MGX Minerals Inc. announced formation of the PetroLithium Corporation of America, a 100% owned U.S. subsidiary of the company (the PetroLithium Corporation).

MGX has formed the PetroLithium Corporation to enter significant mineral, oil, and environmental markets in the United States. The oilfield technical and acquisition team will be headed by Dr. Larry Marks. Dr. Marks was with Royal Dutch Shell for 30 years and held Project Director positions at The Hague, which covered the Middle East and Africa. Dr. Marks will be primarily responsible for acquisition of lithium-bearing brine and oil wells for PetroLithium Corporation. Product development and sales will be overseen by Mr. Claudio Manissero. Mr. Manissero was formerly Director of Sales at FMC Lithium. Mr. Manissero has had an extensive career with FMC Corp. spanning over 20 years. The scientific team will be led by Dr. Preston McEachem, a leader in water management in the oil and gas industry, Dr. McEachem has 23 years' experience in solving water challenges. He holds three faculty appointments with Canadian Universities and was previously Vice President of Research and Development at Tervita. Dr. McEachem is the CEO of Purlucid Treatment Solutions Inc., MGX's engineering partner.