Mr. Farhad Abasov reports

MILLENNIAL ENGAGES IN NON-BROKERED PRIVATE PLACEMENT OF UNITS FOR PROCEEDS OF $750,000 CONCURRENTLY WITH PREVIOUSLY ANNOUNCED LIFE fINANCING OF $17,357,500

In response to Millennial Potash Corp.'s previously announced LIFE financing being fully subscribed including the overallotment for a total of $17,357,500, the company will conduct a private placement of up to approximately 245,900 units at a price of $3.05 per unit for proceeds of approximately $750,000.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at an exercise price of $4.00 at any time until the date which is three years from the date of issuance of the warrants.

The company intends to use the proceeds of the concurrent offering for future development of its Banio potash project and for general working capital.

Farhad Abasov, Millennial's chairman, said: "We are very pleased to see Cantor Fitzgerald as lead underwrite the LIFE financing for Millennial. These financings reflect very strong confidence in our project. Millennial has been developing a potentially low-cost and large-resource potash project that could become a significant supplier of this critical mineral to the United States, Africa and Brazil. These financings strengthen our balance sheet at a crucial juncture of our development as the company has launched a definitive feasibility study, along with an environmental and social impact study, while advancing work on offtakes, project financing and other strategic matters."

The concurrent units, together with any common shares underlying the warrants in the concurrent units, will be subject to a four-month resale restriction.

The concurrent offering is being engaged in concurrently with the company's previously announced private placement of five million units of the company at a price of $3.05 per LIFE financing unit for aggregate gross proceeds of $15.25-million. The LIFE financing provided for an overallotment, which has been fully exercised for a total of $17,537,500 (including the $15.25-million). Details of the LIFE financing can be found in the company's news release of Jan. 19, 2026, as well as in the offering document for the LIFE financing filed on SEDAR+ and on the company's website.

Total proceeds of the concurrent offering, the LIFE financing and the full exercise of the underwriters' option are approximately $18,287,500.

The concurrent offering is expected to close on or about Jan. 29, 2026, or such other date as the company may determine. The company will pay a commission in connection with the concurrent offering, as permitted by applicable securities laws and the rules of the TSX Venture Exchange. The commission will consist of cash commission equal to up to 6 per cent of the gross proceeds raised and commission warrants equal to up to 4 per cent of the aggregate number of units. Each commission warrant will be exercisable for one common share at an exercise price of $3.05 per common share for 36 months following the date of issuance.

The closing of the concurrent offering is subject to receipt of the approval of the TSX Venture Exchange.

We seek Safe Harbor.