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

September 6, 2016

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

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