MetalNRG announces that the State Reserve Committee of Kyrgyzstan has granted the application for a mining license dated 22 January 2019 for 3,371.1 tonnes U reserves (8.731 million lbs U308) which has an in-situ value of approximately USD 253.1 million at current uranium spot prices. Uranium Project Highlights: The Uranium Project is in the Kamushanov community, Sokuluksky District, Chuy Province, 48km from Bishkek the capital city of the Kyrgyz Republic; The Uranium Project held an exploration license 2276 MP, which covers an area of 4,078 hectares (40.78 km2) which will now be converted into the Mining License granted; Additionally, the Uranium Project offers a potential exploration upside of an additional 2.58Mlb of uranium from a partially explored zone (to be brought into Compliant Resource) plus as yet untested prospective ground; The Uranium Project is intended to be developed on an In-Situ Recovery basis providing for lower initial capital outlay and operating cost of production. The pilot using this technique was completed and reported on in the Competent Persons Report carried out during the Company's due diligence of the Uranium Project. Infrastructure around the Uranium Project includes 12-month road access, together with electricity and water supplies; There are 3 uranium refineries within 550km of the Uranium Project, the closest being at Kara Balta, 60km away, demonstrating that the region is familiar with development of uranium production opportunities; The Uranium Project is currently owned 94.7%% by International Mining Company Invest Inc. incorporated and registered under the laws of Nevada whose registered office is at 111 La Costa Court, Holmdel, NJ 07733, USA. The remaining interest in the Uranium Project is held by MetalNRG through its 5.3% stake in IMC; The Option provides for the formation of a new holding company into which the project vendor will transfer the Uranium Project (including the Mining License) in full and MetalNRG will inject the agreed acquisition funds, ensuring that any acquisition consideration is spent on project development rather than vendor compensation; and To date, MetalNRG has supported IMC financially in relation to the Mining License application process. Once Newco is set up and funded, MetalNRG will own at least 51% of Newco (and, indirectly, the Uranium Project). MetalNRG intends to pay a further USD 45,000 in the coming weeks. To attain 51% the Company will fund a further USD 813,500.