1 Mineral Enterprise Corporation Investor Presentation MINENCO.

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Mineral Enterprise Corporation

Investor Presentation

MINENCO

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Forward Looking Statements

This presentation contains forward-looking statements which reflect the current expectations of management regarding future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as “may”, “would”, “could”, “will”, “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “aim”, “endeavour” and similar expressions have been used to identify these forward-looking statements. These statements reflect management’s current beliefs with respect to future events and are based on information currently available to the Company. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking. Should one or more risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this presentation. These factors should be considered carefully and prospective investors should not place undue reliance on these forward-looking statements. Although the forward-looking statements contained in this presentation are based upon what management currently believes to be reasonable assumptions, prospective investors cannot be assured that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this presentation and will not be updated or revised except as may be required by applicable securities law.

3Source: Mining Engineer Vol. 61 #6 June 2009Based on US Kaolin Sales

Also used in pharmaceuticals, bricks, ceramics, cosmetics

Kaolin Market Facts

• One of the most common

industrial minerals

• Produced in 60 countries

• Primarily used in

the paper industry

• Coating• Filling

62%

7% 5%

3%5%

Primary uses for kaolin in the paper industry

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Consumption increase from 2003-2007

Average office worker uses

2.5 lbs of paper per week

Demand growth greater than population

growth

8%

Market Drivers

US consumption for kaolin is over 44 lbs per person per annum

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•92% of US production comes from Georgia

•Produced in 8 other US states

Worldwide Kaolin Production

2007

tonnes annual world wideproduction26M

USA China Brazil UK Korea

29%

13%

10%

7%

4%

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Supplying paper grade kaolin to the Upper Great Lakes region

The Upper Great Lakes paper mills require in excess of 1M tonnes of kaolin per year

The Opportunity

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2. High quality kaolin

3. Mining friendly

1.Access to an established market

Our Advantage

Minnesota River Valley

• 22 paper mills in Upper Great Lakes region

• Lower transportation costs

• Better colour and printability

• Local community support through Coalition for Kaolin

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indicated resources with cut-off grade of 87 GEB brightness

• 838 acres• 6 pre-production leases• 3 near surface targets• 185 core drill holes• 8 bulk samples

Tests at the University of Maine

0Mtonnes1

Current Assets

• Improved runability• Better sheet gloss• Improved printability• Easier calendering surface

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Optimized and Efficient Operations

Open Pit Mine

Degrit

Pump Slurry to Plant

Fine Sizing

Brightness Treatment

Delamination

Slurry Conditioning Slurry Conditioning

Tanker Transport Tanker Transport 9

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Project Development Timeline

MilestonesQ4

2009/2010 2011 2012

Complete NI 43-101 (Confirm historical data)

Infill drilling (200 foot spacing)

EIS

Build Lab

Lab Operations

Pilot Plant Construction

Mine Plan and Test Pit Development

Commercial Plant Design and Engineering

Test Market

Mine and Plant Design

Plant Construction

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$2.2M $4.1M $4.7M

Use of Proceeds

$11 million

Year 1 Year 2 Year 3

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Management

Dr. Milt ChildersConsulting Geologist

Dr. Kenneth ReidPresident & Chief Executive Officer

Edward Chapin, Jr.Chief Financial Officer

D. Quentin Smith Chief Operating Officer

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Value Proposition•Transportation Advantage•High Quality Assets•Simple Extraction Process•Established and growing market

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MINENCO

Mineral Enterprise Corporation

Investor Presentation