Mr. Graham Harris reports

MILLENNIAL LITHIUM CLOSES $1,200,000 FINANCING AND LINCOLN LITHIUM PROPERTY ACQUISITION

Millennial Lithium Corp. has closed its previously announced non-brokered private placement for gross proceeds of $1.2-million. The private placement consisted of the issuance of eight million units at a price of 15 cents per unit.

Each unit consisted of one common share and one share purchase warrant exercisable for a two-year term from the closing of the private placement at an exercise price of 30 cents per warrant.

The net proceeds of the private placement will be used for general working capital and its development of the Lincoln lithium property.

In addition, Millennial reports the closing of its previously announced acquisition of the Lincoln lithium property in the Big Smoky Valley in Nevada. Pursuant the terms of the acquisition, Millennial has issued 1.5 million common shares of the company. Millennial will now proceed with the first phase of exploration on the Lincoln property, as announced by the company on July 6, 2016.

The lithium potential of the Big Smoky Valley property is supported by the July 7, 2016, announcement from an adjoining property held by Ultra Lithium where results from its first drill hole indicate maximum values for lithium of 270 parts per million and average lithium concentrations at 131 parts per million.

All securities issued pursuant to the private placement and the Lincoln lithium property acquisition are subject to a statuary hold period expiring on Nov. 8, 2016. The private placement remains subject to final acceptance of the TSX Venture Exchange.

We seek Safe Harbor.