Magnetic North Announces Commercial Recycling Operations for CXTL - Seite 2

“The world is facing considerable stockpiling issues with respect to a limited market in recyclable goods,” said John Blair, CEO of Cirque, a privately held company. “CTXL’s technology allows us to break down materials into source matter while maintaining the strict environmental standards required of responsible corporations today as part of the circular economy.”

CXTL will commence limited commercial operations and revenue generation within the next few weeks from its current facility. Several feedstocks have been identified and formal contracts will be completed in the near term. Magnetic North, Cirque, and CXTL are currently evaluating and designing large-scale commercial facilities for operations in a number of North American municipalities.

About Magnetic North Acquisition Corp.

Magnetic North invests and manages businesses on behalf of its shareholders and believes that capital alone does not always lead to success. With offices in Calgary and Toronto, our experienced management team applies its considerable management, operations and capital markets expertise to ensure its investee companies are as successful as possible for shareholders. Magnetic North shares trade on the TSX Venture Exchange under the stock symbol MNC. For more information about Magnetic North, visit its website at www.magneticnac.com. Magnetic North’s securities filings can also be accessed at www.sedar.com.

For further information, please contact:

Graeme Dick	Kevin Spall	Andrew Osis
Investor Relations	Co-CEO	Co-CEO
403-561-8989
[e-mail]	[e-mail]	[e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking information generally refers to information about an issuer’s business, capital, or operations that is prospective in nature, and includes future-oriented financial information about the issuer’s prospective financial performance or financial position. The forward-looking information in this news release includes the increase in generation of plastic, the Company’s acquisition of the demonstration machine from Cirque, the commencement of limited commercial operations and revenue generation, formal contracts with feedstock companies and the evaluation and design of large-scale commercial facilities for operations.