Mr. Patrick Power reports

MGX MINERALS ENGAGES INVESTOR RELATIONS FIRM FOR SILICON ANODE LITHIUM ION BATTERY PROJECT

As a result of recent advancements by research partner the University of British Columbia (see press release dated April 2, 2020) in the development of a silicon anode for next generation lithium ion batteries, MGX Minerals Inc. has entered into an investor relations agreement with FXCT Media Inc. FXCT will provide corporate, investor and partnership communication services for the company's silicon anode lithium ion battery project. The agreement is for a period of three months, with compensation of $15,000 and 300,000 incentive stock options. The MGX/UBC partnership recently announced completion of a 1,000-discharge life cycle test of its silicon anode in a next generation lithium ion battery. This next-generation battery has an increased energy storage of 400 watt-hours per kilogram, a doubling of capacity over the current ratio of about 200 Wh/kg. The silicon anode was produced utilizing a proprietary advanced materials science etching and coating process for treating silicon creating a nanostructured form suitable for use in lithium ion batteries.

Incentive stock options

The company has filed a Form 11 with the Canadian Securities Exchange for 5.4 million at seven cents with a two-year expiration to officers and consultants of the company within the company's stock option plan. The company plans to cancel up to four million incentive options under a previous agreement or as a result of a departure.

About MGX Minerals Inc.

MGX Minerals invests in commodity and technology companies and projects focusing on battery and energy mass storage technology, advanced materials, the extraction of minerals and metals from fluids, water filtration and gasification.

We seek Safe Harbor.