Mr. Rodney Irwin reports

STANS ENERGY ANNOUNCES MANAGEMENT CEASE TRADE ORDER

Stans Energy Corp. has made an application to the Ontario Securities Commission to approve a temporary management cease trade order under National Policy 12-203 (cease trade orders for continuous disclosure defaults), which, if granted, will prohibit trading in securities of the corporation by certain insiders of the corporation, whether direct or indirect.

The company is unable to file its 2013 unaudited interim financial statements for the quarter ended Sept. 30, 2013, management's discussion and analysis relating to the unaudited interim financial statements, and chief executive officer and chief financial officer certificates relating to the unaudited interim financial statements, as required by National Instrument 52-109 (certification of disclosure in issuers' annual and interim filings) by the Nov. 29, 2013, filing deadline.

The reason for the delay is that the company is considering impairment charges against its assets and needs more time to determine the appropriate impairment for inclusion in the financial reporting.

International financial reporting standard 6 (exploration for and evaluation of mineral resources) requires entities recognizing exploration and evaluation assets to perform an impairment test on those assets when facts and circumstances suggest that the carrying amount of the assets may exceed their recoverable amount. Entities shall measure the impairment in accordance with IAS 36 (impairment of assets) once it is identified.

On Oct. 31, 2013, Stans announced that it had filed an international arbitration action against the government of Kyrgyzstan for its expropriatory and unlawful treatment of the issuer in relation to the issuer's Kutessay II rare earth project. Stans has complained that state action and inaction have unduly delayed, prohibited and prevented it from completing necessary prefeasibility, feasibility and other development work at Kutessay II and generally has resulted in the issuer being deprived of the value of its asset. This arbitration does not strictly relate to state action or inaction with respect to the issuer's other properties, but there are dependencies, which need review and analysis. The company also observes that its stock market capitalization has fallen below the carrying amount of its assets.

Consideration of impairment necessarily follows. The necessary work to determine the scope and amount of impairment is under way but is not complete.

The company anticipates that it will be in a position to remedy the default by filing the required filings by Jan. 28, 2014. The MCTO will be in effect until the required filings are filed.

The company confirms that it intends to satisfy the provisions of the alternative information guidelines set out in Section 4.3 and 4.5 of NP 12-203 so long as it remains in default of filing the required filings.

There are no insolvency proceedings to which the company is subject.

There is no material information concerning the affairs of the company which has not been generally disclosed.

We seek Safe Harbor.