Mr. Jared Lazerson reports

MGX ADVANCES PERMITTING AND EXPANDS MINE PLAN AT DRIFTWOOD MAGNESIUM

MGX Minerals Inc. is providing a progress report on the company's flagship Driftwood Creek magnesium property in southeastern British Columbia.

Environmental baseline studies under way

MGX has commenced preliminary environmental baseline studies at its flagship Driftwood Creek magnesium property. Initial hydrology samples have been collected and submitted for analysis by the company's qualified person, as defined by National Instrument 43-101 standards, Andris Kikauka, PGeo.

The results will be used to characterize hydrological parameters under which further environmental studies are conducted. These studies represent an integral part of the permitting process and will build on MGX's commitment to operate Driftwood Creek in an environmentally safe manner.

Reassaying of historic drill core proceeding

The company also announces that reassaying of 2008 drill core from the Western zone of Driftwood Creek is under way (see press release dated Nov. 12, 2014). MGX engineering consultants have determined that standard assaying will prove suitable for chemical analysis of the historic drill core. Preparations are now being made to ship the core to ALS Minerals in North Vancouver.

Resource estimate and mine plan update

Upon completing reanalysis of historic drill core from the Western zone, MGX engineering consultants will construct an updated block model that includes data from both the Western and Eastern mineralized zones.

The updated block model will combine new results from the Western zone with 2014 drill results on the Eastern zone (see press release dated Dec. 11, 2014) to calculate an expanded maiden NI 43-101 resource estimate. Additionally, the block model will provide the basis for a revised mine plan that may further extend the anticipated life of mine at Driftwood Creek.

"We continue to make significant progress on all fronts as we work to advance Driftwood Creek towards a construction-ready stage," stated MGX president and chief executive officer Jared Lazerson. "The establishment of a baseline as part of the permitting process during spring freshet is ideal as this is the time of year when results are often most relevant. We are committed to monitoring the nearby environment and continue to work closely with the Mineral Titles Branch as we proceed through the consultative phase of the application process."

Qualified person

Andris Kikauka, vice-president of exploration for MGX Minerals, a non-independent qualified person as defined by NI 43-101, has reviewed the information contained in this news release and has verified the data.

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