Mr. Rodney Irwin reports

STANS ENERGY PREVAILS IN PRELIMINARY JURISDICTIONAL PHASE BEFORE UNCITRAL ARBITRATION AGAINST THE KYRGYZ REPUBLIC

A ruling has been handed down by the arbitral tribunal in the matter between Stans Energy Corp. and Kutisay Mining LLC (claimants) and the Kyrgyz Republic (the respondent).

The tribunal, in accordance with the United Nations Commission on International Trade Law rules of arbitration of 1976 (UNCITRAL rules), has unanimously rejected the respondent's preliminary jurisdictional objections and opened the way for adjudication of the merits. Any further arguments pertaining to jurisdiction will be considered together with the merits of the case.

The attorneys for parties will now confer with each other with a view to reaching agreement on a joint proposal for a procedural timetable up to, and including, a hearing on the merits (and any other remaining jurisdictional objections). Whether by agreement or order of the tribunal, the schedule should be set in February.

"We are pleased that the tribunal has confirmed its jurisdiction in our dispute with the republic. I would like to congratulate our attorneys at Freshfields Bruckhaus Deringer for the stellar work done to date. Stans remains committed to pursuing more than $210-million (U.S.) of compensation, including interest, and focusing on this next stage of the arbitration proceedings," stated Rodney Irwin, chief executive officer and president.

Debt settlement

Also, chief operating officer Boris Aryev has been issued 200,000 shares to settle partial debts owed from salary arrears dating from February, 2016, to May, 2016.

We seek Safe Harbor.