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To: StocksDATsoar who wrote (46978)	5/16/2000 9:26:00 AM
From: Vision21	Read Replies (3) \| Respond to of 150070

Stansbury Holdings Corporation Announces That It Has Acquired The Los Banos, California, Exfoliation Plant May 16, 2000 09:02 AM Eastern Time DENVER, May 16 /PRNewswire/ -- Stansbury Holdings Corporation STBY announced today that its has acquired the Los Banos, California, vermiculite exfoliation plant. The Los Banos Exfoliation Plant, constructed in 1998, has the capacity for producing 5000 tons of exfoliated vermiculite per year. The exfoliated vermiculite product produced at the Los Banos Plant is purchased by the horticulture industry in the San Joaquin valley, and the entire output of the plant is dedicated to fulfilling that product demand. The average price for exfoliated vermiculite sold by the plant in the last twelve months is over $460.00 per ton. Current demand in the area exceeds the plant's capacity. Stansbury plans an expansion of that capacity, which could triple the plant output by mid-2001. Stansbury has been supplying the Los Banos facility with vermiculite concentrate from its Dillon, Montana, mine and mill. That mill has the capacity to produce over 30,000 tons per year of vermiculite concentrate, with an average price, internationally, FOB mine, of $160 per ton. As previously announced, the mill is operating 24 hours a day, seven days a week. Stansbury has previously announced plans to expand its production at Dillon during the year 2000-2001 period. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The matters covered by such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Stansbury Holdings Corporation to differ materially from those contemplated or implied by such forward-looking statements. Stansbury Holdings Corporation is a natural resource holding company, whose website is stansburyholdings.com . SOURCE Stansbury Holdings Corporation