Nelson Skalbania, Chairman of Mag One Products, is Interviewed by Investmentpitch Media's Barry Morgan - Video News Alert on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - July 8, 2015) - Nelson Skalbania, Chairman of Mag One Products (CSE: MDD) (FSE: 304), is interviewed by Investmentpitch Media's Barry Morgan. The company's program to build a facility for processing magnesium silicate ore and producing 99.9% pure magnesium ingots at its manufacturing site near Danville, Quebec is now well underway. The land for plant construction and the ore reserves have both been secured and engineering drawings for the plant are being prepared.

This video interview (click here) can be viewed at InvestmentPitch.com. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Mag One" in the search box.

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http://www.investmentpitch.com/video/0_9chdfq1q/Nelson-Skalbania-Interview--Mag-One-Products-Inc-CSE-MDD

Mag One's target magnesium manufacturing cost is US$1,400 per tonne, which is considerably less than any competitor's cost and is also lower than the current selling price of aluminum. This target is achievable if Mag One is successful in implementing its proprietary processing technologies concurrently with attaining its proposed CAPEX goal of US$20 million per each 5,000 tonne per annum modular production facility.

At present, there is only one magnesium manufacturing plant in North America, in Salt Lake City, Utah, where magnesium chloride-bearing brine from the Great Salt Lake is being processed to produce 7% of the world's magnesium. China, which produces over 85% of the magnesium metal consumed globally, pays a high countervailing duty to export magnesium ingots and powders to the U.S. However, production from Canada, a member of NAFTA, will have no such surcharge. Thus it is very significant that, today, the selling price of 99.9% pure Mg ingots is more than US$4,000 tonne in the U.S. but is only US$2,500 per tonne elsewhere.

The company announced a private placement of 2,500,000 units at CDN$0.80 per unit, with each unit to be comprised of one common share and one full warrant exercisable at CDN$1.00 per share for twelve months. The shares are trading at $0.98.

For more information, please visit the company's website www.magoneproducts.com.

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