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Millennial Lithium Corp
Symbol ML
Shares Issued 19,841,198
Close 2016-09-09 C$ 1.60
Market Cap C$ 31,745,917
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Millennial Lithium forms technical advisory board

2016-09-12 07:37 ET - News Release

Mr. Graham Harris reports

MILLENNIAL FORMS TECHNICAL ADVISORY BOARD

Millennial Lithium Corp. has established a highly skilled and experienced technical advisory board for its lithium development activities, which include the Pastos Grandes lithium project in Salta province, Argentina.

Millennial welcomes Dr. Vijay Mehta and Ben Binninger to advance technical development and cost optimization at Pastos Grandes. As advisers to Millennial's technical board, they will be called on to provide insights based on their deep knowledge of lithium brine processing and extensive global expertise in mineral and chemical processing. Both individuals have prior working experience with this part of South America. In addition they will be offering guidance and direction with respect to future exploration of the Pastos Grandes and other lithium projects under consideration.

The company is pleased to have the benefits of these members on the technical advisory board with their wealth of technical knowledge that will augment the decision making of Millennial's existing experienced board members.

Biographies of technical advisory board members

Dr. Mehta

Dr. Mehta (PhD) comes to Millennial Lithium with an extensive 45 years of experience in the field of ore- and brine-based technology. The technology, which is used for the recovery of lithium, potash, magnesium and boron, produces cost-effective commercial-scale high-purity chemical products.

Dr. Mehta has been previously responsible for co-ordination and communications with lithium producers around the world, where he compared processing technologies and production costs, as well as created a competitive analysis for the lithium capacity and demand. With a perspicacity for chemistry and the manufacturing process of lithium and magnesium chemicals, Dr. Mehta continues to demonstrate his extraordinary capabilities to advance the technology for this industry.

Mr. Binninger

Mr. Binninger is a chief executive with extensive experience leading and creating technically sophisticated processes and service companies ranging from small business to globally industry leaders including Rio Tinto, Hercules and Arco. With skills in mergers and acquisitions, turnarounds, and public offerings, Mr. Binninger brings an unusual combination of global management, strategic positioning, technical acumen and financial expertise to Millennial. His hands-on operating and processing experience in chemicals, materials and mining provides a depth of knowledge to the company.

Most recently Mr. Binninger was a director and served as chief executive officer for Australian Stock Exchange-listed Potash Minerals. He is a principal in IMEx Minerals LLC and K2O Resources LLC, and was a principal in AMT II Corp., a private investment management company focusing on advanced materials and aerospace. Mr. Binninger has a master in business administration from the Harvard Business School (HBS) as well as a bachelor of chemical engineering degree from Manhattan College. He has taught international business management at UCLA and studied at Stanford University and INSEAD in France.

The company would also like to correct a statement included in the Aug. 24, 2016, release. The statement should have read, "Millennial made application to the provincial mining authority of Salta for an additional 4,236 hectares of mineral claims adjacent to the 1,219-hectare Pastos Grandes project." This is the correct wording originally contained in the Aug. 15, 2016, release.

We seek Safe Harbor.

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