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MGX Minerals Receives Approval of Mining Lease for Driftwood Creek Magnesium Project

VANCOUVER, BRITISH COLUMBIA / January 11, 2016 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) is pleased to announce the Company’s Mining Lease application for its flagship Driftwood Creek magnesium project (“Driftwood Creek”) has been approved and granted by the Chief Gold Commissioner of the Province of British Columbia. The lease carries an initial term of 20 years and can be extended thereafter.

“This is a major milestone for the project,” said MGX President and CEO Jared Lazerson. “We would like to take this opportunity to express our appreciation for the support of everyone involved, at all levels of government, community and First Nations. I believe there is now reason for new optimism among the working men and women of the East Kootenay region.”