Mr. Farhad Abasov reports

MILLENNIAL COMPLETES MILESTONE PAYMENT AND INCREASES OWNERSHIP OF ITS BANIO POTASH PROJECT TO 80%

Millennial Potash Corp. has completed a milestone payment to the vendors of the Banio potash project in Gabon, earning an additional 10-per-cent interest in Equatorial Potash, which, through its Gabon subsidiary Mayumba Potasse, holds 100 per cent of the project. The milestone payment was triggered by the filing of the updated mineral resource estimate technical report on Dec. 29, 2025 (see press release dated Dec. 29, 2025), which was composed of 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 15.6 per cent KCl (see press releases dated Dec. 29, 2025, and Nov. 17, 2025). With this additional 10-per-cent interest, Millennial's total ownership of Equatorial increases to 80 per cent. Millennial has a direct path to acquiring the final 20 per cent of Equatorial Potash by completing a definitive feasibility study and making certain cash and share payments to the vendors after filing the DFS. The DFS is progressing and is scheduled for completion by the end of 2026.

Farhad Abasov, Millennial's chair, commented: "We are very pleased to have increased our interest in the Banio potash project by an additional 10 per cent, bringing our total ownership to 80 per cent. Millennial continues to advance our DFS and ESIA studies at the project, and both are on schedule to be completed by the end of 2026. Upon completion of the DFS, and with a final cash/shares payment to the vendors, MLP's ownership will reach 100 per cent of the project. The company remains well funded to complete all the planned work programs for the DFS and the ESIA studies, which will support our application for a mining licence in early 2027."

The company wishes to announce its engagement of Triomphe Holdings Ltd., doing business as Capital Analytica, as an arm's-length service provider, to provide certain marketing and social media services to the company which are investor relations under the policies of the TSX Venture Exchange and applicable securities laws.

Based in Nanaimo, B.C., Capital Analytica specializes in marketing, social media and public awareness within the mining and metal sector. Capital Analytica will provide social media services, capital market consultation and social engagement reporting for an initial six-month term for a fee of $150,000 payable in two tranches. The initial term of the agreement commenced on April 13, 2026, and will expire on Oct. 13, 2026, with an option to renew the agreement for an additional six months at a rate of $75,000 unless terminated earlier in accordance with the terms of the agreement. The company has granted Capital Analytica incentive stock options to purchase 150,000 common shares at an exercise price of $2.10 per share for a period of five years. The stock options vest in accordance with exchange policies regarding grants of options to investor relations providers.

Pursuant to the terms of the consulting agreement, Capital Analytica will provide continuing capital market consultation, continuing social media consultation regarding engagement and enhancement, social sentiment reporting, social engagement reporting, discussion forum monitoring and reporting, corporate video dissemination, and other related investor relations services.

Jeff French, who is arm's length to the company, is the principal of Capital Analytica, and will be responsible for all activities related to Capital Analytica and the services it provides under the agreement. Capital Analytica currently has no direct or indirect interest in the securities of the company, or any right or intent to acquire such an interest, other than the incentive stock options described herein.

The company wishes to announce its engagement of Zack's Small Cap Research, a division of Zacks Investment Research Inc., as an arm's-length service provider, to complete research reports regarding the company and distribute them. These reports will be based on publicly available information, industry data and direct discussions with the company's management, and are expected to provide investors with detailed, third party analysis of the company's business endeavours.

Based in Chicago, Ill., Zack's provides services researching and writing investment reports within the mining and metal sector and engages in their distribution.

Zack's will complete the research reports between now and Feb. 28, 2027.

Compensation for completion of the research reports totals $35,000 (U.S.) and will be paid in four equal tranches of USD$8,750: upon Exchange approval of the Agreement with Zack's and the remaining three tranches on May 31, 2026, August 31, 2026 and November 30, 2026.

Giles Haycock, who is arm's-length to the Company, is the principal of Zack's Small Cap and will be responsible for all activities related to Zack's and the services it provides under the agreement. Zack's currently has no direct or indirect interest in the securities of the company or any right or intent to acquire such an interest.

The company is granting a total of 1.24 million incentive stock options exercisable for a period of up to five years at an exercise price of $2.10 per share.

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.

We seek Safe Harbor.