Millennial Welcomes Gabon Minister of Mines to Banio Potash Project Site Millennial Adopts Semi-Annual Reporting Under CBO 51-933
Millennial Welcomes Gabon Minister of Mines
to Banio Potash Project Site
Millennial Adopts Semi-Annual Reporting Under CBO 51-933
West Vancouver, British Columbia--(Newsfile Corp. - July 8, 2026) -
Millennial Potash Corp. (TSXV:
MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company")
is pleased to
announce that a high-level field visit to the Company's Banio Potash Project in Gabon was completed on
July 5-6 by the Gabonese Minister of Mines and Geological Resources, Mr. 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, Mr. 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 ongoing 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 is comprised of Measured Mineral
Resources Estimate of 648.2M tonnes grading 15.7% KCl, an Indicated MRE of 1.8B tonnes grading
15.6% KCl, and an Inferred MRE of 3.56B tonnes grading 15.6% KCl (see press releases dated Dec.
29, 2025 and November 17, 2025).
The current 4-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.
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Photo 1 and 2:
Minister of Mines Mr. Sosthene Ngeuma Ngeuma and Mayumba Potasse General
Manager Valvy Pandi review potash rich drill core at the Banio Potash Project
MILLENNIAL ADOPTS SEMI-ANNUAL REPORTING UNDER CBO 51-933
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 August 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,
Ph.D., P. Geo. (Ontario), Director of the Company, who is a Qualified Person as that term is defined in
National Instrument 43-101.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662 8184 or
email at
.
Keep up-to-date on Millennial Potash developments and join our
online communities on:
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MILLENNIAL POTASH CORP.
"Farhad Abasov"
Chair of the Board of Directors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of
1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan"
or "planned", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These
forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves
or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental
(including land or water use), local community or indigenous community approvals, the reliability of third party information, continued access to
mineral properties or infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact upon the Company
or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or CFA or other
currencies, fluctuations in the market for potash or potash related products, changes in exploration costs and government royalties, export policies
or taxes in Gabon or any other jurisdiction and other factors or information. The Company's current plans, expectations and intentions with respect
to development of its business and of the Banio Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the
impact of current financial and other market conditions on its ability to secure further financing or funding of the Banio Potash Project. Such
statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and
estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political,
environmental and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or
achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-
looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to
reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required
by applicable laws, rules and regulations.
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