Mr. Farhad Abasov reports

MILLENNIAL REPORTS CONTINUOUS PROGRESS AT ITS BANIO POTASH PROJECT

Millennial Potash Corp. is making significant progress on numerous programs and initiatives at its Banio potash project in Gabon. The company's definitive feasibility study (DFS), and environmental and social impact assessment (ESIA) studies are in progress, and the company is planning for its drill program on the newly acquired Haute Banio exploration licence which it is expected will expand its current resource. In addition, the company continues to advance infrastructure initiatives for the project including port construction near Mayumba and pursuing construction financing.

Farhad Abasov, Millennial's chair, commented: "We are very pleased with the progress made to date with the company's DFS and ESIA studies. Both studies are well under way and remain on target to be completed by the end of 2026. We are also excited to continue with our resource drilling for the project to potentially add additional potash resources to the existing calculation for the project. Port discussions with various parties are ongoing as we seek to optimize the project's close proximity to the ocean and other local infrastructure advantages. Discussions with various financial and development institutions for construction financing are progressing as the company is pursuing an aggressive timeline to advance the project to production."

The company's DFS for the Banio potash project is being completed by Ercosplan Ingenieurgesellschaft Geotechnik und Bergbau and early stages of the DFS continue to focus on the completion of engineering and trade-off studies. Creep tests on drill core are under way to determine cavern stability as are dissolution studies, also on drill core, to determine the rate of dissolution of the carnallitite mineralization and the chemistry of the resulting brine which is required for the process design estimates. In addition, trade-off studies, including regarding cold versus hot leaching of the carnallite, power options for any processing plant and well field, and optimal process plant locations, are in progress. To further support the DFS, geotechnical drilling at the proposed process facility and the proposed well field has been defined and will commence in the second quarter of 2026. The DFS work remains on schedule to be completed by the end of 2026.

The ESIA, under the direction of Artelia Societe par Actions Simplifee, is also under way with planning and preparation for field studies progressing. Field crews from Artelia are scheduled to initiate flora and fauna studies as well as water and soil sampling activities early in Q2, 2026. The aerial drone-supported LiDAR survey has been completed and the bathymetric survey of the Banio lagoon and at selected locations in the ocean is in progress.

Preparation for a resource expansion drilling program south and east of the current mineral resources is under way with barge support and road construction completed to provide access to new locations. Drilling is scheduled to be completed by the third quarter of 2026 and will support an updated mineral resource estimate to be included in the DFS.

Infrastructure initiatives have focused on port options for potash export. The Mangali port north of Mayumba, and a dedicated mineral bulk export port closer to the project, are being evaluated for transport of various products to international markets. Construction financing discussions are also in progress with numerous international institutions as interest in potash sector, and in the fertilizer sector in general, continues to attract attention in the global markets.

The technical 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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