Mr. Jared Lazerson reports

MGX MINERALS MOBILIZES FOR INFILL DRILLING PROGRAM AT DRIFTWOOD CREEK IN PREPARATION OF PRELIMINARY ECONOMIC ASSESSMENT

Field crews are mobilizing to conduct an infill drill program on MGX Minerals Inc.'s flagship Driftwood Creek magnesium project.

As reported, the company announced a maiden National Instrument 43-101-compliant mineral resource estimate for Driftwood Creek. The resource estimate outlined eight million tonnes grading 43 per cent magnesium oxide in the measured plus indicated categories. The company has filed an NI 43-101 technical report supporting the resource estimate (see press release dated Sept. 27, 2016).

The report recommended that MGX conduct an infill drill program as part of preparation for an NI 43-101 preliminary economic assessment (PEA) and filing of a mining and reclamation permit (operating permit) with the Province of British Columbia. Specifically, the report suggests that diamond drilling be carried out to confirm the downdip continuity of contacts as well as identify near-surface magnesite. The company plans to complete 12 drill holes as part of the infill drilling campaign and expects completion of PEA by the end of 2016.

The updated technical report and resource estimate are available for viewing on the company's website.

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 National Instrument 43-101 standards.

About MGX Minerals

MGX recently released a maiden NI 43-101-compliant mineral resource estimate for its Driftwood Creek magnesium project, which outlined eight million tonnes grading 43.31 per cent magnesium oxide. In January the company received a 20-year mining lease for Driftwood Creek. Additionally, the company recently acquired the Sturgeon Lake lithium brine project in west-central Alberta, increasing the company's lithium brine land position to over 376,000 hectares throughout the province.

We seek Safe Harbor.