Standard Metals Processing, Inc. Announces Corporate Name Change To Cambrian Minerals Group, Inc. To Reflect Broader Business Strategy

NEW YORK, Sept. 9, 2015

The name change reflects a re-branding initiative to better align the Company's name with its current and future strategy.

"The new name – Cambrian Minerals Group, Inc. – allows us to emphasize our new business objective of providing a full suite of strategic services to junior and mid-sized mining companies around the world," said Bobby Cooper, CEO of Cambrian Metals Group, Inc.

"As our new management team identified opportunities to take advantage of the current dislocation in the commodity markets and formulated our new strategy, it was clear that we needed a new name to better represent the scope of the Company's offerings.  The name change to Cambrian Minerals Group reflects the broader focus and strategic solutions we now provide to smaller mining operations, which include financing, processing and management expertise in consideration for long-term royalty, metals streams and material feedstock contracts," continued Cooper.

In alignment with the name change, the Company will shortly be announcing its new website, logo and ticker symbol.

About Standard Metals, Inc.
The Company intends to refocus its efforts into the acquisition and creation of royalty and streaming contracts with junior and mid-size mining companies in order to provide financing to develop or improve their mineral properties. Royalty and streaming arrangements are structures that have been successfully implemented by companies such as Royal Gold, Franco-Nevada, Silver Wheaton, and others. These structures enable mine owners to obtain alternative, less dilutive financing in exchange for an interest in the form of a 'royalty' or a 'metals stream' contract.  The Company believes the current dislocation in mining capital markets presents an ideal time to raise capital and provide an alternate form of financing for junior and mid level companies.

Additionally, Standard intends to continue to seek opportunities to construct toll-milling facilities, both domestically and abroad in selective areas. The Company believes that it can organically grow the Company faster by providing needed processing facilities in order to spur the development of mines. In conjunction with providing toll milling solutions, our strategy would be to create royalties and stream contracts with the companies operating the mines who utilize the toll milling arrangement, thus generating two separate and discrete revenue streams from a single mining property.