Mr. Farhad Abasov reports

MILLENNIAL POTASH ANNOUNCES APPOINTMENT OF MR. JACK SCOTT AS SENIOR VICE PRESIDENT, PROJECT DEVELOPMENT FOR ITS BANIO POTASH PROJECT

Millennial Potash Corp. has appointed John Edward (Jack) Scott, PEng, 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 continuing 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 co-ordinating our work with United States Development Finance Corp., 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 $4-billion-plus (U.S.), 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.

Mr. Scott currently serves as chair for the Crosbie holding group, the companies of which provide marine industrial services in Canada and the Caribbean to the energy and ship building and maintenance industries, and over a 40-plus-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 Jan. 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 per cent ($44,999.88) of the gross proceeds and commission warrants equal to 4 per cent 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 Jan. 29, 2026.

We seek Safe Harbor.