From the Desk of the CEO

Dwayne Fosseen, CEO

September 22, 2009

I am pleased to report an increase in activity as the launch of Mirenco technology through the Caterpillar network continues.  Two new major international mining companies have contacted Mirenco inquiring about our services within the last four weeks. We completed a MDEP baseline evaluation for one of the mining companies last week and expect the other to begin baseline evaluations in October.   A new Caterpillar distributor has begun performing MDEP evaluations and installing C-Max units for the first time with great success.  Whayne Supply continues to work with other Caterpillar dealers with the intentions to establish several Mirenco Service Providers before the end of 2009.  On several fronts, increased activity will likely make this month’s revenue the highest so far in 2009. 

Both of the two major international mining companies had been experiencing problems with high levels of DPM “Diesel Particulate Matter” in their underground mining operations.  In their efforts to find a solution to their problem both companies were referred to Mirenco by other mining companies we service.  Their discussions naturally led to a favorable conversation of how Mirenco’s MDEP evaluations and C-Max technology had been able to dramatically improve DPM levels in their mines.  Mirenco was contacted by each mine to discuss what Mirenco had to offer their mining operation.  Since then, Mirenco and Whayne Supply has had several conversations with both mines and has completed a baseline evaluation and demo C-Max installation at one underground location of one of these mines.  We believe a similar demonstration will be completed for the other mining operation in October. 

Most recently a new Caterpillar dealer has taken up the Mirenco program.  A technician has been through training, equipment has been delivered and MDEP evaluations and C-Max installations have been completed at several customer locations.  The new distributor has developed the internal personnel and has been brought up to speed with training and experience without any problems.  Mirenco technology has been introduced to their customers with a good reception.  Several locations have been evaluated and C-Max units have been installed with impressive results of fuel savings and emission reductions.  We are looking forward to additional dealers making this process become a success for them as well.

Whayne Supply continues to strengthen the dealer network as more and more dealers are contacted and begin learning how they can benefit from offering this service to their customers.  Numerous dealers have been contacted in the areas of Mirenco’s current customers and have been introduced to the Mirenco program.  Initial discussions have begun at several of these locations with a promising outlook.

Dwayne Fosseen, CEO

Mirenco Inc.