Mr. Fan Xu reports

MILLENMIN VENTURES INC. EXTENDS LOAN FROM BELLOMONTE INVESTMENTS COMPANY LIMITED

MillenMin Ventures Inc. has entered an agreement with Bellomonte Investments Company Ltd. (BICL), the controlling shareholder of MillenMin, to extend the term of BICL's non-interest-bearing $125,000 loan to MillenMin. Under the terms of the extension agreement, the loan, which was previously due on Dec. 31, 2019, will be due on Dec. 31, 2020.

MillenMin obtained the loan on Jan. 27, 2017, from BICL and was used by MillenMin to finance the costs relating to its private placement of common shares. On completion of such private placement in July, 2017, BICL became and is currently the controlling shareholder of MillenMin.

The loan is deemed a related party transaction as BICL is the controlling shareholder of MillenMin. The loan is exempt from requiring a formal valuation and minority approval in accordance with, respectively, sections 5.5(b) and 5.7(1)(f) of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) as MillenMin is listed on the TSX Venture Exchange and the loan involves no equity or voting component. The independent directors of MillenMin's board of directors reviewed and approved the extension of the loan.