CORPORATE PRESENTATION – MAY 2016

DEVELOPING STRATEGIC METALS FOR THE FUTURE

Cautionary Statement on Forward-Looking Statements

This presentation is for viewing purposes only and does not constitute an offer or invitation to make an

investment. No part of it is to be seen as a contract of any kind. This presentation includes “forward-

looking statements” regarding business and project plans. Where the presentation expresses or implies

an expectation or belief as to future events or results, such expectation or belief is believed to have a

reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other

factors, which could cause actual results to differ materially from future results expressed, projected or

implied by such forward-looking statements.

Qualified Person

Mr. Andris Kikauka, P. Geo., Vice President of Exploration for MGX Minerals and a Qualified Person

within the meaning of National Instrument (N.I.) 43-101 guidelines, has reviewed and approved the

technical content of this presentation.

DISCLAIMER

MANDATEAcquire, Develop and Operate Multiple Industrial &

Strategic Mineral Mines Across North America

OBJECTIVEBring 7-10 Industrial Mineral Mines Online Over Next

Decade; Build Significant Shareholder Value

PROFILENear-Term Production, Minimal Barriers to Entry,

Low Initial Capital Expenditures

Photo: Phase I Drilling @ Driftwood Creek – September 2014

MGX MINERALS INC.

Photo: Brisco-Driftwood mining district; On Site @ Driftwood Creek

INVESTMENT SUMMARY

INDUSTRIAL MINERALS FOCUSFocused on mining critical industrial minerals

to supply domestic market demand

TIER-ONE JURISDICTIONSOperating in secure and mining-friendly

regions of North America

NEAR-TERM POTENTIALDeveloping projects that offer near-term cash flow

and require low initial capital expenditures

DIVERSIFIED MINERAL ASSETSProject portfolio that will support objective of

multiple mines across multiple minerals

TIGHT SHARE STRUCTURE38 million shares outstanding; 49 million fully diluted

• Magnesium (Mg) is a non-metallic abundant alkaline earth metal that

represents an important material for today’s modern lifestyle-

smartphones, automobiles, aircrafts, and other everyday essentials

all require magnesium

• Magnesium’s unique characteristics make it 75% lighter than steel and

33% lighter than aluminum while still offering comparable strength-to-

weight ratios

• Magnesium Oxide (MgO) can be fused into three end-market products:

• Caustic Calcined Magnesia (CCM); 75-98% MgO purity

• Dead Burn Magnesia (DBM); 88-96% MgO purity

• Electro Fused Magnesia (EFM); 96+% MgO purity

WHAT IS MAGNESIUM?

MAGNESIUM MATTERS

Reducing Agent 30%

Aluminum Alloying 35%

Castings and Wrought products 15%

Desulfurization 10%

Other 10%

Primary Uses of Magnesium Metals

Source: U.S. Geological Survey Mineral Commodity Summaries 2015

• Magnesium is the third most used structural metal

behind iron and aluminum; 7 million tons consumed

worldwide in 2014; consumption growing 6% annually

• Magnesium considered a critical strategic metal by the

United States and European Union

• China responsible for approximately 80% of annual

worldwide production

• Only two operating magnesium mines in North America

Based on the results of the 2015 Requirements Report research, the NDS Program recommends new authorities for

twelve materials exhibiting a net shortfall: aluminum oxide, antimony, beryllium, carbon fiber, chlorosulfonated polyethylene,

europium, germanium, lanthanum, manganese metal,and Silicon carbide fiber.Magnesium

”

“

MAGNESIUM: A CRITICAL METAL

UNITED STATES DEPARTMENT OF DEFENSE

STRATEGIC AND CRITICAL MATERIALS 2015 REPORT:

Source: Department of Defense 2015 Report on Stockpile Requirements

DRIFTWOOD CREEK MAGNESIUM DEPOSIT

CANADA’S NEXT MAGNESIUM OXIDE MINE

Photo: Magnesite-bearing gossan @ Driftwood Creek

• Located in Established Mining District: Driftwood Creek resides in the

Driftwood mining district of southeastern British Columbia; 164

kilometers north of Cranbrook, B.C.

• Near-Term Production Profile: Bulk sample underway;

Mining lease application pending approval

• Mining and Milling: Amenable to open-pit mining and established

beneficiation methods

• Excellent Infrastructure: Access to rails, road, labor and electricity in

established mining district

• Favorable Geology: Magnesite mineralization traced over 2,000 meters;

remains open in both directions and at depth

DRIFTWOOD CREEK OVERVIEW

Driftwood Creek

DRIFTWOOD REGIONAL GEOLOGY

TWO ZONES DELINEATED TO DATE

2014-2015 CORE DRILLING

2014 Drilling

2015 Drilling

* Note: Intervals represent drilled thickness, not true widths

PHASE I EASTERN ZONE DRILLINGDDH From (m) To (m) Interval (m) MgO% CaO% SiO2%

14-1 1.00 27.00 26.00 42.55 0.75 5.86

14-2 2.00 51.00 49.00 43.04 1.06 5.18

14-2A 0.35 36.00 35.65 41.83 1.50 6.83

14-3 2.80 9.00 6.20 41.04 1.16 8.33

14-3 21.00 63.00 42.00 41.52 1.33 6.49

14-4 0.80 9.00 8.20 43.20 1.24 4.12

14-4 21.00 66.00 45.00 41.92 2.08 4.71

14-5 24.00 71.63 47.63 41.43 1.64 6.87

14-6 3.00 18.00 15.00 42.62 1.92 5.54

14-6 30.00 36.58 6.58 41.92 0.69 9.01

14-7 0.20 54.00 53.80 43.10 1.17 4.93

* Denotes drill hole ended in magnesite

PHASE II WESTERN ZONE DRILLINGDDH From (m) To (m) Interval (m) MgO% CaO% SiO2%

2015-1 6.0 63.0 57.0 43.07 1.30 4.47

2015-1 81.0 121.92 40.92 43.87 0.50 6.76

2015-2 2.74 45.0 42.26 42.60 0.67 7.56

2015-2 54.0 91.44 37.44 41.55 0.31 11.46

2015-3 0.61 65.53 64.92 40.71 0.92 13.13

2015-4 30.0 128.02 98.02 44.28 0.97 3.40

2015-5 63.0 90.0 27.0 44.21 0.47 3.94

2015-5 108.0 123.0 15.0 42.7 0.68 7.71

2015-6* 1.0 75.0 74.0 42.27 0.83 9.74

2015-6 87.0 114.3 27.3 42.48 0.5 9.42

2015-7 0.8 18.0 17.2 40.5 0.52 11.95

2015-7A 3.0 9.0 6.0 38.4 0.62 16.1

2015-8 36.0 90.0 54.0 43.63 0.41 5.98

2015-9 12.0 78.0 66.0 43.43 0.76 5.10

2015-10* 9.0 43.28 34.28 41.25 0.64 9.77

2015-11 3.0 12.0 9.0 40.73 0.79 11.86

2015-11A 1.5 15.0 13.5 39.15 0.72 14.96

2015-12* 24.0 112.78 88.78 43.81 0.68 4.63

DEPOSIT BLOCK MODELS

Figure 1 (Above): Driftwood Creek lithology profile, Western and Eastern zones, looking northwest

Figure 2 (Above Right): Driftwood Creek mining block grade distribution, Eastern zone

Figure 3 (Right): Driftwood Creek deposit lithology profile, Eastern and Western zones, looking north

Mining Beneficiation Secondary Processing Magnesium Oxide

MINE TO MARKET

Stated Cranbrook Mayor Lee Pratt:This is exciting news for the city and surrounding

region. MGX Minerals will be a great fit in Cranbrook helping diversify our industrial sector, one of our key economic priorities, and creating new employment

opportunities. There are strong synergies between MGX and the community, and I look forward to working with

MGX as they advance their development.

”

“

• Definitive agreement signed to acquire

Cranbrook mill site from Tembec Inc.

• Centrally located in Cranbrook, British Columbia

industrial park; complex spans 38 hectares (98 acres)

• Fully serviced industrial site with access to natural

gas, water, power and railroad

• Provides centralized location to process

mineralized material from numerous operations

throughout region

CRANBROOK MILL SITE ACQUISITION

AREA IN PROGRESS COMPLETED

Mine Preparation

100-Tonne Bulk Sample

N.I. 43-101 Resource Estimate

Mine Plan Optimization

Drill Programs (2)

Haul Road Layout

EnvironmentalAIA Study

Environmental BaselineAOA Study

PermittingOperating Permit Application

Construction Permit Application

Mining Lease Application

Final Land Survey

FinancingConstruction/Equipment

Processing PlantExploration

DRIFTWOOD CREEK PATH TO VALUE

MILESTONE TIMEFRAME

Mine Plan & Operating

Permit ApplicationSpring 2016

Construction & Assembly Summer 2016

Commence Mining Fall 2016

DRIFTWOOD CREEK TIMELINE

March 15, 2016

MGX Acquires LIDAR Mapping Data - Prepares Maiden N.I. 43-101 Resource Estimate at

Driftwood Creek

February 25, 2016

MGX Completes Haul Road Layout at Driftwood Creek

January 11, 2016

MGX Receives Approval of Mining Lease for Driftwood Creek

December 11, 2015

MGX Reports Mobilization for Bulk Sample at Driftwood Creek Now Underway

October 29, 2015

MGX Reports Phase II Drill Results- 88 Meters of 43.41% Magnesium Oxide in Hole 2015-12

RECENT DRIFTWOOD PRESS RELEASES

UPCOMING DRIFTWOOD MILESTONES

• Completion of Maiden National Instrument (N.I.) 43-101 Mineral Resource Estimate

for Driftwood Creek

• Completion of 100-tonne Bulk Sample from Driftwood and Shipment to Industrial Furnace

Company in Rochester, New York for Pilot Plant Testing

• Mining Lease application decision (currently under review by British Columbia Chief

Gold Commissioner)

• Completion of Cranbrook mill site purchase from Tembec for CA$3.7 million

• Lithium (Li) is the lightest and least dense element found on earth;

positions it as best solution for high-density portable energy storage

• Lithium-ion batteries represent the most viable solution for lightweight

and durable power sources in the emerging rechargeable battery market

• Lithium does not occur as a pure element in nature and instead

concentrates over time within endogenous (i.e. granitic pegmatites) and

exogenous (brine solutions) environments

• Spot prices for Lithium Carbonate have increased 7x over last 15 years

LITHIUM: A METAL FOR THE FUTURE

GOLDMAN SACHS

EMERGING THEME RADAR:

Source: Goldman Sachs Equity Research, Emerging Theme Radar, December 2, 2015

What if I told you that lithium is the new gasoline. Oil derivatives have

been the primary source of transportation energy since the commercialization of the

internal combustion engine ...electric vehicles (EVs) appear poised for a sustained period of superior

growth...

”

“GOLDMAN SACHS

EMERGING THEME RADAR:

AN INCREASINGLY PRECIOUS METAL

0

5

10

15

20

25

30

35

40

45

2011 2012 2013 2015 2020

Lithium Demand Forecast ($ Billions)

Source: U.S. Geological Survey Mineral Commodity Summaries 2016

Batteries, 35%

Glass/Ceramic, 32%

Lubricants, 9%

Chemicals, 9%

Other, 15%

Primary Lithium Applications

• Strategic land position spanning 300,000 hectares throughout

mining-friendly Province of Alberta

• Properties located within and around past producing oil fields that

are fully serviced with roads, power and wellheads in place

• Permits cover some of the highest reported levels of lithium-bearing

brine throughout Province reaching up to 140 mg/L lithium(1)

• 16 past producing wells identified to date within Swan Hills formation

near Fox Creek covering an area of approximately 8.0 x 3.2 kilometers

• Six permits located within Fox Creek area with reported historic lithium

values ranging between 115-140 mg/L lithium

ALBERTA LITHIUM PROPERTIES

(1) All assays referenced are from the geoScout Oil & Gas Industry database as reported by well operators and monitored by the Government of Alberta

• Reduction in production time of lithium brine

by >99% over current production time for brine

• Multiple end market products including lithium

carbonate, sodium chloride and calcium chloride with

potential for production of boron and bromine;

• Strategic sourcing of reagents to reduce input costs

• Application of energy efficient technology to reduce

operating expenditures (OPEX)

• Utilization of existing oil and gas infrastructure as

well as equipment to reduce capital expenditures

(CAPEX) and decrease construction time

SCOPING STUDY RESULTS

The Company is actively working on bringing its Alberta Lithium Properties into production within the next 12 months.However, readers are cautioned that the Company has not completed a pre-feasibility or feasibility study whichestablishes mineral reserves with demonstrated economic and technical viability. Further, the Company cautionsreaders that any potential production may not be economically feasible and historically projects taken to productionwithout establishing reserves through a feasibility study have a much higher risk of economic or technical failure.

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2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Lithium Carbonate Prices (Mt)

RECENT ALBERTA LITHIUM PRESS RELEASES

April 18, 2016

MGX Minerals Announces $500,000 Strategic Private Placement for Alberta Lithium

Development Financing

April 14, 2016

MGX Minerals Receives Initial Process Design and Scoping Study for Production of Lithium

Carbonate

April 14, 2016

MGX Minerals Further Expands Lithium Land Position to 300,000 Hectares in Alberta

February 29, 2016

MGX Engages Cementation AG for Pilot Plant Engineering at Alberta Lithium Fields

STOCK INFORMATION

CAPITALIZATION

Shares Outstanding 38,923,017

Options / Warrants 10,517,662

Fully Diluted 49,440,679

CSE: XMG

FWB: 1MG

STOCK EXCHANGES

1-YEAR PERFORMANCE

TRADITIONAL MINING RISKS MGX BUSINESS MODEL

Significant Capital

Requirements

Major capital

requirements to

construct mine

Minimal Capital

Investment

Less capital required;

quicker payback periods

Margin Contraction

Capital intensive and

vulnerable to cost

overruns

Fixed Operating InputsLong-term supply and

energy contracts

Mine PerformanceSubject to variance in

grade, dilution, etc.Open Pit, Quarry Mining

Shovel and scoop mining

with no tailings

Permitting RisksSignificant risks and

timeline to obtain

permits

Streamlined PermittingSmall mine permit

applications

THE MGX ADVANTAGE

LEADERSHIP TEAM

BOARD OF DIRECTORS

Lyndon Patrick (LLB), Director

H. David Read (MBA), Director

Jared Lazerson, Director

Michael Reimann (Ph. D), Director

Andris Kikauka (P. Geo), Director

MANAGEMENT TEAM

Jared Lazerson, CEO

Michael Reimann (Ph.D), CFO

Andris Kikauka (P. Geo), VP Exploration

TECHNICAL CONSULTANTS

Glen Rodgers (P. Eng, P. Geo), Engineering Consultant

Peter Klewchuk (P. Geo), Geological Consultant

Norman Tribe (P. Eng.), NI 43-101 Independent Technical Consultant

For Further Information Please Contact:

Jared Lazerson

President and CEO

Phone: 1.604.681.7735

Email: jared@mgxminerals.com

Web: www.mgxminerals.com

CONTACT INFORMATION