Millennial Announces Receipt of Interim Court Order for Plan of Arrangement with Lithium Americas Corp.

Vancouver, British Columbia--(Newsfile Corp. - December 6, 2021) - Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQB: MLNLF) ("Millennial" or the "Company") announced on November 17, 2021 that it had entered into a definitive arrangement agreement with Lithium Americas Corp. ("LAC") dated November 17, 2021 (the "Arrangement Agreement") pursuant to which LAC has agreed to acquire all of the outstanding common shares of Millennial ("Common Shares") by way of a plan of arrangement (the "Arrangement").

Millennial is pleased to announce that it has received an interim order of the British Columbia Supreme Court authorizing and approving various matters in connection with the Arrangement under the Business Corporations Act (British Columbia) including the holding of a special meeting to approve the Arrangement.

The Arrangement is subject to the approval of: (i) 66^2/3% of votes cast by holders of Common Shares ("Shareholders"); (ii) 66^2/3% of votes cast by Shareholders and holders of Common Share purchase warrants (together with Shareholders, "Voting Securityholders") voting together as a single class; and (iii) a simple majority of the votes cast by Shareholders excluding for this purpose the votes cast by any persons that are required to be excluded under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, at a special meeting of Voting Securityholders to be held on January 5, 2022 (the "Meeting"). Directors and senior officers of Millennial have entered into support and voting agreements pursuant to which they have agreed to vote their Common Shares in favour of the Arrangement.

It is anticipated that the management information circular for the Meeting (the "Circular"), which contains further details of the Arrangement, will be mailed on or before December 15, 2021.

In addition to Voting Securityholder approval, the Arrangement is also subject to the receipt of certain regulatory and court approvals, including Competition Act approval, the approvals of the Toronto Stock Exchange and the New York Stock Exchange, and other closing conditions customary in transactions of this nature.

About Millennial

To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email [email protected].

About LAC

Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, United States. Lithium Americas trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol "LAC".

MILLENNIAL LITHIUM CORP.

"Farhad Abasov"

President, CEO and Director

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.

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 the Arrangement, the mailing of the Circular, the anticipated Meeting date and completion of the Arrangement. The Company's current plans, expectations and intentions may be impacted by economic uncertainties arising out of the Covid-19 pandemic or by the impact of current financial and other market conditions. 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.

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