Millennial Potash Corp. reported analytical results from the extension of historic drillhole BA-002. Millennial Potash has extended Hole BA-002 to a depth of 552.50m and has intersected additional intervals of potash mineralization beyond the previous drilling depth.

Potash Cycle IV returned 17.1% KCl over 4.16m and potash Cycle III returned 18.7% KCl over 4.76 m extending the number of potash cycles intersected in BA-002 to 6 and increasing the cumulative thickness of potash mineralization that may be amenable to solution mining to approximately 80m. The cumulative potash seam thicknesses from drillhole BA-002 from Cycle III to Cycle VIII are almost 80m and have the potential to be amenable to solution mining. These promising results will be incorporated into the project database and will provide additional zones of potash mineralization for a Mineral Resource Estimate that will be based only on the northern part of the project which is currently in progress.

The maiden Mineral Resource Estimate to be released in coming weeks. This drill hole extension completed by Millennial Potash correlates very well with the historical drill core and other geological data. It also exceeds the expectations regarding the potash horizon thicknesses in the north.

Drillhole BA-002 was extended from 516.25m to 552.5m for a total of 36.25m of both PQ and HQ sized core. Table 1 summarizes the composited sample results for the carnallitite seams in the extension of BA-002 and given the near horizonal nature of the basin geology and bedding intersected true widths are interpreted as being drilled widths. The zones between the two cycles are characterized by continuous near horizontal, laminated bedded halite and halite rich in insoluble material at the base of Cycle IV.

The addition of potash Cycles IV and III in hole BA-002 increases the cumulative thickness of potash zones that are potentially amenable to solution mining to 79.6m. In addition, the presence of Cycles IV and III enhances the tonnage potential for the project and given the strong correlation of geology and potash cycles between the upper parts of holes BA-002 and BA-003, the potential for the presence of Cycles III throughout the basin in this area is considered very high. Data from extended hole BA-002 and hole BA-003, including re-sampling data, form the basis for a potential initial Mineral Resource Estimate (MRE) for the North Target which is currently in preparation by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH ("ERCOSPLAN").

Summary of Resampling of BA-002 and the extension of BA-002 in 2023. The Phase 1 drill program at Banio remains in progress with additional drilling planned at the North Target including the extension of BA-001 and the drilling of new hole BA-004. The drill rig experienced mechanical difficulties during the retrieval of PQ rods in BA-002 and is currently undergoing minor repairs.

Drilling is expected to resume later in fourth quarter, 2023. QA/QC. Millennial Potash employees follow standard operating and quality assurance procedures intended to ensure that all sampling techniques and sample results meet international reporting standards.

Procedures for handling core samples begin with securing the potash-bearing PQ-HQ-sized core at the drill site in plastic poly-tubing which is then thermally sealed. Core is placed in plastic core boxes and transported to Millennial's camp for geological logging and sampling procedures intended to ensure that all samples are expected to resume later in fourth Quarter, 2023.