Mr. Jared Lazerson reports

MGX MINERALS ANNOUNCES ARRIVAL OF FIRST RAPID LITHIUM EXTRACTION OIL & GAS WASTEWATER TREATMENT SYSTEM

MGX Minerals Inc. engineering partner PurLucid Treatment Solutions has delivered the first petrolithium and advanced waste water treatment system to a centralized treatment and processing facility north of Edmonton and proximate to the Alberta oil sands. The commercial-scale 750-barrel-per-day (bpd) system is currently in final phase electrical connection and will be in operation shortly. MGX and PurLucid expect to begin processing concentrated evaporator blowdown waste water under an existing agreement with an oil sands SAGD (steam-assisted gravity drainage) operator in early November and additional waste water containing lithium from a second oil sands SAGD operator shortly thereafter.

The system is being installed at a centralized facility and will be able to take delivery of waste water brine from multiple clients. The brine will be processed for lithium recovery, waste water purification and disposal of residuals. PurLucid has been awarded a non-repayable contribution totalling up to $8.2-million in government funding to support the commercialization of a low-energy water treatment system for the oil and gas industry (see press release dated Nov. 6, 2017). A second 1,500 bpd system is near completion at PurLucid's manufacturing facility in Calgary, Alta., and is expected to be deployed in approximately 60 days with additional waste water and mineral extraction systems to rapidly follow throughout 2019 to 2020.

"With the determined backing of our shareholders, investment funds, oil sands operators, associated engineering companies, the Province of Alberta, and the government of Canada, it has been shown, once again, that a small determined group of scientists and engineers can provide solutions to the most important of global problems. The combination of cleaning waste water and extracting minerals sets the stage for a bright future for MGX as we move into the revenue phase of our growth cycle with this globally applicable, low capital intensive and, most importantly, scalable technology," stated Jared Lazerson MGX president and chief executive officer. He added, "We are accustomed to the idea that new technology inherently costs more, by changing this relationship, and providing lower-cost environmental solutions the stage is now set for rapid adoption of our technologies that provide a solution to the most difficult of global waste water problems and a revenue stream, as applicable, from mineral extraction to further offset these costs or as a stand-alone technology, essentially creating an entirely new industry of recycling of commodities from waste water."

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. The technology was recently chosen as winner of the Base and Specialty Metals Industry leadership award at the 2018 S&P Global Platts Global Metals Awards, held in London in May (see press release dated May 18, 2018).

About MGX Minerals Inc.

MGX Minerals is a diversified Canadian resource company with interests in lithium, magnesium and silicon assets throughout North America.

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