For immediate release.
Mag One receives independent confirmation of its innovative MgO production process
VANCOUVER, BRITISH COLUMBIA, CANADA/18 JULY 2016.
MAG ONE PRODUCTS INC. (“Mag One” or the “Company”) has retained a team of consultants to conduct an independent confirmation (“proof of process”) investigation of the Company’s innovative technology for producing high-purity MgO (magnesium oxide) which can be sold directly, and/or converted to other valuable magnesium products such as magnesium hydroxide (MgOH2) and magnesium metal. In addition, this novel process has the potential for producing valuable Mg byproducts and related
compounds.
Recently, the team performed bench-scale laboratory tests using state-of-the-art facilities at the Department of Chemical and Biotechnological Engineering at the Université de Sherbrooke (“UdS”) in Quebec, Canada. The team is headed by Professor Dr. Gervais Soucy, with important assistance provided by Dr. Jean-Marc Lalancette and Mr. Denys Pinard, M.Sc.
This team was chosen because of their extensive experience with Serpentinite material processing and their ability to
identify opportunities for producing value-added byproducts. It has been agreed that any new intellectual property
generated by this team during the course of this work will be the property of Mag One Operations Inc., the Company’s wholly-owned operating subsidiary in Quebec.
Serpentinite:
To date, results of their work have shown that the process has the potential for producing greater than 98 weight percent MgO along with the potential to produce a saleable byproduct with a commercial value that could be
equal to or greater than the MgO product. In addition to working with experts at UdS, Mag One has engaged SNC Lavalin in Australia to carry out an independent review of the economics of the Company’s novel process for producing MgO and potentially valuable byproducts. SNC was chosen for this mandate as their lead engineer has over 30 years of experience with complex hydrometallurgical flowsheets and is in a position to quickly provide valuable input that will invariably improve the overall process performance.
Signed:
N. M. Skalbania, Chairman
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.
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