Special Shareholders’ Meeting

Itronics Inc.March 31, 2006

Meeting Outline

• Welcome and Introductions

• Business Meeting – Election of the Board of Directors– Ratification of accountants– Share approval

• Company Results and Outlook

• Questions and answers

Safe Harbor Statement

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This presentation contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this presentation are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Introductions

Business Meeting

•Approval of nominees to the board of directors

•Ratification of the selection of Cacciamatta Accountancy Corporation as independent auditors

•Ratification of the amendment to the Company’s Articles of Incorporation increasing authorized share capital

Company Results and Outlook

Dr. John W. WhitneyFounder, President, Chairman

Financial Report

Financial Positionand

Results of Operations(Nine months 2005)

Itronics’ Summary Balance Sheet

ITRONICS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(thousands of dollars)

Sept 30, 2005Dec. 31,

2004ASSETS

Current Assets 1,650$ 934$ Plant and Equipment, net 3,022 3,134 Other 413 80

Total Assets 5,085$ 4,148$

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities 8,128$ 4,163$ Long-term Debt 546 2,548 Stockholders' Equity (3,589) (2,564)

Total Liabilities and Equity 5,085$ 4,147$

Itronics’ Summary Income Statement

Sept. 30, 2005

Sept. 30, 2004

Dec. 31, 2004

Revenues 1,111$ 1,323$ 1,720$ Cost of Sales 1,193 1,372 1,688

Gross Margin (82) (49) 32

Operating Expenses 1,903 1,768 2,439 Other Expenses (Income) 1,047 466 433

Loss before Income Taxes (3,032) (2,283) (2,840) Unrealized (Loss) Gain on Securities (12) (344) (384)Net Loss (3,044)$ (2,627)$ (3,224)$

Average shares outstanding (1,000s) 187,671 136,715 141,941

Loss per Share (0.016)$ (0.017)$ (0.020)$

ITRONICS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED INCOME STATEMENTS(thousands of dollars)

The Problem -- SILVER

• Photowaste put into the sewer systems or into waterways is a major concern

• Soluble silver is not toxic– To humans– To animals– To plants

• Soluble silver IS TOXIC– To fish– To bacteria

Beneficial Use Photochemical Recycling

Photo-ImagingProcessor

Solution Pick-up and Delivery Services

Recycling, Inc.

X Treatment Plant

Benefits:

Improved Biosolids

Compliance with NPDES Limits

Rivers

Itronics

GOLD’n GRO® Fertilizer Silver

X

Recycling, Inc.

Photo/Medical/Industrial Waste

80% volume reduction

Licensed Processing Facility

Itronics’ Business Model

• The company generates three basic revenue streams

• Paid to transport and process raw material • Recover, refine, and sell the silver on the open

market• Manufacture and sell GOLD’n GRO® fertilizers

and Guardian– Base liquid– Chelated Micro-nutrients– Chelated Multi-nutrients– Developing GOLD’n GRO® Guardian, a deer repellent

fertilizer

Itronics’ Environmental Advantages

• Converts toxic waste to usable products:– Zero discharge facility – consume all input products

• Fertilizer from liquid portion of separation• Silver extracted from solid portion• Solid residual can be converted to non-toxic tile products

• Reduces run-off and ground water contamination problems due to reduced fertilizer consumption

• 90% reduction in the amount of zinc metal needed-soil residuals and accumulation eliminated

Itronics’ Technology Benefits

• Fertilizer is 1.5 to 3 times more effective than other products– More economical for farmer

• Crop production is increased by up to 40%

• Lower salt index than other products

Itronics’ Business Advantage

• Significant entry barriers: – Specialized EPA, State, City, and County hazardous waste

permits required– Each fertilizer must be registered in each state in which it is sold– Long lead time required to develop and test similar technology

and fertilizer products; up to10 years for each fertilizer product – Up to 5 years to develop a product– Up to 5 years to commercialize a developed product– Itronics did 10 years of field evaluation before getting clearance

for use on food crops– Liquid fertilizer distribution is specialized and takes long lead

time to establish

Itronics - Award Winning Creative Environmental Technology

• 2000--John Whitney was selected as Nevada’s Inventor of the Year.

• 2001--One of five finalists for the 2001 Kirkpatrick Chemical Engineering Award

• 2005--Awarded second place (IChemE), Worldwide Environmental Awards in London, England

• 2005--Awarded USA Gold at the International Green Apple Environmental Awards in London, England

• 2005--GOLD'n GRO® was named one of the top 10 new technologies representing the best of agricultural innovation by the Canadian Association of Agri-Retailers

Itronics - Recycling for the 21st Century

• Operates photochemical recycling facility in Reno

• 15 years of R&D, including 8 years of university field testing

• First GOLD’n GRO® bulk liquid fertilizer shipments in Q4 2001

• 2006 expanding GOLD’n GRO® liquid fertilizer sales to meet growing demand

• Beginning registration of Guardian product

Itronics’ Markets

Itronics Metallurgical, Inc.

---------------Photochemical

Processing

Photo-by-productFertilizer

Manufacturing

Silver Recoveryand

Refining

Current Applications:

Cotton

Fruit and Nut Trees

Grapes

Vegetables

SilverSales

Photography

X-Ray

Graphic Arts

Motion Picture

Micro Reproduction

Miscellaneous

Future Applications:

Alfalfa

Soybeans

Corn (silage)

Corn (grain)

Nurseries

Ornamental plants

Timber seedlings

The Market is GLOBAL

• Photochemistry and agricultural fertilizer are standardized worldwide

• Annual production or usage:– Photochemical waste

• ~1.5M tons

– Liquid Fertilizers • ~76M tons

– Silver• Demand for use in photography and x-ray ~180M troy oz.

How Big Is The United States Market?

• Photochemical waste ~ $140M– 500K tons

• Liquid Fertilizer ~ $2.2B– 19M tons– 8M tons of multi-nutrient– 1.3M tons of micro and secondary nutrients

• Silver ~ $550M– Demand for use in photography and x-ray

55M troy oz.

Reno Facility Capacity

• 35,000 square foot structure on 3.5 acres

• 7,500 ton annual current fertilizer capacity

• Capable of producing 36,000 tons of fertilizer

• Commenced operations in January 2000

Silver Nevada Miner

• 99.9% pure• Five troy ounces• Emblematic of Nevada’s

rich mining history• A very high quality

numismatic silver bar sold in annual editions

• Available through the Itronics web site

Distribution of GOLD’n GRO® Chelated Liquid Fertilizers

• Selling bulk wholesale through distributors– Chelated liquid micronutrients - 5 products– Chelated liquid multinutrients - 6 products

• Chelated liquid deer repellant fertilizer - 1 product (in registration)

• Consumer Fertilizers Available through the Itronics web site

Market Entry Challenges

• Established distributors and bulk retailers are focused on retention of market share with existing product

• The GOLD’n GRO® product formulations are unique and new to the industry and their safety and effectiveness requires field demonstration– introducing bulk chelation as a fertilizer material concept– introducing general use of thiosulfates for multinutrient and

micronutrient formulation– introducing general use of demetallized chemically conditioned

photographic liquids as blend components in liquid fertilizers

• Commercial fertilizer consumers are very conservative and slow to change

The Good News Is…

• Our micronutrients are producing incredible results in side-by-side field tests– Nursery plants– Turf– Sweet corn– Watermelons– Peppers– Tomatoes– Cotton

GOLD’n GRO® Produces Healthier Nursery Plants

The Key is Stronger Root Growth

Another Comparison of GOLD’n GRO® to Grower’s Standard Practice

Five-Gallon Crepe Myrtles

Comparative Sod Cuttings

Comparing the Root Growth

Improved Turf Farm Results

Field Test on Sweet Corn

Field Test on Watermelons

Field Tests on Peppers

One Happy Customer

• Dayton Valley Golf Club needed to “kick-start” its greens and tees out of winter dormancy

• Three days after applying GOLD’n GRO® 20-1-7 formulation with Iron and chelates...

What Do These Results Mean?

• Our multi-nutrient products give the farmer an important edge– Higher yields– Better quality– Improved economics

• Western Farm Service sees our products as giving them an important marketing and sales tool– New line of nutrient products– New fertilizer technology

WFS Is Integrating GOLD’n GRO® Products

• Published article in quarterly newsletter– Highlighting GOLD’n GRO®’s clean fertilizers

• Listing GOLD’n GRO® products on WFS and Agrium web sites

• Co-branding as First Choice GOLD’n GRO® - WFS house brand

• Replacing established products when possible• Integrating GOLD’n GRO® fertilizer in liquid field

blends at retail outlets

Key Accomplishments in 2005

• Registered GOLD’n GRO® products in Oregon, Washington and Idaho

• Acquired the rights to GOLD’n GRO® Guardian

• Obtained $3.25M in financing

• Resumed sales growth in Q4

GOLD’n GRO® Chelated Liquid Fertilizer Sales Are Expanding

• Sales up 45% in Q4; Up 2.1% for the full year 2005

• Chelated Liquid Micronutrients up 32% in Q4• Chelated Liquid Multinutrients up 105% in Q4

• Chelated Liquid Multrinutrient Sales targeted for 2 to 3 X increase in 2006

Itronics Silver Sales are Expanding

• Silver Sales Up 83% in Q4 2005; up 44% for the full year

• Silver recovery capacity was tripled in early 2006

• Silver sales expected to increase driven by fertilizer sales

• Developing plan to expand refining capacity • Developing pilot scale leaching project

What’s Next?

• Continue to expand GOLD’n GRO® fertilizer sales

• Register Guardian and proceed with marketing plan

• Continue to acquire financing to support growth

Geographic Expansion Plan

• Specialty Agriculture– Northeast and Southeast US

• Bulk Field Crops– Upper Mid-West US

• Nursery and Landscape (Guardian)– Northeast, Southeast and Northwest US

GOLD’n GRO® Guardian

Howland S. Green

GOLD’n GRO® Guardian Results

GOLD’n GRO® Guardian Results

GOLD’n GRO® Guardian Results

GOLD’n GRO® Guardian

Itronics is progressing in its process to register the GOLD’n GRO® Guardian product with the U.S. Environmental Protection Agency, which is currently expected to be completed some time in 2007

Voting Results

Questions and Answers

Adjourn Meeting