ZNext Mining Corporation, Inc (ZNXT)

[Lantz]

ZNext Mining Provides Update on XYZ Mining Project Following Management Visit to Masbate
9:30a ET March 7, 2008 (Business Wire)
ZNext Mining Corporation, Inc. (USA OTC Common: ZNXT)(OTC Preferred: ZNXTP); (GERMANY Xetra: R1z.De)(Frankfurt: R1z.F) announced today that following a visit by CEO Jason Piamonte and investor relations director Madeleine Franco to the Philippines, the company has set forth an operating schedule and is refining a budget for activity at the XYZ mine site during the next three months (April, May and June), coinciding with the region's dry season.

Notwithstanding recent heavy rains, Piamonte and his party, with the assistance of the local indigenous people, hiked approximately 7km into the mine site and back to the main road, traversing hilly topography covered by tropical vegetation, and crossing two rivers enroute. They visited the areas on which the company expects to construct during the next several months the miners' barracks, ore stockpiling area, mill plant, field laboratory, and tailings pond necessary for exploitation of the mineral site.

Piamonte advised that following unforeseen administrative delays, the management of Pearl Asian Mining will be shepherding documents through the Small Scale Mining Permit and subsequent Mineral Production Sharing Agreement process.

"With actual production slated to begin during for the second half of June, there is much to do, including tunnel rehabilitation, mapping and sampling," said Piamonte. "Local interest in the success of our undertakings remains high, and we anticipate the full cooperation of Masbate officials and valuable assistance of the indigenous peoples," he said.