Mr. Farhad Abasov reports

GABON MINISTER OF MINES' SUCCESSFUL PDAC VISIT, STRONG SUPPORT FOR MILLENNIAL'S BANIO POTASH PROJECT

Millennial Potash Corp. has welcomed and accompanied the Gabonese Minister of Mines and Geological Resources, Sosthene Nguema Nguema, and his delegation at the Prospectors & Developers Association of Canada annual conference in Toronto on March 1 to March 4. The minister's focus during the conference was to convey to the mining industry that Gabon is seeking to diversify its oil- and gas-based economy, and is supporting responsible development of the country's natural resources.

Farhad Abasov, Millennial's chair, commented: "We were very pleased to host Minister Nguema and the high-level Gabonese delegation from the Ministry of Mines and Geological Resources at the PDAC conference in Toronto. The Gabon ministry team had numerous successful meetings and progressed in conveying their message that Gabon is very supportive of mineral resource development. The Gabon government has prioritized this effort to diversify their development initiatives away from oil and gas dependence. Millennial has successfully developed our Banio potash project from an early-stage exploration stage to the feasibility-study stage in less than three years, and has consistently had strong support from the Gabon government. Funded and strongly supported by top asset management firms as well as the U.S. DFC, Millennial is fully committed to advancing the project to the next level. We look forward to the Gabonese government's continued support as we expect to complete our DFS and ESIA in 2026 to support our application for a mining licence."

Minister Nguema met with numerous large Canadian and U.S. investment banking and other financial groups and with several Canadian and global media outlets, including The Financial Times, with the message that Gabon is open to investment that helps create value in the country. The minister expanded his comments indicating that Millennial, with support from its partner, U.S. International Development Finance Corp., is a model for project development in the country.

Millennial is developing the Banio potash project in Gabon, which boasts a measured mineral resource estimate of 648.2 million tonnes grading 15.7 per cent KCl, an indicated mineral resource estimate of 1.8 billion tonnes grading 15.6 per cent KCl and an inferred mineral resource estimate of 3.56 billion tonnes grading 17.6 per cent KCl (see press release dated Nov. 17, 2025). The company has recently initiated a definitive feasibility study and an environmental and social impact assessment running in parallel, and both are expected to be completed in second half 2026 and will be presented to the government of Gabon as part of the company's application for a mining licence.

The information in this news release has been reviewed and approved by Peter J. MacLean, PhD, PGeo (Ontario), director of the company, who is a qualified person as that term is defined in National Instrument 43-101.

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