West Vancouver, British Columbia — February 24, 2026 — Leads & Copy — Millennial Potash Corp. has been granted the “Haute Banio” exploration permit, adjacent to the company’s core Mayumba exploration permit in southern Gabon.
The Haute Banio exploration permit covers 261.39 km2 and fills the gap between the Mayumba exploration permit, the ocean to the north, and the border with the Republic of Congo to the south, including a portion of marine coastline areas.
According to Millennial’s Chair, Farhad Abasov, the additional exploration permit for the Banio Potash Project holds strong potential to expand the current resource base, increasing the company’s exploration permit area to almost 1,500 square kilometers. Abasov said that the new permit area is strategically important to the company’s development plans, giving them all of the western coastline areas, and demonstrates continuing support from the Gabonese government.
The company anticipates drilling in H2 2026 to test the westward extension of the thick potash mineralization identified at Banio. The new Haute Banio exploration permit gives complete access to the ocean for any development needs arising from the ongoing Definitive Feasibility Study, as well as access to an old road running from the project area to the local airport and the town of Mayumba.
The recently completed financing by the company is expected to provide the opportunity to expand the Banio resource base and evaluate additional potential production options.
Millennial’s land position will extend to the ocean in the north and to the ROC border in the south with the Haute Banio exploration permit, which is located west of the main Mayumba exploration permit. The exploration permit is valid for three years and can be renewed for two additional three-year periods.
The company has committed to a comprehensive exploration program that includes geological and geophysical studies, re-interpretation of seismic data, drilling, a resource estimate, and an Environmental and Social Management Plan.
Millennial states that the new permit is strategically important as it covers the potential westward extension of the current Mayumba Mineral Resource Estimate resource area. (see MLP News Release, Fig. 2 dated Nov. 17, 2025). The Haute Banio exploration permit also covers potentially key infrastructure routes that will aid in the development of the Banio Potash Project, primarily a coastal road that runs some 40km northwards to the town of Mayumba, and access to the ocean. Drilling west of BA-001 and BA-003 on the new permit is planned for H2 2026 and will be combined with additional data from the Mayumba exploration permit for a combined updated mineral resource estimate of the two permits. The Company now holds approximately 1,500 square kilometers of exploration ground that fully covers the potential potash bearing units in Gabon.
Peter J. MacLean, Ph.D., P. Geo. (Ontario), Director of the Company, reviewed and approved the information in this release. MacLean is a Qualified Person as defined in National Instrument 43-101.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662 8184 or email at info@millennialpotash.com. Keep up-to-date on Millennial Potash developments and join our online communities on: Twitter, Facebook, LinkedIn, Instagram and YouTube.
MILLENNIAL POTASH CORP.
“Farhad Abasov”
Chair of the Board of Directors
Source: Millennial Potash Corp.
