Mr. Farhad Abasov reports

MILLENNIAL POTASH CORP. ANNOUNCES PRIVATE PLACEMENT OF 4,000,000 UNITS AT $0.50 PER UNIT

Millennial Potash Corp. has arranged a non-brokered private placement of four million units at a price of 50 cents per unit for gross proceeds of $2-million. Each unit will consist of one common share and one-half share purchase warrant. Each whole share purchase warrant will be exercisable for a period of two years from the date of issuance at a price of 75 cents per share. The warrant will be subject to an accelerated expiry in the event the common shares of the company trade on the TSX Venture Exchange at a price of $1 or higher for 10 consecutive trading days. The private placement includes finders' fees/commissions of up to 8 per cent (payable in cash). There is no minimum or maximum number of units in the private placement.

Proceeds of the private placement will be used to finance work at the company's Banio potash project in Gabon and for general working capital purposes.

The private placement is subject to the approval of the TSX Venture Exchange.

We seek Safe Harbor.