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MGX Minerals Prepares to Dead-Burn Assay Drill Core at Driftwood Creek Magnesite Property

VANCOUVER, BRITISH COLUMBIA – November 12, 2014 - MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG) reports that preparations are underway to re-assay historic drill core previously compiled at the Company’s flagship Driftwood Creek magnesite project (“Driftwood Creek” or the “Property”) in southeastern British Columbia.

The drill core, which was originally collected by Tusk Exploration Ltd. in 2008, was part of a seven-hole, 692 meter NQ-sized diamond drill program testing the thickest portion of the Western Zone at Driftwood (see Figure 1, Table 1). Approximately 325 meters of strike length and 140 meters of thickness were tested (Klewchuk, 2008).

The Company will submit the original 2008 drill core to ALS Minerals in North Vancouver, British Columbia for dead-burned magnesia (“DBM”) analysis. Samples will be roasted at a temperature of 1,700° Celsius prior to using XRF whole rock analysis. This procedure will reduce the carbon content of each sample and provide a more accurate representation of the potential marketable DBM product. Refractory grade DBM is used extensively in steel production to serve as both protective and replaceable linings for equipment used to handle molten steel.

Results of the chemical analysis will be submitted for addition into the Company’s N.I. 43-101 compliant maiden resource estimate on Driftwood, which is nearing completion.

Figure 1. Location of historic drill holes completed on western zone at Driftwood Creek
Driftwood Creek Western Zone Drill Holes

Table 1. Assay results of 2008 diamond drill holes completed on western zone at Driftwood Creek

Zone

Hole

From (m)

To (m)

Length (m)

MgO %

Western

MG-08-1

2.00

133.00

131.00

37.60%

Western

MG-08-2

2.00

132.00

130.00

38.70%

Western

MG-08-3

1.00

45.60

44.60

35.80%

Western

MG-08-4

2.00

68.60

66.60

35.70%

Western

MG-08-5

0.70

95.80

95.10

35.20%

Western

MG-08-6

0.70

91.10

90.40

36.15%

Western

MG-08-7

3.50

72.00

68.50

36.40%

Qualified Person
Andris Kikauka, Vice President of Exploration for MGX Minerals, and a non-independent Qualified Person as defined by N.I. 43-101, has reviewed the information contained in this news release and has verified the data.