(via TheNewswire)

November29,2021 –The press wire –Vancouver, BC MGX Minerals inc. (the “Society”)(CNSX: XMG.CN) (OTC:MGXMF)announcement that he has requested a temporary cessation of management Trade order (“MCTO“) of British Columbia Securities Commission (“BCSC”) Within the framework of the Company filing of its annual audited financial statements and its management report for the year ended July December 31, 2021.

The Company is asking the MCTO to obtain additional time to consolidate the financial information of its operations, as the Company has changed its financial director and accountant. The Company announced the appointment of Sandey wang, CPA as Interim Chief Financial Officer.

The Company also advises that its statutory auditor SHIM & Associés SENCRL, SENCRL (the “Listener“) remains the same.

In addition, the Company notes that:

  1. 1.TheSocietyisobligatoryToto filehisJuly31,2021checkedannualfinancialdeclarations, management report and analysis andthe CEO concerned andCFO certifications inrespect for suchdeposits (collectively theAnnualDeposits”)all in accordance with IFRS by November 29, 2021 (theDeadline for submission“), likerequired under NI 51-102. The Company does not anticipate that it will beableToCompletedits annualDepositstoor beforetheDepositDeadline.

  1. 2.The Company and its auditor are working diligently to prepare and file annual documents no later than December 29, 2021.

  1. 3.The Company confirms thatthisforToproblemstatusreporttobiweeklyas long as there is no Filing Deadline with regard to theAnnualDeposits.

  1. 4.There is no other material information concerning the affairs of the Company which

The Company has imposed an insider trading blackout pending filing of annual reports, and will adhere to alternative disclosure guidelines outlined in National Policy 12-203 Termination of management To exchange Orders during such a period.

On MGX Minerals inc.

MGX Minerals is a Canadian resource and technology company. Contact details:

Interim Chief Financial Officer

[email protected]

Web: www.mgxminerals.com

Reader Advisory

This press release may contain statements that constitute “forward-looking information” which are subject to risks and uncertainties. All statements contained herein, except historical statements fact, should be considered forward-looking, including statements regarding plans, intentions, current beliefs and expectations of the Company and its directors or officers regarding the future business activities of the Company. The words “may”, “would”, “could”, “will”, “Intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, such as report To the Society, Where his management, are destined To identify Phone looking to the future statements. Although the Company believes that the expectations expressed in these are based on reasonable assumptions, this information does not constitute a guarantee of actual performance and results or developments may differ materially from those contained in forward-looking information. The information provided in this document is necessarily summarized and may not contain all of the important information available. Although the Society has attempted to identify important factors that could cause actual results, performance or achievements to differ substantially from those contained in forward-looking statements, there may be other factors that ensure that results, performance or achievements are not those anticipated, estimated or planned. Factors this could cause real results To to differ materially of those in looking to the future information understand, corn are not limit To, fluctuations in Marlet prices, Success of the operations of the Society, continued availablity of Capital city and funding and general economic, market or business conditions. There can be no assurance that this information will be prove to be accurate and, therefore, readers should not place undue reliance on statements. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company assumes no obligation to update information except like obligatory under the in force securities laws.

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