Mr. Jared Lazerson reports

MGX MINERALS ANNOUNCES OILSANDS LITHIUM EXTRACTION AND WASTEWATER TREATMENT SYSTEM DEPLOYMENTS

MGX Minerals Inc. and engineering partner PurLucid Treatment Solutions' second deployment of an advanced waste water treatment system is near completion and commissioning is expected shortly. The system is capable of processing up to 10 cubic metres per hour. The system will significantly reduce greenhouse gases through energy savings on steam generation. The technology provides superior treatment outcomes when compared with conventional technology which requires off-site trucking and high cost (due to toxicity) disposal. The technology can treat the water in line, under temperature and pressure, without cooling water first and is a paradigm shift advancement in waste water management and oil sands operations. This will result in significantly less energy use for water treatment, reduction in greenhouse gases and also eliminate a major operational challenge of an SAGD (steam-assisted gravity drainage) facility, which is heat exchanger fouling.

Mobilization of a third system, capable of processing 10 cubic metres per hour to extract lithium from brine, is also being finalized. This lithium can be extracted by the technology once the water is cleaned of oil and bitumen as result of the front-end water treatment system processing. Commencement of lithium extraction will occur as this customer comes on line.

Rapid lithium brine extraction technology

MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multiphase, lake-sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. This technology is applicable to petrolithium (oil and gas waste water), natural brine and other brine sources such as lithium-rich mine and industrial plant waste water.

About MGX Minerals Inc.

MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.

We seek Safe Harbor.