Black Mountain Gold USA Corp. Announces Effective Date of Name Change to 'Millennial Potash Corp.'

Vancouver, British Columbia--(Newsfile Corp. - January 22, 2023) - Black Mountain Gold USACorp. (TSXV: BMG) ("BMG" or the "Company") is pleased to announce that, further to its news releases dated November 2, 2022 and January 4, 2023, it will be changing its name from "Black Mountain Gold USA Corp." to "Millennial Potash Corp.".

The name change will be effective at the opening of the market on January 25, 2023.

The Company's common shares will trade under the new name on the TSX Venture Exchange under the symbol "MLP".

The Company has received the approval of the TSX Venture Exchange of its definitive agreement for the option of the Banio Potash Project (the "Definitive Agreement") the terms and conditions of which are more fully described in the Company's news release of November 2, 2022. The Company will, on Tuesday, January 24, 2023, be issuing to the vendors in the Definitive Agreement a total of 650,000 shares and making payments to them totalling USD$257,000.

The CUSIP number assigned to the Company's common shares under its new name will be 60041F101. There is no consolidation of the Company's share capital in connection with the name change and, as a result, any certificates representing common shares of the Company will not be affected by the name change. Shareholders are not required to exchange their shares or take any other actions.

To find out more about Black Mountain Gold USA Corp. please contact Investor Relations at (604) 662- 8184 or email [email protected].

BLACK MOUNTAIN GOLD USACORP.

"Graham Harris"

CEO, Director

Neither the TSX Venture Exchange nor itsRegulation ServicesProvider (asthat term isdefined in the policiesof the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease.

This news releasemay containcertain"Forward-LookingStatements" withinthemeaningof theUnitedStates PrivateSecurities LitigationReform Act of 1995andapplicableCanadiansecurities laws. Whenusedinthis news release, thewords "anticipate", "believe", "estimate", "expect"," target, "plan", "forecast", "intend", "may", "schedule" andsimilar words or expressions identify forward-lookingstatements or information. These forward-lookingstatements or informationmay relatetofutureprices of commodities, accuracy of mineral or resourceexplorationactivity, reserves or resources, regulatory or government requirements or approvals includingapprovals of titleandmining rights or licenses andenvironmental, local community or indigenous community approvals, thereliability of thirdparty information, continuedaccess tomineral properties or infrastructure, changes inlaws, rules andregulations inGabonor any other jurisdictionwhichmay impact uponthe Company or its properties or thecommercial exploitationof thoseproperties, currency risks includingtheexchangerateof USD$for Cdn$or other currencies, fluctuations inthemarket for gold/silver andpotashor potashrelatedproducts, changes inexplorationcosts andgovernment royalties, export policies or taxes inGabonor any other jurisdictionandother factors or information. TheCompany's current plans, expectations and intentions withrespect todevelopment of its business andof theBanioPotashProject may beimpactedby economic uncertainties arisingout of Covid-19pandemic or by theimpact of current financial andother market conditions onits ability tosecurefurther financingor fundingof theBanioPotashProject. Suchstatements represent the Company's current views withrespect to future events and are necessarily based upon a number of assumptions and estimates that, whileconsideredreasonableby theCompany, are inherently subject tosignificant business, economic, competitive, political, environmental andsocial risks, contingencies anduncertainties. Many factors, bothknownandunknown, couldcauseresults, performanceor achievements tobematerially different from theresults, performanceor achievements that areor may beexpressedor impliedby such forward-looking statements. TheCompany does not intend, anddoes not assume any obligation, toupdatetheseforward-lookingstatements or informationto reflect changes inassumptions or changes incircumstances or any other events affections suchstatements andinformation other thanas requiredby applicablelaws, rules andregulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152110