Stans Energy Corp. signed an MOU with JSC "Promnedra-Regions" (hereinafter Promnedra) the owner of the mining License for the development and extraction of gold at the Lobash-1 deposit which is valid until 10.30.2030. Stans is interested in acquiring the right to a license by acquiring 100% of the shares of Promnedra upon review of the extensive documentation provided by Promnedra. The indicated reserves of the deposit were approved by the State Committee for Reserves of the RF on February 17, 2010 in the amount of 34.48 tonnes of gold, 126,200 tons of copper, and 173.3 tons of silver at cut-off grade of 0.3 g/t of Au (Note: Russian Mineral Reserves Estimates Code is not compatible with NI 43- 101). The Parties agreed that the structure of the transaction for the acquisition of rights will be determined by the parties after a preliminary assessment of the economic efficiency of the project.