Mr. Fan Xu reports

MILLENMIN VENTURES INC. PROVIDES CORPORATE UPDATE AND ANNOUNCES TRADING RESUMPTION REVIEW AND TRANSFER TO NEX

MillenMin Ventures Inc. has provided a corporate update and the TSX Venture Exchange has initiated a trading resumption review to lift the voluntary trading halt, which was requested by the company in January, 2017. Once the trading resumption review is completed, it is expected that trading of the company's common shares will resume shortly afterward on the NEX. As the company is unable to meet the TSX Venture Exchange's Tier 2 continued listing requirements, the listing of the company's shares is expected to be transferred to the NEX, a separate board of the TSX Venture Exchange.

The current trading halt was requested by the company pending its change-of-control private placement offering and proposed reverse takeover. The control placement was completed in July, 2017, which gave Beijing Properties (Holdings) Ltd., through its subsidiaries, control of the company. The proposed reverse takeover of a company that held a controlling interest in a Cuban joint stock company, which planned to construct, develop and operate a golf resort in Cuba, did not proceed as announced by the company in March, 2019. Since then, with the trading halt in place, the company entered into a number of proposed Canadian real estate related acquisition transactions that also ultimately did not proceed to completion. In its last proposed transaction, the company had entered into an agreement to acquire a 90-per-cent interest in a property in Richmond, B.C., but was terminated in May, 2020.

The company has recently filed its interim financial statements for the quarter ended March 31, 2023, and the related management's discussion and analysis, which are available on SEDAR. The company has not generated any material revenues from operations since inception and the company's daily operations are supported by borrowings from its controlling shareholder, which are considered related party transactions, and such borrowings are unsecured and payable on demand with no interest. The continuation of the company as a going concern is dependent upon its ability to obtain financing and there is no assurance that the company will be successful in obtaining such financing in the future.

The company continues to seek out and evaluate potential businesses and assets with a focus on real estate related interests in order to complete a change of business or reverse takeover. Any such transaction would be expected to be dependent on a financing component and be subject to, among other things, shareholders' approval, and TSX Venture Exchange acceptance or other regulatory approval. There is no assurance that the company will be successful in completing a change of business or reverse takeover.

The company's current directors are Ching Fu (Ivan) Cheng, Shunyi Yao, Su-Jen Kuo and Kin Wai Siu. After the recent resignations of two independent directors on May 5, 2023, Ms. Kuo is considered the only independent director and the company is in the process of identifying director nominees to fill the director vacancies. Mr. Cheng is currently the chief financial officer and secretary, and is acting as the interim chief executive officer.

We seek Safe Harbor.