SOURCE: ZNext Mining Corporation, Inc.

ZNext Mining Corporation, Inc.

March 02, 2010 12:21 ET

ZNEXT Mining (PEARL Asian) Gold Mine Sites in Regions (Ranked 1st, 3rd, 4th & 5th) From the Total Philippine Gold Reserves Are Located in the Philippines, Ranked Second (2nd) in the World in Gold Reserves

LIBONA, BUKIDNON, PHILIPPINES--(Marketwire - March 2, 2010) - ZNEXT (PEARL Asian) Mining (PINKSHEETS: ZNXT) (PINKSHEETS: ZNXPP) announces that while the Philippines was ranked Second (2nd) on the World Gold Reserves, Third (3rd) in Copper and Sixth (6th) in Chrome, ZNext Mining is enjoying the luxury of having its major small scale mining operations in the regions that are ranked No. 1, No. 3, No. 4 and No. 5 from the total Philippines Gold Reserves.

Worldwide, the Philippines had been an important gold producer, ranking 29th in 2002. In 1988, the country placed second to South Africa in terms of gold production per unit land area.

-- GOLD ORE RESERVES of 162.8 Million metric tons with a weighted average
   grade from 0.05 to 20% gm of Au (Gold) /MT Metric Tons.
-- POSITIVE ORE RESERVES constitute 76.8 Million Metric Tons or 47% of
   the total deposits.
-- PROBABLE ORE RESERVES Total 56.9 Million Metric Tons or 35%
-- TOTAL Known Regional Gold Ore Deposits in Metric Tons = 402,696,312
-- TOTAL Known Regional Amount of Pure Gold in Kilograms = 1,129,828.80
-- TOTAL Percentage from Philippines Gold Ore Reserves = 100.01%

ZNext Mining (PEARL Asian Mining) has its small scale gold mining projects and one pending large scale mining project in these following Regions:

1. Region 5 = 17.87% from the total Philippines Gold Reserves -
   4th Highest **
2. Regions 9 = 6.73% from the Total Philippines Gold Reserves -
   5th Highest **
3. Regions 10 & 11 = 25.52% from the Total Philippines Gold Reserves -
   1st Highest %**
4. Region 13 = 19.30% from the Total Philippines Gold Reserves -
   3rd Highest %**

GOLD and SILVER are found abundantly throughout the country in the form of lode or placer deposits. The principal Gold producing areas are widely located in all 13 Regions, yet mostly located in the CAR Region and Regions 5, 9, 10, 11, 13 of the country.

(Sources: 1996 Report_ MINES & GEOSCIENCE BUREAU, DENR, REPUBLIC OF THE PHILIPPINES' GOVERNMENT).

Our portfolio of products is mainly composed of gold, silver, copper and other precious metals and minerals. Gold accounts for a great majority of ZNXT / PEARL Asian Mining's forthcoming revenues and the world's needs as a hedge against inflation which augurs well for our future viability and growth. Our global focus is designed to allow ZNXT / PEARL Asian Mining to become responsive to the increasing demands of gold and silver we recover and produce. This is calculated to permit us to exercise significant control in response to increased supply and demand in the world's gold and silver markets. ZNXT/PEARL Asian Mining Industries is convinced that the demand for gold and silver (as predicted to go as high as $2,600/oz), will continue at an unprecedented rate due to global material needs and inflationary trends.

"There is no doubt that the Philippines has the potential and the ability to sustain a successful mineral industry with economic world class deposits. The exploration efforts and investment to achieve this would provide a massive boost to the economy in its own right!" per excerpts from the Foreign Chambers of the Philippines, 2003.

Visit: URL: http//:www.pearlmining.com

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=29337
ZNXT/PEARL Asian Mining Industries ~Information Disclosure Statement
Pursuant to SEC 15c2-11(a)(5)

http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=28279
(SEC Certification of PEARL Asian Mining Industries, Inc)

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29328
(Historical Overview from 2003 to Present)

ABOUT THE COMPANY

Znext Mining Corporation, Inc. (PEARL Asian Mining Industries, Inc.) is an international mining company engaged in the exploration and development of new and underdeveloped mine sites. The company focuses primarily in the small scale mining and production of gold, silver and other precious metals. ZNEXT Mining was assigned 100% of PEARL's Mineral Production Sharing Agreement (MPSA), equivalent to the Large Scale Mining Permit. This MPSA had been on file in Region V since 2004. ZNEXT Mining Corporation has changed the country of jurisdiction back to the Philippines as Pearl Asian Mining Industries, inclusive of all the Philippines mining assets such as gold-silver, copper, other precious metals and all other mineral explorations, plus the assignment of all rights that included the Gango Gold processing plant, gold tunnels among others. All the ZNEXT Mining Common Shares (Symbol: ZNXT) are being converted to PEARL Asian Mining - Philippines Common Stock; while all the ZNEXT Mining Preferred Shares (Symbol: ZNXPP) are being converted into the Common shares of Canadian Corporation, holding the company's Canadian mining interest, also named Pearl Asian Mining Industries, Inc. The PEARL Asian Mining (PHILIPPINES' CUSIP # Y6804H 126 & ISIN # PHY6804H 126, and CANADA's CUSIP No. CDS# 704752401: ISIN # CA7047524011) will have separate Stock Symbols to each separately assigned CUSIP Numbers.

FORWARD-LOOKING 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. These also 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, and 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
    ASilverelli Investor Relations Group
    Adam Silver
    Phone # USA (858) 220-4393 / 888.558.1288
    e-mail: Email Contact