(A Delaware Corporation-Symbols: ZNXT/ ZNXPP) (Common- CUSIP# 98975U 108 & Preferred: CUSIP# 98975U 405)

ReOrganizational Name Change To

PEARL Asian Mining Industries, Inc. Inc. (Philippines Corporation: Common CUSIP# Y6804H 126 & ISIN# PHY6804H 1261) (Canada Corporation: Common CDS # 704752401 & ISIN # CA704752 4011) BRIEF OVERVIEW ZNEXT Mining Corporation, Inc (Stock Symbols: ZNXT & ZNXPP), was incorporated in Delaware, is a US Publicly traded company, currently engaged in gold, silver and other mineral mining exploration, development, processing and refining of gold ores and marketing of these viable commodities. ZNEXT Mining, whose main mining operations are based mostly in the Philippines, currently focuses primarily in the small scale mining operations and the production of gold, silver and other precious metals. ZNext Mining Corporation has never been a dormant or shell company, has been in operation since 2004 when it acquired its first asset and has been actively pursuing its original business plan since incorporation. The company is an international junior mining company engaged in the exploration and the development of existing as well as new and underdeveloped mineable sites. 1.

March 8, 2009 ~ Buy Out of the 100% controlling interest of the Majority shareholder / Founder- Elvira Gamboa by RJH Industries with original intention to become AZHA Mining Company, as a mining division of RJH Industries, however, due to complications, RJH Industries as controlling shareholder, decided to re-domicile ZNXT back to the Philippines into its prior incorporation as PEARL Asian Mining Industries, Inc.

2.

March 13, 2009 ~ a Corporate Reorganization Action was passed by the Board of Director’s through a Special Board Meeting with the consent and approval of the majority of shareholders. ZNEXT Mining Corporation passed the corporate resolution to change the country of jurisdiction back to the Philippines & Canada as PEARL Asian Mining Industries, Inc and as part of these Corporate Actions, ZNEXT Mining was dissolved from the State of Delaware and became a Philippines Corporation.

The surviving company changed the Country of Jurisdiction back to the Philippines and Canada named PEARL Asian Mining Industries, Inc. “ZNext Mining Corporation Inc. (Symbol: ZNXT)” and its predecessors has NEVER been an SEC Reporting Company since inception. ZNext Mining Corporation Inc. is striving to become one, that in 2007 ZNext Mining obtained its CIK #000 1317716 and its Certificate CID #2005-00497110 in preparation to registration with the U.S. Secretary Exchange Commission. Pearl Asian Mining Industries Inc has been registered with the Philippines SEC (Registration # CS 200406023) since 2004. ZNext Mining Corporation Inc. (Symbol: ZNXT)” is NOT a shell company, therefore the exemption offered pursuant to Rule 144 is available. Anyone who purchased securities directly or indirectly from us or any of our affiliates in a transaction or chain of transactions not involving a public offering can sell such securities in an open market transaction. ZNext and its predecessor Pearl Asian Mining Industries, Inc. is an Issuer since 2003 that has mining operations, has extensive mining interests and real estate assets besides cash and cash equivalents. It had over 30 employees, comprising of skilled and unskilled consulting laborers, and had produced gold products from 2006 and 2007 during its extensive mining explorations and operations. 3. October 15, 2009 ~ ZNEXT Mining Corporation changed country of jurisdiction back to the Philippines & Canada as PEARL Asian Mining Industries, Inc soon after the purchase by RJ Industries of the controlling interest from the Majority Shareholder / Founder, Elvira Gamboa. ZNext Mining Corporation was assigned the 100% Mining Interest of the Pearl Asian Mining- Philippines’ “Mineral Production Sharing Agreement (MPSA)” interests, that is equivalent to the Large Scale Mining Permit in the US & Canada. The MPSA has been on file in the Region V of DENR-MGB (Department of Environmental & Natural Resources/MinesGeoScience Bureau) since October 24, 2004. Also included in the company’s current assets are: (1) Gold, silver & other mineral claims (2) The Gango Gold Rush’s Gold Processing plant (3) Several gold mining tunnels (4) All office furniture, computers, vehicles (5) Mining equipment. Furthermore, in lieu of being acquired by AZHA Mining, the rights and assignment to the AZHA Mining name and its web site and mining operations belong to ZNEXT Mining /PEARL Asian Mining Industries, Inc. – Philippines. NOTE: the buyout and acquisition of the controlling interest of the founding, former owner, that was the majority shareholder of ZNEXT Mining, a Delaware Corporation, took effect on March 8, 2009, which was prior to the name change back into “PEARL Asian Mining” company.

The CORPORATE RESOLUTIONS stated that: (4). The ZNext Mining Delaware Corporation’s Certificate of Dissolution was filed and became effective on March 13, 2009. (5). All the ZNEXT Mining COMMON Shares (Symbol: ZNXT) are to be converted into the common shares of PEARL Asian Mining Industries, Inc., a Philippines corporation (CUSIP # Y6804H 126 & ISIN # PHY6804H 1261) at a Ratio of 50 ZNXT Common Stocks : 75 PEARL Common Philippines Shares (25 Unrestricted PEARL and 50 Restricted PEARL). (6). All the ZNEXT Mining PREFERRED Shares (Symbol: ZNXPP) are to be converted into the Common shares of PEARL Asian Mining Industries, Inc., a Canadian Corporation, holding the company’s Canadian mining interests (CDS# 704752401 : ISIN # CA7047524011) at a Ratio of 1 ZNXPP Preferred Share: 10,000 PEARL Common Canada Shares. II. June 12, 2009 ~ The SEC brought a civil lawsuit against ZNEXT Mining Company and its Founder. On December 1, 2009, the new members of the company sent a letter to the SEC Counsel for an expeditious settlement against the former ZNXT Management’s Actions but not on behalf of its Founder. The SEC responded showing an interest in settling although Znext was in default in answering the suit. These corporate actions resolve one of the issues raised by the SEC wherein the SEC claimed that Znext owned no interest in Pearl Asian Mining Industries, Inc (Philippines) and in reincorporating back to the Philippines it will protect the Znext shareholders, insuring all shareholders’ interest in the Philippines mining operations that Znext reported having an interest in, and what was not known to the SEC, that Gamboa had already assigned all of her interest in Pearl Asian Mining Industries, Inc., a Philippines corporation, to Znext Mining (symbol ZNXT). Current management does not anticipate that this legal action will have any negative impact on the company’s mining exploration, operations or developments in the Philippines; that the company is currently an active mining operation by the current managing officers and board of director members.

I- FORMATIVE MINING DEVELOPMENT & EXPLORATION 2003 & 2004 1. March 17, 2003 ~ the original predecessor of ZNext Mining, a Delaware Corporation was Pearl Asian Mining Industries, Inc. a Philippines Corporation, that was founded as a private Philippines domestic small scale mining operation. Pearl Asian’s original owner (Elvira Gamboa) realized the intensive capitalization needs to finance the exploration of its small scale mining located in Aroroy, Masbate so she opted to take her private company public, thus to be traded in the US Stock Exchange. The idea and business plan for this private company to become a public company was well thought through, to obtain investment funds in capitalizing and financing the highly intensive capitalization needs of this industry: mining exploration, development and production.

2. A Canadian Investor, Sandy Winick became interested in Pearl Asian’s Gold Mining Operations in Aroroy, Masbate, entered into an Agreement with the Founder to take her private company public, thus assisting in the exploration and development of her mining company; capitalizing on the booming and emerging gold mining industry in the Philippines in 2003.

April 8, 2003 to December 11, 2004 ~ Pearl Asian Mining Industries, Inc., was born, incorporated in the City of Toronto, Province of Ontario, Canada –became a Publicly Traded Company with Stock Symbol: PAMJF 3. April 8, 2003 ~ A Memorandum of Agreement (MOA) between the Canadian Investor- Sandy Winick and the Pearl Asian via - Elvira Gamboa, owner of the local private small scale mining operations includes the following: Issuance of the 60,000,000 Restricted Common Shares of “Equity Retirement Canadian Fund Stocks” in the name of Pearl asian Mining Industries, Inc., plus the initial financing needs of $50,000 USD. In consideration to this Agreement, the Canadian Investor to have 1 seat as a Board of Director and was issued One Million (1,000,000) Restricted Common shares of the Corporation. The original capitalization was a legal transfer of 21.07 acres of free and clear Hawaiian land. 4.

April 25, 2003~ “Pearl Asian Mining Industries, Inc.” was incorporated in Toronto, Ontario, Canada. Subsequently, Pearl Asian Mining Industries, Inc.–Canada Corporation, was re-domesticated in the Philippines, in order to be able to do business as a Foreign Corporation in the Philippines. Although Mr. Winick failed to mention in his filings with the SEC of Canadian American Holdings Company, Pearl Asian Mining Industries already had a functioning business plan before the spin off, and the initial capitalization. Again, ZNext and/or its predecessors never became a shell.

5. Jan. 8, 2004 ~ Pearl Asian Mining Industries, Inc (Symbol: PAMJF) acquired 100% of Western Pacific Minerals, Ltd. (WPML) having the original 49 Silver Mining Claims in B.C., Canada, as added asset to the company. These assets were acquired in exchange for 17.5 Million Restricted Common Shares of Pearl Asian Mining – Canada (Symbol: PAMJF). 6. March 17, 2004~ “Pearl Asian Mining Industries, inc.” –Philippines, a foreign private issuer corporation, by its former 88% majority Shareholder, Founder, Owner and the Chairman of the Board, Elvira Gamboa, assigned and issued an irrevocable and unconditional Assignment of all of her Rights, Title and Interest in Pearl Asian Mining Industries, Inc (a Philippines corporation) to Pearl Asian Mining Industries, Inc (a USA Publicly Traded Corporation) and to be binding to all of its successors even though Philippines’ Law may have mandated only a maximum of 40% Interest to be allocated or assigned to foreign entities. This Assignment of Rights followed as a result of Pearl Asian Mining Industries reincorporating from Canada to Oregon, USA, with the Founder’s intent that the publicly traded Pearl Asian Mining Industries always beneficially own her record, and/or beneficial interests in the Philippines- Pearl Asian Mining Industries, Inc’s shares and assets. This mandated and enabled the USA publicly traded Pearl Asian Mining Industries, Inc to always exercise full control over the (Philippines) Pearl Asian Mining Industries, Inc. 7.

April 21, 2004~ Pearl Asian Mining Industries, Inc.” – Canada (Symbol: PAMJF) changed domicile, re-incorporated in the State of Oregon, U.S.A. with a Stock Symbol: PRMN. The corporate action was resolved and passed: change of jurisdiction from Canada to Oregon with a 1 for 5 Forward Split Ratio: that for every 1 common share of Stock Symbol: PAMJF is to increase by 5 common shares of Stock Symbol: PRMN- a Forward Split. Pearl Asian Mining Industries, Inc. – Oregon Corporation (Symbol: PRMN); Increased the Total Authorized Common shares to 250,000,000.

8. April 22, 2004~ after almost a year from when the Incorporation Application was made, Pearl Asian Mining Industries, Inc became a duly registered and recognized mining corporation with the Philippines Securities and Exchange Commission. The Pearl Asian became a legal and duly recognized corporation, incorporated in the Republic of the Philippines named as “Pearl Asian Mining Industries, Inc.” Philippines SEC Registration # CS 200406023. 9. May 1, 2004~ Mr. Sandy Winick infused the second funding of $200,000 USD into the company for the mining development. The funds were used to obtain the initial gold and other mineral assay reports, paid the working operations, salaries, application fees, legal permitting and all other necessary licenses to become an operative legal mining corporation of the Philippines. The $100,000 USD funds infused to Pearl Asian Mining – Philippines was used to acquire the “650 tpd Gold Processing - Refining Plant” and the mining interests from Benguet Gold Mine in their Paracale Gold Mine Jose Panganiban Project that included gold and mineral explorations located in Camarines Norte, Philippines. Mr. Winick subsequently sold all of his shares of the company, and has no continuing interests therein. 10. June 18, 2004~ Pearl Asian Mining Industries, Inc, - Philippines leased and moved to its first official corporate office located at 1903 West Tower, PSE Centre, Philippines Stock Exchange, Ortigas Ave., Pasig City, Philippines. 11. September 30, 2004 ~ Pearl Asian Mining Industries, Inc, acquired but later transferred to all of its shareholders as Stock Dividend in shares of Western Pacific Minerals Ltd. Share for Share to all Pearl Asian Mining Industries, Inc, Oregon (Symbol: PRMN). 12. October 4, 2004 ~ Pearl Asian Mining Industries, Inc, - Philippines completed and applied for its first large Scale Mining Permit –called MPSA (Mineral Productions Sharing Agreement), after it had acquired other mining Interests and Assets in Baleno, Masbate, south of Aroroy, Masbate Island Province. An estimated cost of over $80,000 USD was initially infused by the investor into the company to process the MPSA: a. Pearl Asian Mining Industries, Inc entered an agreement to share the net gold and other mineral production profits with the Philippines National government as a part of the issuance of a large scale mining permit called Mineral Production Sharing Agreement (MPSA) that ranges from 1% to 3% net distribution profits. The Philippine government allows all mining companies at least a minimum of 5 years+ of tax exempt holiday benefits, allowing the company to become fully productive and profitable. The government approval is mandatory. b. Since 2004, Pearl Asian Mining Industries, Inc has had on file the MPSA with the Region V – Bureau of Mines & Geo-Sciences and DENR (Department of Environmental & Natural Resources). c. The MPSA Application was filed on October 4, 2004, and is currently on the final stage for certification, to be signed by the Secretary of the DENR. The local MGB Region V where the XYZ Mine Site is located had already approved the applications with all its complete and strict compliance, both on the Safety & Environmental Issues and concern for the protection of the community and its indigenous people.

DETAILS OF THE MINING CLAIMS i. MPSA Application # APSA-0003200-V, a total Area of 752 hectares (1,857 acres) in Baleno, Masbate Island, Philippines. ii. EXPA Exploration Permit # EXPA-000041-V, a total Area of 1,100 hectares (2,717 acres) of land in Baleno, Masbate Island. iii. Exploration of XYZ Mineral Deposits, total Area of 1,128 hectares (2,786 acres). 13. December 14, 2004 ~ Pearl Asian Mining– Oregon Corporation (PRMN) acquired an additional 200,000,000 shares of Western Pacific Minerals and traded those 200,000,000 common shares (40%) of the WPML for 500,000,000 common shares of Mellon Research Company (Stock Symbol: MLON) for a MLON Stock Certificate bearing 500,000,000 Common Shares, booked at the cost of $5,000.00. The company only transferred to MLON the 200,000,000 Shares or 40% of the issued and outstanding shares of the Western Pacific Minerals Ltd that owned the 49 Silver Mining Claims at Slocan Area, BC, Canada. Furthermore, MLON now PYCT does not own Pearl Asian Mining and MLON was never involved in the management, ownership or operations of Pearl Asian Mining Industries, Inc. Prior to that trade of Western Pacific Minerals, Ltd, Pearl Asian spun off to its shareholders the other 60% of the issued and outstanding shares of Western Pacific Minerals, Ltd. As a result of the spin-off, Western Pacific (OTC: WPMLF) (CUSIP: 959140104) had more than 1,000 beneficial shareholders in common with PAIM.

2005, 2006 & 2007

Secretary of States ReRe-Instatement, ReRe-Activation & Revival Of Pearl Asian Mining Industries, inc. Corporation, Inc. (Symbol: PAIM)PAIM)- State of Wyoming from 09/29/2005 and 07/03/2 07/03/2008 1.April 14, 2005 ~ Pearl Asian Mining changed domicile to the Republic of the Philippines with the Stock Symbol: PRLGF. This carried all the current outstanding shares of 30, 044,316. 2.November 22, 2005 ~ SSMP – Small Scale Mining Permit, (Permit No. 005-05 O.R. No. 1956032 D, for a total Area of 20 hectares (49 acres). The SSMP has been approved, signed, certified and issued by the local government of the Island of Masbate. 3.January 26, 2006 ~ Pearl Asian Mining changed domicile to the State of Wyoming, U.S.A.- New Stock Symbol: PAIM having an Unlimited Authorized Common and Preferred Shares. Effective January 26, 2006, the total number of common shares of the Wyoming Corporation Symbol: PAIM increased from 1 common share to 1,000 common shares Forward Split. The total Outstanding Common Shares of PAIM was 30,044,316,000 at that time.

4.March 17, 2006 ~ Pearl Asian Mining – Wyoming Corporation paid and issued Preferred Shares dividend with a Par Value of $0.00000001 to shareholders: that for every 1 Common Shares of PAIM bought on or before XDividend Date of March 15, 2006 received a 1,000 Preferred Dividend. The company’s record date was March 17, 2006. The Company’s pay date was March 31, 2006. NASDAQ set the X-Dividend Date to March 15, 2006. 5.June 15, 2006~ By a Corporate Resolution to reduce the total number of float, Pearl Asian (PAIM) resolved to complete a 90% Buy Back of the Issued & Outstanding Common Share or approximately 27,000,000,000 Common Shares using a Convertible Debenture payable at $0.001 par value at maturity of 5 years, with no interest. However, the Convertible Debenture (CD) is convertible to Common Share at any time during the 5 years for a price of $0.01 per share subject to reverse splits. NASDAQ was notified and agreed that they will not set an XDate for this exchange. The DTCC & CUSIP Bureau were also notified of this automatic and mandatory Corporate Resolution. Completion of the 90% Buy Back was on Sept. 1, 2006. 6.September 13, 2006 ~ the company completed a Regulation D 504 Private Offering to an accredited investor group. The Company raised less than One Million US Dollars during any year and was no longer selling shares of its common stock to the accredited investor during that year. The limit to any such offering is $1 million in the trailing twelve months. An SEC Form Reg D was supposed to be filed with the US Securities and Exchange Commission, disclosing that the company raised just under $1 million dollars during the year 2006. However, the company SEC’s lawyer said it wasn’t necessary under $1 million and Anthony Val Gary Gotanco, the then assigned V.P. / Business Development and Investor Relations Officer failed to complete the assigned and completed Reg D report to SEC although he was responsible for same. Instead, this disgruntled officer decided to maliciously report false information to the USA SEC, with the intention to destroy the Pearl Asian Mining company and its Founder, Elvira Gamboa. Mr. Gotanco who had the intention to take over the company, also demoralized other company employees to turn against the Founder, in an attempt to complete his planned takeover. Thus, the company understands that the malicious character assassination of Anthony Val Gary Gotanco led to the June 12, 2009 SEC Allegations against ZNext Mining and its Founder. A false report, based on the false allegations, made by a reporter, Mr. Jamison stating that the company’s founder made over $5.4 Million Dollars and took the cash are absolutely false as no such records exist. The company’s records do not reflect that The Company’s Founder pocketed any amount nor did she ever take funds from the company, but to the contrary always supported the company financially. Based on hearsay, these allegations and news report are absolutely wrong and have no basis at all, whatsoever. On the brighter side of the Reg D funding: the completed funding assisted Pearl Asian Mining in providing the rapidly increasing needs of working capital in the development of its mine sites’ infrastructures, such as access roads towards the Binasan gold mine site project, engineer’s staff housing, dining hall, a health, learning & meditation centers. The funds were also used to pay salaries, telecommunications, travelling and other direct and indirect overhead costs. The funds were most importantly used in the acquisition of all the necessary mining equipment, power generator set, tractors, off – road vehicles, company vehicles, the on-site metallurgical & chemical Laboratory on its Gango Gold Processing Plant located in Gango Gold Rush Gold Mine Sites and rehabilitation of the gold tunnels. Some funds were also allocated in the feasibility studies of XYZ Gold Project, Binasan Gold Project and the Gango Gold Rush Gold Project. The funds also helped in acquiring its Manila Corporate Head Office near the US Embassy, as well as the Corporate & Guest Housing facility. The rumor that

the Head Office was foreclosed on is false, as the property was sold back to the prior owner in order to have additional funds to move mining operations forward. 7.December 21, 2006~ Pearl Asian Mining was registered and started to trade in the Frankfurt Stock Exchange in Germany under a German Symbol. The Board passed the resolution and the corporate decision was made due to the increasing interests among its growing European Shareholders and the desire of the company to expand globally, however, the listing was terminated on the Frankfurt when the company underwent the 500-1 reverse split and name change to Znext Mining.

2007 & 2008

ReRe-instatement of ZNext Mining Corporation (Symbol: ZNXT)ZNXT)-State of DelawareDelaware- 07/03/2008 1. January 29, 2007 ~ Pearl Asian sold all its oil-related interests to Philippines Royal Oil & Alternative Energy Co.., Inc. (formerly Philippines Gold Mining Corporation). The Board passed a resolution granting a stock dividend of 1 PGMC/Phil Oil (Restricted Under Sec Rule 144) common share for every 100 common shares of PAIM held on record date of February 26, 2007. Payment date was March 31, 2007. PGMC/PROL acquired the crude oil assets of Pearl Asian Mining Industries, Inc, in the Island of Calatrava, Negros Occidental. Philippines. PGMC entered into an agreement with Pearl Asian Mining Industries, Inc. (PAIM) to acquire PAIM’s interests and assets on oil; thus pursuing the oil exploration, drilling and production in Calatrava, Negros Occidental Island. Since these were controlled by the Pearl Asian Mining – Philippines, Philippines Royal Oil & Alternative Energy, Inc. (Symbol: PGMC) bought the oil assets, coal and natural crude oil production interests from Pearl Asian Mining Industries, Inc by paying to all Pearl Asian Mining’s shareholders with the Restricted Common Stock of PROL at a ratio of~ 100 PAIM: 1 PROL (Restricted Common) Stock: that for every 100 Common Shares of PAIM Stock to receive 1 Restricted PROL Common Shares. 2.February 26, 2007 ~ Was the Record Date- In exchange for the oil assets, Philippines Gold Mining Corporation acquired the oil interests of Pearl Asian Mining Industries, Inc. PROL paid restricted common shares to the Pearl Asian Mining Shareholders at a ratio of 100 PAIM : 1PROL; that one (1) Restricted PROL was paid for every one hundred (100) of PAIM, that were held on record date of Feb. 26, 2007. The pay date was March 16, 2007. The 1 PROL common shares were issued per 100 PAIM Common shares, Payment Date 3/16/07. NOTE: Philippines Gold Mining Corporation (Symbol: PGMC) or Philippines Royal Oil & Alternative Energy, Inc. (Symbol: PROL) is NOT a subsidiary or a division of Pearl Asian Mining Industries, Inc. Furthermore, PGMC & PROL were not spun out from Pearl Asian Mining Industries, Inc. or ZNext Mining Corporation, Inc. 3. June, 2007~ Jason Piamonte was appointed as the CEO of ZNXT Mining Corporation, Inc. He served as the CEO, until the appointment of Engr. Ricardo Bernardo as the new CEO effective immediately when CEO Piamonte went on a Sabbatical Leave of Absence on September 15, 2008. 4. July, 2008, The CEO suffered an illness that inhibited him from performing his duties, including the filing and updating of the corporation actions and filing of taxes in the State of Delaware Franchise Tax Board. As a result the company’s corporate status was suspended temporarily until past due reports were filed and made current and cleared.

4. August 2, 2008 ~ the Founder/ former owner, Elvira Gamboa had been afflicted with a nearly fatal disease (Sub-Arachnoid Type 3 Aneurysm) due to the stress inflicted upon the company and its employees by the disgruntled past Officer and Director of Pearl Asian Mining, Anthony Val Gary Gotanco. 5. July, 2007 to December, 2008~ The character assassination of the company’s founder by Anthony Val Gary Gotanco and the spreading of false rumors thus brought down the morals of the company’s employees, and these circumstances led to the past management’s misdirection and failure to file franchise tax, as well as the failure by the management to update and to notify the States of Jurisdictions of Wyoming and Delaware Corporation Division on a timely basis. This also included the failure to notify MDI Nasdaq due to lack of knowledge and understanding, and the negligence of past Officers and Directors. ZNext Mining Corporation temporary lost its Delaware corporate status. Despite that, the remaining loyal mining employees continued to operate the small scale mining operations in Gango Gold Rush, the XYZ and Binasan Gold Projects. As part of the re-instatement of the corporation, the officers and directors of the re-instated corporation under proper authority of the shareholders held a special meeting, appointed the new officers and empowered the new board members to act on behalf of the company. The appointed officers and elected directors filed the Reinstatement of the corporation in the State of Wyoming. The company’s new management team submitted the application for re-instatement, to correct the default, paid all fees, other penalties and taxes due, if any, then these were filed with the Secretary of State of Wyoming. Furthermore, the newly appointed Board of Directors of ZNXT also updated the list of the officers and directors, paid the necessary fees, taxes and penalties that were due; then filed the updated information in the books and records of the corporation in the State of Delaware. The change of state or domicile and jurisdiction of Pearl Asian Mining Industries from the State of Wyoming to the State of Delaware was completed. The reinstatement of the corporation was obtained under relevant statutes of the Delaware and Wyoming Business Practice and Remedies Code. It was from the new management’s understanding of the information gathered, that ZNEXT Mining Corporation Inc. (Stock Symbol: ZNXT), Wyoming Corporation moved the state of jurisdiction to the State of Delaware with the approval of the majority of its shareholders, was acted upon per advise of the company’s legal counsel in order to clean up the massive stocks floating. The intention was to reduce the total authorized stocks of both common and preferred from Unlimited to at least under one hundred million (100,000,000) and to reduce the issued, outstanding shares by doing the reverse splits on both common and preferred stocks. 6. November 19, 2008 Engr. Ricardo S. Bernardo retired from office. Randolf Villanueva became the newly appointed CEO/President.

2009 to PRESENT

Dissolution Dissolution of ZNext Mining Corporation (Symbol: (Symbol: ZNXT)ZNXT)-State of DelawareDelaware- 03/13/2009 Reincorporating back to the Philippines Philippines and Canada and back to the name PEARL Asian Mining Industries, Inc. 1. January 28, 2009 ~ All the prior officers and directors of ZNext Mining resigned and left the company. Randolf Villanueva relocated to pursue higher education, resigned, and was replaced by the appointment of Engineer George Faustino Carpio Jr. as the new CEO/ President 2. March 8, 2009 ~ ZNEXT Mining Corporation, (Symbol: ZNXT) underwent a Corporate Re-organization with the appointment of George Faustino Carpio Jr. as the CEO/ President for ZNext Mining Corporation Inc. The former majority shareholder- founder, Elvira Gamboa due to health issues sold all of her interests and holdings to a local Philippine land claimant of AZHA Mining, the mining division of RJH Industries. The terms of the operation and business plan of the ZNext Mining Corporation Inc. (Stock Symbol: ZNXT) includes the final procurement of the Large Scale Mining Permit called MPSA; the addition of the copper floatation enhancement machine to the existing Gold Processing Plant; the Gold Ores gathering from its existing gold tunnels in Bukidnon; the development of AZHA Mining’s Compostela Small Scale mining operations; and the final development and final exploration of the XYZ Gold Project. 2.March 17, 2009~ the company’s special corporate actions, a Re-Organization included the following: (1) a change of name, (2) a change of country domicile and Jurisdiction, (3) the appointment of new officers and directors and (4) the keeping of the same transfer agent. 3.June 23, 2009~ finally ZNEXT Mining Inc. was able to revive and re-instate its Delaware corporate status by paying the 2007 and 2008 Annual Franchise Tax in the State of Delaware. By a Special Corporate majority decision, consent and approval of the majority shareholders, the Board appointed Engr. George Faustino Carpio Jr. as the CEO, filed and updated the Delaware Filings and paid the Delaware State Franchise Tax. 1. The Revival and Re-instatement of the corporate status of ZNEXT Mining Corporation in the State of Delaware enabled the company to go back to the Republic of the Philippines as PEARL Asian Mining Industries, Inc. These corporate actions will benefit all the shareholders and investors to obtain the full 100% interests of the net profits, thus benefitting all the current existing 5,000+ current ZNXT shareholders and future shareholders. 2. PEARL Asian Mining Industries, Inc is the current name of the company. PEARL Asian Mining Industries - Philippines as a part of the reincorporation is increasing all the Common Shareholders of ZNext Mining CorporationDelaware with a ratio of 50 ZNXT: 75 PEARL Mining Common stocks held on record date of November 18, 2009. These 75 common stocks of PEARL Asian Mining are allocated as follows: 25 Unrestricted and 50 restricted common shares. The distribution date was set on November 30, 2009, but pending FINRA

issuance of new symbols. The reorganization is NOT a typical forward or a reverse split, and while a 50% increase in shares, it is also a 50% decrease in the float when effective. There will be no fractionated shares; they are to be rounded up to the nearest whole number. ZNXT Shareholders holding 75 or less are rounded up to receive the minimum of 75 PEARL Mining common shares. 3. PEARL Asian Mining Industries, Inc. - Canada Corporation is exchanging all the Preferred Stock of all the Preferred Shareholders of ZNext Mining CorporationDelaware with a ratio of 1 ZNXPP: 10,000 common shares of PEARL Asian Mining Industries, Inc- a Canadian corporation -held on record date of November 18, 2009. This Preferred Stock Exchange is a Mandatory Exchange.

BRIEF SUMMARY: * PEARL Asian Mining Industries, Inc and ZNext Mining Corporation have valid and verifiable mining assets, PEARL Asian Mining has existing gold processing and refining plants, existing gold tunnels in their several gold mine projects, with feasibility studies done indicating the proven gold reserves since Pre-World War I. The company had produced and sold gold and some silver during their mining operations from 2006 to 2008. * From 2004 to 2008- Pearl Asian Mining Industries (PAIM)/ ZNext Mining Corporation (ZNXT) does not have any default on any loan, leases or other indebtedness or financing arrangement requiring the issuer to make payment thereon. Nor is there any change of control; No increase in 10% or more of the same class of outstanding equity securities, other than has been described above. No de-listing of the Issuer’s securities in any exchange or NASD. * Pearl Asian/ ZNext mining bought and sold some raw gold ores from the small scale miners, besides mining the existing tunnels, trenches and placer gold from its own mining claims in the Gold Mine Site. * Pearl Asian Mining Industries, Inc. entered into an agreement to share the net production profit with the Philippines National government as a part of the issuance of a large scale mining permit called Mineral Production Sharing Agreement (MPSA) that ranges from 1% to 3% net distribution profits to the government. The Philippine government gave all mining companies at least 5 years of tax exempt holiday benefits, allowing the company to become fully productive and profitable. The government approval is mandatory. * Since 2004, Pearl Asian Mining Industries, Inc. has had on file with the Region V – Bureau of Mines & GeoSciences and DENR (Department of Environmental & Natural Resources) the MPSA Applications filed and, is currently on the final stage for certification, to be signed by the Secretary of the DENR. The local MGB Region V where the XYZ Mine Site is located already approved the applications based on its complete and strict compliance, both on the Safety & Environmental Issues and concern for the protection of the community and its indigenous people.

SUMMARY OF THE FOLLOWING MINING ASSETS: 2005 Mineral Claims: 1. MPSA Application # APSA-0003200-V, a total Area of 752 hectares (1,857 acres) in Baleno, Masbate Island, Philippines. 2. EXPA Exploration Permit # EXPA-000041-V, a total Area of 1,100 hectares (2,717 acres) of land in Baleno, Masbate Island. 3. Exploration of XYZ Mineral Deposits, total Area of 1,128 hectares (2,786 acres). 4. SSMP – Small Scale Mining Permit, (Permit No. 005-05 O.R. No. 1956032 D, for a total Area of 20 hectares (49 acres)- On November 22, 2005, the SSMP was approved, signed, certified and issued by the local government of the Island of Masbate . 2006 Mineral Claims Working Alliances with the Indigenous People & Small Scale Miners: 1. SSSMP- Special Small Scale Permit for a total of 20 hectares (49 acres) in the Binasan Gold Mine Site issued on August 9, 2006 in the name of KAHIB- the organized local Higaonon Tribe Group, the indigenous people claimants of ancestral land, rich with gold and other minerals, entered into a joint venture working alliances with ZNEXT/ Pearl Asian Mining Industries, Inc. 2. SSMP – Gango Gold Rush 58 hectares (143 acres) – a Small-Scale Mining Area (Minahang Bayan), the Provincial Government declaration gold rush site. A working alliance - joint venture Mining Agreement was signed between Orogano Producers Cooperative (OROGAPCO) and the Pearl Asian Mining Industries, Inc., The OROGAPCO has been operating in Manlauyan, Gango, Libona, Bukidnon. 3. Special Permit to Extract 3,000 metric tons Manganese (Mn) issued to Pearl Asian’s joint venture partner Mr. Eduardo Mondarte in Barangay Telim, Calatrava, Negros Occidental. 2009 Mineral Claims & Working Alliances with the Indigenous People & Small Scale Miners: 1. About 3+ hectares of a rich gold mining site in Compostela Valley 2. About 197 hectares of ancestral land rich in gold located in Libona Bukidnon