PRESS RELEASES

VANCOUVER, BRITISH COLUMBIA / August 31, 2015 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) announces that phase two diamond drilling at its flagship Driftwood Creek magnesium project (“Driftwood”) commenced on August 30, 2015. Initial progress reports 165 feet completed on day one in drillhole 15-01 while drilling continues. An eight-hole program consisting of approximately 1,000 meters of drilling is planned to further prove up the continuity of grades an

MGX Minerals Commences Phase Two Drilling at Driftwood Creek Magnesium Project

VANCOUVER, BRITISH COLUMBIA / August 31, 2015 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) announces that phase two diamond drilling at its flagship Driftwood Creek magnesium project (“Driftwood”) commenced on August 30, 2015. Initial progress reports 165 feet completed on day one in drillhole 15-01 while drilling continues.

An eight-hole program consisting of approximately 1,000 meters of drilling is planned to further prove up the continuity of grades and thicknesses of magnesite mineralization within the Western Zone at Driftwood Creek. Infill drilling will occur around seven drill holes completed in 2008 by Tusk Exploration (see Figure 1). Drill site locations were selected based on geologic mapping and geochemical sampling work completed by MGX as well as re-assay results of historic drill core.

MGX’s Qualified Person Mr. Andris Kikauka will perform all core logging and sampling, which will be followed by sample preparation and analysis at ALS laboratories. Mr. Kikauka will also conduct sample chain-of-custody from drill hole to assay lab.

Figure 1. Proposed Phase II 2015 Diamond Drilling:
driftwood 2015 phase2 drilling

About MGX Minerals
MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America.

Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.

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