MGX Minerals retracts March 6 Stockhouse article

Mar 9, 2018

2018-03-07 02:22 ET – News Release

Mr. Jared Lazerson reports

MGX MINERALS RETRACTS AND CLARIFIES DISCLOSURE

As a result of a review by the IIROC (Investment Industry Regulatory Organization of Canada), MGX Minerals Inc. is issuing the following press release to retract and clarify disclosure pertaining to an article featuring MGX entitled “MGX Minerals issues $1-billion life-of-mine PEA [preliminary economic assessment] for a world-class magnesium project in British Columbia,” which appeared on the Stockhouse website on March 6, 2018. The title of the article is overly promotional and misleading and is not in any way intended as, nor should be confused with, technical disclosure.

The company wishes to retract the title of the article and any information that states or suggests “MGX Minerals issues $1-billion life-of-mine PEA for a world-class magnesium project in British Columbia” as the net present value of the project, as disclosed by the company in a press release dated March 6, 2018, entitled “MGX Minerals announces positive PEA for Driftwood Creek magnesium; pretax NPV of $529.8-million and 24.5-per-cent IRR [internal rate of return]” that does not support the title of the article, which appeared on the Stockhouse website.

The title disclosed in the Stockhouse article does not meet the scientific and technical disclosure requirements of Canadian securities legislation, including National Instrument 43-101, and was not prepared by or approved by a qualified person and should not be relied upon.

Qualified person

The technical portions of this press release were reviewed by Andris Kikauka (PGeo), vice-president of exploration for MGX Minerals. Mr. Kikauka is a non-independent qualified person within the meaning of National Instrument 43-101 standards.

About MGX Minerals Inc.

MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America.

We seek Safe Harbor.

https://www.mgxminerals.com/investors/news/2018.html