The TSX Venture Exchange has accepted for filing a property option agreement dated Sept. 23, 2016, between Millennial Lithium Corp. and Fernando Erik Villarroel Alcocer (the vendor), whereby the company may acquire a 100-per-cent interest in the Cauchari property, located in Jujuy province, Argentina. Consideration for the first 50 per cent is $1-million cash (U.S.), $1.5-million (U.S.) worth of common shares and $2-million (U.S.) in work commitments in the first year. To earn the additional 50-per-cent interest additional consideration of $1-million (U.S.) cash, $1-million (U.S.) worth of common shares and an additional $2-million (U.S.) in work commitments are payable. If the company earns a 100-per-cent interest, the vendor will retain a 3.5-per-cent gross overriding royalty. The company may reduce the gross overriding royalty to 1.5 per cent at any time for $2-million (U.S.).

Finders' fees of $157,500 (U.S.) cash are payable to Shu-Xian Zhang in the first year and $100,000 (U.S.) in year 3 if the company earns a 100-per-cent interest.