For immediate release.
Mag One Products Inc.: NI 43-101 Technical Report Update and Announcement of a New Project Director
VANCOUVER, BRITISH COLUMBIA, CANADA/11 April 2017. MAG ONE PRODUCTS INC. (“Mag One,” or the “Company”), announced on March 22nd that it will produce a NI 43-101 Summary of Current and Scientific Technical Information as rapidly as possible. The Company is pleased to announce that this effort is well underway, and it is expected that Jacques Marchand (a Québec Ingénieur Géologue Conseil and Qualified Person per NI 43-101) will soon be submitting this report to Mag One management.
The Company also wishes to announce the engagement of the technical group of Dundee Sustainable Technologies Inc (“DST”) in Thetford Mines, Quebec to act as Mag One’s Project Support Team for all phases of the hydrometallurgical piloting effort. This program is designed to produce high-purity amorphous silica for the cement industry, as well as the precursor product required to produce high-purity magnesium oxide (MgO) for various chemical applications.
The team, led by Mr. David Lemieux a Chemical Engineer from the University of Sherbrooke, and his highly skilled team of engineers and scientists at DST are a welcome resource for Mag One. DST has years of experience in the development of hydrometallurgical processes for the mining industry, including asbestos tailings. Mr. Lemieux successfully led the development of DST technologies at a pilot scale on beneficiation of asbestos tailings to recover nickel. He is also co-inventor of 9 patents owned by DST and has published more than a dozen papers. In addition, Mr. Lemieux has supervised the construction of DST’s 15 tonnes per day (“TPD”) Demonstration Plant. Following a successful 1 TPD piloting program in Asbestos, Mag One has the option of using DST’s existing large scale 15 TPD demonstration plant to product larger quantities of high purity silica for potential offtake customers in the cement industry while the commercial 18,000 tonne per year manufacturing plant is being constructed.
Mag One’s technical team is also advancing on the development of its novel pyrometallurgical approach for Mg ingot production. To this end, Mag One has organized a technical review meeting on April 19th in Montreal to establish clear milestones that are geared towards moving this effort to the next level.
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 and compounds.
- 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.
Gillian Holcroft, Eng., M.Eng., President and Director of Mag One Products Inc., is the Company’s designated qualified person for this press release, and has reviewed and validated the information contained in it.
Signed: “Gillian Holcroft, Eng., M.Eng.”
President and Director
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.
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