Itronics Inc (ITRO)

[harpe5368]

TRUE STORY.During the period of November 2009 and January 14, 2010 a total of $70,000 has been received from three investors from the private placement of 2009 Series A 10% Callable Convertible Promissory Notes. These notes are for five years and are convertible into common shares one year after the date of the note at $0.002 per share, for a total of 35,000,000 common shares. The Company may also call the notes after one year if the Company's common share price closes above $0.004 for 60 consecutive trading days.