MGX Acquires Lithium Brine Projects in Chile - Rapid Lithium Extraction to be Tested - Drilling to Commence Shortly

VANCOUVER, BRITISH COLUMBIA / August 8, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce it has entered into an Memorandum of Understanding (the “MOU”) to acquire 50% of the issued shares of Chilean Lithium Salars SpA (“CLS”). CLS is a wholly owned subsidiary of Chilean Lithium Salars Holdings Ltd. (“CLSH”) and holds a 100% interest in three prospective lithium exploration Projects (the “Projects”) located in Chile, including Francisco Basin, Laguna Brava and Laguna Escondida Lithium Projects.

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 Drilling at Laguna Brava project

Drilling at Laguna Brava project