ELYSEE Declares Dividend of Two Cents Per Share

Vancouver, British Columbia--(Newsfile Corp. - December 6, 2016) - Elysee Development Corp. (TSXV: ELC) is pleased to announce that the company's recent strong financial performance enables it to return cash to its shareholders and, in this regard, the board of directors has declared a special dividend of two cents ($0.02) per share on the company's common shares.

The dividend is to be paid on December 22, 2016 to shareholders of record on December 16, 2016. This is an eligible dividend for income tax purposes.

About Elysee Development Corp.

Elysee Development Corp. (TSXV: ELC) is a diversified investment and venture capital firm with a focus on the natural resource sector.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Stuart Rogers
President & Chief Executive Officer
Elysee Development Corp.
Tel: (604) 689-1749

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the payment of a dividend. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.