Mr. Jason Kosec reports

MILLENNIAL OBTAINS FINAL COURT ORDER FOR PROPOSED ARRANGEMENT WITH INTEGRA RESOURCES

On May 1, 2023, the Supreme Court of British Columbia granted Millennial Precious Metals Corp. a final order in respect of the proposed arrangement with Integra Resources Corp. under the provisions of the Business Corporations Act (British Columbia).

Assuming that the remaining conditions precedent are satisfied or waived, Millennial anticipates that closing of the arrangement will occur on or about May 4, 2023.

Transaction background

On Feb. 26, 2023, Millennial and Integra entered into a definitive arrangement agreement, whereby, subject to the terms and conditions of the arrangement agreement, Integra will acquire all of the issued and outstanding common shares of Millennial by way of a statutory plan of arrangement under the provisions of the Business Corporations Act (British Columbia).

Under the terms of the arrangement, shareholders of Millennial will be entitled to receive 0.23 of a common share of Integra in exchange for each common share of Millennial held immediately prior to the effective time of the arrangement.

Further details regarding the arrangement are set out in the management information circular of Millennial dated March 27, 2023, which is available on SEDAR under Millennial's issuer profile.

About Millennial Precious Metals Corp.

Millennial Precious Metals is an exploration and development company focused on unlocking quality ounces through the responsible expansion of its eight gold and silver projects located in Nevada and Arizona, United States. The company plans to accelerate the development of its two flagship projects located in Nevada: Wildcat and Mountain View. The Wildcat inferred mineral resource estimate contains 776,000 ounces of oxide Au (60.8 million tonnes at 0.40 gram per tonne Au; effective date of Nov. 18, 2020) and the Mountain View inferred mineral resource estimate contains 427,000 ounces of oxide Au (23.2 million tonnes at 0.57 g/t Au; effective date of Nov. 15, 2020). Technical reports titled "NI 43-101 Technical Report Resource Estimate for the Wildcat Project, Pershing County, Nevada, United States," dated Nov. 20, 2020, with an effective date of Nov. 18, 2020, prepared by William J. Lewis, BSc, PGeo, Rodrigo Calles-Montijo, MSc, CPG, and Leonardo de Souza, MAusIMM (CP), and "NI 43-101 Technical Report for the Mountain View Project, Washoe County, Nevada, USA," dated Nov. 25, 2020, with an effective date of Nov. 15, 2020, prepared by Mr. Lewis, BSc, PGeo, Mr. Calles-Montijo, MSc, CPG, and Mr. de Souza, MAusIMM (CP), are available on Millennial's issuer profile on SEDAR.

Millennial Precious Metals is led by an experienced management team and board of directors with a proven record of success in financing and developing high-quality mining projects. The company is well positioned to create value for all stakeholders by applying a systematic strategy to advance and derisk all eight projects over the next few years.

We seek Safe Harbor.