Mr. Jared Lazerson reports

MGX MINERALS ISSUES $2,985,000 REPAYMENT REQUEST TO ZINC 8 ENERGY SOLUTIONS INC. AND PROVIDES LITIGATION UPDATE

MGX Minerals Inc. has provided a litigation update covering litigations currently involving the company. All claims against the company have been accounted for in the financial statements of the company, as they are vendor payable or consultants' wages and expenses claims. The company has no reason to believe any legal outcome is likely to significantly exceed amounts already accounted for, and amounts may be significantly less as a number of the claims are contested. As a result of these and other liabilities, MGX has issued a letter of demand to Zinc8 Energy Solutions Inc. for amounts owed of $2,985,000 dated Nov. 5, 2019, with a request for payment or payment plan within seven days.

Significant outstanding claims against and versus MGX:

• AIS Resources, filed Nov. 1, 2019;
• Lions Gate Management Group Ltd., filed Sept. 12, 2019;
• Randy Keller, filed Sept. 11, 2019;
• Blue Sun Productions Inc., filed June 18, 2019;
• Marc Bruner, filed May 18, 2018.

Significant outstanding claims by MGX:

• Lyndon Patrick and Michael Reimann, filed Oct. 10, 2019.

In addition, MGX is currently in arbitration with Dawson Geophysics Inc., regarding a planned geophysics program for its Utah petrolithium project in 2017/2018 that was never executed. Dawson claims approximately $250,000 (U.S.) in direct preparation costs and has requested additional amounts for additional preparation and lost opportunity because the program was never executed. MGX claims that it was not the operator and that, by expert opinion, the program was six times as large as it should have been for no practical reason and that MGX was taken advantage of due to limited experience in oil and gas exploration by both Dawson and the operator.

We seek Safe Harbor.