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MGX reports initial revenue and performance data from the successful commercialization of its first petrolithium system in Alberta

ZURICH, SWITZERLAND / ACCESSWIRE / January 17, 2019 / Today, MGX Minerals Inc. (XMG.CN); (MGXMF); (1MG.F) announced results from the successful commissioning of its first wastewater treatment system currently under contract with a major oilsands SAGD producer in Alberta, Canada. The commercial-scale 5m3/hour (750 barrel/day) NFLi-5 advanced wastewater treatment system is capable of processing evaporator blowdown water (EBD) and started operations in late November 2018.

Today's reported commissioning results are based on a 3-week study period in December 2018 and demonstrate that the system was "highly successful in achieving all treatment chemical key performance indicators", the company stated. "Most notable were treatment outcomes, which included removal of silica, calcium and magnesium totaling 99.7%, 88% and 72%, respectively. Additionally, total suspended solids in the treated product were non-detectable, effectively creating a clean water by-product for reuse."

This now marks the historic achievement of having successfully deployed a fully functional commercial system capable of cleaning highly contaminated EBD production wastewaters from the oilsands industry. No other company can achieve such on a commercial-scale, which gives MGX Minerals a prominent first mover advantage in this multi-billion industry eagerly looking for ways to significantly reduce operational costs and environmental footprints (e.g. GHG emissions and toxic wastewater disposal).

The full report can be accessed withthe following links:

English (web version): http://rockstone-research.com/index.php/en/research-reports/5341-MGX-Minerals-reports-initial-revenue-and-performance-data-from-the-successful-commercialization-of-its-first-wastewater-treatment-system-in-Alberta

English (PDF): http://rockstone-research.com/images/PDF/MGX86en.pdf

German (PDF): http://rockstone-research.com/images/PDF/MGX86Bde.pdf

German (web version): http://rockstone-research.com/index.php/de/research-reports/5342-MGX-Minerals-berichtet-ueber-anfaengliche-Einnahmen--und-Performance-Daten-von-der-erfolgreichen-Kommerzialisierung-der-ersten-Petrolithium-Anlage-in-Alberta

Disclaimer: This report 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. Rockstone Research and MGX Minerals Inc. cautions investors that any forward-looking information provided herein 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 MGX´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the MGX´s profile on SEDAR at www.sedar.com. Cautionary Statement: MGX Minerals Inc. ("MGX") may decide to advance its petrolithium projects into production without first establishing mineral resources supported by an independent technical report or completing a feasibility study. A production decision without the benefit of a technical report independently establishing mineral resources or reserves and any feasibility study demonstrating economic and technical viability creates increased uncertainty and heightens economic and technical risks of failure. Historically, such projects have a much higher risk of economic or technical failure. Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist. MGX Minerals Inc. has paid Zimtu Capital Corp. to provide this report and other investor awareness services.The author, Stephan Bogner, holds a long position in MGX Minerals Inc. and is being paid by Zimtu Capital Corp. for the preparation and distribution of this report, whereas Zimtu Capital Corp. also holds a long position in MGX Minerals Inc.

SOURCE: Rockstone Research