Mr. Chris Irwin reports

MAG COPPER LIMITED PROVIDES UPDATE ON MAGUSI PROPERTY

Mag Copper Ltd., as a result of a review by staff of the Ontario Securities Commission, is clarifying certain of its disclosure. The company previously disclosed estimates of project revenues and production costs from its Magusi and Fabie Bay properties on slides 14 and 15 on an investor presentation, which was previously posted on the company's website. In addition, the investor presentation contains certain technical information with respect to the company's Fabie Bay property which is not supported by a current technical report. The investor presentation was removed from the company's website on Aug. 21, 2014, and the company hereby retracts the deficient disclosure with respect to the project revenues and production costs in connection with the Magusi and Fabie Bay properties, and any technical information with respect to the Fabie Bay property.

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