Millennium Silver Corp. Provides Corporate Update

Vancouver, June 23, 2022 - Millennium Silver Corp. (formerly International Millennium Mining Corp.) (TSXV: MSC) ("Millennium Silver" or the "Company") announces that Altair Resources Inc. ("Altair") and Millennium Silver, through its wholly owned Nevada subsidiary, International Millennium Mining Inc ("Millennium") have negotiated new letter agreement terms with respect to the Simon Property located in the Walker Lane Trend, Nevada. While the total amount of Altair shares to be issued to the Company and total work expenditure commitment have not changed, the details with respect to annual share payments and work commitments have been adjusted over the six-year period.

Millennium Silver Corp. (TSXV: MSC) is focused on the exploration and development of its Silver Peak silver-gold project in southwest Nevada and its exploration projects in Newfoundland. The Company's common shares trade on the TSX Venture Exchange under the symbol: MSC.

ON BEHALF OF THE BOARD

"John A. Versfelt"

John A. Versfelt
President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com), the Company's website (www.millenniumsilver.ca) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527-8135.

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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 release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128639