Mr. Jared Lazerson reports

MGX MINERALS ACQUIRES LIDAR MAPPING DATA - PREPARES MAIDEN N.I. 43-101 RESOURCE ESTIMATE AT DRIFTWOOD CREEK MAGNESIUM PROJECT

MGX Minerals Inc. has completed its acquisition of LiDAR (light detection and ranging) mapping data from the regional forestry company. The mapping package includes nine gigabytes of precision mapping data covering the proposed operating area for the Driftwood Creek magnesium project. The topographical survey information was acquired using overflight and laser mapping technology. The LiDAR overflight was executed during the summer of 2015, prior to snowfall, and has only recently been compiled and made available. The high-precision survey data are the last piece of information required to complete a maiden National Instrument 43-101 resource estimate and mine plan for Driftwood Creek.

NI 43-101 resource estimate and mine plan

The newly acquired mapping data will be integrated with previously completed ground surveys, phase I and phase II drill data from the east and west zones, respectively, reassay results of 2008 west zone drill core, and property-wide surface sampling to produce a maiden NI 43-101 resource estimate and detailed mine plan.

Extensive preliminary work on the resource estimate has been completed over the past year. Upon completion of the 3-D deposit and block model, an optimized pit shell will be produced inclusive of production schedule and economics. This work will serve as the cornerstone for the application of mining and reclamation permit for a major mine under the British Columbia Mines Act. MGX currently holds a 20-year mining lease for Driftwood Creek, and bulk sampling is under way.

Qualified person

This press release was prepared under the supervision and review of Andris Kikauka, PGeo, vice-president of exploration for MGX Minerals. Mr. Kikauka is a non-independent qualified person within the meaning of NI 43-101 standards.

We seek Safe Harbor.