Mr. Farhad Abasov reports

MILLENNIAL WELCOMES GABON MINISTER OF MINES TO BANIO POTASH PROJECT SITE

A high-level field visit to Millennial Potash Corp.'s Banio potash project in Gabon was completed on July 5 to 6 by the Gabonese Minister of Mines and Geological Resources, Sosthene Nguema Nguema, as well as the director general of geology and mining support, the director general of mining exploitation, the governor of Nyanga province, Jean Robert Mabobet, and various other local government officials.

Farhad Abasov, Millennial's chair, commented: "The visit by Minister Nguema and the Governor of Nyanga province provided an important opportunity for the Gabonese government and local stakeholders to witness first-hand the scale of the Banio potash project being developed by Millennial, the ongoing field work, the resource potential and the involvement of Gabonese workers on site. The visit was a very important event at this stage of our development as the Gabonese government pledged full support in terms of the infrastructure build-up and other aspects of the project. We appreciate the constructive engagement and the strong expression of support for the project as we continue advancing Banio in a responsible and technically disciplined manner."

Minister Nguema toured the company camp and logistics facilities at the project, and attended a technical presentation by the company on potash and the benefits of fertilizer application to food security, and the potential benefits a project of this magnitude can bring to the region. The minister inspected potash-rich drill core and expressed his satisfaction at visiting the Banio potash project operation site and camp. Minister Ngeuma reiterated government support for the Banio potash project and expressed that the government would assist with infrastructure and other initiatives in the region. The delegation also had the opportunity to review drilling at BA-006 drill site where the drill team was actively changing rods. The minister was particularly pleased to see the continuing rig operation, and to observe young Gabonese workers actively working and learning alongside experienced expatriate specialists. Additional potash core was also visible at the drill site, which further supported the technical discussions conducted during the visit.

Millennial Potash continues exploration drilling to potentially extend potash resources south and west of the current project mineral resource estimate (MRE) which comprises measured mineral resources estimate of 648.2 million tonnes grading 15.7 per cent KCl, an indicated MRE of 1.8 billion tonnes grading 15.6 per cent KCl and an inferred MRE of 3.56 billion tonnes grading 15.6 per cent KCl (see press releases dated Dec. 29, 2025, and Nov. 17, 2025). The current four-hole program is planned for completion in 2026 at which time an updated MRE will be completed. Millennial is also advancing its definitive feasibility study and its environmental and social impact assessment study.

The company wishes to announce that it has elected to adopt semi-annual financial reporting in reliance upon exemptions from quarterly reporting contained in Coordinated Blanket Order 51-933 -- Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (CBO 51-933).

The company confirms that it meets the eligibility criteria under CBO 51-933, as it is a venture issuer with its securities listed on a recognized exchange, has annual revenues of less than $10-million, has a continuous disclosure record of more than 12 months, and has filed all required periodic and timely continuous disclosure documents.

Pursuant to CBO 51-933, the company is electing not to file interim financial reports and related management's discussion and analysis (MD&A) for the first and third quarters of its fiscal year.

The company's fiscal year ends on Aug. 31. The first interim period for which the company will rely on the exemption is the nine-month period ended May 31, 2026, for which the company will not file interim financial statements or related MD&A.

The company will continue to file audited annual financial statements and related MD&A, as well as interim financial statements and related MD&A for its six-month periods.

This disclosure is being filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.

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.