Millennial Silver and 1246768 B.C. Ltd. Announce Receipt of Conditional Approval for Listing on the TSX Venture Exchange in Connection with the Proposed Business Combination to Form Millennial Precious Metals

Toronto, Ontario–(Newsfile Corp. – April 19, 2021) –  1246768 B.C. Ltd. (“768“) and Millennial Silver Corp. (“Millennial Silver“) are pleased to provide an update in connection with the reverse takeover transaction (“RTO“) involving Millennial Silver, a subsidiary of 786 and 786 to form the resulting issuer which shall be “Millennial Precious Metals Corp.” (the “Resulting Issuer“).

On April 8, 2021, the TSX Venture Exchange (“TSX-V“) conditionally accepted the Resulting Issuer’s proposed listing application upon completion of the RTO and the listing of the Resulting Issuer as a Tier 1 Mining Issuer.

Final approval of the TSX-V is subject to Millennial Silver and 768 meeting certain conditions required by the TSX-V, including the completion of the RTO. Upon receipt of the final approval of the TSX-V, the Resulting Issuer’s shares will commence trading on the TSX-V under the symbol “MPM”.

For additional information relating to the RTO and the Resulting Issuer, refer to the companies’ press releases dated December 11, 2020, January 11, 2021, January 21, 2021 and February 11, 2021.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed RTO and the receipt of final acceptance of the TSX-V. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: satisfaction or waiver of all applicable conditions to the completion of the RTO (including receipt of all necessary shareholder, stock exchange and regulatory approvals or consents, and the absence of material changes with respect to the parties and their respective businesses); the synergies expected from the RTO not being realized; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Millennial Silver and 768 disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Completion of the RTO is subject to a number of conditions, including but not limited to, TSX-V acceptance. Where applicable, the RTO cannot close until the required shareholder approval is obtained. There can be no assurance that the RTO will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the listing application to be prepared in connection with the RTO, any information released or received with respect to the RTO may not be accurate or complete and should not be relied upon.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

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All information contained in this press release with respect to 768 and Millennial Silver was supplied by the parties respectively, for inclusion herein, without independent review by the other party, and each party and its directors and officers have relied on the other party for any information concerning the other party.

For further information, please contact:

1246768 B.C. Ltd.
James Ward, Director
Phone: (416) 416 897-2359
Email: james@wardfinancial.ca

Millennial Silver Corp.

Jason Kosec, President & CEO
Phone: (250) 552-7424
Email: jason.kosec@millennialpm.com

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

Not for distribution to United States news wire services or for dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80714