MGX Minerals Announces Mobilization of Field Crew to Heino-Money Gold Deposit in Support of N.I. 43-101 Technical Report

May 22, 2020

VANCOUVER, BC / ACCESSWIRE / May 22, 2020 / MGX Minerals Inc. ("MGX" or the "Company") (CSE:XMG)(FKT:1MG)(OTC PINK:MGXMF) is pleased to announce that a field crew including MGX Vice President of Exploration and Vice President of Operations have mobilized to the Heino-Money Deposit and Tillicum Claims. The field crew has cleared 11km of mine access road at the end of 14km of active logging road, connected to the main British Columbia highway system. With the exception of seasonal snow and occasional forestry debris, the mine access and logging roads are in excellent condition and appear suitable for haulage. The field crew has now reached the previously constructed 75 man camp and begun assessing the existing structures. The field crew expects to reach the core storage shortly, where approximately 40,000 meters of diamond drill core is reported to be stored. In excess of 400 diamond drill holes are reported to have been completed by previous owners, approximately half of which were drilled from 5 levels of underground development. In the coming weeks, the field crew plans to attempt to reach the multiple existing mine portals. Current site activities are in support of a Technical Report expected to be prepared in accordance with the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and filed in June, as well as preparation for structural engineering review for the purpose of underground bulk sampling. Previous production at the property included a 5,503 ton bulk sample grading 0.599 ounces per ton in 1993 from the Heino-Money Zone processed using gravity separation and flotation. See British Columbia MINFILE 082FNW234 for detailed information regarding the deposit and claims.

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