| (X ) | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITES EXCHANGE ACT OF 1934 |
|------|----------------------------------------------------------------------------------------|

|   |                                                                                                                                                                                                                                                                                                                                                                                |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | For the quarterly period ended                                                      February 28, 2011 |

| ( ) | TRANSACTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----|-------------------------------------------------------------------------------------------|

|   |                                                                                                                                                                                                                                                                                                                                                                                                                               |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | For the transaction period from                                                                 to |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | Commission File number                                                      0-24707                                                             |

| STANDARD CAPITAL CORPORATION                    |
|-------------------------------------------------|
| (Exact name of Company as specified in charter) |

| Delaware                                                       | 91-1949078                 |
|----------------------------------------------------------------|----------------------------|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employee I.D. No.) |

|               557 M. Almeda Street |       |
|-----------------------------------------------------------------------------------------------------|------------|
|           Metro Manila, Philippines               |       |
|        (Address of principal executive offices)                  | (Zip Code) |

|        Issuer’s telephone number  011-632 724-5517  |   |
|-------------------------------------------------------------------------------------------------------------|--------|

| Not Applicable                                                                     |
|------------------------------------------------------------------------------------|
| (Former name, former address and formal fiscal year, if changed since last report) |

----

|                                                                                                |                                                                                                                                                                 | Page Number   |
|-----------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|
|                                                                                                |                                                                                                                                                                 |          |
| PART 1.                                                                                             | FINANCIAL INFORMATION                                                                                                                                                |          |
|                                                                                                |                                                                                                                                                                 |          |
| ITEM 1.                                                                                             | Financial Statements (unaudited)                                                                                                                                     | 3             |
|                                                                                                |                                                                                                                                                                 |          |
|                                                                                                | Balance Sheets as at February 28, 2011 and August 31, 2010                                                                                                           | 4             |
|                                                                                                |                                                                                                                                                                 |          |
|                                                                                                | Statement of OperationsFor the three and six months ended February 28, 2011 and 2010 and for the period September 24, 1998 (Date of Inception) to February 28, 2011  |   5 |
|                                                                                                |                                                                                                                                                                 |          |
|                                                                                                | Statement of Cash FlowsFor the six months ended February 28, 2011 and 2010 and for the period September 24, 1998 (Date of  Inception) to February 28, 2011 |   6 |
|                                                                                                |                                                                                                                                                                 |          |
|                                                                                                | Notes to the Financial Statements.                                                                                                                                   | 7             |
|                                                                                                |                                                                                                                                                                 |          |
| ITEM 2.                                                                                             | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                          | 11            |
|                                                                                                |                                                                                                                                                                 |          |
|                 ITEM 3.  | Quantitative and Qualitative Disclosure about Market Risk                                                                                                            | 12            |
|                                                                                                |                                                                                                                                                                 |          |
|         ITEM 4.                                                  | Controls and Procedures                                                                                                                                              | 13            |
|                                                                                                |                                                                                                                                                                 |          |
|                 ITEM 4T. | Controls and Procedures                                                                                                                                              | 13            |
|                                                                                                |                                                                                                                                                                 |          |
| PART 11.                                                                                            | OTHER INFORMATION                                                                                                                                                    | 14            |
|                                                                                                |                                                                                                                                                                 |          |
| ITEM 1.                                                                                             | Legal Proceedings                                                                                                                                                    | 14            |
|                                                                                                |                                                                                                                                                                 |          |
|                 ITEM 1A. | Risk Factors                                                                                                                                                         | 14            |
|                                                                                                |                                                                                                                                                                 |          |
| ITEM 2.                                                                                             | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                          | 16            |
|                                                                                                |                                                                                                                                                                 |          |
| ITEM 3.                                                                                             | Defaults Upon Senior Securities                                                                                                                                      | 16            |
|                                                                                                |                                                                                                                                                                 |          |
| ITEM 4.                                                                                             | Submission of Matters to a Vote of Security Holders                                                                                                                  | 16            |
|                                                                                                |                                                                                                                                                                 |          |
| ITEM 5.                                                                                             | Other Information                                                                                                                                                    | 16            |
|                                                                                                |                                                                                                                                                                 |          |
| ITEM 6.                                                                                             | Exhibits                                                                                                                                                             | 16            |
|                                                                                                |                                                                                                                                                                 |          |
|                                                                                                | SIGNATURES.                                                                                                                                                          | 17            |
|                                                                                                |                                                                                                                                                                 |          |

----

----

|                                                                                                                                                                                                  | February 28, 2011                                                  | August 31, 2010                                            |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------|------------------------------------------------------------|
|                                                                                                                                                                                                  | (Unaudited)                                                        |                                                       |
| ASSETS                                                                                                                                                                                                |                                                               |                                                       |
|                                                                                                                                                                                                  |                                                               |                                                       |
| CURRENT ASSETS                                                                                                                                                                                        |                                                               |                                                       |
|                                                                                                                                                                                                  |                                                               |                                                       |
|     Cash                                                                                                                                                                          | $          2,028 | $         485 |
|                                                                                                                                                                                                  |                                                               |                                                       |
|        Total Current Assets                                                                                                                                        | $          2,028 | $         485 |
|                                                                                                                                                                                                  |                                                               |                                                       |
|                                                                                                                                                                                                  |                                                               |                                                       |
| LIABILITIES AND STOCKHOLDERS’ DEFICIENCY                                                                                                                                                        |                                                               |                                                       |
|                                                                                                                                                                                                  |                                                               |                                                       |
| CURRENT LIABILITIES                                                                                                                                                                                   |                                                               |                                                       |
|                                                                                                                                                                                                  |                                                               |                                                       |
|     Accounts payable                                                                                                                                                              | $        52,973            | $     97,723                      |
|     Advances from related parties                                                                                                                                                 |  70,782                                                       |    17,049                                   |
|                                                                                                                                                                                                  |                                                               |                                                       |
|       Total Current Liabilities                                                                                                                                         | 123,755                                                            |  114,772                                              |
|                                                                                                                                                                                                  |                                                               |                                                       |
| STOCKHOLDERS’ DEFICIENCY                                                                                                                                                                        |                                                               |                                                       |
|                                                                                                                                                                                                  |                                                               |                                                       |
|     Common Stock                                                                                                                                                                  |                                                               |                                                       |
|          200,000,000 shares authorized, at $0.001 par value         2,285,000 shares issued and outstanding |  2,285                                                        |  2,285                                                |
|     Capital in excess of par value                                                                                                                                                | 100,665                                                            | 100,665                                                    |
|     Deficit accumulated during the Pre-Exploration stage                                                                                                                          | (224,677)                                                          | (217,237)                                                  |
|                 Total Stockholders’ Deficiency                                                                  | (121,727)                                                          | (114,287)                                                  |
|                                                                                                                                                                                                  |                                                               |                                                       |
| Total Liabilities and Stockholders’ Deficiency                                                                                                                                                  | $          2,028 | $         485      |
|                                                                                                                                                                                                  |                                                               |                                                       |

----

|                                            | Three monthsended Feb. 28, 2011                                            | Three monthsendedFeb. 28, 2010                                                   | Six monthsended Feb. 28, 2011                                                    | Six monthsendedFeb.28, 2010                                                |  Date of Inception toFeb. 28,  2011                          |
|-------------------------------------------------|----------------------------------------------------------------------------|----------------------------------------------------------------------------------|----------------------------------------------------------------------------------|----------------------------------------------------------------------------|-----------------------------------------------------------------------------|
|                                            |                                                                       |                                                                             |                                                                             |                                                                       |                                                                        |
| SALES                                           | $            - | $             - | $             - | $            - | $             - |
|                                            |                                                                       |                                                                             |                                                                             |                                                                       |                                                                        |
| GENERAL AND ADMINISTRATIVE  EXPENSES: |                                                                       |                                                                             |                                                                             |                                                                       |                                                                        |
|                                            |                                                                       |                                                                             |                                                                             |                                                                       |                                                                        |
| Accounting and audit                            | 1,600                                                                      | 1,750                                                                            | 6,100                                                                            | 3,500                                                                      | 84,180                                                                      |
| Annual general meeting                          | -                                                                          | -                                                                                | -                                                                                | -                                                                          | 2,250                                                                       |
| Bank charges and interest                       | 34                                                                         | 21                                                                               | 58                                                                               | 66                                                                         | 2,246                                                                       |
| Consulting fees                                 | -                                                                          | -                                                                                | -                                                                                | -                                                                          | 17,500                                                                      |
| Edgar filing fees                               | 300                                                                        | 250                                                                              | 750                                                                              | 500                                                                        | 12,529                                                                      |
| Exploration                                     | -                                                                          | -                                                                                | -                                                                                | -                                                                          | 12,617                                                                      |
| Filing fees                                     | 243                                                                        | -                                                                                | 243                                                                              | -                                                                          | 2,138                                                                       |
| Geological report                               | -                                                                          | -                                                                                | -                                                                                | -                                                                          | 2,780                                                                       |
| Impairment loss on mineral claim           | -                                                                          | -                                                                                | -                                                                                | -                                                                          | 5,000                                                                       |
| Incorporation costs                             | -                                                                          | -                                                                                | -                                                                                | -                                                                          | 255                                                                         |
| Legal fees                                      | -                                                                          | -                                                                                | -                                                                                | -                                                                          | 6,987                                                                       |
| Management fees                                 | -                                                                          | 600                                                                              | -                                                                                | 1,200                                                                      | 28,800                                                                      |
| Miscellaneous                                   | -                                                                          | -                                                                                | -                                                                                | -                                                                          | 1,600                                                                       |
| Office expenses                                 | 127                                                                        | 39                                                                               | 239                                                                              | 190                                                                        | 7,272                                                                       |
| Rent                                            | -                                                                          | 300                                                                              | -                                                                                | 600                                                                        | 14,400                                                                      |
| Telephone                                       | -                                                                          | 150                                                                              | -                                                                                | 300                                                                        | 7,200                                                                       |
| Transfer agent’s fees                     | -                                                                          | 100                                                                              | 50                                                                               | 150                                                                        | 11,900                                                                      |
| Travel and entertainment                        |         -                          |          -                          |        -                                      |         -                          | 5,023                                                                       |
|                                            |                                                                       |                                                                             |                                                                             |                                                                       |                                                                        |
| NET LOSS                                        | $  (2,304)                                                       | $ (3,210)                                                                        | $  (7,440)                                                             | $   (6,506)                                                 | $  (224,677)                                                      |
|                                            |                                                                       |                                                                             |                                                                             |                                                                       |                                                                        |
| NET LOSS PER COMMON SHARE                       |                                                                       |                                                                             |                                                                             |                                                                       |                                                                        |
| Basic and diluted                               | $    (0.00)                                            | $   (0.00)                                                             | $    (0.00)                                                  |      $     (0.00)             |                                                                        |
|                                            |                                                                       |                                                                             |                                                                             |                                                                       |                                                                        |
| WEIGHTED AVERAGE OUTSTANDING SHARES             |                                                                       |                                                                             |                                                                             |                                                                       |                                                                        |
| Basic and diluted                               | 2,285,000                                                                  | 2,285,000                                                                        | 2,285,000                                                                        |  2,285,000                                                            |                                                                        |

----

|                                                                                                             | For the six months endedFeb 28, 2011                                                                     | For the six months endedFeb. 28, 2010                                     | Sept 24, 1998to Feb. 28, 2011                                                                                       |
|------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------|
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                            |                                                                                                          |                                                                      |                                                                                                                |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
|      Net loss                                                                           | $   (7,440)                                                                                    | $   (6,506)                                                |   $   (224,677)                                                                            |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
|      Adjustments to reconcile net loss to net cash (used) in operating activities:      |                                                                                                          |                                                                      |                                                                                                                |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
|         Impairment loss on mineral claim                                 | -                                                                                                             | -                                                                         | 5,000                                                                                                               |
|         Change in accounts payable                                       | (44,750)                                                                                                      | 1,097                                                                     | 52,973                                                                                                              |
|         Capital contributions – expenses paid by Officers          |          -                                                       |     2,100                                             | 50,400                                                                                                              |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
|              Net Change in Cash from Activities | (52,190)                                                                                                      |  (3,309)                                                             |        (116,304)                                                                 |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
| CASH FLOWS FROM INVESTING ACTIVITIES                                                                        |                                                                                                          |                                                                      |                                                                                                                |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
|        Acquisition of mineral claim                                           |             -                                     |             - |   (5,000)                                                                                                 |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
| Net Cash (Used) in Investing Activities                                                                          |                   - |             - |   (5,000)                                                                                                 |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                       |                                                                                                          |                                                                      |                                                                                                                |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
| Advances from related parties                                                                                    | 53,733                                                                                                        |   593                                                           | 70,782                                                                                                              |
| Proceeds from issuance of common stock                                                                      |            -                                           |           -             | 52,550                                                                                                              |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
|     Cash flows from financing activities                                                     | 53,733                                                                                                        |         593                       | 123,332                                                                                                             |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
|      Net (Decrease) Increase in Cash                                                    | 1,543                                                                                                         | (2,716)                                                                   | 2,028                                                                                                               |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
|      Cash at Beginning of Period                                                        |     485                                                                                   |  3,441                                                               |                    - |
|                                                                                                             |                                                                                                          |                                                                      |                                                                                                                |
|      CASH AT END OF PERIOD                                                              | $     2,028                                                                          | $        725                      |     $        2,028                                      |

| SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING ACTIVITIES |                                                                       |    |                |
|---------------------------------------------------------|----------------------------------------------------------------------------|---------|---------------------|
|                                                    |                                                                       |    |                |
| Capital contributions – expenses paid by Officers | $            - | $ 2,100 | $  50,400 |

----

|   | The shareholders, at the Annual General Meeting held on February 20, 2004, approved an amendment to the Certificate of Incorporation whereby the authorized share capital of the Company would be increased from 25,000,000 common shares with a par value of $0.001 per share to 200,000,000 common shares with a par value of $0.001 per share. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Statement of Cash Flows |
|--------|-------------------------|

|   | For the purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Basic and Diluted Net Income (loss) Per Share |
|--------|-----------------------------------------------|

|   | Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding.   Diluted net income (loss) per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes antidilutive and then the basic and diluted per share amounts are the same. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Year Ending | Estimated NOL Carry-Forward | NOL Expires | Estimated Tax Benefit from NOL        | Valuation Allowance              | Net Tax Benefit                                         |
|-------------|-----------------------------|-------------|--------------------------------------------|----------------------------------|---------------------------------------------------------|
|        |                        |        |                                       |                             |                                                    |
| 1999        | $   12,976   | 2019        | $   3,892                   | $  (3,892)             | -                                                       |
|        |                        |        |                                       |                             |                                                    |
| 2000        | 12,392                      | 2020        | 3,717                                      | (3,717)                          | -                                                       |
|        |                        |        |                                       |                             |                                                    |
| 2001        | 13,015                      | 2021        | 3,905                                      | (3,905)                          | -                                                       |
|        |                        |        |                                       |                             |                                                    |
| 2002        | 13,502                      | 2022        | 4,050                                      | (4,050)                          | -                                                       |
|        |                        |        |                                       |                             |                                                    |
| 2003        | 16,219                      | 2023        | 4,866                                      | (4,866)                          | -                                                       |
|        |                        |        |                                       |                             |                                                    |
| 2004        | 24,180                      | 2024        | 7,254                                      | (7,254)                          | -                                                       |
|        |                        |        |                                       |                             |                                                    |
| 2005        | 13,105                      | 2025        | 3,932                                      | (3,932)                          | -                                                       |
|        |                        |        |                                       |                             |                                                    |
| 2006        | 36,987                      | 2026        |       11,096 |     (11,096) | -                                                       |
|        |                        |        |                                       |                             |                                                    |
| 2007        |  26,295                | 2027        | 7,889                                      | (7,889)                          | -                                                       |
|        |                        |        |                                       |                             |                                                    |
| 2008        |  21,803                | 2028        | 6,541                                      | (6,541)                          | -                                                       |
|        |                        |        |                                       |                             |                                                    |
| 2009        | 15,816                      | 2029        | 4,745                                      | (4,745)                          | -                                                       |
|        |                        |        |                                       |                             |                                                    |
| 2010        | 10,947                      | 2030        | 3,284                                      | (3,284)                          | -                                                       |
|        |                        |        |                                       |                             |                                                    |
| 2011        |    7,440     | 2031        |   2,232                          |  (2,232)                    |          - |
|        |                        |        |                                       |                             |                                                    |
|        | $ 224,677                   |        | $  67,403                        | $  (67,403)            | $         -     |

----

| 4. | STOCK OPTION PLAN |
|----|-------------------|

|   | At the Annual General Meeting held on February 20, 2004, the shareholders approved a Stock Option Plan (the “Plan”) whereby a maximum of 5,000,000 common shares were authorized but unissued to be granted to directors, officers, consultants and non-employees who assisted in the development of the Company. The value of the stock options to be granted under the Plan will be determined using the Black-Scholes valuation model. No stock options have been granted under this Plan. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 5. | CAPITAL STOCK |
|----|---------------|

|   | The Company has completed one Regulation D offering of 1,295,000 shares of its capital stock for $3,050.  In addition, the Company has completed an Offering Memorandum whereby 990,000 common shares were issued for at a price of $0.05 per share for $49,500. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | GOING CONCERN |
|----|---------------|

|   | The Company will need additional working capital to service its debt and for its intended purpose of acquiring another mineral claim, which raises substantial doubt about its ability to continue as a going concern. Management of the Company has developed a strategy, which it believes will accomplish this objective through additional advances from related parties, equity funding, and long term financing, which will enable the Company to operate for the coming year. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| ITEM 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK |
|---------|-----------------------------------------------------------|

| ● | our variations in our operations results, either quarterly or annually;                                           |
|---------|-------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                              |
| ● | trading patterns and share prices in other exploration companies which our shareholders consider similar to ours; |
|    |                                                                                                              |
| ● | the merits of a new mineral claim, and                                                                            |
|    |                                                                                                              |
| ● | other events which we have no control over.                                                                       |

----

| 1.   | Certain entity level controls establishing a “tone at the top” were considered material weaknesses. As of February 28, 2011, there is no policy on fraud. A whistleblower policy is not necessary given the small size of the organization. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Due to the significant number and magnitude of out-of-period adjustments identified during the year-end closing process, management has concluded that the controls over the year-end financial reporting process were not operating effectively. A material weakness in the year-end financial reporting process could result in us not being able to meet our regulatory filing deadlines and, if not remediated, has the potential to cause a material misstatement or to miss a filing deadline in the future. Management override of existing controls is possible given the small size of the organization and lack of personnel. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | There is no system in place to review and monitor internal control over financial reporting. We maintain an insufficient complement of personnel to carry out ongoing monitoring responsibilities and ensure effective internal control over financial reporting. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1.   | Because Standard’s auditors have issued a going concern opinion and because its officers and directors will not loan any money to it, Standard may not be able to achieve its objectives and may have to suspend or cease exploration activity. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | With the expiry of the Standard mineral claim, the Company has no assets to build a future thereon. |
|----------------|-----------------------------------------------------------------------------------------------------|

| 3.   | Standard lacks an operating history and has losses which it expects to continue into the future. As a result, Standard may have to suspend or cease exploration activity or cease operations. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | * | Its ability to locate a profitable mineral property |
|--------|---|-----------------------------------------------------|
|   | * | Its ability to locate an economic ore reserve       |
|   | * | Its ability to generate revenues                    |
|   | * | Its ability to reduce exploration costs.            |

----

| 4.   | Because Standard’s officers and directors do not have technical training or experience in managing a public company, it will have to hire qualified personnel to fulfill these functions. If Standard lacks funds to retain such personnel, or cannot locate qualified personnel, it may have to suspend or cease exploration activity or cease operations which will result in the loss of its shareholders’ investment. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Because Standard’s officers and directors have other outside business activities and may not be in a position to devote a majority of their time to Standard’s exploration activity, its exploration activity may be sporadic which may result in periodic interruptions or suspensions of exploration. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.  Standard anticipates the need to sell additional treasury shares in the future meaning that there will be a dilution to its existing shareholders resulting in their percentage ownership in Standard being reduced accordingly. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 7.  Because Standard’s securities are subject to penny stock rules, its shareholders may have difficulty reselling their shares. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1.1 | Certificate of Incorporation (incorporated by reference from Standard’s Registration Statement on Form 10-SB filed on December 6, 1999) |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2 | Articles of Incorporation (incorporated by reference from Standard’s Registration Statement on Form 10-SB filed on December 6, 1999) |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3 | By-laws (incorporated by reference from Standard’s Registration Statement on Form 10-SB filed on December 6, 1999) |
|-----|--------------------------------------------------------------------------------------------------------------------------|

----

----