Mr. Brian Wilson reports

ZEOX CORPORATION ANNOUNCES CONVERTIBLE NOTE FINANCING

Zeox Corp. has, subject to regulatory approval, undertaken a non-brokered private placement of up to $500,000 principal amount of unsecured convertible notes. The notes will bear interest at a rate of 10 per cent per annum, have a term of one year and are convertible at the option of the holder into units of the corporation at a conversion price of five cents per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at five cents per share for a period of 20 days from the date of conversion. The company may force conversion if Zeox completes an equity financing of $1-million at 10 cents per share or more, or the closing price or the closing bid for Zeox shares is at or above 25 cents for five consecutive trading days during the term of the notes.

The net proceeds of the offering will be used by Zeox for general working capital and for anticipated legal costs in accordance with the legal remedies being pursued by Zeox as set out in the news release in Stockwatch of Aug. 3, 2010.