Investor Presentation

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• Investor Presentation

ZEOX CORPORATION
2010
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• This presentation includes certain estimates
  and other forward-looking statements within the
  meaning of Section 21E of the Securities Exchange
  Act of 1934, as amended, including statements
  with respect to anticipated operating and
  financial performance, growth opportunities,
  growth rates, potential acquisition
  opportunities, and other statements of
  expectation. Words such as expects,
  anticipates, intends, plans, believes,
  assumes, seeks, estimates, should, and
  variations of these words and similar
  expressions, are intended to identify these
  forward-looking statements. While we believe
  these statements are accurate, forward-looking
  statements are inherently uncertain and we cannot
  assure you that these expectations will occur and
  our actual results may be significantly
  different. These statements by the Company and
  its management are based on estimates,
  projections, beliefs and assumptions of
  management and are not guarantees of future
  performance. Important factors that could cause
  actual results to differ from those in the
  forward-looking statements include the factors
  described in the Risk Factors section of the
  preliminary prospectus. The Company disclaims
  any obligation to update or revise any
  forward-looking statement based on the occurrence
  of future events, the receipt of new information,
  or otherwise. 
• This presentation includes certain non-GAAP
  financial measures, that are different from
  financial measures calculated in accordance with
  GAAP and may be different from similar measures
  used by other companies.

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Table of Contents
1. Executive Summary
2. Zeox Overview
3. St. Cloud Mining
4. The New Zeox
5. Industry
6. Management
7. Transaction Overview
8. Contact Information
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1. Executive Summary
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Executive Summary

• Zeox Corporation has gone through a successful
  restructuring.
• Revenue Growth
• Cost Reduction
• Working Capital Improvement
• Zeoxs Board of Directors in favor of Merger with
  St. Cloud Mining
• Upside In Place on
• Mercury Removal
• Cementation
• Dolomite
• Acquisition Program Commenced
• First Acquisition Ready
• Other Targets Identified/ 2 In Due Diligence
• Zeox is seeking 5MM in capital to execute its
  plan.

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Executive Summary

• Investment Thesis
• Earnings Potential
• Market Control
• Best Zeolite Deposits In North America
• Only Active Chabazite Deposit In The World
• Greatest Expansion Capability
• Environmentally Driven Markets
• Waste Water
• Radiation Waste Containment
• Cap Trade Benefit
• Management
• Operational Experience
• History of Building Companies
• Management Financial Incentives Aligned With
  Shareholders

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Executive Summary

• Zeox Corporation was formed with the IPO of C2C
  Zeolite Corporation in 2006.
• Zeox, led by former Chairman CEO, LuVerne Hogg,
  commenced
• An acquisition program of quality industrial
  mineral reserves
• White Cliffs (Diatomacous Earth)
• Bowie (Chabazite)
• Burro Creek (Saponite)
• Ash Meadows (Zeolite)
• Palo (Sodium Sulphate)
• An expensive RD effort
• Cementation
• Mercury Removal
• Nano Clays

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Executive Summary

• Hoping that significant orders for down hole mud
  and the mercury removal product, Zeox invested
  3.5MM in a processing plant in Butte, Montana.
  Unfortunately, Zeox did not realize that
  extensive testing was required and the plant
  operated at less than 5 utlization.
• The company financed its acquisitions and
  operations with successive private placements of
  equity.
• Ultimately, Zeox management was incapable of
  commercializing its reserves, resulting in
  substantial operating losses, negative working
  capital and finally, a change of management .
• New management led by Gerry Spindler (Chairman
  CEO) and Mike Shea (CFO) were appointed on August
  24, 2009 and immediately implemented a turnaround
  plan.
• Closed Plants
• Reduced Costs
• Focused on Increasing Revenue
• Raised Short Term Working Capital

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Executive Summary

• Spindler Sheas interest and motivations are as
  follows
• Merging Spindlers privately held Industrial
  Mineral (St. Cloud Mining) business into Zeox
  thus obtaining a public valuation.
• Realizing the substantial upside potential of
  Zeoxs reserves and technologies.
• Becoming the dominant North American producer of
  zeolite with the only active known Chabazite
  reserve in the world.
• Creating a 100MM diversified industrial mineral
  company within 3 years
• Organic Growth
• Acquisitions

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2. Zeox Overview
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Business Overview

• Canadian Publicly Traded Company
• Mines
• Ash Meadows (Zeolite)
• Bowie (Chabazite)
• Operating Plants
• White Cliffs (Diatomaceous Earth)
• Technology
• Cementation (Oil Rigs)
• Mercury Capture (Coal Fired Plants)
• Market Cap of 12MM (CDN, 01/12/10)
• Approximately 68MM Shares O/S

• Zeox Minerals Materials Corp.

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Business Overview

• Revenue improvement
• New Zeolite Chabazite Customers
• Mercury Removal
• Cementation
• Cost Reductions
• Butte, MT Palo Plant Closures
• Head Count Reductions
• Reduced Payables
• MSE/Butte
• Aggressive Discounting
• Payables reduced from over 3MM to 1.2MM
• Improved working capital
• Short Term Funding from Imagin Minerals
• Private Placement

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Business Overview

• Revenues have been increasing led by zeolite
  sales at Ash Meadows and Bowie Chabazite sales,
  primarily the down hold cementation product,
  Zeofume.
• Other large oil services companies are actively
  testing Zeofume as a replacement for silica fume.
  
• Our mercury removal product, AZI, is a proven
  technology and based on Bowies unique Chabazite.
• In final stage tests with one multi-billion
  dollar company
• Other large companies, primarily activated carbon
  providers, are testing
• AZI will compete or complement Activated
  Carbon products with the advantage of not
  negatively impacting the resultant fly ash that
  Power companies sell to cement producers.
• Zeoxs Chabazite is the only zeolite that has
  been proven to remove mercury in coal fire
  plants.
• Zeox controls the only active Chabazite deposit
  in North America and possibly the world.

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Business Overview

• Ash Meadows (Zeolite)
• 40MM tons of proven Reserves
• Average Selling Price of 150 - 175/ton
• Mining Processing Costs 30-60/ton depending
  on size of grind order
• Bowie (Chabazite)
• Upper Bed (Zeofume and Water Filtration)
• 1.3MM tons of proven Reserves
• Average Selling Price of 500 - 600/ton
• Lower Bed (Mercury Removal)
• 880,000 tons proven, 1.1MM probable
• Average Selling Price 600 - 800/ton
• Mining Processing Costs 100-300/ton depending
  on size of grind order
• Technology
• Mercury Removal
• Zeofume

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3. St. Cloud Mining
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Business Review

• North Americas Largest Producer of Natural
  Zeolite
• Three Business Lines
• Zeolite
• Reclamation
• Aggregates
• Dolomite
• Acquired in 2002
• Increased Production From 12,000 tons (2002) to
  31,000 tons (2008)
• 2008 Revenues and Gross Profit of 9.4MM and
  2.6MM, respectively

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St. Cloud Mining
St. Cloud Mining St. Cloud Mining

(000's) 2006 2007 2008 2009

Revenues
Industrial Minerals 2,905 3,451 2,990 2,870
Aggregates 409 3,483 1,004 511
Reclamation 5,851 1,971 5,031 458
Other 85 30 402 0
Total 9,250 8,935 9,427 3,839

Gross Profit 2,977 2,417 2,642 1,322

EBITDA 1,259 1,213 1,982 240
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St. Cloud Mining
Sales Segments Animal Feed 60 Ag./Horticulture
30 Filtration 10 Total 100
Production and Prices Increases
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St. Cloud Mining

• St. Clouds Reclamation Business was founded to
  leverage the skilled employees mining talents.
• Historically has performed reclamation services
  for Freeport McMoran, and state managed AML
  (Abandoned Mine Land) sites.
• Established commercially proprietary technology
  for mine shaft closings.
• As the result of the drop in copper prices,
  Freeport dramatically reduced its reclamation
  activities starting in Q3, 2008.
• As a response, St. Cloud to refocused the
  business and leveraged its operating capabilities
  with its zeolite and dolomite deposits. While
  still bidding on reclamation contracts, the
  division is also focused on bidding on Post
  Closure Water Treatment for mines.
• Developed first substantial contracts with new
  clients (RTZ Barrack)
• Achieved Certified Contractor status in five
  new states.
• Current Backlog is 1.7MM with the majority of
  contracts won in Q4 2009.

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St. Cloud Mining

• High quality aggregates have contributed as much
  as 3.4MM in revenues (2007).
• The majority of historical revenues were for
  improvements on rail lines for Union Pacific.
• The rail improvements have been completed and St.
  Cloud is focused on increasing revenue to
  projects in the area, including those that will
  be recipient of stimulus funding (e.g. roads,
  bridges and border fence projects).
• St. Cloud has developed a Dolomite Quarry with
  Aggregates, south of Deming, New Mexico. The
  property has crushing capacity and a grinding
  plant.
• The dolomite qualifies as a magnesium mineral
  source in animal feed diets and its location
  should provide a cost advantage to other
  competitive dolomite products.

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4. The New Zeox
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Executive Summary

• North America has very few Mid-Tier industrial
  mineral companies.
• Managements vision has been to build a 100MM
  diversified North American industrial mineral
  company.
• We believe the combination of Zeox and St. Cloud
  provides the platform.
• Zeox (TSXV ZOX) brings to St. Cloud
• High Quality Reserves/Deposits (Only Chabazite
  deposit in U.S.)
• Publicly Traded Entity
• Significant Product/Revenue Upside (Cementation
  Mercury Removal)
• St. Cloud brings to Zeox
• Operating Management with Mining Experience
• Operating Business
• Mining Equipment
• Liquidity

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The New Zeox

• Canadian Publicly Traded Company
• Mines
• Ash Meadows (Zeolite)
• Bowie (Chabazite)
• Winston (Zeolite)
• Hooper (Aggregates/Dolomite)
• White Cliffs (Diatomaceous Earth)
• Operating Plants
• Ash Meadows.
• Deming
• White Cliffs (Diatomaceous Earth)
• Winston
• Technology
• Cementation (Oil Rigs)
• Mercury Capture (Coal Fired Plants)

• Zeox Minerals Materials Corp.
• St. Cloud Mining

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The New Zeox

• Dominant Zeolite producer with platform for
  growth.
• Lowest cost producer.
• Provides a broader product offering for both
  companies.
• Variety of zeolite qualities/properties
• Chabazite
• Dolomite
• Reclamation Construction
• Diatomaceous Earth
• Aggregates
• Increases geographic reach
• Capitalize on Zeoxs Intellectual Properties
  Research Base
• Allows shareholders of both companies to
  participate in the upside potential of a growth
  company.

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The New Zeox
Multiple Uses, Products, Brands
IMAGIN ZEOX
Agric. Feed Agric. Feed
Water Filtration Water Filtration
Soil Amendment Spec. Chemical
Odor Control Cement
Air Filtration

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The New Zeox
Complementary Attributes
IMAGIN ZEOX
Management Reserves/Deposits
Dedicated Sales Staff Technical Knowledge
Mining Knowledge Public Entity
Mining Equipment
Diversified Revenue Base

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5. Industry
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Industry

• Natural zeolites are hydrated aluminosilicates.
• There are over 40 natural zeolite minerals with
  similar structures and molecular makeup, all with
  its own particular attributes.
• Commercial zeolite deposits in the U.S. are
  located in Arizona, California, Idaho, New
  Mexico, Oregon, Texas and Wyoming.
• Zeolite is used commercially because of its
• Unique absorption
• Ion exchange
• Molecular sieve
• Catalytic properties
• The major end markets for zeolite are
• Animal feed
• Horticultural applications
• Waste water and air filtration

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Industry
Global Zeolite Production In Tons

• Countries producing large tonnages often use
  them in low-value applications.
• Ready availability of zeolite and shortage of
  competing minerals are factors for large scale
  use.

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Industry
Domestic Zeolite Production
In Tons
Source Imagin Minerals

• Majority of production is for high value add
  products.
• U.S. is leader in developing new
  applications.

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Industry

• There are only a few producers of zeolite in
  North America of any size.
• As the market leader, and low cost producer, the
  New Zeox has competitive advantages over other
  zeolite producers
• UAMY Owns Bear Creek which is situated on a
  mountain top and its operation is limited by
  winter weather. Additionally, Bear Creeks
  management does not rely on distributors.
• Zeotech Poor quality reserve with high clay
  content with market limited to commodity products
  such as cat litter. Material for its water
  filtration customers is purchased from St. Cloud.
  
• St. Clouds and Zeoxs zeolite deposits are the
  highest quality in North America and offers a
  variety of different characteristics (e.g. high
  low sodium). This product suite will ensure that
  our material is part of any new product testing.
  
• New products and/or applications using zeolite
  include, cement, radiation treatment, mine waste
  water, air filtration, rubber compounds for
  tires, and various other applications.
• While the current market for US zeolite is 60,000
  tons, this is expected to grow exponentially.

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Industry
MinAd Dolomite Production
In Tons
Source Imagin Minerals

• Dolomite is used in dairy cow feed to meet
  magnesium requirements
• Market is dominated by MinAd ( 80,000 tons/
  10MM Revenues)
• St. Cloud recently commenced production of
  Dolomite
• St. Cloud has a substantial freight advantage
  in the Texas Pan Handle.

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Industry

• Mercury removal of coal fired plants is served by
  several large activated carbons companies all of
  which are testing AZI
• ADA
• BASF
• Norit
• Calgon Carbon
• Market is estimated to be 400 million. Due to
  emerging environmental regulations, this market
  is expected to continue to grow.
• Out of the 1,000 US plants, 250 have the suitable
  Electro Static Percepitation (ESP) system and
  saleable fly ash characteristics that will
  benefit from AZI.
• A 250 megawatt plant will need 1 million pounds
  per year for each boiler. Many plants have
  several boilers.
• AZI can replace Activated Carbon in totality or
  be blended to increase mercury capture from 90
  to over 95 without impacting the fly ash.

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Industry

• Cement
• Carbon footprint of increasing concern to
  producers. Pozzolans will be a factor in reducing
  emissions.
• Down Hole Muds
• Prevents premature hardening of the cement
• Allows drill companies to use less
  expensive/lower grade cement
• Improve performance at deep depths.
• Increased use of horizontal drilling requires
  greater amounts.
• Zeoxs Down Hole Mud (Zeofume) utilizes Bowies
  Upper Bed Chabazite
• Sells between 500-600/ton.
• New Hires have given us an ability to participate
  in other companies research.

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Industry

• Animal Antibiotic US Congress is currently
  discussing limiting the treatment of animals with
  antibiotics as a normal supplement. If
  regulations are limited, ranchers will consider
  zeolite as a normal supplement to help animal
  health and improve weight gain.
• Drinking Water An estimated 125 US
  municipalities have arsenic levels above
  requirements. The treatment plants are either
  ignoring the requirement or blending other
  potable water to reduce arsenic levels. Zeolite
  is proven filtration floculant to remove arsenic.
• Concrete - Zeolite has pozzolanic qualities that
  improve concrete. This is being tested by several
  commercial and residential concrete companies.
• Construction/Reclamation There are numerous
  Abandoned Mine Land (AMLs), particularly in
  the Southwestern states, that have mine water
  problems. The sites are either bonded by the
  mining company or have been taken over by the
  government. St. Cloud has the mining and
  construction experience to build and monitor
  simple treatment systems (e.g. settling ponds) at
  a cost of a fraction of a cent per gallon,
  providing substantial annuity revenue and income.

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Industry
                   
  2-3 YEAR GROWTH                
  SUMMARY       AVG.        
      TONS   PRICE     TOTAL  
                   
  Markets    
     
  Cattle Feed 10,000 125 1,250,000  
  Other Animals 30,000 125 3,750,000  
  Cement 30,000 500 15,000,000  
  Concrete 35,000 105 3,675,000  
  Filtration 15,000 160 2,400,000  
  Mercury Removal 15,000 600 9,000,000  
  Dolomite 30,000 150 4,500,000  
  TOTAL 39,575,000  
                   

• Management Sees Substantial Organic Growth
  Opportunity
• Applications
• Reserves
• Minerals

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Industry

• Management is constantly reviewing acquisition
  opportunities.
• The North American market is characterized by
  large strategic operators and numerous
  privately-owned niche industrial mineral
  companies that
• Older ownership with no succession plan.
• Defined business niche with long time customer
  base
• Barriers to entry
• Acquisitions Under Consideration
• 5MM revenue mineral company with 1.3MM of
  EBITDA. Complementary product offering,
  synergistic location. Cash transaction with earn
  out provision.
• 4MM ore property with 400K EBITDA. Customer
  base is cement oriented and could provide cross
  sell opportunities. Stock transaction.

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6. Management
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Executive Summary

• Mr. Garold (Gerry) Spindler
• Wealth Of Operating Experience
• Previous CEO of Large Public Companies
• Pittson Coal
• Cyprus Amax Coal
• UK Coal
• St. Cloud
• Extensive Mining International Experience
• Ability to Lead and Build
• Mr. Michael Shea
• 25 Year Corporate Finance Experience
• Bank of America, Citigroup, GE Capital
• Investor Interface
• Mergers Acquisitions
• Restructuring

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7. Transaction Overview
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Transaction Overview

• Market Reaction was favorable to change of
  management (8/24/09)
• Current Share Price Includes Acquisition
  Potential
• Share Price holding despite sell side pressure
  from Hogg Logician
• Market waiting for details of the contemplated
  Merger

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8. Contact Information
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Business Overview

• Garold Gerry Spindler
• CEO
• [phone]
• gspindler_at_zeoxcorp.com
• Michael Shea
• CFO
• [phone]
• mshea_at_zeoxcorp.com

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