Mr. Jared Lazerson reports

MGX MINERALS COMPLETES PHASE II DRILLING AT DRIFTWOOD MAGNESIUM PROJECT

MGX Minerals Inc. has completed phase II drilling at its flagship Driftwood Creek magnesium project (see press release dated Aug. 31, 2015). In total, 12 diamond drill holes were completed totalling 1,100 metres. Core has been shipped to ALS Minerals in North Vancouver, B.C., for whole-rock analysis. Initial results from the first four drill holes were released on Oct. 5, 2015 (see press release dated Oct. 5, 2015). Assay results from the remaining eight drill holes are expected shortly.

The phase II drill program was designed to confirm the vertical and lateral continuity of magnesite mineralization within the Western zone at Driftwood Creek, as well as assist with resource modelling and pit design. To date, the Western zone has been delineated across 0.5 kilometre and remain open along strike (east-west) and at depth.

The 2015 diamond drill holes are summarized in the attached table.

DDH              Depth                Comments        Depth 
                    (m)                               (feet)

2015-1          121.92          West of 2008-2          400
2015-2           91.44          East of 2008-2          300
2015-3            76.2          East of 2008-2          215
2015-4          128.08          West of 2008-2          420
2015-5          125.88          West extension          413
2015-6           114.3          West of 2008-1          375
2015-7            44.2         North extension          145
2015-7A          18.29         North extension           60
2015-8           108.2     Northwest extension          355
2015-9           79.86          East extension          262
2015-10          43.28          East extension          142
2015-11          16.76         North extension           70
2015-11A         21.34         North extension           55
2015-12         112.78     Northwest extension          370
              1,102.53                                3,582

Drill results from phase I and phase II drilling will be added to previous drill core analysis and compiled to establish a maiden National Instrument 43-101-compliant mineral resource estimate for the Eastern and Western zones. Independent technical consultant and NI 43-101 qualified person Norman Tribe, PEng, has been on site and is preparing to conduct the resource estimate for Driftwood Creek.

Quality assurance/quality control

The sample chain of custody is managed by MGX under the supervision of Andris Kikauka. Drill core is being split at three-metre intervals, secured in a nearby storage facility and shipped to ALS. ALS is an independent, ISO-certified analytical laboratory located in North Vancouver, B.C. ALS is conducting whole-rock analysis using a lithium-borate fusion process to calculate oxide-equivalent values.

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.