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Jade Leader Reveals Color Change Phenomenon Jades from its DJ Project,

Corporate Updates

Suite 815, 808 – 4th Ave, S.W. Calgary, AB, T2P 3E8 Canada | TEL 403 233 0464 | WEB www.jadeleader.ca

NEWS RELEASE: 22-04 OCTOBER 3, 2022

Jade Leader Reveals Color Change Phenomenon Jades from its DJ Project,

Washington State, USA

Calgary, Alberta – Jade Leader Corp. (TSX.V: JADE) (“Jade Leader”, or “the Company”) is pleased

to reveal a new type of nephrite Jade to the gem and collector world markets. This Jade has a unique

color change phenomenon whereby depending on the specimen, the color 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 color change, chatoyancy or asterism as

“phenomenon stones”, which can be highly prized by collectors and specialty jewellers.

“To our knowledge Jade showing this color 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 Mr. Jean-Pierre Jutras, P.Geol., 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. Jean-Pierre Jutras, P.Geol., the President of Jade Leader.

Figures 1 to 7 below show a series of cut stones from Jade Leader’s 100% owned DJ project which

display color and texture variations on this color change phenomenon. While still photographs can

illustrate how colors are seen from static viewing angles under daylight LED studio conditions,

movement is needed to reveal the dramatic shimmering dramatic color transitions. Readers are invited

to watch a special video of the stone’s full visual effects presented in our latest Youtube Channel

video “Change in the Jade World” here .

Figure 1: Composite picture of cabochon cut stone (JLCC5), showing the color change as the stone is rotated

relative to a fixed light source. Stone is 36.5 mm by 35 mm in diameter and weighs 17.6 grams/87.9 carats.

Figure 2: Composite picture of cut stone(JLCC4). Stone is 36.6 mm by 36.1 mm in diameter and weighs 33

grams/165 carats.

Figure 3: Composite picture of cut ring stone (JLCC7). Stone is 11.6 mm by 12.5 mm in diameter and weighs 0.94

grams/4.7 carats. While chatoyant or “cat’s eye” Jades (both nephrite and jadeite) have been documented before

from various locations, chatoyancy refers to a band of light caused by reflection along inclusions or parallel

underlying fibers within the stone. It is not associated with an actual change of perceived color for the body of

the stone itself.

Figure 4: Composite picture of cut ring stone(JLCC8). Stone is a round 8.8 mm and weighs 0.54 grams/2.7 carats

with a high vitreous luster and sharp transition from white to green.

Figure 5: Composite picture of cut stone (JLCC10). Stone is a 17.1 mm by 7.4 mm marquise cut cabochon and

weighs 0.7 grams/3.6 carats. High vitreous luster, high translucency in bands, and sharp color changes from dark

to light greens and light blues.

Figure 6: Composite picture of cut stone (JLCC9). Stone is a 23.5 mm by 7.8 mm drop cut cabochon and weighs

2.13 grams/10.6 carats.

Figure 7: Composite picture of cut stones JLCC4 and 9 as also seen in motion exhibiting the change in color in our

video “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 color 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 fiber 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

color. The Company believes that the color, and the color 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 color change effects in any given

stone.

About the Color Change Occurrence

This Color Change 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 some 50 meters and has been followed by drilling to depths of up to approximately 30 meters (NR

19-01, 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 we understand these new Jades and have 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 underway 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, jewelry manufacturers

and industry professionals by routinely updating product information on social media, including

posters and videos relating to its current Jade products and inventory. Such postings can be found

both on the Company’s Youtube Channel under Jade Leader Corp, and on Instagram

@jadeleadercorp.

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 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 and has approved the technical disclosure contained in this news release.

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:

[email protected]

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.