ELEMENT LIFESTYLE RETIREMENT ANNOUNCES PRIVATE PLACEMENT

VANCOUVER, BC, CANADA – JULY 15, 2016 – Element Lifestyle Retirement Inc. (“Element” or

the “Company”)(TSXV: ELM) is pleased to announce that, subject to TSX Venture Exchange

approval, it is proceeding with a non-brokered private placement of up to 2,730,000

common shares at $0.26 per share for gross proceeds of up to $709,800.

The shares issued under the private placement will be subject to a four-month hold period

from the date of closing.

Net proceeds from the private placement will be used for corporate development and

general working capital.

An officer of the Company may acquire shares under the private placement. Any such

participation would be considered to be a "related party transaction" as defined under

Multilateral Instrument 61-101 ("MI 61-101”). The transaction will be exempt from the

formal valuation and minority shareholder approval requirements of MI 61-101 as neither

the fair market value of any shares issued to or the consideration paid by such person will

exceed 25% of the Company's market capitalization.

About Element Lifestyle Retirement

Element was established in June 2013 in Vancouver, British Columbia. It is in the business of

providing specialized development expertise and flexible, innovative management services

for senior retirement communities. The core business of Element is the development and

management of third party assets in the senior retirement community space. Element

aspires to be one of the most respected senior living specialists in North America,

emphasizing the “Continuum-of- Care” model, which encompasses a smooth, seamless

transition for seniors from independence to assisted living to complex care. The

management team of Element has over 20 years of experience developing and operating

retirement communities.

ON BEHALF OF THE BOARD

ELEMENT LIFESTYLE RETIREMENT INC.

Michael Diao, Chief Executive Officer and Director

Telephone: (604) 676-1418

www.elementlifestyleretirement.com

 

Forward-looking Statement Caution

This news release contains “forward-looking information” within the meaning of applicable

securities laws relating to the proposed private placement, including statements regarding

completion of the private placement, stock exchange approval, the price of the common shares and

use of proceeds. Although the Company believes in light of the experience of its officers and

directors, current conditions and expected future developments and other factors that have been

considered appropriate that the expectations reflected in this forward-looking information are

reasonable, undue reliance should not be placed on them because the Company can give no

assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on

forward-looking information. Actual results and developments may differ materially from those

contemplated by these statements depending on, among other things, the risks associated with

Element’s business as disclosed in the Company’s most recently filed MD&A. The statements in this

news release are made as of the date of this release. The Company undertakes no obligation to

update or revise any forward-looking information, whether as a result of new information, future

events or otherwise, except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.