Option Agreement For The Cerro Colorado Ag-Au Project

TORONTO – Millennial Precious Metals has completed its evaluation and has entered into a definitive agreement with Tri Minerals Holdings Corp., for properties related to the Cerro Colorado Project. Pursuant to the Agreement, Millennial will acquire certain unpatented mining claims and state exploration permits for properties located in Pima County, Arizona. Cerro Colorado is located within a historic silver mining district, 70 km southwest of Tucson and is situated in the widely mineralized porphyry copper belt of southern Arizona and northern Mexico.

Jason Kosec, President and CEO, said, “The addition of the Cerro Colorado Project expands Millennial’s strategic foothold in the U.S.  to include a high-grade silver project along the Laramide porphyry copper mineral belt in Arizona in addition to its already promising portfolio of gold projects in Nevada. This asset provides Millennial investors greater silver exposure and aligns with the Company’s strategy of building a multimillion-ounce, multi-asset development company in the world’s top mining jurisdictions. Geologic mapping and rock sampling and permitting process will start soon with the estimated goal of initiating drilling at the project in early 2022”.