Mr. Farhad Abasov reports

MILLENNIAL PROVIDES UPDATE OF ACTIVITIES

Millennial Lithium Corp. has provided an update of continuing technical work on its portfolio of lithium projects in Argentina. Millennial currently controls four lithium projects in Argentina: Pastos Grandes; Cauchari East, Cruz (optioned to Southern Lithium Corp.: see news release dated Nov. 18, 2016) and Pocitos West (optioned to Liberty One Lithium Corp.: see news release dated May 23, 2017), in all totalling more than 30,000 hectares.

At Pastos Grandes, Millennial's flagship project, four drill rigs are operating on the salar, providing core samples and brine for analysis to support a maiden resource estimate planned for fourth quarter 2017. Holes PGMW17-06c and PGMW17-09 have been completed to depths of 571 metres and 595 metres, respectively. Analytical results from brine samples are awaited. Core samples have been selected for drainable porosity or RBRC (relative brine release capacity) measurements and are currently being processed. Drills are currently turning at holes PGMW17-7d, PGMW17-8b, PGMW17-10 and PGMW17-11.

In preparation for Millennial's anticipated preliminary economic assessment (PEA), the company has engaged SGS-Lakefield (SGS) and Vector Ausenco SA to expedite advanced processing studies and environmental baseline tests, respectively. SGS will oversee the company's continuing on-site evaporation testwork, where 16 trial ponds are now in operation. In addition, SGS will, through mechanical evaporation, create plant-grade lithium-rich (1 to 2 per cent) brine from 600 litres of Pastos Grandes brine for use in purity (magnesium, SO4 (sulphate) and boron removal optimization) trial testwork to be done at Lakefield, Ont.

Ausenco has been engaged to lead Millennial's environmental baseline work at Pastos Grandes. Studies will include, but not be limited to, the documentation of flora, fauna, climate, air quality, archeological sites, hydrogeology, soil usage, a socio-demographic survey and ecosystem characterization.

The Cauchari East project now includes the Cauchari East expansion project and totals 11,742 hectares on the eastern margin of the Cauchari salar adjacent to the Orocobre Olaroz-Cauchari production area and the Lithium Americas/SQM advanced-stage Cauchari-Olaroz project. A VES (vertical electrical sounding) survey, completed in the spring of 2017, indicates potential for lithium-bearing brines identified on the adjacent Lithium Americas ground to extend onto the Cauchari East licence. Drill permits are in progress, with approval expected in fourth quarter 2017.

The Pocitos West project is being explored with partner Liberty One Lithium. A recently completed vertical electrical sounding survey indicated the potential extension of brine west of the Pocitos salar onto the Pocitos West licence area (see Liberty One Lithium news release dated Aug. 17, 2017). Drilling is planned in fourth quarter 2017.

Drilling at the Cruz project, being explored with partner Southern Lithium, was initiated in July (see news release dated July 12, 2017), and the two-hole program has been completed. The first hole was completed to 476 metres and the second hole to a depth of 500 metres, and analytical results are awaited.

The company also announces that Kyle Stevenson has resigned as the president of the company but will remain a director. Replacing him will be the current chief executive officer, Farhad Abasov. Millennial thanks Mr. Stevenson for his efforts and contributions to date.

Millennial and its board of directors have made the decision, as part of its recent growth, to create a compensation committee by adopting a compensation committee charter and appointing certain directors to the initial compensation committee.

The company would also like to report the granting, subject to regulatory acceptance, of 1,375,000 incentive stock options to certain officers, directors, consultants and employees of the company. The options have a term of five years and are exercisable at a price of $1.41 per common share.

This news release has been reviewed by Iain Scarr, AIPG, CPG, chief operating officer of the company, a qualified person as that term is defined in National Instrument 43-101.

We seek Safe Harbor.