Millennial Lithium Options Cauchari East Lithium Project in Argentina - Seite 2

(a)	to earn a 50% interest in the Property:
	(i)	pay to the Optionor $250,000 upon execution of this Agreement;
	(ii)	issue to the Optionor $500,000 worth of Millennial common shares within ten (10) business days of the date of TSX Venture Exchange approval (the "Approval Date") of this Agreement;
	(iii)	pay to the Optionor an additional $750,000 on or before the first anniversary of the Approval Date;
	(iv)	issue to the Optionor an additional $1,000,000 worth of Millennial common shares on or before the first anniversary of the Approval Date; and
	(v)	make $2,000,000 in Expenditures on or before the first anniversary of the Approval Date unless another date is agreed by the parties.
(b)	to earn the remaining 50% interest in the Property, make the following additional payments, share issuances and Expenditures:
	(i)	pay to the Optionor $1,000,000 on or before the third anniversary date of the Approval Date;
	(ii)	issue to the Optionor $1,000,000 worth of Millennial common shares on or before the third anniversary date of the Approval Date; and
	(iii)	make an additional $2,000,000 in Expenditures on or before the third anniversary of the Approval Date.

Graham Harris, Chairman of Millennial, states "Adding Cauchari East compliments our strategy to acquire and advance multiple properties in the Lithium Triangle . Cauchari East, gives us another project that is drill ready and based on the work of Orocobre and others, provides us an excellent opportunity for early success".