Vancouver, British Columbia--(Newsfile Corp. - September 24, 2018) - Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) ("Millennial" or the "Company") is pleased to announce the appointment of Mr. John Edward (Jack) Scott, P. Eng, MBA as a Director of the Company.
Mr. Scott is currently Executive Vice President, Major Projects of the Alberici Group and Chief Administrative Officer for Alberici Constructors Ltd. Scott is responsible for major project and market partnerships throughout North America for Alberici, a $US 2 billion, privately-held construction contractor. Jack's prior roles include senior executive positions in publicly-traded companies including Allana Potash Corp. where he was instrumental in the advancement of Allana's Danakhil Potash Project and its subsequent acquisition by Israel Chemicals Ltd.; NaiKun Wind Energy Group Inc. and AGRA Inc. (now part of Wood Group plc). Jack has also held executive roles in public-private, public and private organizations including Advanced Applied Physics Solutions Inc. at TRIUMF, Canada's national particle physics lab; Atomic Energy of Canada Limited; and ADCOM Inc., (now part of TELUS Corporation).
Farhad Abasov, the President and CEO of the Company, comments "We are excited to have Jack Scott join Millennial Lithium as we strengthen our Board with mining, construction and development experience. Jack brings a tremendous expertise in large project financing and construction. I look forward to taking our lithium brine projects in Argentina to the next level of development and Jack will complement our Board and strong technical team in Salta Province in Argentina."
The Company has also issued 72,000 stock options at an exercise price of $1.78 to Mr. Scott. The stock options are exercisable for a period of 5 years from today's date.
The Company also wishes to announce the resignation of Andrew Bowering as a Director. Millennial thanks Mr. Bowering for his efforts and contributions to date and wishes him the best in his future endeavors. Mr. Bowering will continue in an advisory role with Millennial.
To find out more about Millennial Lithium Corp, please contact investor relations at (604) 662-8184 or email info@millenniallithium.com.
MILLENNIAL LITHIUM CORP.
"Farhad Abasov"
President and CEO, Director
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This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the market for lithium, changes in exploration costs and government royalties or taxes in Argentina and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
