During Potential Investment Discussions with MagIndustries, Qinghai Salt Lake Industry Company Limited Will Halt Trading

TORONTO, ONTARIO--(Marketwired - July 7, 2015) - MagIndustries Corp. (TSX:MAA) (the "Company" or "MagIndustries") announced today that further to its press releases of February 9, 2015 and April 6, 2015, that discussions have continued with Qinghai Salt Lake Industry Company Limited ("Salt Lake") concerning the potential investment referred to therein.

Salt Lake, an A share listed company on the Shenzhen Stock Exchange, announced today that it has continued discussions with MagIndustries concerning a potential investment in the Company or its assets. Because of uncertainty that an agreement can be reached regarding the terms of any particular investment in the assets or securities of MagIndustries, in order to follow fair disclosure obligations to the public, and avoid unusual fluctuations of its stock price in the market, Salt Lake will enter a trading halt from July 8, 2015 (Wednesday) for approximately five (5) trading days. Salt Lake will resume trading upon further disclosure.

There is no certainty that an agreement can be reached upon terms of any particular investment in the assets or securities of MagIndustries. Furthermore any such investment may require regulatory and/or shareholder approval in order to be completed.

About Qinghai Salt Lake Industry Company Limited

Salt Lake is controlled by the Qinghai State-owned Assets Supervision and Management Commission. Salt Lake is the largest domestic producer of potash in China based on operations located on Chaerhan Salt Lake, the biggest inland dry salt lake in China.

Also known in China as Salt Lake Stock, with stock code 000792 and previously known as Qinghai Potash Factory, Salt Lake was listed on the Shenzhen Stock Exchange on September 8, 1997.

Salt Lake is a large modern group, combining development of salt lake resources, potash production and distribution, resource recycling, industrial project construction, logistics services and responsible capital management. The current registered capital is 1590.5 million RMB with legal representative of Xingfu WANG. The Company is capable of producing 3.5 million tons of KCl per year. For more information, please refer to the company website, www.qhyhgf.com.