VANCOUVER, British Columbia, July 11, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the
“Company”) (CSE:XMG) (OTCQB:MGXMF) (FSE:1MG) and engineering partner PurLucid Treatment Solutions Inc.
(“PurLucid”) are pleased to report that two sea containers containing a second wastewater treatment system have arrived from the
pipe and metal fabricator. The system is scheduled for installation at an oil and gas operation in Alberta to treat evaporator
blowdown brine. The system, capable of processing high salinity wastewater from SAGD operations, will remove colloidal and
dissolved minerals for substantial water reuse, lower cost and reduced environmental liability.
These wastewaters contain lithium in the 100ppm range providing an initial commercial platform for this widely applicable
technology. This represents the second system built for this purpose. The first system completed large-scale trials and client
acceptance testing and is scheduled for deployment as soon as on-site preparations for installation of the system are
completed.
Petrolithium Technology
PurLucid water treatment technologies, which purify wastewater and brine, have been integrated with a newly developed lithium
recovery process. Combined, this cleantech process reduces the capital cost of recovery compared to traditional solar evaporation
as it does not require the investment in large, multi-phase, lake sized, lined evaporation ponds, greatly reducing the physical
footprint and enhancing the quality of extraction and recovery across a complex range of brines previously considered
un-processable due to complexity or geographical location outside of solar evaporation appropriate zones. This includes oil and gas
wastewater, natural brine, and other brine sources such as lithium-rich mine and industrial plant wastewater.
The technology was recently chosen as winner of the Base and Specialty Metals Industry Leadership Award at the 2018 S&P
Global Platts Global Metals Awards, held in London earlier this month (see press release dated May 18, 2018). Hosted by S&P Global Platts, a leading global energy,
metals and commodities information provider, the annual awards program honored exemplary performance in fifteen categories spanning
the entire steel, metals and mining complex.
About PurLucid
PurLucid’s exclusively licensed and patented nanoflotation technology was designed specifically for oilfield environments. The
technology separates impurities from oil and gas wastewater and produces clean water as a final product. This allows for the
recycling or controlled release of oilfield wastewater and reduces or eliminates downhole and associated transportation costs.
Water handling costs are one of the largest operating costs in the oilfield and oilsands operations today. Learn more
at www.purlucid.com. MGX maintains the right to acquire 100% of PurLucid through successive
investments.
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.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3eb6d096-d6e5-4c97-84d0-a84775d07493
