MGX Minerals Commences Lithium Brine Testing in Chile; Multiple Projects to be Evaluated

MGX Minerals (CSE:XMG) is pleased to announce the Company has commenced joint brine testing with four Chilean mining companies at multiple salars (the “Projects”) located throughout Chile. The Projects are at various stages of development. The purpose of joint testing is to provide a basis for future potential joint-venture locations that will utilize MGX’s lithium extraction technology. All samples are being shipped to Calgary, Alberta to undergo pilot plant testing.

The mining-friendly region of Chile is host to approximately 50% of global lithium reserves and is responsible for one-third of global annual output. The world’s leading lithium producers and some of the largest and highest grade salars globally are located in Chile. The country is host to well-developed infrastructure and a skilled labor force. Additionally, recent elections have led to a new government taking office next month. The new incoming Minister of Mines, Mr. Baldo Prokurica, has publicly stated his intent to reform the country’s mining industry through the rollout of a new mining development plan that will foster foreign investment into the country.

About MGX Minerals
MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America. Learn more at www.mgxminerals.com.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.

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Source: globenewswire.com