Santo Mining Provides a Operations and Corporate Update

HIALEAH, Fla. - Oct. 12, 2016 - PRLog -- Santo Mining Corporation also known as Cathay Lifestyle Co., (the "Company"), provides today a corporate and project update; in preparation for rapid growth and potential acquisitions.

OPERATIONS UPDATE
The company has signed a strategical logistical agreement with RTNT, LLC of Mongolia.  RTNT is a licensed tobacco import by the Mongolian Government, RTNT also runs and operates Habanos Wine and Cigar Lounge in the capital of Mongolia, Ulaanbaatar www.habanos.mn.  Under this agreement RTNT will import and warehouse cigars and tobacco products in Mongolia for the company.
RTNT Owner Mr. Nasankhuu Tumurdush stated "This strategic logistical trade agreement with Golden Tobacco Co., will once and for all consolidate the global cigar brands under one umbrella in Asia.  RTNT will warehouse the largest selection of cigar brands for the Asian market.  With the marketing support provided by Golden Tobacco, we estimate a market penetration of (0.1%) of the $6 Billion USD cigar Asian market."

The company has also signed an internet operations and distribution management agreement with Boundless Natural Mongolia, LLC.  Under this agreement BNM will run and operate the Asian e-commerce B2C cigar site.  Currently BNM and BT Solution, LLC the technology development company are 70% completed in the development and launch of Asia's largest e-commerce website of luxury cigars via its domains www.cigar.mn and www.cigars.mn.  Collectively the Asian cigar market is worth over $6 Billion dollars, the key consumers in this market are China, South Korea, Japan, Taiwan, Singapore, Hong Kong and Macau.
Owner of BNM Mrs. Odbayar Sambuu stated, "Our goal is a two prong approach; one to roll out the English version of e-commerce website in the next 30 days and immediately start working on a multi-language multi-currency e-commerce site, the languages will include Chinese, Korean, Japanese and international English, with the correspondent currencies RMB, KRW, JPY, TDW, USD and EUR.  The second is to provide the best customer service to our cigar clients throughout Asia."

CORPORATE UPDATE
The Board of Directors of SNAP are finalizing the registration of a General Form for Registration of Securities Pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934 known as a FORM10.  This corporate filling including the previous amended 10-K's and 10-Q's, are designed to once and for all clean up the companies' previous filling errors done by the company's former management and former board of directors.  The Form 10 filling includes important information on the plan to distribute shares of "Golden Tobacco Co., the surviving legal entity following the majority shareholders and board of directors' vote of approval for the merger with Cubanacan Cigars S. A. also known as Cubanacan, including an overview of the business, reportable segments and historical financial results for fiscal years 2014, 2015 and the first quarter 2016 ended Oct 31, 2016.  The filing will be updated with additional information in subsequent amendments in conjunction with the regular SEC review process. Post-distribution capitalization of Golden Tobacco Co., has not yet been finalized. Pro-forma financial information reflecting the company's final capital structure and capital allocation policies, among other matters, will be also included in subsequent amendments to the Form 10.

The company has moved its corporate offices to 13117 NW 107 AVE E-3 Hialeah Gardens, FL 33018 and has also changed its main corporate number to 1-888-80CIGAR.  The new corporate offices provide the warehousing requirements to store over 100,000 cigars for shipping to the Asian markets.

The Company's CEO, Franjose Yglesias, stated, "Our focus has been and will continue to be sales driven, this will be evident once our Form10 is filed.  We are refocusing back exclusively to cigars and tobacco, once we go live with our e-commencer site for Asia, we will focus on the boutique cigar market in America."

We hope our shareholders and the market keeps on eye on SANP because we have some new and exciting things coming near term and look to keep the market fully updated with these news events. Management believes transparency is first and foremost, therefore any shareholder who has any questions; may contact management at IR@CATHAY.ASIA, shareholders can also find information posted on social media sites indicated below on this press release on the contact section.

Make sure to visit and/or contact SANP online through its many media outlets:

Website: www.cathay.asia
Email: info@cathay.asia
Facebook: http://www.facebook.com/cathaycigars
Twitter: http://www.twitter.com/cathayinvestors
http://www.scoop.it/t/cigars-by-cathaycigars

FORWARD LOOKING STATEMENT This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.