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West Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce the appointment of Mr. John Edward (Jack) Scott, P. Eng, MBA as the Company's Senior Vice President, Project Development. Mr. Scott will focus on project financing, project infrastructure development including potash transportation infrastructure as well as product offtake agreements in support of the Company's ongoing Definitive Feasibility Study ("DFS") for its Banio Potash Project in Gabon.

Farhad Abasov, Millennial's Chair, commented "We are excited to have Jack Scott join Millennial Potash as we strengthen our team with additional finance, mining construction and development experience. We have worked extensively with Jack on potash and lithium projects over the past 20 years and he is a welcome addition to our strong finance and technical team as we focus on project financing and our ongoing DFS for Banio. Jack will lead our project financing initiatives closely coordinating our work with United States Development Finance Corporation, project infrastructure development such as product transportation, pipelines, offtake agreements for potash as well as different facets of the ongoing DFS."

Mr. Scott was most recently Chief Administrative Officer for Alberici Constructors Ltd. and Executive Vice President, Major Projects at Alberici Corp., a $US 4+ billion, privately held construction contractor where he was responsible for major project and market partnerships throughout North America. Mr. Scott's mining industry experience includes board and senior executive positions in publicly-traded companies Millennial Lithium and Allana Potash Corp. where he was instrumental in the advancement of Allana's Danakhil Potash Project and subsequent acquisition by Israel Chemicals Ltd.

Jack currently serves as Chair for the Crosbie holding group whose companies provide marine industrial services in Canada and the Caribbean to the energy and ship building and maintenance industries, and over a 40+ year career has held executive roles in public-private, public and private organizations in the fields of highway, rail, port and airport infrastructure development; offshore wind, nuclear and conventional power development; physics, security and industrial technology commercialization; telecom services and systems engineering; and large-scale engineering and construction services.

The Company wishes to clarify and supplement its previously issued news release dated January 29, 2026, with respect to the closing of its concurrent private placement financing. A commission was paid to Ventum Capital Corp. in connection with the closing and it consisted of cash commission equal to 6% ($44,999.88) of the gross proceeds and commission warrants equal to 4% of the aggregate number of Concurrent Units (9,836) sold. Each commission warrant on the Concurrent Financing is exercisable for one Common Share at an exercise price of $3.05 per Common Share for 36 months from the closing date of January 29, 2026.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282410