Mag One Products Inc. announced the appointment of Ms. Gillian Holcroft, B.Eng., M.Eng., as President and a Director of Mag One Products Inc. (Mr. Skalbania, Chairman of Mag One will, in the interim, assume the duties of CEO.) Ms. Holcroft remains the President and CEO of the Company's wholly-owned subsidiary, Mag One Operations Inc. in Quebec. Ms. Holcroft has been serving as President of the Company's wholly-owned subsidiary, Mag One Operations Inc. since June 2015. She was instrumental in securing financial assistance for the Company and is coordinating the initial Pilot Plant's scientific and technical team in Tennessee, headed by Dr. James Blencoe, and the other project collaborators such as the Université de Sherbrooke and SNC-Lavalin.

Mag One also announced the appointment of Dr. Yu-Mei Han to the Company's team of consulting scientists in Quebec. Mag One Products Inc. announced the resignation of Mr. Lucky Janda as President and CEO of the Company and Mag One Products Inc. and Director of Mag One Operations Inc., and as Director of MagOne Operations Inc. of TN, USA.