ZEOX Corporation
TSX VENTURE : ZOX

ZEOX Corporation

September 11, 2007 12:56 ET

ZEOX Completes Acqusition of the Assets of Palo Sodium Sulphate Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2007) - Mr. LuVerne E.W. Hogg, President and CEO of ZEOX Corporation (TSX VENTURE:ZOX) is pleased to announce that the Company's wholly owned subsidiary Nanostructured Minerals Corporation has completed its acquisition of the assets of Palo Sodium Sulphate Mine located near Whiteshore Lake, Saskatchewan.

Assets acquired include 682 acres of land, mineral leases, buildings, plant and equipment, mobile equipment and rail lines. Consideration paid for the acquisition was $1,000,000 and the assumption of the financial obligations of approximately $279,000 for mining permits and bonds granted by the Province of Saskatchewan.

This acquisition is key to the business strategy of the Company. It provides the following strategic advantages:

- Strategic location with rail lines to service large volumes of material to marketplaces in the oil and gas and construction industries to and from the Company's zeolite production facilities in Arizona and Nevada.

- Sodium Sulphate mineral leases covering Whiteshore Lake.

- Proven reserves of sodium sulphate - an accelerator in the Company's patented and proprietary product lines in zeolite-based concretes for oil and gas and construction applications.

- The Palo facility with plant and equipment with a design capacity of 100,000 tonnes per annum.

- Land to expand facilities and capacity.

- Full service electric power and natural gas.

For a more complete business and financial profile of the Company, management encourages interested parties to view the Company's documents posted on sedar.com.

On behalf of the Board of Directors

LuVerne E.W. Hogg, President & Chief Executive Officer

Legal Notice Regarding Forward Looking-Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include that ZEOX has acquired the assets of Palo Sodium Sulphate Mine and that these assets will allow ZEOX to satisfy the anticipated demand for several emerging markets in the oil and gas industry that ZEOX intends to supply in the future. Factors that could cause actual results to be materially different include that markets may not develop as quickly as anticipated or at all or that productive capacity may not be large enough to handle market demand. Investors are cautioned against placing undue reliance on forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • ZEOX Corporation
    LuVerne E.W. Hogg
    (250) 767-6788
    (250) 767-6134 (FAX)
    Email: vernehogg@shaw.ca