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Stina Resources Ltd
Symbol SQA
Shares Issued 83,683,205
Close 2018-03-20 C$ 0.45
Market Cap C$ 37,657,442
Recent Sedar Documents

ORIGINAL: Stina Resources appoints Schauss as president, director

2018-03-20 09:08 ET - News Release

Received by email:

File: SQA-NR-03202018.docx

STINA RESOURCES LTD.
Ste 10 - 8331 River Road
Richmond, BC V6X 1Y1
CSE: SQA  12g3-2(b): 82-2062 OTCQB: STNUF  Frankfurt: 01X www.stinaresources.com 1-800-882-3213
Shares Issued:  83,683,205 
Press Release

Stina Announces Appointment of New Director and President and CEO of Gildemeister Successor 
 
March 20, 2018 - Stina Resources Ltd. ("Stina" or the "Company") (CSE: SQA) (OTCQB: STNUF) (Frankfurt: 01X) is pleased
---> to announce the appointment of Mr. Stefan Schauss as President and CEO of ENEROX GmbH, a wholly-owned subsidiary of S
--->tina. The newly formed Austrian company that will assume the assets of Gildemeister Energy Storage GmbH ("Gildemeister
--->") once the Stina asset purchase is concluded. Mr. Schauss will formally undertake his new duties on April 15, 2018. M
--->r. Schauss will also become a director and President of Stina.
 
Mr. Schauss has over 20 years of sales and business development experience worldwide with a focus in recent years on u
--->tility scale energy storage. He has extensive experience in marketing and sales of vanadium redox flow batteries ("VRB
--->s"), the leading battery for large scale stationary energy storage. Stefan has worked extensively in both Europe and N
--->orth America. He has a MSc. Physics from University Mainz, Germany with a concentration in computer science and electr
--->onics.

"Mr. Schauss's association with Gildemeister Energy Storage since 2008, including his position as head of technical sa
--->les, makes him the ideal person to continue to develop the global sales channels for Gildemeister's proven VRBs for th
--->e grid, micro grid, diesel replacement and other green energy storage markets for wind and solar"" states Brian Stecyk
--->, President and CEO of Stina.

"I see the energy storage market becoming increasingly mainstream within the next few years. More and more the attribu
--->tes of viability, durability and adaptability of vanadium redox flow batteries are becoming well known. The research p
--->hase is over and the great experience of the Gildemeister team positions ENEROX to continue being the leader in the de
--->ployment of flow batteries. On my travels throughout the world I constantly heard about expanding and emerging interes
--->t in flow batteries. We are truly on the threshold of an amazing energy storage revolution," says Stefan Schauss, inco
--->ming president and CEO of ENEROX.

The grid connected storage market is expected to grow 44% annually with the market size reaching US $18 billion by 202
--->4 (Navigant Research).  Stina, with its recent acquisition of the assets of Gildemeister Energy Storage GmbH ("Gildeme
--->ister") and Jet Power and Controls Ltd. ("Jet Power"), is ideally positioned to capitalize on the demand for VRBs worl
--->dwide to help meet the World's rapidly growing energy storage needs.

Gildemeister has been a world leader in the development of VRBs. After 20 years of extensive research and development,
---> Gildemeister developed the patented CellCube battery, the most commonly installed VRB in the World.  There are curren
--->tly over 100 CellCube batteries in use globally. CellCube VRBs are used for a variety of purposes including grid stora
--->ge; micro-grids; off-grid storage for solar and wind power; diesel power replacement; back-up power systems; farming a
--->pplications; electrical vehicle charging stations; industrial plants and office building applications; and emergency p
--->ower sources. 

Recently Stina announced that it acquired Jet Power, a North American leading-edge provider of custom and off-the-shel
--->f electrical equipment and systems for heavy power users, pipeline companies, refineries, manufacturers, municipalitie
--->s and infrastructure providers and equipment. Its key products include electrical switchgear, motor control switchers,
---> and solar power inverters. With the acquisition of Jet Power, Stina will be able to accelerate its sales of CellCube 
--->batteries worldwide and offer complementary products and services.

For further information, please contact: 
Brian Stecyk, President & CEO
Stina Resources Ltd.
Telephone: 1-800-882-3213 Email: info@stinaresources.com www.stinaresources.com

This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation.
---> Forward-looking statements are statements that are not historical facts which address events, results, outcomes or de
--->velopments that the Company expects to occur; they are generally, but not always, identified by the words "expects", "
--->plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "pros
--->pective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occ
--->ur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the dat
--->e the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding
---> such forward-looking statements are discussed in this news release and the Company's annual and quarterly management'
--->s discussion and analysis filed at www.sedar.com. Except as required by the securities disclosure laws and regulations
---> applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if managem
--->ent's beliefs, estimates or opinions, or other factors, should change. 
 Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts res
--->ponsibility for the adequacy or accuracy of this release.




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