Mr. Jared Lazerson reports

MGX MINERALS INITIATES ARCHEOLOGICAL ASSESSMENT STUDIES AT DRIFTWOOD CREEK MAGNESIUM PROJECT

MGX Minerals Inc. has engaged Tipi Mountain Eco-Cultural Services Ltd. to complete an archeological overview assessment and archeological impact assessment on the Driftwood Creek magnesium project, located in the Brisco-Driftwood mining district of southeastern British Columbia.

Tipi Mountain has submitted an application to the archeology branch of the B.C. Ministry of Forests, Lands and Natural Resource Operations requesting to conduct archeological overview assessment and archeological impact assessment studies on behalf of the company. Approval of the application is expected shortly.

The archeological overview assessment study, which is currently under way and expected to be completed in the first week of August, will evaluate relevant environmental and archeological documents pertaining to the proposed haulage roads and mine footprint areas at Driftwood Creek. This will be followed by a field survey to further assess and confirm existing environmental and archeological documents. Tipi Mountain will then prepare an archeological overview assessment report consistent with the guidelines for archeological overview assessment reporting as published by the archeology branch.

Based on results of the archeological overview assessment, and upon issuance of a Heritage Conservation Act inspection permit, Tipi Mountain will then conduct additional field assessments, which will be used to complete a detailed archeological impact assessment report. The finished archeological impact assessment report will then be submitted to the archeology branch of the B.C. Ministry of Forests, Land and Natural Resource Operations for review and approval.

We seek Safe Harbor.