Millennial Announces Private Placement of 5,833,333 Units for Proceeds of $3,500,000

Group 1 - Millennial Potash Corp. is conducting a private placement of 5,833,333 units at a price of $0.60 per unit, with each unit consisting of one common share and one-half of a share purchase warrant exercisable at $0.85 for two years [1] - The proceeds from the private placement will be allocated to further exploration and development of the Banio Potash Project and for general working capital purposes [2] - An insider is participating in the private placement for 2,333,334 units, which qualifies as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [3] Group 2 - The private placement is subject to approval from the TSX Venture Exchange [4]