Elysee Development Corp. announced that as a result of the company's strong financial performance during the first six months of fiscal 2017, the
board of directors has decided to declare a special dividend of one cent ($0.01) per share on the company's common shares. The dividend is to be paid in cash on July 31, 2017 to shareholders of record on July 21, 2017.

At the Annual General Meeting of the Company held in Vancouver on July 7, 2017 the shareholders elected Gaston J. Reymenants as a Director to replace Tom Ogryzlo, who elected not to stand for re-election in order to reduce his professional commitments in order to dedicate more time to personal interests.