For immediate release.
MAG ONE PRODUCTS INC. IS A
MAGNESIUM PRODUCTION AND TECHNOLOGY COMPANY
VANCOUVER, BRITISH COLUMBIA, CANADA/22 March 2016.
MAG ONE PRODUCTS INC. (“Mag One” or “Company”) wishes to underscore that it is a magnesium (Mg) production and technology company that will use an already-mined resource (serpentinite tailings) in the Danville area of Quebec to manufacture 99.9% pure Mg ingots and ultra-pure Mg compounds. Mag One is not a mining/exploration company.
At the Company’s proposed plant site near Danville, there are more than 300 million tonnes of serpentinite tailings. It was disclosed in previous Mine Jeffrey and Magnola reports that the tailings are compositionally uniform throughout, with an estimated 22% Mg content. Mag One has already secured 30 million tonnes of these tailings and this amount alone is sufficient for 70 years of Mg ingot production at Mag One’s target manufacturing rate of 100,000 tonnes of Mg per annum. Significantly, many more tonnes of tailings are available to Mag One if ultimately required. But Mag One stresses that simply having a large mass of Mg ore is not the “key to the mint.” The Company’s innovative, proprietary, game-changing, patent- and patent application-protected production process and modular plant concept are the keys to
competing successfully in today’s world markets.
To reconfirm the consistency and quality of its ore, Mag One retained a geo-metallurgical company to characterize a portion of the tailings. The geologist from this company reported that, “The magnesium is part of the ‘whole rock’ chemistry that is very homogeneous compared to other mineral resources. The variability is in the minerals present but all contain approximately the same amount of Mg, 22% +/- 1%.” The sampling work involved digging 3m x 120m trenches spaced 50m apart, along with 18 test pits. A total of 96 samples were taken, and those analyzed so far contain an average of 23 wt. % Mg.
"Nelson M. Skalbania, B.Ap.Sc., M.Sc., P.Eng.”
Chairman of the Board
MagOneProductsInc.is a company that aims to be the diamond standard in the magnesium (Mg) market by concentrating on four projects at its manufacturing plant site in southern Québec,Canada.
- Production of high-purity MgO, Silica and other saleable co-products, byproducts andcompounds.
- Production of 99.9% pure Mg ingots.
- Assembly and sale of magnesium oxide-based structural insulated sheathing panels.
- MagPower’s Mg-Air Fuel Cell for emergency power on sea and land.
Key advantages that these four projects share are Mag One’s advanced technologies, a modular processing plant expansion concept, and the Company’s easy access to tonnes of serpentinite tailings.
Signed: “Nelson M. Skalbania.”
CEO & Chairman
www.MagOneProducts.com
For further information or questions kindly contact the Company via email: info@MagOneProducts.com
Mag One is listed on the CSE with the symbol, “MDD”, the Börse Frankfurt stock exchange (“Frankfurt”) with the ticker symbol “304” and the OTCQBwithtickersymbol"MGPRF”.Certainstatementscontainedinthisreleasemayconstitute"forward–lookingstatements"or"forward-looking information"(collectively"forward-lookinginformation")asthosetermsareusedinthePrivateSecuritiesLitigationReformActof1995andsimilar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. This release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof andthe Company is not obligated to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein. This news release does not constitute an offer of securities for sale in the United States. The Frankfurt Boerse, OTQ Markets Group Inc., CSE, or CNSX Markets have not reviewed this news release and does not accept responsibility for the adequacy or accuracy of the content of this news release. Issuers of news releases. are solely responsible for the accuracy of such news releases. For further information on risk, investors are advised to see the Companies MD&A and other disclosure filings with the CSE regulators which are found at www.sedar.com.
#145 - 925 Georgia Street West, Vancouver, BC V6C3L2 Canada
T:+1.604.669.4771 Fx: +1.604.669.4731 E: info@MagOneProducts.com www.MagOneProducts.com