Millennium Silver Corp. announces oversubscription of private placement

Millennium Silver Corp. (TSXV: MSC) (“Millennium” or the “Company”) reports that further to its press release dated January 14, 2026, it has filed for conditional acceptance of its previously announced non-brokered private placement for aggregate proceeds of $2,888,905 (the “Private Placement”). The oversubscribed Private Placement consists of 192,593,667 units at $0.015 per unit. Each unit consists of one (1) common share and one (1) non-transferable share purchase warrant (the “Warrant”). Each Warrant has a term of five (5) years from the date of issuance and entitles the holder to purchase one (1) additional common share at an increasing exercise price as follows: $0.05 per share within the first three years after issuance; $0.10 per share in years four and five.

The Company will pay up to 6% finders’ compensation in cash and issue up to an aggregate of 7,885,020 non-transferable finders’ compensation warrants to the eligible arm’s-length finders (the “Finders’ Warrants”), in respect of $1,971,255 of the Private Placement. Each Finder’s Warrant entitles the holder to purchase one (1) additional common share at an increasing exercise price as follows: $0.05 per share within the first three years of issuance; $0.10 per share in years four and five.

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

Closing of the Private Placement is subject to the approval of the TSX Venture Exchange (the “TSX-V”).

Certain insiders participated in the Private Placement for a total 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 (“MI 61-101”). Insider participation in the Private Placement is expected to be exempt from the formal valuation and minority shareholder approval requirements under the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, to the extent interested parties are involved, will not exceed 25% of the Company’s market capitalization.

Millennium Silver Corp. (TSXV: MSC) is focused on the exploration and development of its projects in Nevada. The Company’s common shares trade on the TSX Venture Exchange under the symbol: MSC.

ON BEHALF OF THE BOARD

“Robert Drago”

Robert Drago
Chairman & CEO

More information about the company can be found on SEDAR (www.sedarplus.ca) or on www.millennium-silver.ca.

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