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MGX Minerals Acquires Pilot Plant for Driftwood Creek Magnesium

VANCOUVER, BRITISH COLUMBIA / June 10, 2016 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) is pleased to announce the Company has acquired, on a trial basis with an option to purchase, a full-scale pilot plant mill (the “Mill”) from CMC Metals Ltd. (TSX.V: CMB).

The Mill equipment includes a jaw crusher, ball mill, flotation cells, cyclone dewatering equipment and a tailings filtration and thickener system. The Mill is currently on care and maintenance in the Yukon. MGX has dispatched a contractor to transport all equipment, inclusive of five tractor trailers, to the stock pile location of the Company’s recently completed bulk sample (see press release dated June 9, 2016). The Company expects that bulk sample material will arrive and be made available within one week.

The Mill was previously utilized to process polymetallic concentrate. The Company intends to use the Mill to process bulk sample material through reverse flotation to produce two potentially saleable products- a high purity magnesite tailing and byproduct silica sand float.

Stated MGX President and CEO Mr. Jared Lazerson: “MGX looks forward to commencing the pilot plant phase at Driftwood Creek and to begin producing representative and potentially saleable material.”

Qualified Person
This press release was prepared under the supervision and review of Andris Kikauka, P. Geo. and Vice President of Exploration for MGX Minerals. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument (N.I.) 43-101 Standards.