ZEOX Expands Operations Into Mexico
Mr. LuVerne E.W. Hogg, President and CEO of ZEOX Corporation (The “Company” or “ZEOX”) (TSX VENTURE: ZOX) is pleased to announce the Company has established ZEOX Minerals de Mexico, S.A de C.V. (“ZMM”) as a wholly owned subsidiary incorporated in Mexico.
ZMM has executed an option agreement for the purchase of 200 hectares of mineral claims in Sonora, Mexico for consideration of US$300,000 with payments to be made over a 12 year period. The initial payment upon signing was US$15,000. Following the payment of the US$300,000 ZMM has agreed to pay a royalty of US$1.00 per ton of Chabazite mined and sold.
The claims were acquired due to the identification of Chabazite zeolite occurring on the property. The Chabazite identified is similar to the Company’s high purity Chabazite deposit South of Tucson, Arizona. Exploration on the property will begin in the third quarter of 2008 with surface exploration and detailed analysis of the Chabazite to determine its suitability for utilization in the Company’s zeolite technologies for ZEOX’s key global markets in:
– Environmental remediation and purification of air, water, nuclear waste and gas streams;
– Catalytic applications; and
– Lightweight down hole cements for oil and gas well completions and specialty building products
Entalpia Consultores, S.C. with offices in Hermosillo, Sonora, Mexico acts as agent for ZMM and provides field, exploration and development services. The proximity of rail to the property could provide a link to the Company’s current production facilities in the United States and Canada. The expansion to Mexico is a component of ZEOX’s strategy to secure high purity specialty zeolites for the Company’s line of technology products globally.
For a more complete business and financial profile of the Company, management encourages investors to view the Company’s documents posted on www.SEDAR.com.
On behalf of the Board of Directors
LuVerne E.W. Hogg, President and 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 Mexican operations will expand ZEOX’s resources and service markets in Mexico, Central America and South America. The Company’s products involve detailed scientific knowledge and specific customer adoption criteria, hence 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 mining or 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.
Contacts: ZEOX Corporation LuVerne E.W. Hogg 1-877-767-0343 (250) 767-6134 (FAX) Email: firstname.lastname@example.org Website: www.zeoxcorporation.com
SOURCE: ZEOX Corporation