PRESS RELEASES

VANCOUVER, BRITISH COLUMBIA / January 18, 2016 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) announces results of its Annual General Meeting (the “Meeting”) held on January 14, 2016. 29. 94% of all issued and outstanding shares of the Company were represented at the Meeting. Resolutions proposed and approved at the Meeting included: The number of Directors was set to five; The five members elected to the Board of Directors included: Jared Lazerson, Michae

MGX Minerals Announces Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA / January 18, 2016 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) announces results of its Annual General Meeting (the “Meeting”) held on January 14, 2016. 29.94% of all issued and outstanding shares of the Company were represented at the Meeting.

Resolutions proposed and approved at the Meeting included:

  • The number of Directors was set to five;
  • The five members elected to the Board of Directors included: Jared Lazerson, Michael Reimann, Andris Kikauka, Lyndon Patrick and H. David Read; and
  • Adam Sung Kim Ltd. was re-appointed as auditor of the Company.

The Company also announces it has completed the following Shares-for-Debt Transactions:

  • 50,000 shares issues pursuant to the Wonah Purchase Agreement;
  • 550,000 shares issued at CA$0.15 to settle debt in the amount of CA$82,500; and
  • 50,000 shares issued to a consultant.

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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