Mr. Ron MacDonald reports

ZINC8 ENERGY SOLUTIONS INC. ANNOUNCES OFFICIAL NAME CHANGE

MGX Renewables Inc. is changing the official name of the company to Zinc8 Energy Solutions Inc. The company has operated under the business name, Zinc8 Energy, for the past half-year, but its legal name had not changed until now. The name change will become effective at opening of the market on March 20, 2020, under the new symbol ZAIR. The new Cusip number is 98959U108.

"This announcement is the latest step we have taken at Zinc8 Energy Solutions to bring clarity to the global market about who we are and the business we are in, long duration zinc-air energy storage. This official name change follows two recent Zinc8 announcements -- our contract award and project collaboration with the New York Power Authority (NYPA) and our private sector deployment agreement with Digital Energy supported by Nyserda," said Ron MacDonald, Zinc8 Energy's president and chief executive officer.

About MGX Renewables Inc.

MGX Renewables has assembled an experienced team to execute the development and commercialization of a dependable low-cost zinc-air battery. This mass storage system offers both environmental and efficiency benefits. The company strives to meet the growing need for secure and reliable power.

We seek Safe Harbor.