MillenMin Ventures Inc. Announces Filing of Filing Statement and Technical Report for Proposed Qualifying Transaction

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TORONTO, May 14, 2012 /CNW/ - MillenMin Ventures Inc. (TSX-V: MVM.P) ( "MillenMin" or the "Company") is pleased to announce that, further to its news release on March 8, 2012, the Company's proposed Qualifying Transaction (the "Proposed Transaction") has been conditionally accepted by TSX Venture Exchange (the "Exchange") on May 9, 2012. MillenMin has been granted the exclusive right and option to acquire an undivided 70% interest in the Windpass Gold property (the "Property") pursuant to its option agreement dated March 7, 2012 with Nevada Clean Magnesium Inc. ("Nevada CMI") (formerly, Molycor Gold Corp.) (TSX-V: NVM) (PINKSHEETS:MLYFF) (FRANKFURT:M1V).

MillenMin further announces that its filing statement dated May 10, 2012 with respect to the Proposed Transaction has been filed and is available on SEDAR at www.sedar.com. The Company has also filed on SEDAR a National Instrument 43-101-compliant technical report with respect to the Property entitled "WINDPASS GOLD PROPERTY EVALUATION REPORT, NI 43-101 Qualifying Report, Little Fort Area, British Columbia", authored by Norm Tribe, P. Eng., and dated March 25, 2012, as amended April 30, 2012. Mr. Tribe is a "qualified person" as defined in NI 43-101 and is independent of MillenMin and Nevada CMI.

Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to, the final acceptance of the Exchange. The Company expects to close the Proposed Transaction on or before May 24, 2012 or such other date as may be determined by the Company subject to regulatory approval. Upon Completion of the Proposed Transaction, it is expected that the Company will continue to be named "MillenMin Ventures Inc." and its trading symbol will continue to be "MVM". There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

Neither 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.

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

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Qualifying Transaction and has neither approved nor disapproved the contents of this news release.

Forward-Looking Statements

This press release may include forward-looking information within the meaning of applicable securities laws including information concerning the business and future results of the Company that are not historic facts. Any such forward-looking statements are subject to risks and uncertainties, and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.  Actual future results may differ materially. The Company cannot offer any assurances that a Qualifying Transaction will be completed. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.  Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. Additional information on these and other potential factors that could affect the Company's actual results, performance or achievements are detailed in disclosure documents filed from time to time with the applicable securities regulatory authorities.

Yunkai (Kent) Cai, President, CFO and Secretary, Telephone: [phone], [email protected].