The Cygnum Capital Investment Banking team has supported Millennial Potash Corp.(TSX-V: MLP, OTCQB: MLPNF, and Frankfurt: X0D) on securing $3,000,000 of project development funding from the U.S. International Development Finance Corporation ("DFC") for the progression of the Banio Potash Project in Gabon.

The strategic investment, done under the DFC’s Project Development Program, will support a feasibility study of the Company’s potash project in Gabon which will be initiated in the coming months. The Banio project, located in south western Gabon, is expected to support regional food security by increasing access to domestically produced potash, a critical fertiliser component. The DFC project development funding demonstrates the increasing strategic importance of Millennial’s Banio Potash Project not only for Africa but for other key potash consuming markets in the world. The DFC involvement also de-risks the project on many accounts and supports the successful start of a bankable feasibility study later this year.

DFC is the U.S. Government’s development finance institution that partners with the private sector to mobilise capital for strategic investments around the world. This significant investment will position Gabon as an emerging exporter within the continent, enhancing its position in the global agricultural supply chain and fueling long-term economic growth across Africa.

Farhad Abasov, Millennial’s Chair, commented “Millennial is very excited to announce a strategic investment by DFC in Millennial’s Banio Potash Project in Gabon. DFC senior executives have visited Gabon several times over the past few months and have expressed their interest in exploring U.S. private sector investment opportunities in the country. We would also like to thank the team at Cygnum Capital for working with both MLP and DFC to facilitate this agreement".