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MGX Minerals Warrants Begin Trading on CSE Under Symbol “XMG.WT”

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BRITISH COLUMBIA / September 23, 2016 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce that the warrants issued under its recently announced rights offering (the "Warrants") will commence trading on the Canadian Securities Exchange (the "CSE") on September 23, 2016 at market open under the symbol "XMG.WT".

A total of 5,031,364 Warrants were issued on September 21, 2016 as part of the rights offering (see press release dated September 22, 2016). Each Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.20 per share for a period of 24 months from September 21, 2016.

Current holders of Warrants wishing to trade their Warrants through the facilities of the CSE should contact their registered investment dealer for instructions on how to deposit physical certificates representing the Warrants for trading. The CUSIP for the Warrants is 55303L127.