Mr. Jared Lazerson reports

MGX MINERALS DRILLS UP TO 105 METERS OF 98.7% SILICA AT KOOT SILICON PROJECT

MGX Minerals Inc. has released results of diamond drilling from its Koot silicon project north of Cranbrook, B.C. Nine drill holes were completed across 50-metre spacings to further expand known mineralization within the north and south zones. Five drill holes were located in the north zone and were collared in quartzite and ended in quartzite. Four holes collared in the south zone started in quartzite and two out of four holes ended in quartzite. The company began evaluation of commercial applications for silica with silicon processing experts Dorfner Anzaplan this spring, including testing of material for upgrading of metallurgical-grade and solar-grade silicon with results expected shortly.

The relatively high percentage of total SiO2 (silicon dioxide) content compares favourably with other silica deposits in nearby Golden, B.C. Impurity compounds of interest such as Al2O3 (aluminum oxide) and Fe2O3 (iron oxide), approach specifications required for silicon metal. Lower loss on ignition (LOI) values correlate directly with higher SiO2 values. Highlighted drill results are presented in the associated table.

 
DDH     From     To Interval SiO2 Al2O3 Fe2O3  K2O TiO2  LOI  Total SiO2/total
         (m)    (m)      (m)  (%)   (%)   (%)  (%)  (%)  (%)    (%)        (%)

18K-1    0.9  56.39    55.49 98.5  0.54  0.39 0.17 0.13 0.49 100.25      98.15
18K-2    0.9  76.20     75.3 97.9  0.51  0.24 0.10 0.14 0.30  99.30      98.64
18K-3    1.5 106.68   105.18 98.7  0.33  0.24 0.10 0.10 0.26  99.84      98.88
18K-4    0.0   86.0     86.0 98.3  0.37  0.38 0.14 0.12 0.36  99.81       98.5
18K-5    2.0   99.0     97.0 98.1  0.70  0.33 0.19 0.14 0.41  99.90      98.16
18K-6    2.2   36.0     33.8 99.0  0.97  0.09 0.29 0.06 0.33 100.89      98.28
18K-7    6.0   54.0     48.0 99.0  0.44  0.25 0.12 0.12 0.40 100.41      98.61
18K-9    2.3  77.72    75.42 98.4  0.43  0.37 0.11 0.11 0.42  99.95      98.43
18K-10  2.25   54.0    51.75 98.9  0.39  0.23 0.08 0.11 0.32 100.16      98.78
      

Geochemical sampling was carried out on split drill core from nine holes. A total of 212 split core samples (at three-metre sample intervals) were analyzed by ALS Minerals, North Vancouver, B.C., using lithium borate fusion, whole-rock analysis ME-XRF-06.

MGX operates three silicon projects in southeastern British Columbia: Koot, Wonah and Gibraltar.

Qualified person

Andris Kikauka, PGeo, vice-president of exploration for MGX Minerals, has prepared, reviewed and approved the scientific and technical information in this press release. Mr. Kikauka is a non-independent qualified person within the meaning of National Instrument 43-101 standards.

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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