Mineworx Closes $1.2 Million Private Placement

Not for Distribution to United States Newswire Services or for Dissemination in the United States

EDMONTON, Alberta, March 18, 2021 (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the "Company" or "Mineworx") (TSXV: MWX) has closed the previously announced non-brokered private placement for gross proceeds of $1,200,059. The private placement was for 40,001,966 common shares at $0.03 each.

The securities issued are subject to a four month hold period from the date of issuance and the company will not be paying any finder’s fees.

The Company intends to use the proceeds from the private placement for the further exploration and development of the Company’s Spanish mining assets.

The shares to be issued under the Private Placement have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from registration. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Mineworx

Mineworx is positioned for growth with its partnerships in the E-Waste, Catalytic Converter and mining sectors. The objective is to utilize licensed and proprietary technologies to extract precious metals in an environmentally responsible, sustainable and profitable manner from niche market opportunities. For further information, go to www.mineworx.net

Neither the 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.

For further information contact:

MINEWORX TECHNOLOGIES LTD. ‎
Greg Pendura
President and CEO
‎780-800-0726‎
[e-mail]

Dave Burwell
Vice President
The Howard Group
403-410-7907
[e-mail]