PRESS RELEASES

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 5,031,36

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.

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.

STAY UPDATED