras, was well received by the Canadian Gemmological Association (CGA) in Vancouver, October 21-23, resulting in opportunities to submit articles on Jade in gemmological trade publications. The Company will be following up on this new possibility to increase the visibility of its Jade products in the global gem markets.

Currently, an initial 55 kilos of the white/green jade materials are being processed and photographed for marketing and listing on Jade Leader's sales site at Jadeleader.shop.

New video materials of the latest field program activities have been uploaded to both our Instagram and Youtube channels (Youtube: Jade Leader Corp, Instagram: @jadeleader) to continue informing and engaging our growing community of jewelry industry professionals and Jade enthusiasts.

The Company has also granted pursuant to its stock option plan, a total of 2,250,000 incentive stock options to directors, officers, and consultants of the Company. A total of 2,100,000 options are exercisable at a price of $0.05 per share for five years and 150,000 options are exercisable at a price of $0.05 per share for four years.

About Jade and 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 Corp.

Jade Leader Corp, with a Board of Directors having over 120 years of combined experience as mineral exploration geologists with proven track records of discoveries, is led by JP. Jutras, B.Sc. Hons Geology, P.Geol 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 6 Jade exploration properties on which Nephrite Jade with various characteristics has now been identified in stable, mining-friendly jurisdictions in the USA.

On Behalf of the Board of Directors,

"Jean-Pierre Jutras"
Jean-Pierre Jutras, President/Director

For Further Information Contact:

info@jadeleader.ca
Instagram: @jadeleadercorp
Youtube Channel: Jade Leader Corp.
www.jadeleader.ca
Or Jean Pierre Jutras, President at 1.403.233.0464

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Jade Leader's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Jade Leader. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Jade Leader's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Jade Leader's filings with the Canadian securities authorities. Accordingly, holders of Jade Leader shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Jade Leader disclaims any responsibility to update these forward-looking statements.

SOURCE: Jade Leader Corp.

View source version on accesswire.com:
https://www.accesswire.com/725730/Jade-Leader-Updates-On-DJ-Color-Change-Jade-Project-And-Ongoing-Work

FAQ

What recent developments has Jade Leader Corp (MCKRF) announced about its jade project?

Jade Leader Corp announced the harvest of over 500 kilos of jade, including color-change varieties, and plans to enhance its inventory for marketing.

How is Jade Leader Corp (MCKRF) increasing its market visibility?

The company presented at the Canadian Gemmological Association, which may lead to articles in trade publications, boosting market presence.

What stock options has Jade Leader Corp (MCKRF) granted?

Jade Leader Corp granted 2,250,000 incentive stock options to directors, officers, and consultants, exercisable at $0.05 per share.