SANTO MINING CORP. (SANP) Provides Corporate Update

Beijing, PRC -- August 24th, 2016 -- InvestorsHub NewsWire -- Santo Mining Corp., also known as Cathay Lifestyle Co., (USOTC:SANP), (the "Company"), is pleased to provide shareholders with an update on current activities within the Company.

FISICAL YEAREND 2015
The Company’s Fiscal Yearend close was July 31th, 2016. The Company has meet its financial goals set for its first year of operations, and is in the process of closing the Fiscal Yearend 2015 with its accounting firm.

CORPORATE ACTION
FINRA has approved the company's re-domicile from State of Nevada to the State of Florida. The company is working with its SEC attorneys to finish the corporate restructuring; which will include and not limited to; 10K’s, 10Q’s, 8K amendments, a name change, symbol change and CUSIP change in the months to come.

CUBANACAN CIGARS
The Company has completed its due diligence as prescribed under the binding Letter of Intent ("LOI") that it signed with Cubanacan Cigars S.A. The Company and Cubanacan are in the process of finalizing the definitive agreement that is to supersede the LOI (the "Definitive Agreement").

CATHAY CIGARS & TOBACCO
The tobacco division has moved forward is a positive way. The company is currently in high level talks with a group of Latin American countries that have Diplomatic ties with China and with the Chinese Governmental division of tobacco, China National Tobacco Monopoly. These negotiations are geared to balance the trade deficit between China and Latin America in the exportation of high grade tobacco for handmade cigars into China.

The company is restructuring its current B2C online cigar platform from Hong Kong to Ulaanbaatar Mongolia. These changes will reduce logistic costs for our client and speed up the delivery process.

The company is also developing strategic alliances with high-end luxury brands to develop cigar educational events. The company is targeting groups like Bentley, Mercedes Benz, Lane Crawford and high end spirts distributors for these events.

CATHAY SPIRTS
The company has finished its market study of the Rum industry in China and has found an emerging niche market, for this spirit. Our goal is to develop an exclusive high end sipping Rum catalog for the Chinese market. We will also create an online platform for the sales of these Rums in China directly to consumers. We are evaluating online platforms like Tabao, 360, Jingong, Amazon China and specialty wine and spirits B2C e-stores.

The company is currently in the last phase of negotiatins; to launch a celebrity sprit in China.

CATHAY ENTERTAIMENT
The company has been in talks with different entertainment groups from sports associations, to family entertainment centers, virtual reality events, music and fashion lifestyle.

Mr. Yglesias, CEO of Cathay, stated, "We are a lifestyle company, that brings high-end specialty lifestyle brands to Asia. In the months to come we will see many exciting corporate developments including increase in revenue streams and added value to our shareholders." Additionally Mr. Arnett CMO stated “As the founder of Street Hustle Promotions in Beijing, I have scouted and developed the top entertainment events over the past 8 years like; Usher, Ziggy Marley, Pitbull, Bruno Mars to name a few and have worked hand in hand with organizations like Live Nations. The 2^nd quarter 2016, I will be focusing on Sports and Fashion Events to bring value to our Entertainment division of the company”.

About SANP: (www.cathay.asia) Cathay Lifestyle Co., we are a lifestyle brand integration, marketing, design, development, education and consultant for high value sales channel of luxury lifestyle products in the leisure and entertainment sector. We have a diverse portfolio of licensed brands as well as a wide range of product categories. Our partners include, membership clubs, golf clubs, financial services groups, nightclubs, restaurants, lounges, sports bars, KTV’s, Duty Free Stores, e-commerce channels and direct to consumers B2C across Asia. Our services embody the interests, attitudes, and opinions of an elite group of consumers that embrace a particular culture. Our Lifestyle brands seek to inspire, guide, and motivate people, with the goal of our products contributing to the definition of the consumer's way of life. We operate off the ideology that we must attract and connect people and brands to ultimately spur, set and create new social phenomenon’s.

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.

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

Website: http://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