1 Mineral Enterprise Corporation Investor Presentation MINENCO

2 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.

3 Source: Mining Engineer Vol. 61 #6 June 2009 Based 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

4 Consumption increase from 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

5 92% of US production comes from Georgia Produced in 8 other US states Worldwide Kaolin Production 2007 tonnes annual world wide production 26M 29 % 13 % 10 % 7%7% 4%4% 5

6 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 6

7 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

8 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 0M0M tonnes 1 Current Assets Improved runability Better sheet gloss Improved printability Easier calendering surface

9 Optimized and Efficient Operations Open Pit Mine Degrit Pump Slurry to Plant Fine Sizing Brightness Treatment Delamination Slurry Conditioning Tanker Transport 9

10 Project Development Timeline MilestonesQ4 2009/ Complete NI (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

11 $2.2M$4.1M$4.7M Use of Proceeds $11 million Year 1Year 2Year 3 11

12 Management Dr. Milt Childers Consulting Geologist Dr. Kenneth Reid President & Chief Executive Officer Edward Chapin, Jr. Chief Financial Officer D. Quentin Smith Chief Operating Officer

13 Value Proposition Transportation Advantage High Quality Assets Simple Extraction Process Established and growing market 13

14 MINENCO Mineral Enterprise Corporation Investor Presentation