MGX Minerals Reports Maiden N.I. 43-101 Resource Estimate for Driftwood Creek Magnesium Project

VANCOUVER, BRITISH COLUMBIA – September 5, 2016 – MGX Minerals (CSE:XMG) is pleased to announce a maiden National Instrument (N.I.) 43-101 compliant mineral resource estimate for its Driftwood Creek magnesium project (“Driftwood Creek”).

VANCOUVER, BRITISH COLUMBIA – September 5, 2016 – MGX Minerals (CSE:XMG) is pleased to announce a maiden National Instrument (N.I.) 43-101 compliant mineral resource estimate for its Driftwood Creek magnesium project (“Driftwood Creek”).
Highlights

Measured plus Indicated (M+I) mineral resource totaling 8.028 million tonnes grading 43.31% magnesium oxide (MgO)
Inferred mineral resource totaling 846,000 tonnes grading 43.20% MgO
Bulk of resource is located less than 100 meters from surface
Opportunities to expand mineral resource along strike and at depth with additional drilling

The resource estimate was prepared by Mr. Allan Reeves. Mr. Reeves is a Professional Geologist and independent Qualified Person (QP) as defined by N.I. 43-101 Standards of Disclosure for Mineral Projects. He has over 35 years of industry experience and spent 23 years at BHP Billiton where he held senior-level positions at both the Ekati Diamond Mine and Island Copper Mine.

Class	Tonnes x1000	MgO%	Al2O3%	CaO%	Fe2O3%	SiO2%	LOI%
Measured	2,828	43.34	1.08	0.90	1.39	5.19	47.16
Indicated	5,200	43.29	1.17	0.80	1.35	6.17	46.40
M+I	8,028	43.31	1.14	0.84	1.36	5.82	46.67

Inferred	846	43.20	1.30	0.47	0.51	6.87	45.09