PRESS RELEASES

VANCOUVER, BRITISH COLUMBIA / August 31, 2015 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) announces that the Company intends to complete a non-brokered private placement (the “Private Placement”) for up to 2,000,000 Units (“Units”) at a price of CA$0. 50 per Unit. Each Unit will consist of one common share and one common share purchase warrant (“Warrant”). Each Warrant is exercisable into one common share of the Company at a price of CA$0. 65 for

MGX Minerals Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA / August 31, 2015 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) announces that the Company intends to complete a non-brokered private placement (the “Private Placement”) for up to 2,000,000 Units (“Units”) at a price of CA$0.50 per Unit.

Each Unit will consist of one common share and one common share purchase warrant (“Warrant”). Each Warrant is exercisable into one common share of the Company at a price of CA$0.65 for a period of one year from closing.

Proceeds from the Private Placement will be used for capital acquisitions of equipment and plant location, as well as development, engineering, and permitting of MGX’s Driftwood Creek magnesium project and general corporate purposes.

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.

STAY UPDATED