Mr. Graham Harris reports

MILLENNIAL TO RAISE $8,700,000 TO ADVANCE PASTOS GRANDES

Millennial Lithium Corp. intends to complete a non-brokered private placement financing for proceeds of up to $8.7-million.

The private placement will be composed of up to six million units of the company at a price of $1.45 per unit. Each unit will be composed of one common share and one-half common share purchase warrant. Each full warrant will entitle the holder to purchase one common share at a price of $1.90 per share for a period of 24 months from the closing date. The company may increase the size of the private placement based on market conditions.

The company may pay a finder's fee in connection with the issue and sale of some or all of the units issued under the private placement. The finder's fee shall consist of not more than 6 per cent in cash payment and 6 per cent in warrants, exercisable on the same terms as the warrants, calculated with reference to the gross proceeds of the private placement purchased by subscribers introduced by any particular finder. The company does not anticipate that any new insiders will be created, or that a change of control will occur as a result of the private placement. The securities issued in connection with the private placement will be subject to a four-month hold period under applicable exchange policies.

Proceeds of the private placement will be used primarily to advance the Pastos Grandes project by continued drilling, process and evaporation trials engineering. A portion of the private placement will be used to finance general and administrative expenses. With current cash on hand and the proceeds of this financing, Millennial estimates it will have sufficient financing to advance the Pastos Grandes project to the stage where a preliminary economic assessment could begin, provided exploration continues to be successful.

The private placement and the finder's fee are subject to approval by the TSX Venture Exchange.

We seek Safe Harbor.