Mr. Chris Irwin reports

MAG COPPER CONSOLIDATES SHARES

Mag Copper Ltd. has filed articles of amendment giving effect to the consolidation of its issued and outstanding common shares, on a one-for-five basis.

The consolidation was approved by shareholders at the annual and special meeting held on June 11, 2015. Subject to final confirmation by the Canadian Securities Exchange, it is expected that the postconsolidation common shares will begin trading on the CSE on or about Sept. 4, 2015, under its current symbol QUE.

The consolidation will reduce the number of outstanding common shares from 78,518,628 to approximately 15,703,725. Proportionate adjustments will be made to the company's outstanding warrants and stock options. No fractional common shares will be issued pursuant to the consolidation, and any fractional shares that would have otherwise been issued have been rounded down to the nearest whole number.

Letters of transmittal with respect to the consolidation are being mailed to the company's registered shareholders. All registered shareholders will be required to send their share certificates representing preconsolidation common shares, along with a properly executed letter of transmittal, to the company's registrar and transfer agent, Capital Transfer Services Inc., in accordance with the instructions provided in the letter of transmittal. Shareholders who hold their common shares through a broker, investment dealer, bank or trust company should contact that nominee or intermediary for assistance in depositing their common shares in connection with the consolidation.

We seek Safe Harbor.