Masbate Gold Project 24/Apr/2008 13:28:00 Business Wire US3369011032 Working in tandem with various indigenous tribes on the island of Mindanao, vice Chair Manolo Tecson was invited on April 16 as the keynote speaker in Bukidnon Province to address the community and local government units (LGU) regarding ZNext Mining policies on environmental and natural resources protection and development.
Tecson explained to the LGU and community the Co s social development programme in Binasan and our successes to date in building the community infrastructure.
Semion Angcot, the Municipal Environment Resources Officer of the DENR, has requested PAMI-ZNext to enter into a Memorandum of Agreement (MOA) with the agency and the municipality to share the expertise of technical personnel for the protection of the watershed area in their own Bukidnon province.
Officials visited the Co s CDO office to finalise some of the proposals, and in particular to review the tree planting and other environmental protection measures for the area throughout the contemplated projects.
Tecson emphasized that a harmonious and friendly relationship with the host communities, the municipality and the local government units will help strengthen the Co s presence in the mining business on the Island of Mindanao for years to come.
“At long last, we are enthusiastically moving forward on XYS development after overcoming numerous obstacles, which seem to be typical in the industry and yet unique to doing business in Southeast Asia,” said Piamonte.
SPECIAL NOTE CONCERNING “PROL” RESTRICTED STOCK DIVIDEND: The restricted Philippines Royal Oil & Alternative Energy Co., Inc. common stock dividend certificates issued to ZNext Mining Corp (f/k/a Pearl Asian Mining Industries) shareholders of record as of February 26, 2007 for one-year restriction per SEC Rule 144 has been fulfilled as of April 2, 2008.
In order to effect free trading in this security, the removal of the restriction legend is necessary.
Please observe the following: 1) Send the original certificate for legend removal, 2) Remit a check for the processing fee payable to AGN Associates & Stock Transfer Services, LLC (US$25 to cancel and US$25 each certificate for free-tradeable certificate), 3) Mail the original certificate along with the check and self-stamped, self-addressed return envelope via traceable manner (FedEx, UPS, Certified Mail) to: AGN Associates & Stock Transfer Services, LLC 5431 Auburn Blvd., #178 Sacramento, CA 95841 ABOUT THE COMPANY ZNext Mining Corporation, Inc. is an international mining Co engaged in the exploration and commercialisation of new and underdeveloped mine sites, primarily gold and other precious and strategic metals.
Twelve (12) mining claims in British Columbia, Canada are owned 100% by ZNext Mining.
Additionally, under a Philippines Mineral Production Sharing Agreement (MPSA) with the government of the Republic of the Philippines, ZNext Mining owns 40% of the Pearl Asian Mining Industries, Inc., a Philippines domestic private corporation, that through aggregation of manpower and production among small-scale miners and indigenous peoples.