VANCOUVER, BRITISH COLUMBIA / June 2, 2017 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) reports as a result of a review by the British Columbia Securities Commission we are issuing the following news release to clarify disclosure.
In a news release dated April 26, 2017 the Company referred to a technical report filed on SEDAR, which contained scientific analysis of the Company’s rapid extraction process of lithium and other minerals from brine (the “Report”). The Company wishes to clarify that the Report does not meet the definition or requirements of a “Technical Report” as defined under National Instrument 43-101 (“NI 43-101”).
Further, the news release and the Report referred to Dr. Preston McEachern as a “Qualified Person”, which is a defined term under NI 43-101. The Company wishes to clarify that Dr. McEachern does not meet the definition of a Qualified Person, rather, Dr. McEachern is the author of the Report and was a contributor to the April 26th news release. The Company wishes to clarify that Andris Kikuaka (P.Geo) is the Company's Qualified Person and reviewed the news release and approved of its disclosure.