Exhibit 99.1

Notice to Reader

The accompanying unaudited condensed interim consolidated financial statements of the Company have been prepared by and are the responsibility of management. The unaudited condensed interim consolidated financial statements have not been reviewed by the Company's auditors.

The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.

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The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.

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The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.

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The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.

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Included in accrued liabilities is a deposit of $44,000 received on the sale to American Innovative Minerals LLC ("AIMLLC"), noted under subsequent events (see note 19(a)), less legal fees of $7,468.

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⁽ⁱ⁾ The Company settled a claim filed in the District Court, Nye County, Nevada through the issuance of 100,000 shares of the Company and a monetary settlement of $35,000. The monetary settlement was paid in full prior to January 31, 2013.

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The following table reflects the stock options outstanding and exercisable as at July 31, 2013:

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⁽¹⁾ Salaries and benefits include director fees. The Board of Directors do not have employment or service contracts with the Company, except for Ken Strobbe, a former director, who had a contract with the Company providing mine consulting services at the Goldwedge Project totaling $nil for the three and six months ended July 31, 2013 (three and six months ended July 31, 2012 - $29,407 and $64,407, respectively), included under consulting, wages and salaries for the Goldwedge Project. The contract terminated on September 14, 2012. And, the current Interim President and Chief Executive Officer whose services while a director were $45,149 and $90,034 for the three and six months ended July 31, 2013 (three and six months ended July 31, 2012 - $nil and $nil, respectively), included above. Directors are entitled to director fees and stock options for their services. In addition, James B. Clancy received an honorarium of $10,000 for the three and six months ended July 31, 2012, included above, for providing consulting services in connection with the Kentucky Project.

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Exhibit 99.2

ROYAL STANDARD MINERALS INC.

MANAGEMENT’S DISCUSSION
AND ANALYSIS

THREE AND SIX MONTHS ENDED JULY 31, 2013

This Management Discussion and Analysis (“MD&A”) is dated September 23, 2013 and unless otherwise noted, should be read in conjunction with the Company’s unaudited condensed interim consolidated financial statements (“Financial Statements”) for the three and six months ended July 31, 2013 and the comparative three and six months ended July 31, 2012 and the notes thereto. The Financial Statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”). This MD&A was written to comply with the requirements of National Instrument 51-102-Continuous Disclosure Obligations. Unless otherwise noted, all amounts reported herein are in United States dollars. In the opinion of management, all adjustments (which consist only of normal recurring adjustments) considered necessary for a fair presentation have been included. The results presented for the three and six months ended July 31, 2013 are not necessarily indicative of the results that may be expected for any future period.

The Financial Statements include the Company’s wholly owned subsidiaries, Kentucky Standard Energy Company, Inc. and Manhattan Mining Co., both United States companies.

For the purposes of preparing this MD&A, management, in conjunction with the Board of Directors, considers the materiality of information. Information is considered material if (1) such information is a change or a fact that has or would reasonably be expected to have, a significant effect on the market price or value of the Company’s common shares; or (2) there is a substantial likelihood that a reasonable investor would consider it important in making an investment decision; or (3) if it would significantly alter the total mix of information available to investors. Management, in conjunction with the Board of Directors, evaluates materiality with reference to all relevant circumstances, including potential market sensitivity.

Additional information relating to the Company can be found on SEDAR at www.sedar.com.

The Company’s common shares are listed in the United States of America on the Over the Counter Bulletin Board “OTC:BB”, under the symbol RYSMF.

DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

This MD&A contains forward-looking statements, including in respect of the timing of project development. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian and US economies; the price of gold; operational, funding and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about the Company’s business are more fully discussed under “Risk Factors” contained elsewhere in this MD&A. The Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.

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HIGHLIGHTS

On August 27, 2013, the Company’s wholly-owned subsidiary, Kentucky Standard Energy Company, Inc. (“Kentucky”), entered into a settlement and release agreement with Pick & Shovel Mining (“Pick & Shovel”) and Roger and Jacqueline Stacy pursuant to which in consideration for a cash settlement payment of $8,000 and transfer of certain equipment by Kentucky to Pick & Shovel, the parties resolved to waive and release any claims relating to a prior claim between the parties (see below under “Contingencies” (b)). In addition, Kentucky relinquished its interest in a bond posted on Permit No. 919-0066 and Pick & Shovel agreed to be solely responsible for such Permit and all related claims and issues asserted by the Kentucky Energy and Environment Cabinet.

Subsequently, the Company submitted articles of dissolution for Kentucky to the Kentucky Secretary of State and Kentucky was dissolved on September 5, 2013.

On August 9, 2013, the Company and its wholly-owned subsidiary, Manhattan Mining Co. (“MMC”), completed the sale of its Fondaway Canyon and Dixie-Comstock Gold Properties (the “Assets”) to American Innovative Minerals LLC (“AIMLLC”). The Assets were sold on an “as is where is” basis for cash consideration of $144,000. In addition, as a condition to the closing of the transaction, Hale Capital Management, LP and Hale Capital Partners, LP (collectively, “Hale”), delivered to the Company a full and final release and settlement relating to the legal action commenced by Hale on September 27, 2011 (see below under “Contingencies” (c)). A stipulation of dismissal with prejudice was filed with the Supreme Court of the State of New York dismissing all claims against the Company and MMC in connection with that litigation.

Now that the Company has disposed of all of its property interests, it has no business operations (except to fund ongoing operations as a reporting issuer and to repay existing creditors) and is currently seeking new business opportunities. Success in identifying a suitable new business for the Company is uncertain. Unless the Company can identify a suitable business opportunity and/or obtain additional financing in the near term, there is significant doubt on the ability of the Company to continue as a going concern. Without a suitable business opportunity and/or additional financing, the Company will be required to consider the basis on which it will continue as an entity. The Company has no operating revenues and therefore it must utilize current cash and cash equivalents to satisfy outstanding liabilities.

OVERVIEW

The Company was a mineral exploration and mine development company engaged in locating, acquiring, exploring and developing gold and precious metal deposits in Nevada. As a result of the recent transactions (see above under ‘Highlights”), the Company no longer holds any mining properties, has no business operations (except to fund ongoing operations as a reporting issuer and to repay existing creditors) and is currently seeking new business opportunities.

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GOING CONCERN

The Company’s Financial Statements have been prepared on the basis of accounting principles applicable to a going concern, which assume that the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of operations as they come due. In assessing whether the going concern assumption is appropriate, management takes into account all available information about the future, which is at least, but is not limited to, twelve months from the end of the reporting period. Management is aware, in making its assessment, of material uncertainties related to events or conditions that cast significant doubt upon the entity's ability to continue as a going concern. The Company has incurred a net loss of $241,907 during the six months ended July 31, 2013 (six months ended July 31, 2012-$5,890,318) and has an accumulated deficit of $39,504,259 (January 31, 2013-$39,262,352). In addition, the Company has a working capital deficiency of $486,714 as at July 31, 2013 (January 31, 2013-$252,103).

Management continued its process of raising funds through the sale of its remaining property interests. The Company’s ability to continue to meet its obligations is uncertain and, as a result, there is significant doubt regarding the going concern assumption and, accordingly, the ultimate appropriateness of the use of accounting principles applicable to a going concern. With the disposal if its remaining property interests, as noted above under “Highlights”, the Company has no remaining property interests and no business operations (except to fund ongoing operations as a reporting issuer and to repay existing creditors) and is currently seeking new business opportunities. Success in identifying a suitable new business for the Company is uncertain. Furthermore, the Company has limited working capital to pursue such opportunities. Unless the Company can identify a suitable business opportunity and/or obtain additional financing in the near term, there is significant doubt on the ability of the Company to repay its outstanding liabilities. If the Company is unable to extinguish all of its outstanding liabilities, the going concern assumption will not be valid. The Financial Statements do not reflect the adjustments to the carrying values or classifications of assets and liabilities or to the reported expenses that would be necessary if the Company were unable to realize its assets and settle its liabilities as a going concern in the normal course of operations for the foreseeable future. These adjustments could be material.

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MINERAL PROPERTIES

Fondaway Canyon and Dixie-Comstock Projects

As noted above under “Highlights”, the Company disposed of these gold properties on August 9, 2013.

During the six months ended July 31, 2013, the Company’s exploration and evaluation expenditures on these projects were $79,989 (six months ended July 31, 2012-$35,000). For a detailed description of the exploration and evaluation expenditures by property, refer to note 7 in the Financial Statements.

Kentucky Project

As noted above under “Highlights”, the Company completed a settlement and release agreement on August 27, 2013, disposing of this project, including the release of any prior claims between the parties, the relinquishment of the posted bond in the amount of $178,700, the transfer of certain equipment and the transfer of all related claims and issues asserted by the Kentucky Energy and Environment Cabinet. The known claims totaled $145,000. These claims continue to be included in the Company’s accounts payable and accrued liabilities as at July 31, 2013. During the six months ended July 31, 2013, the Company’s exploration and evaluation expenditures on this Project were $23,660 (six months ended July 31, 2012-$9,118). For a detailed description of the exploration and evaluation expenditures by property, refer to note 7 in the Financial Statements.

Recording of Asset Retirement Obligations

Under the guidance of IAS 37, the Company has recorded asset retirement obligations (“AROs”) on the Fondaway Canyon and Dixie-Comstock Projects in the amount of $2,907 and on the Kentucky Project $109,949, representing the net present value of the estimated costs to restore each property to its original condition, assuming future payments of $188,250 being made over a ten year period from the date of initial assessment of the AROs and a discount rate of 10%.

As a result of the recent transactions noted above under ‘Highlights”, the ARO related to the Kentucky Project will no longer be the responsibility of the Company. In addition, the reclamation bond which was posted in the amount of $178,700 for this Project has been relinquished to the new owners. Both the ARO and the reclamation bond have been fully adjusted subsequent to July 31, 2013.

The reclamation bonds on the Company’s recently disposed of gold properties totaled $9,550. The Company is currently working with the Nevada Bureau of Land Management to collect one or both of these bonds. Once collected, the related AROs will be adjusted accordingly.

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ENVIRONMENTAL LIABILITIES

The Company’s projects in Nevada were subject to regulation and permitting by the Nevada Division of Environmental Protection (“NDEP”) and in Kentucky, by the Kentucky Division of Mine Reclamation and Enforcement and the Kentucky Division of Mine Permits, both divisions of the Kentucky Energy and Environment Cabinet. The Company is not aware of any other environmental liabilities or obligations associated with its past mining interests. Currently, all of the Companies property interests were disposed of in August 2013. The Company believes it conducted its operations in a manner that was consistent with governing environmental legislation.

OVERALL PERFORMANCE

The Company’s net loss for the six months ended July 31, 2013 was $241,907 ($0.00 loss per share) and for the six months ended July 31, 2012 $5,890,318 ($0.07 loss per share), a reduction in total expenses of $5,648,411. The reduction in total expenses relates to the reduced exploration activity as a result of the sale of the Goldwedge and Piñon property interests and related assets thereto on December 17, 2012 to Scorpio Gold Corporation (“Scorpio”), a reduction of $2,564,072 in total exploration and evaluation expenditures and a decrease in administrative expenses of $2,171,852, primarily as a result of lower corporate development costs, lower professional fees, including a reversal of legal fees previously accrued related to the dismissal of the Hale litigation and a lower charge to operations on the vesting of the stock options issued on January 20, 2012 along with the impact of the resignation of a director on January 2, 2013.

Also contributing to the overall reduction in expenses was the absence of finance costs of $1,001,108, due to the assumption of the previous Gold Stream Facility by Scorpio on December 17, 2012.

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FINANCIAL PERFORMANCE

REVIEW OF SECOND QUARTER FINANCIAL RESULTS

Revenue

No revenue has been earned during the three months ended July 31, 2013 or any previous periods on any of the Company’s properties.

Expenses

The Company’s net loss for the three months ended July 31, 2013 was $49,485 ($0.00 loss per share) compared to a net loss of $3,658,212 ($0.04 loss per share) for the three months ended July 31, 2012, a reduction of $3,608,727. The primary reasons for the significant reduction in the loss over the prior year’s three month period, was the result of both reduced exploration and evaluation expenditures on the Company’s remaining properties, a reduction in general and administrative expenses and the absence of finance fees, the result of the assumption of the previous Gold Stream Facility by Scorpio on December 17, 2012.

With the sale of the Goldwedge and Piñon property interests and related assets thereto to Scorpio, the Company incurred minimal exploration and evaluation expenditures on its remaining projects, including Fondaway Canyon, Dixie-Comstock and Kentucky, prior to their disposal in August 2013, as noted above under “Highlights”. The most significant expenditure on the remaining properties related to consulting, wages and salaries of $11,846 and property acquisition costs of $35,000 on the Fondaway Canyon and Dixie-Comstock Projects. The consulting wages and salaries consisted of services provided by the remaining employee in Nevada, the previous general manager at the Goldwedge Project, who assisted and met with parties interested in purchasing these properties. He was terminated on June 21, 2013 . And, the most significant expenditure on the Kentucky Project was office and general which included various expenses including professional fees in connection with legal advice on the Kentucky property. The remaining exploration and evaluation expenditures on the properties were less significant and included travel, office and general and depreciation.

General and administrative expenses decreased by $1,611,837, mainly attributable to a reduction in professional fees of $1,333,712, as a result of a reduction in legal fees from fewer ongoing claims, including a reversal of legal fees previously accrued related to the dismissal of the Hale litigation. In addition, corporate development costs were lower by $63,397, as a result of the absence of investor relations consulting, an annual general meeting and website updates and improvements and lower share-based payments of $157,237, as a result of the lower charge to operations on the vesting of the stock options issued on January 20, 2012.

Also contributing to the overall reduction in expenses was the absence of finance costs of $899,080, due to the assumption of the previous Gold Stream Facility by Scorpio on December 17, 2012.

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REVIEW OF SIX MONTH FINANCIAL RESULTS

The Company’s net loss for the six months ended July 31, 2013 was $241,907 ($0.00 loss per share) compared to a net loss of $5,890,318 ($0.07 loss per share) for the six months ended July 31, 2012, a reduction of $5,648,411. The primary reasons for the significant reduction in the loss over the prior year’s six month period, was the result of both reduced exploration and evaluation expenditures on the Company’s remaining properties, a reduction in general and administrative expenses and the absence of finance fees, the result of the assumption of the previous Gold Stream Facility by Scorpio on December 17, 2012.

With the sale of the Goldwedge and Piñon property interests and related assets thereto to Scorpio on December 17, 2013, the Company incurred minimal exploration and evaluation expenditures on its remaining projects, including Fondaway Canyon, Dixie-Comstock and Kentucky, prior to their disposal in August 2013, as noted above under “Highlights”. The most significant expenditure on the remaining properties related to consulting, wages and salaries of $38,461 and property acquisition costs of $35,000 on the Fondaway Canyon and Dixie-Comstock Projects. The consulting wages and salaries consisted of services provided primarily by the remaining employee in Nevada, the previous general manager at the Goldwedge Project, who assisted and met with parties interested in purchasing these properties. He was terminated on June 21, 2013. And, the most significant expenditure on the Kentucky Project was office and general which included various expenses including professional fees in connection with legal advice on the Kentucky property. The remaining exploration and evaluation expenditures on the properties were less significant and included travel, office and general and depreciation.

General and administrative expenses decreased by $2,171,852, mainly attributable to a reduction in professional fees of $1,606,945, as a result of a reduction in legal fees from fewer ongoing claims, including a reversal of legal fees previously accrued on the dismissal of the Hale litigation. In addition, corporate development costs were lower by $125,070, as a result of the absence of investor relations consulting, an annual general meeting and website updates and improvements and lower share-based payments of $349,560, as a result of the lower charge to operations on the vesting of the stock options issued on January 20, 2012 along with the impact on the three months ended April 30, 2013 of the resignation of a director on January 2, 2013.

Also contributing to the overall reduction in expenses was the absence of finance costs of $1,001,108, due to the assumption of the previous Gold Stream Facility by Scorpio on December 17, 2012.

LIQUIDITY AND CAPITAL RESOURCES

The Company currently has no operating cash flow and has to date, financed its mineral exploration activities and its ongoing expenditures, primarily through equity transactions such as equity offerings, the exercise of warrants and other financing arrangements. The Company believes that additional financing will be required to fund its operating expenses as it searches for suitable assets and businesses to merge with or acquire.

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As at July 31, 2013, the Company had cash and cash equivalents of $324,044. Cash provided by operating activities was $722,479 for the six months ended July 31, 2013. During the six months ended July 31, 2013, the Company experienced a net increase of $927,091 in non-cash working capital items, which was due to a decrease in sundry receivables and prepaids of $2,666,777, offset by a decrease in accounts payable and accrued liabilities of $1,739,686. As at July 31, 2013 and the date hereof, the Company had met its capital commitment obligations to keep its property agreements in good standing.

The Company's approach to managing liquidity risk has been to ensure that it will have sufficient liquidity to meet liabilities when due. As at July 31, 2013, the Company had cash and cash equivalents of $324,044 compared to $201,565 as at January 31, 2013, to settle current liabilities of $855,986 compared to $3,195,672 as at January 31, 2013. The Company currently does not have sufficient cash and cash equivalents to settle current liabilities. All of the Company's financial liabilities have contractual maturities of less than 60 days and are subject to normal trade terms. The Company regularly evaluates its cash position in an effort to maintain its liquidity.

There is no assurance that future sales or equity or debt capital will be available to the Company in the amounts or at the times desired, or on terms that are acceptable to the Company, if at all. See “Risk Factors” below.

As at July 31, 2013 and the date hereof, the Company had 83,953,825 common shares issued and outstanding and stock options outstanding to acquire 3,050,000 common shares of the Company. And, of the 3,050,000 stock options outstanding, 2,550,000 were exercisable, that would raise $635,000, if exercised in full. The Company’s liquidity risk with financial instruments is minimal as any excess cash, when present, is invested in highly liquid bank-backed guaranteed investment certificates.

The Company has an investment in Sharpe Resources Corporation (“Sharpe”), a Canadian publicly held company. The Company believes that the certificate representing the Sharpe shares was in the possession of former management of the Company. Current management has been unable to locate the certificate and the Company is currently attempting to have Sharpe and/or its transfer agent issue a replacement certificate. If a replacement certificate is not obtained in due course, management may consider taking other action to obtain a replacement certificate including initiating a legal claim. With a replacement certificate, the Company would be in a position to sell the shares to raise funds to settle outstanding obligations. As a result, the Company has taken a loss of $29,999 on its investment in the current three and six months ended July 31, 2013, writing down the investment to $1.

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CONTRACTUAL OBLIGATIONS

(a) Under the terms of the option agreement with Sharpe, the Company was required to incur expenditures of $2,000,000 in total by December 9, 2011 to exercise its option. The Company exercised this option on December 7, 2011. Pursuant to the terms of the option agreement, the Company requested Sharpe to provide additional cash to the Kentucky Project, to match that of the Company, which had exceeded $2,000,000. As of the date hereof, Sharpe had not responded. With the completion of the settlement and release agreement on August 27, 2013, as noted above under “Highlights”, the Company is no longer a party to the option agreement.

(b) The Company had an employment contract dated January 1, 2011 with the former Chief Executive Officer (“former CEO”). The contract was for a term of five years, allowing for a base salary of $250,000 per year and also providing for an additional annual bonus payment at the discretion of the Board of Directors. The contract also contained termination provisions entitling the former CEO to receive the greater of three years basic compensation and the amount outstanding for the remainder of the term of the employment agreement only if he is terminated other than for cause or if he terminated his employment for “good reason” which includes material failure by the Company to substantially comply with the terms of the employment agreement. Management has determined that the former CEO is not entitled to any additional compensation since he was terminated with cause.

The Company’s principal focus continues to be funding ongoing operations as a reporting issuer and paying existing creditors. The Company has no operating revenues and therefore it must utilize its current cash reserves, funds obtained from the exercise of stock options and other financing transactions, in order to maintain its capacity to meet ongoing discretionary operating activities. The Company does not have sufficient funds on hand to meet its current operating requirements and outstanding liabilities; therefore, the Company will continue to negotiate with existing suppliers to settle outstanding liabilities. If the Company is not able to negotiate with existing suppliers on a favorable basis, this could have a material adverse effect on the business, operations and future prospects of the Company and could cause the Company to cease operations or no longer continue to operate as a going concern. See “Risk Factor – Capital Investment.”

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Paul G. Smith, a director and Chairman of the Board, is the President and Chief Executive Officer of Equity Financial Holdings Inc. (“Equity”), a company that provided financial services to the Company until April 5, 2013. Services provided by Equity totaled $1,519 for the six months ended July 31, 2013 (six months ended July 31, 2012-$7,090).

SHARE CAPITAL

The Company is authorized to issue an unlimited number of common shares and special shares. As at July 31, 2013 and the date hereof, the Company had 83,953,825 common shares outstanding and the following stock options outstanding:

2,550,000 of the outstanding stock options are exercisable.

CONTINGENCIES

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On August 27, 2013, the Company settled this claim through a settlement and release agreement, as noted above under “Highlights”.

OFF BALANCE SHEET ARRANGEMENTS

As of the date hereof, management believes the Company does not have any off balance sheet arrangements that have, or are reasonably likely to have, a current or future effect on the results of operations or financial condition of the Company, including, and without limitation, such considerations as liquidity and capital resources.

SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENTS

The preparation of the Company’s consolidated financial statements requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of expenses during the reporting period. Actual outcomes could differ from those estimates. The Financial Statements for the three and six months ended July 31, 2013 and 2012 include estimates that, by their nature, are uncertain. The impacts of such estimates are pervasive throughout the Financial Statements for the three and six months ended July 31, 2013 and 2012 and may require accounting adjustments based on future occurrences. Revisions to accounting estimates are recognized in the period in which the estimate is revised and future periods if the revision affects both current and future periods. These estimates are based on historical experience, current and future economic conditions and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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Significant assumptions about the future that management has made that could result in a material adjustment to the carrying amounts of assets and liabilities, in the event that actual results differ from assumptions made, relate to, but are not limited to, the following and are explained in detail in Note 3 of the audited consolidated financial statements for the years ended January 31, 2013 and 2012 which can be found on SEDAR www.sedar.com:

Critical accounting estimates

• the recoverability of sundry receivables that are included in the consolidated statements of financial position;

• the inputs used in accounting for share based payment transactions in the consolidated statements of operations.

• Contingencies, as noted above under “Contingencies” and in note 19 to the consolidated financial statements.

Critical accounting judgments

• the categorization of financial assets and liabilities is an accounting policy that requires management to make judgments or assessments;

• management's assumption of material restoration, rehabilitation and environmental obligations, based on the facts and circumstances that existed during the period;

• the measurement of income taxes payable and deferred income tax assets and liabilities requires management to make judgments in the interpretation and application of the relevant tax laws. Deferred tax assets require management to assess the likelihood that the Company will generate taxable income in future periods in order to utilize recognized deferred tax assets;

• going concern presentation of the consolidated financial statements which assumes that the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of operations as they come due; and

• management's determination that the functional currency of the Company and each of its subsidiaries is the United States Dollar.

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NEW ACCOUNTING PRONOUNCEMENTS

There are no relevant recent accounting pronouncements applicable to future periods other than as disclosed in the section entitled “NEW ACCOUNTING PRONOUNCEMENTS” in the Company’s MD&A for the year ended January 31, 2013, available on SEDAR at www.sedar.com

CHANGE IN ACCOUNTING POLICIES

IFRS 10 Consolidated Financial Statements (“IFRS 10”)

IFRS 10 was issued by the IASB in May 2011. IFRS 10 is a new standard which identifies the concept of control as the determining factor in assessing whether an entity should be included in the consolidated financial statements of the parent company. Control is comprised of three elements: power over an investee; exposure to variable returns from an investee; and the ability to use power to affect the reporting entity’s returns. At February 1, 2013, the Company adopted this pronouncement and there was no material impact on the Company’s unaudited condensed interim consolidated financial statements.

IFRS 11 Joint Arrangements (“IFRS 11”)

IFRS 11 was issued by the IASB in May 2011. IFRS 11 is a new standard which focuses on classifying joint arrangements by their rights and obligations rather than their legal form. Entities are classified into two groups: parties having rights to the assets and obligations for the liabilities of an arrangement, and rights to the net assets of an arrangement. Entities in the former case account for assets, liabilities, revenues and expenses in accordance with the arrangement, whereas entities in the latter case account for the arrangement using the equity method. At February 1, 2013, the Company adopted this pronouncement and there was no material impact on the Company’s unaudited condensed interim consolidated financial statements.

IFRS 12 Disclosure of Inte rests in Other Entities (“IFRS 12”)

IFRS 12 was issued by the IASB in May 2011. IFRS 12 is a new standard which provides disclosure requirements for entities reporting interests in other entities, including joint arrangements, special purpose vehicles, and off balance sheet vehicles. At February 1, 2013, the Company adopted this pronouncement and there was no material impact on the Company’s unaudited condensed interim consolidated financial statements.

IFRS 13 Fair V alue Measurement (“IFRS 13”)

IFRS 13 was issued by the IASB in May 2011. IFRS 13 is a new standard which provides a precise definition of fair value and a single source of fair value measurement considerations for use across IFRSs. At February 1, 2013, the Company adopted this pronouncement and there was no material impact on the Company’s unaudited condensed interim consolidated financial statements given the existing asset and liability mix of the Company to which fair value accounting applies.

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Exhibit 99.3

FORM 52-109FV2
CERTIFICATION OF INTERIM FILINGS
VENTURE ISSUER BASIC CERTIFICATE

I, Philip Gross, Interim President and Chief Executive Officer of Royal Standard Minerals Inc. , certify the following:

Date: September 30, 2013

“Philip Gross”                                       
Philip Gross
Interim President and Chief Executive Officer

Exhibit 99.4

FORM 52-109FV2
CERTIFICATION OF INTERIM FILINGS
VENTURE ISSUER BASIC CERTIFICATE

I, Ike Makrimichalos,  Chief Financial Officer of Royal Standard Minerals Inc. , certify the following:

Date: September 30, 2013

“Ike Makrimichalos”                                  
Ike Makrimichalos
Chief Financial Officer

Exhibit 99.5

Notice to Reader

The accompanying unaudited condensed interim consolidated financial statements of the Company have been prepared by and are the responsibility of management. The unaudited condensed interim consolidated financial statements have not been reviewed by the Company's auditors.

The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.

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The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.

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