Mr. Jared Lazerson reports

MGX MINERALS ANNOUNCES CA$2.5 MILLION NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH UNITS

MGX Minerals Inc. has arranged an offering, by way of non-brokered private placement, of up to 2.5 million flow-through units at a price of $1 per flow-through unit for gross proceeds of up to $2.5-million.

Each flow-through unit will consist of one common share of the company, issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one-half of one transferable common share purchase warrant, with each warrant entitling the holder to acquire one common share of the company at a price of $1.15 per warrant share for a period of 24 months from the closing of the offering.

The closing of the offering is expected to occur on or before June 9, 2017, and is subject to the completion of formal documentation and filings with the Canadian Securities Exchange. The securities issued pursuant to the offering will be subject to a hold period of four months and one day.

The company will use the proceeds of the offering to continue its exploration activities on its projects in British Columbia.

In connection with the offering, the company will provide a finder's fee to EMD Financial Inc. equal to a cash payment of 8 per cent of the gross proceeds raised from purchasers of the flow-through units introduced to the company by EMD, common shares of the company equal to 4 per cent of the total number of flow-through units sold, and non-transferable warrants equal to 4 per cent of the total number of flow-through units sold under the offering. Each finder warrant will entitle the holder to purchase one common share at a price of $1.55 for a period of 24 months following the closing date.

About MGX Minerals Inc.

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

We seek Safe Harbor.