PRESS RELEASES

VANCOUVER, BRITISH COLUMBIA - June 2, 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 “Offering”) of up to 1,000,000 shares at a price of CA$0. 30 per share, for gross proceeds of up to CA$300,000. Net proceeds from the Offering will be used for continued permitting of MGX’s Driftwood Creek magnesium property as well as general administrative and corporate purposes.

MGX Minerals Announces Private Placement

VANCOUVER, BRITISH COLUMBIA - June 2, 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 “Offering”) of up to 1,000,000 shares at a price of CA$0.30 per share, for gross proceeds of up to CA$300,000.

Net proceeds from the Offering will be used for continued permitting of MGX’s Driftwood Creek magnesium property as well as general administrative and 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.

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