Millennium Silver Corp. announced that it has entered into an Option Agreement (the "Option Agreement") to acquire one hundred and thirty-five (135) mineral claims covering three thousand three hundred seventy-five (3,375) hectares, in Deer Lake, in western Newfoundland (the "Pynn's Brook Property"). Under the terms of the Option Agreement, Millennium Silver has agreed to pay CAD 6,875 (the "Cash Consideration") and issue one million (1,000,000) common shares in the capital stock of the Company to the Optionors over a period of six (6) months, subject to receiving TSX Venture Exchange ("TSX-V") approval. Pursuant to the Option Agreement, the Optionors shall also be entitled to receive a royalty on production equal to 1.5% Net Smelter Return Royalty ("NSR"), of which 0.5% interest of the NSR can be purchased by the Company for CAD 500,000. The Pynn's Brook Property overlies the Pynn's Brook ophiolite and coincident NE/SW structural trend, located near Deer Lake, in western Newfoundland. The Pynn's Brook Property covers an 18 km portion of the trend which represents a continuation of the prolific, gold-rich, 3-5 km wide, Baie Verte (structural) Lineament, located 75-145 km farther northeast, on the Baie Verte Peninsula. More regionally, this feature comprises part of the Baie Verte- Brompton Line - a major Appalachian-scale tectonic suture zone, marking the collisional boundary between Cambrian to Ordovician oceanic crust (ophiolite), of the ancient Iapetus Ocean basin, and Precambrian, deformed, continentally-derived, siliciclastic sediments (Fleur de Lys Group) of the ancient North American continent. Throughout the Appalachians, these tectonostratigraphic divisions are represented by the Dunnage and Humber ones, respectively. In western Newfoundland, the Baie Verte-Brompton Line remains largely hidden due to younger (Devonian- Carboniferous) sedimentary cover. However, relatively late faulting along the Deer Lake sedimentary basin, has resulted in significant uplift and erosion, leading to exposure of the underlying thrust-faulted contact between the older oceanic crustal rocks (Pynn's Brook Ophiolite) and metamorphosed siliciclastic rocks (of the Fleur de Lys Group). On the Baie Verte Peninsula, the structural contact zone between these two terranes is host to numerous gold occurrences with two discoveries in the late 1980's (Pine Cove and Stogertite deposits) presently undergoing production. Logistically, the Pynn's Brook Property is conveniently located near the Trans Canada Highway and adjacent to a power transmission line, and lies between the nearby towns of Pasadena and the airport town of Deer Lake. A number of old logging roads provide access through various portions of the Pynn's Brook Property. The Pynn's Brook Property acquisition brings the Company's total mineral claim holdings in Newfoundland and Labrador to five thousand seven hundred and seventy-five (5,775) hectares. In addition to the shares to be issued pursuant to the Option Agreement, Millennium Silver has agreed to pay a finders fee of 30,000 common shares. The Option Agreement and related finders fee remain subject to the final approval of the TSX-V. Any securities issued in connection with the transaction will be subject to applicable statutory hold periods for a period of four months from the date of issuance.