MillenMin Ventures Inc. Reports Results of Annual and Special Meeting of Shareholders, Proposed Name Change and Officer Appointments

TORONTO, Jan. 14, 2019 (GLOBE NEWSWIRE) -- MillenMin Ventures Inc. (TSX-V:MVM) (the "Company") announces that, at its annual and special meeting of shareholders held on January 7, 2019 (the "Meeting"), shareholders approved all of the matters set forth in the notice of meeting dated November 29, 2018, including the proposed change of name of the Company from "MillenMin Ventures Inc." to "Milestones Adventures Corporation Inc." The name change is subject to TSX Venture Exchange ("TSXV") approval. Although trading of the Company's shares remains halted on the TSXV and it is expected that the trading halt will continue until submissions to the TSXV for a Change of Business or a Reverse Takeover transaction in accordance with the requirements of and with the approval of the TSXV (a "COB/RTO Transaction"), once trading resumes, the Company will resume trading its share under the current symbol "MVM".

As mention above, shareholders approved all of the matters at the Meeting. The voting results, with a total of 34,168,000 voting shares or 81.16% of the Company's issued and outstanding voting shares represented at the Meeting, are summarized as follows:

Following the Meeting, the Board of Directors by written resolutions: (1) elected or appointed Xu Qian as Chairman of the Board; Tianqi Sun as Chief Executive Officer, and Ching Fu Cheng as Chief Financial Officer and Secretary; (2) reappointed three directors, Su-Jen Kuo, Zhen Zhang Sullivan and Jenny So Ching Fung, to the Company's Audit Committee: (3) reappointed three directors, Shunyi Yao, Zhen Zhang Sullivan and Jenny So Ching Fung, to the Company's Compensation Committee; (4) reappointed three directors, Shunyi Yao, Zhen Zhang Sullivan and Jenny So Ching Fung, to the Company's Nomination Committee; and (5) appointed three directors, Zhen Zhang Sullivan, Jenny So Ching Fung (Chair) and Shunyi Yao, to form a Special Committee of the Board of Directors to supervise, conduct, coordinate and manage any proposal in connection with a COB/RTO Transaction. There can be no assurance that the efforts of the Special Committee will result in a COB/RTO Transaction or any transaction at all. The Company does not intend to disclose further details with respect to this process, unless and until the Special Committee and the Company's Board of Directors approves a COB/RTO Transaction or otherwise determines that disclosure is appropriate or required pursuant to applicable securities laws. Zhen Zhang Sullivan and Jenny So Ching Fung are independent directors.

Additional Information

For further information, please contact Mr. Fan Xu at 1-289-597-9188. Additional information about the Company is available on SEDAR at www.sedar.com.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Completion of a COB/RTO Transaction is subject to a number of conditions, including but not limited to, finding and negotiating a suitable COB/RTO Transaction, TSXV acceptance and applicable disinterested shareholder approvals, as applicable. A COB/RTO Transaction cannot close until the required shareholder approvals and applicable regulatory approvals are obtained and contractual conditions are met or waived. There can be no assurance that a COB/RTO Transaction will be completed.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.

The TSXV has in no way passed upon the merits of and has neither approved nor disapproved the contents of this news release.

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news 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. The forward-looking statements and information in this news release includes information relating the continuation of the trading halt and the submissions for and completion of a COB/RTO Transaction, as and when applicable. The forward-looking information is based on certain assumptions, which could change materially in the future. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, identifying and negotiating an acceptable COB/RTO Transaction, the necessary directors, shareholders and regulatory approvals are not obtained or a suitable COB/RTO Transaction may not be identified on the desired timeline, or at all. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.