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MGX Minerals Signs Development Agreement for Driftwood Creek Magnesium project

VANCOUVER, BRITISH COLUMBIA / January 22, 2016 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) is pleased to announce the Company has entered into a Comprehensive Development Agreement (the “Agreement”) with Dominion Excavating Ltd. (“Dominion”).

Dominion is a First Nations-owned company based in Invermere, British Columbia that employs local residents. As part of the Agreement Dominion will provide a range of project development services for the Company’s flagship Driftwood Creek magnesium project (“Driftwood”) including road construction and mine development in exchange for an equity stake in MGX.

“We remain committed to partnering with local business and bringing new economic opportunities for the East Kootenay region,” stated MGX President and CEO Jared Lazerson.