Montreal Quebec, September 27, 2018 - Manganese X Energy Corp. (TSXV: MN) (the "Company" or "Manganese X ") is pleased to provide an update on its fall exploration program underway on the Peter Lake Property, located near the town of Sainte-Anne du Lac, Quebec.
Results from nine blast pit samples collected from the Peter Lake North and South Occurrences returned assays of 5.38% Copper, 0.96% Nickel and 922 ppm Cobalt; as well as other anomalous samples. The work was conducted -- The North and South Occurrence mineralization is associated with mafic intrusions within a metasedimentary sequence of rocks and has been traced intermittently on surface for approximately 2 kilometers. The preliminary blast sampling program indicates a mineralization grade averaging 2.23% Copper, 0.59% Nickel and 458 ppm Cobalt. Each sample consisted of 4-5 kgs of material collected from surface to an approximate depth of 1.53 meters. Hole #9 was made on sterile rock with no apparent mineralisation for comparison purposes The sample program was completed under the supervision of consulting geologist Rémi Charbonneau Ph.D. PGeo independent Inlandsi Consultants senc. Qualified Person for Peter Lake Project .Full assay results are summarized in the table below. The assaying was performed by Laboratoire Expert Inc in Rouyn-Noranda, Quebec.
| Peter Lake Property — Blast Pit Assay Results (UTEM Zone 18) |
| Sample ID | Easting | Northing | Description | Copper (%) | Nickel (%) | Cobalt (ppm) |
| PLNBT-01 | 480738 | 5227235 | North Occurrence — Surface to 1.53m Depth | 2.86 | 0.93 | 542 |
| PLNBT-02 | 480717 | 5227150 | North Occurrence — Surface to 1.53m Depth | 2.39 | 0.81 | 373 |
| PLNBT-03 | 480646 | 5227053 | North Occurrence — Surface to 1.53m Depth | 0.43 | 0.29 | 917 |
| PLNBT-04 | 480578 | 5226986 | North Occurrence — Surface to 1.53m Depth | 1.56 | 0.79 | 355 |
| PLNBT-05 | 480572 | 5226977 | North Occurrence — Surface to 1.53m Depth | 2.24 | 0.88 | 344 |
| North Occurrence Average | 1.90 | 0.74 | 506 |
| PLSBT-06 | 479517 | 5226075 | South Occurrence — Surface to 1.53m Depth | 5.38 | 0.26 | 400 |
| PLSBT-07 | 479520 | 5226052 | South Occurrence — Surface to 1.53m Depth | 2.69 | 0.96 | 922 |
| PLSBT-08 | 479527 | 5226065 | South Occurrence — Surface to 1.53m Depth | 2.39 | 0.36 | 214 |
| PLSBT-09 | 479531 | 5226086 | South Occurrence — Surface to 1.53m Depth | 0.10 | 0.03 | 54 |
| South Occurrence Average | 2.64 | 0.40 | 397 |
| Combined Average Grades | 2.23 | 0.59 | 458 |
| Notes: Assays were performed by Laboratoire Expert Inc., Rouyn-Noranda, Quebec, using method code AAT-7 and AAT-8. |
Preliminary flotation test work previously completed in 2013 by URSTM (Unite de recherche et de service en technologie minerale) of Rouyn-Noranda, Quebec on Peter Lake mineralization indicated excellent copper recoveries in the 98% range and Nickel recoveries ranging from 82% to 89%.
Roger Dahn, VP Exploration and a director of the Company states, "We are excited about the Peter Lake property, besides the obvious copper — nickel -cobalt potential associated with the mafic intrusions, we are also paying special attention to the cobalt - copper potential of the nearby metasediments of the Rabot Suite". The Company is applying a geological model based on the Blackbird District of Idaho, USA in its exploration approach to evaluate potential sediment hosted cobalt - copper at Peter Lake. The Blackbird District is reported to have total production and resources of approximately 17 Mt grading 0.7% Cobalt and 1.4% Copper (Bookstrom et al. 2016).
The fall exploration program at Peter Lake continues with planned soil geochemical and ground geophysical surveys (induced polarization and magnetics), a regional airborne magnetic survey and geology/prospecting to identify and prioritize potential targets for a follow-up diamond drill program. Further results will be released in a timely manner.
This news release has been reviewed and approved by Roger Dahn, P. Geo., who supervised the preparation of the technical information in this news release. Roger Dahn is a Qualified Person as defined by National Instrument 43-101.
About Manganese X Energy
Manganese X Energy's mission is to acquire and advance high potential manganese as well as additional mineral prospects located in North America with the intent of supplying value added materials to the lithium ion battery and other alternative energy industries as well as the steel industry. In addition, our company is striving to achieve new methodologies emanating with environmentally friendly green/zero emissions processes and producing manganese at a lower competitive cost.
For more information, visit the website at www.manganesexenergycorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Martin Kepman
CEO and Director
martin@kepman.com
1-514-802-1814
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company's filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information.
