Millbank Mining Corp. Announces Proposed Name Change to Primary Hydrogen Corp. and Provides Corporate Update

Vancouver, October 10, 2024 - Millbank Mining Corp. (TSXV: MILL) (the "Company"), announces today that it will be seeking the approval of the TSX Venture Exchange to change its name from Millbank Mining Corp. to Primary Hydrogen Corp. (the "Name Change") and to change its stock symbol from "MILL" to "HDRO" to be more reflective of the proposed name. There is no change of business associated or being effected with respect of the proposed Name Change.

The Company is obtaining a new CUSIP and ISIN number for the Name Change. The effective date of the Name Change and the new CUSIP and ISIN number will be disclosed in a subsequent news release. With respect of a name change, shares normally commence trading under the new name at the opening of trading two or three trading days after the filing of documents by the Company confirming the name change. Notwithstanding the foregoing, the Name Change is subject to regulatory approval, and the board of directors may, at its discretion, determine not to implement the Name Change.

The Company also announces that Mr. Jasdeep Dhaliwal has submitted his resignation as a director to pursue other endeavors. The Company would like to thank Mr. Dhaliwal for his service as a director and wishes him well in his future endeavors.

About Millbank Mining Corp.: Millbank Mining Corp. is a mineral exploration company currently focused on its Arthur Lake Copper project in British Columbia and Blakelock hydrogen project in Ontario.

Neither the 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.

When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this press release include, amongst others, the proposed Name Change. Such statements and information reflect the current view of the Company but are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to: the risk that the TSX Venture Exchange will not approve the Name Change; stock market volatility and capital market fluctuations; general market and industry conditions, as well as those risk factors discussed in the Company's most recently filed management's discussion & analysis. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226248