Standard Metals Processing, Inc. Announces Purchase of Heavy Construction and Milling Equipment for Tonopah Property

TONOPAH, Nev., Aug. 26, 2014 /PRNewswire/ -- Standard Metals Processing, Inc. (OTC-QB: SMPR) (the "Company") and Tonopah Custom Processing, Inc. ("TCP") (a subsidiary of Tonopah Milling and Metals Group, Inc., a subsidiary of the Company) announced today the purchase of an extensive array of heavy-duty construction and milling equipment for use in the construction and operation of the Tonopah milling facility.

The recently acquired heavy equipment will allow the Company to move forward with construction of the processing plant and tailings ponds using our own equipment, saving the cost of expensive lease payments.

Sharon Ullman, CEO of the Company stated, "This equipment will continue to save us money in the future, as having it onsite makes future expansions easier and less costly."

The heavy equipment includes the necessary machinery for construction including dozers, loaders, water trucks and heavy transport tractors as well as equipment required for production including crushers, screening plants, and conveyors.

About Standard Metals Processing, Inc.

Standard Metals Processing, Inc. is being developed as the only comprehensive custom toll milling operation in Nevada that is designed to provide entrepreneurial – mid-mines with four different independent process circuits under one roof in order to produce the greatest yields available through the extraction of precious, strategic minerals from mined material.

Forward-Looking Statement

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements, as described in our reports filed with the Securities and Exchange Commission which are available for review at www.sec.gov, to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Standard Metals Processing, Inc.