Mr. Jared Lazerson reports

MGX MINERALS ANNOUNCES SUBSIDIARY ZINCNYX ENERGY SOLUTIONS JOINS RESEARCH CONSORTIUM TO DEVELOP NANOSTRUCTURED ELECTRODES FOR GRID SCALE ENERGY STORAGE

MGX Minerals Inc.'s 100-per-cent wholly owned subsidiary ZincNyx Energy Solutions Inc. and its research partners will receive a grant from Canada's Natural Science and Engineering Research Council (NSERC) to develop nanostructured material for its next-generation zinc air energy storage.

The drive toward a renewable energy economy was recently given a big push by NSERC in this year's strategic partnership grants announcement. ZincNyx, in a consortium with researchers from the universities of Waterloo, Calgary and Simon Fraser University, is exploring and developing materials for its next-generation zinc air energy storage system. The project, titled grid-scale energy storage using zinc-air fuel cells with nanostructured electrodes, will receive a grant of $580,000 over the next three years to support research. The consortium will be studying the use of graphene-based materials that have shown impressive performance in the lab, and are ready to graduate to commercial applications.

"Graphene is getting a lot of attention for many applications, but is particularly promising for electrochemical reactions since it can perform on par with traditionally used platinum," said project lead Prof. Jeff Gostick of the University of Waterloo. "As engineers and applied scientists, it's very exciting for us to see our ideas leave the lab and get into the hands of an industrial product, it's what it's all about."

"ZincNyx is very pleased with the timing of the grant, which ties in perfectly with our business plan. We are entering early commercialization, but saw a strong need on the horizon to drive down costs to fuel further growth," pointed out ZincNyx chief executive officer Suresh Singh. "We are very pleased to be working with this particular group of researchers."

The team includes two Canada research chairs (Dr. Viola Birss and Dr. Erik Kjeang) as well as veteran electrochemical engineer Ted Roberts.

About MGX Minerals Inc.

MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America.

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