PRESS RELEASE
MAG ONE ANNOUNCES THE APPOINTMENT OF A NEW DIRECTOR
Vancouver, B.C., Canada – August 28, 2019 – Mag One Products Inc. (the “Company” or “Mag One”) is pleased to announce that Mr. Dean Journeaux has agreed to join Mag One’s Board of Directors effective immediately. Mr. Journeaux has over five decades of experience in the mining industry. He has held various engineering, operations and management positions with Quebec Cartier Mining Company (now ArcelorMittal Mines Canada) and Met-Chem Canada Inc (now DRA Global-Met-Chem). His responsibilities included construction management of the Mont Wright iron ore project and pellet plant in Port Cartier, Quebec resulting in him being the driver behind Met-Chem becoming a recognized world leader in iron ore consulting. Beginning in 1999, as an independent consultant, Mr. Journeaux worked on various international projects, including bauxite, alumina, iron ore and coal mining in India and steel in Egypt. Mr. Journeaux received a Bachelor of Engineering (Mining) from McGill University and is a Member of the Ordre des ingénieurs du Québec (retired), a Member of the Association of Iron and Steel Engineers, a life member of the Canadian Institute of Mining, Metallurgy and Petroleum and a CIM Fellow.
Mr Journeaux was also a founder of New Millennium Iron Corp and served successively as a Director, Chief Operating Officer, President & Chief Executive Officer, and Executive Vice Chairman until 2015. He rejoined the board in 2017 and continues to act as an independent Director. With his extensive experience in project execution, public company governance, mining operations and management, Mr. Journeaux will be a key addition to Mag One’s Board and instrumental in providing strategic advice to the Company’s Executive Team.
Gillian Holcroft, President & CEO of Mag One, said the following, “I am honored to have Mr. Journeaux join our Board as an independent Director. His experience will be instrumental in guiding Mag One’s project development and engineering efforts. Our Company’s goal is to continue to focus on the rapid advancement of the design, development and commercialization of our game-changing suite of technologies to produce low cost, environmentally sustainable magnesium metal, including co-products and by-products.”
On behalf of the Board, “Gillian Holcroft”, President & CEO.
Neither the Canadian Securities Exchange nor CNSX Markets accepts responsibility for the adequacy or accuracy of this news release.
About Mag One
Mag One is a technology, processing & production company. Using its game-changing technology, Mag One aims to be the most environmentally friendly & sustainable producer of magnesium (Mg) metal, ultrapure Mg compounds, by-products and vertically integrated co-products. For further information or questions respecting the Company kindly contact the Company via email at: info@MagOneProducts.com. Additional information can be found on the Company’s website at www.MagOneProducts.com or by viewing the Company’s filings at www.sedar.com.
Forward-Looking Information
Information set forth in this press release may involve forward-looking statements, including statements relating to reinstatement for trading on the CSE. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and except as required by law, the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. For further information on risk, investors are advised to see the Company’s MD&A and other disclosure filings with the CSE regulators which are found at www.sedar.com.
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