SOURCE: ZNext Mining Corporation

September 16, 2008 13:30 ET

ZNext Mining Highlights Events During the First Half of 2008

Looks Ahead to Positive and Other Alternative Prospects

MANILA, PHILIPPINES--(Marketwire - September 16, 2008) - ZNext Mining Corporation (PINKSHEETS: ZNXT) (OTC Preferred: ZNXTP) highlights the second half of 2008 with overflowed climatic events, happenings, recent changes and updates in the company:

--  British Columbia-Nanaimo Gold Project: Initial work programs on the
    Vancouver Island mining project had been completed by our experienced
    Canadian Exploration Team, with results to be announced.
    
--  Binasan Gold Project: The Gold Team of expert gold mapper and
    geologist are back to re-assess the magnitude of side effects due to long
    wet seasons of heavy rainfall, mudslides and road closures in the Binasan
    mountains. The plan is to start tunneling and putting strong re-
    enforcements and heavy supports on the selected rich gold mine sites to
    avoid future mudslides, thus allowing for the non-stop mining development
    and gold production from these gold tunnels.
    
--  Gango Gold Rush Project: The EMB requirement for the tailing ponds had
    been successfully corrected and passed. New work scheme program was
    developed, to be re-enforced among the local cooperatives' workers prior to
    starting the mining and processing of the plant. In the beginning of 2008,
    we had announced that the enhanced processing plant will have a copper
    floatation device installed and attached right before the crushed gold ores
    mixtures enter into the first C-I-L tank. By the addition of the floatation
    device, any and all copper and other impurities will increase the gold,
    silver and other precious metals production.
    
--  XYZ Gold Project: The XYZ Gold Team is now led by Pres. CEO Randolf
    Villanueva and OIC Jun Oliva. They have been fast tracking the ECC
    Certification to fully satisfy the requirements before Sept. 30, 2008.
    Meanwhile, field workers are rehabbing two of the rich tunnels and about 30
    kgs of ores are compiled to be processed and analyzed in a US Metallurgical
    Lab. It is very important to identify and determine the quantities of gold
    and silver per metric ton of ores of these tunnels. Determining the quality
    such as coarseness, roughness or fineness of the ores will be used in the
    manufacturing and customized design of the on-site XYZ Gold processing
    plant.
    

The weather conditions are now much better after almost 8 months of a very wet season.

The ZNext Board looks forward to bringing amicable resolutions to the delays caused by the inclement weather and other unforeseen circumstances that affected the productivity of these projected mining operations.

The company is in discussions to be acquired and/or merge with a private mining company that is currently grossing $2,000,000 and netting $200,000 per month from mining revenues. If these discussions are consummated in a merger, the company, as a condition, will first transfer most of its assets and liabilities to one of its subsidiaries and/or affiliates and distribute the shares of that company to its shareholders.

"We thank all shareholders of ZNXT for patiently bearing with us, as we go through and overcome these unforeseen delays we encountered during the first half of 2008," stated President/CEO Randolf Villanueva.

FORWARD STATEMENTS

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • CONTACT:
    Investor Relations
    Denise Bravs
    Phone # USA (888)-498-0001
    FAX: (888)-588-0854
    e-mail: Email Contact