MGX Minerals Advances Mining Lease Application at Driftwood Creek Magnesium Deposit

Press Releases |

VANCOUVER, BC / January 13, 2015 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE:$XMG) is pleased to provide shareholders with an update on permitting activities at its flagship Driftwood Creek magnesium deposit located in southeastern British Columbia.

The Company has received communication on January 12, 2015 from the British Columbia Ministry of Energy and Mines (MEM) that its recently filed mining lease application (the “Application”) (see press release dated December 22, 2014) has been received by the Mineral Titles Branch and the application has been accepted and advanced to the Consultative Phase of the application process. In addition, the Chief Gold Commissioner has requested a formal survey, to be approved by the Surveyor General, encompassing the entire area of the proposed mining lease, in addition to the recently surveyed proposed quarry area (click to view surveyed proposed quarry area).

“We look forward to becoming Canada’s only producer of magnesium metal and second producer of magnesium compounds,” stated Jared Lazerson CEO of MGX Minerals. “Advanced materials have a strong outlook in British Columbia and we are committed to being a cornerstone of this new industry.”

About MGX Minerals

MGX Minerals (CSE: XMG) is a diversified Canadian mining company engaged in the acquisition and development of industrial mineral deposits in western Canada that offer near-term production potential, minimal barriers to entry and low initial capital expenditures. For more information please visit the Company’s website at www.mgxminerals.com.

For further information please contact:

Jared Lazerson
Chief Executive Officer
MGX Minerals Inc.
Telephone: 604.681.7735
Email: jared@mgxminerals.com

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