MPM Millennial Precious Metals Corp

TSXV: MPM | OTCQB: MLPMF

• Shareholders are encouraged to vote well in advance of the proxy deadline of April 24, 2023 at 4:00 p.m. (Toronto time)
  
  
• Shareholders who have questions or need assistance with voting should contact Laurel Hill Advisory Group by telephone at 1-877-452-7184 (North American Toll Free) or 416-304-0211 (Outside North America), or by email at assistance@laurelhill.com

TORONTO, April 14, 2023 /CNW/ - Millennial Precious Metals Corp. (TSXV: MPM) (OTCQB: MLPMF) ("Millennial" or the "Company") is pleased to announce that both Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have recommended that Millennial shareholders vote in favour of the arrangement resolution with Integra Resources Corp. ("Integra").

As an independent proxy advisory firm, ISS has approximately 3,400 clients, including many of the world's leading institutional investors, who rely on ISS' objective and impartial analysis to make important voting decisions.

ISS' analysis stated: "The transaction makes strategic sense as the combination will provide shareholders with the opportunity to continue to hold their investment in the assets of the company and participate as shareholders of the purchaser in a larger and more diversified company." ISS recommends that Millennial shareholders vote FOR the arrangement resolution.

Glass Lewis is an independent proxy advisor to institutional investors, covering 30,000 shareholder meetings each year, across approximately 100 global markets. Their customers include the majority of the world's largest pension plans, mutual funds and asset managers who collectively manage over $40 trillion in assets.

In the analysis underpinning their endorsement that Millennial shareholders vote FOR the arrangement resolution, Glass Lewis noted, "the board [of Millennial] has presented a reasonable case that the merger with Integra presents an attractive opportunity for continuing shareholders and that the prospects of the combined company have certain advantages compared to the Company's prospects on a standalone basis."

REASONS TO VOTE FOR THE ARRANGEMENT

• Enhanced Scale & Diversification. The combined company of Integra and all of its subsidiaries after giving effect to the completion of the arrangement (the "Combined Company") will have a portfolio that contains three of the top oxide heap leach gold-silver projects in the U.S. not currently controlled by a major mining company and will create a foundation for building a new, Great Basin focused, precious metals producer.
  
  
• Strong Balance Sheet to Advance Projects. The Combined Company will have a significantly strengthened balance sheet allowing for meaningful advancement of key milestones at the DeLamar gold and silver project, consisting of the neighbouring DeLamar deposit and Florida Mountain deposit, the Wildcat property and the Mountain View property.
  
  
• Improved Capital Markets Presence. The Combined Company is expected to have enhanced institutional investor following, increased size and trading liquidity in both Canada and the U.S., along with a strong equity research following.
  
  
• Greater Potential for Value Creation. Combination of the DeLamar Project, the Wildcat property and the Mountain View property, with a sequenced development strategy, is expected to result in greater value creation for the existing shareholders of Integra and Millennial that would not be possible on a standalone basis, balancing execution risks between the three projects.
  
  
• Wheaton Partnership. Strategic equity partnership with Wheaton Precious Metals Corp. provides transaction and project validation and creates a pathway to project financing with an industry leader.

YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN

The special meeting of the shareholders of Millennial will be held at the offices of Bennett Jones LLP, 3400 One First Canadian Place, 100 King Street West, Toronto, ON, M5X 1A4, at 4:00 p.m. (Toronto Time) on April 26, 2023.

SHAREHOLDER QUESTIONS AND VOTING ASSISTANCE

Millennial shareholders who have questions or need assistance with voting should contact Laurel Hill Advisory Group by telephone at 1-877-452-7184 (North American Toll Free) or 416-304-0211 (Outside North America), or by email at assistance@laurelhill.com.

ABOUT MILLENNIAL PRECIOUS METALS CORP.

Millennial Precious Metals (TSXV: MPM) (OTCQB: MLPMF) is an exploration and development company focused on unlocking quality ounces through the responsible expansion of its eight gold and silver projects located in Nevada and Arizona, USA. The Company plans to accelerate the development of its two flagship projects located in Nevada: Wildcat and Mountain View. The Wildcat Inferred Mineral Resource estimate contains 776,000 ounces of oxide Au (60.8 million tonnes at 0.40 g/t Au; effective date of November 18, 2020) and the Mountain View Inferred Mineral Resource estimate contains 427,000 ounces of oxide Au (23.2 million tonnes at 0.57 g/t Au; effective date of November 15, 2020). Technical reports titled "NI 43-101 Technical Report Resource Estimate for the Wildcat Project, Pershing County, Nevada, United States", dated November 20, 2020 with an effective date of November 18, 2020 prepared by William J. Lewis, B.Sc., P.Geo., Rodrigo Calles-Montijo, MSc., CPG, and Leonardo de Souza, MAusIMM (CP) and "NI 43-101 Technical Report for the Mountain View Project, Washoe Country, Nevada, USA", dated November 25, 2020 with an effective date of November 15, 2020, prepared by William J. Lewis, B.Sc., P.Geo., Rodrigo Calles-Montijo, MSc., CPG, and Leonardo de Souza, MAusIMM (CP) are available on Millennial's issuer profile on SEDAR at www.sedar.com.

Millennial Precious Metals is led by an experienced management team and board of directors with a proven track record of success in financing and developing high-quality mining projects. The Company is well positioned to create value for all stakeholders by applying a systematic strategy to advance and de-risk all eight projects over the next few years.

Corporate Website: https://millennialpreciousmetals.com/

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding the business development objectives and plans of Millennial.

Forward-looking information contained in this news release are based on certain factors and assumptions. While Millennial considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to health pandemics and the outbreak of communicable diseases.

Further, these forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company's actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, (3) a decreased demand for precious metals, (4) any number of events or causes which may delay exploration and development of the property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does not execute its business plan, (6) inability to finance operations and growth, (7) inability to obtain all necessary permitting and financing, and (8) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and Millennial does not assume an obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Millennial Precious Metals Corp.