Mr. Robert Drago reports

MILLENNIUM SILVER CORP. ANNOUNCES OVERSUBSCRIPTION OF PRIVATE PLACEMENT

Millennium Silver Corp., further to its Jan. 14, 2026, news release, has applied for conditional acceptance of its previously announced non-brokered private placement for total proceeds of $2,888,905. The oversubscribed private placement consists of 192,593,667 units at 1.5 cents per unit. Each unit comprises one common share and one non-transferable share purchase warrant. Each warrant shall have a term of five years from the date of issuance and shall entitle the holder to purchase one additional common share at an escalating exercise price as follows: five cents per share within the first three years after issuance; 10 cents per share in years 4 and 5.

The company will pay finders' fees in cash of up to 6 per cent and issue up to an aggregate of 7,885,020 non-transferable finders' compensation warrants to the eligible arm's-length finders, with respect to $1,971,255 of the private placement. Each finder's warrant entitles the holder to purchase one additional common share at an escalating exercise price as follows: five cents per share within the first three years after issuance; 10 cents per share in years 4 and 5.

Proceeds from the private placement will be used for exploration (pursuant to the company's 2019 National Instrument 43-101 technical report), accounts payable and working capital. All securities issued in connection with the private placement will have a statutory hold period of four months and one day from the date of issuance.

Closing of the private placement is subject to approval of the TSX Venture Exchange.

Certain insiders participated in the private placement for aggregate investment of $303,000, which is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The participation of insiders in the private placement is expected to be exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, will not exceed 25 per cent of the company's market capitalization.

Millennium Silver Corp. is focused on the exploration and development of its Nevada projects. The company's common shares trade on the TSX Venture Exchange under the symbol MSC.

We seek Safe Harbor.