SMPR Standard Metals Processing Inc (QB)

Standard Metals Processing, Inc. (a/k/a Cambrian Minerals Group, Inc.) (the “Company”) has been informed that a change of control of the Company has occurred effective March 29, 2019. Granite Peak Resources, LLC (“GPR”) through its members has acquired 69,464,434 shares of common stock (including 4,500,000 warrants to purchase common stock). The members transferred their shares of common stock of the Company in exchange for a pro-rata ownership interest in GPR. GPR has also acquired the senior secured creditor position previously held by Pure Path Capital Management Company LLC, which includes a $2,500,000 first deed of trust on the Tonopah property and an outstanding promissory note with a principal balance of $2,229,187 and accrued interest of $815,024 as of March 31, 2018. The members of Granite Peak Resources LLC are listed in the Schedule 13D filed by GPR on March 29, 2019. GPR has not communicated to the Company any plans to change any of the current officers or directors or governing documents and has expressed the purpose of its acquisition is to assist the Company execute on its business plan and resolve its current obligations and other claims.