VANCOUVER, British Columbia, July 19, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the
“Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to report it has completed the previously announced diamond drill
program on its Koot silicon project (“Koot” or the “Project”) in British Columbia. A total of 782 meters (2,565 feet) of drilling
were completed across 10 drill holes. Drill core has been split and sent to ALS Minerals in North Vancouver, British Columbia for
special carbide pulverizing disc preparation and ME-ICP06 whole rock analysis. The Summer 2018 drill program was designed to define
an initial N.I. 43-101 resource estimate. Additional drill work is planned at two of the Company’s nearby silicon properties with
the goal of also defining a resource. Historic Exploration conducted by COMINCO during the 1980’s outlined a mineralized zone
spanning approximately 400 meters consisting of high-purity silicon dioxide (SiO2).
Solar Silicon Metallurgy Work
Metallurgy work is now underway at Dofner ANZAPLAN, a leading silicon metal metallurgy and process engineering Company. The process
design for testing is complete and physical material is currently being tested. The purpose of the metallurgical work is to
generate standard silicon metal (95-96% Si) and potentially solar grade silicon metal (99.9999%) process design options for
feedstock from the Company’s silicon projects.
Solar Industry
The global solar energy industry is expected to reach $422 billion by 2022 according to Allied Market Research, with a compounded
annual growth rate of 24.2% between 2016 and 2022. MGX has prioritized evaluation and development of its silicon projects for
silicon metal potential. One of the primary uses of silicon metal is in solar panels. Solar panels are a cornerstone to remote and
distributed energy solutions.
Energy Storage Applications
The adoption of grid storage is projected to increase exponentially over the next decade and development of photovoltaic (PV)
storage systems is seen as an essential driver to replace existing conventional sources. MGX has invested in low cost mass energy
storage systems through the acquisition of ZincNyx Energy Solutions (“ZincNyx”) in December 2017 (see press release December. 13, 2017). Solar, combined with a mass storage system such as that
currently under development by ZincNyx, serves to replace or augment diesel generators, as well as having broad applications in
energy storage for residential and commercial grid load balancing and backup, and in providing primary and backup power for
industrial sites, telecommunications, large scale computer server arrays and military bases. Additional information on the
integration of solar with ZincNyx energy storage systems is available at www.zincnyx.com.
Qualified Person
Andris Kikauka (P. Geo.), Vice President of Exploration for MGX Minerals, has prepared, reviewed and approved the scientific and
technical information in this press release. Mr. Kikauka is a non-independent Qualified Person within the meaning of National
Instrument 43-101 Standards.
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.
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.
Contact Information Jared Lazerson President and CEO Telephone: 1.604.681.7735 Web: www.mgxminerals.com
