MGX Minerals Announces Request for Extension from Q2 Filings Under COVID-19 Order

VANCOUVER, April 6, 2020 - MGX Minerals Inc. ("MGX" or the "Company") (CSE:XMG)(FKT:1MG)(OTC:MGXMF) announces it has requested an exemption for filing its Fiscal Q2 Financial Statements and MD&A under BCSC blanket exemption for relief order BCI 51-515:

1. The Company relies on section 4.4 [filing deadline for an interim financial report] of NI 51-102, and (5) [delivery of financial statements] of NI 51-102, section 5.1(2) [filing of MD&A] of NI 51-102, sections 5.6 [delivery of MD&A] of NI 51-102.
2. The Company's management, directors and other insiders are subject to a trading blackout as described, in principle, in section 9 of National Policy 11-207.
3. The Company estimates to file interim Q2 Financial Statement and MD&A within 30-45 days.
4. Material business developments since Q1 are described in the Companies Press Releases as filed on SEDAR and itemized below:

About MGX Minerals Inc.

MGX Minerals invests in commodity and technology companies and projects focusing on battery and energy mass storage technology, advanced materials, the extraction of minerals and metals from fluids, water filtration, and gasification. MGX conducts exploration for battery metals (Ni-V-Li-Co-Pt-Pd), industrial and agricultural minerals (MgO-Si-Nb), gold, and hydrogen. At the most recent financial quarter, October 31^st, 2019, MGX Minerals had $26.6 million in assets and $6 million in liabilities and loans.

Contact Information

Patrick Power
Chief Executive Officer
ppower@mgxminerals.com
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.

SOURCE: MGX Minerals Inc.