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

ID: 1532591
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(businesspress24) -
MGX Minerals Commences Lithium Brine Testing in Chile; Multiple Projects to be Evaluated

VANCOUVER, BRITISH COLUMBIA / February 14, 2018 / MGX Minerals Inc. (MGX or the Company) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) 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 MGXs 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 worlds 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 countrys 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.

Contact Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: 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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MGX is involved in the acquisition and exploration of industrial mineral properties in Western Canada. MGX has the right to acquire a 100% interest in the Driftwood Creek Magnesite Property located in the Golden mining district in southeast British Columbia. In addition to Driftwood Creek, MGX holds a portfolio of magnesite exploration properties in British Columbia. MGX’s wholly owned subsidiary, Manto Gold Corp., is engaged in gold exploration and holds a right to acquire a 100% interest in the 10,000 ha. Fran Gold Property, located 20km southwest of Mount Milligan in central British Columbia.



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Date: 02/14/2018 - 09:57
Language: English
News-ID 1532591
Character count: 3616
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Firma: MGX Minerals Inc.
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