Millennium Silver Corp. — Capital/Financing Update 2020

Aug 29, 2020

Form 51-102F3 Material Change Report

Item 1	Name and Address of Company
	International Millennium Mining Corp.20 Sixth StreetNew Westminster, B.C.
	V3L 2Y8
Item 2	Date of Material Change
	August 28, 2020
Item 3	News Release
	A news release dated August 28, 2020, disseminated by Accesswire.
Item 4	Summary of Material Change
	The issuer ("IMMC") announces that further to its July 14, 2020, press release,it has closeditsnon-brokeredprivate placementin trust, pending the final acceptance of the TSX VentureExchange,in the amount of $659,465. The private placement consistsof 32,973,250 unitsat $0.02 per unit, each unit is comprised of one (1) common share and one (1) nontransferable share purchase warrant entitling the holder to purchase an additional share at$0.05per share for a period of thirty-six(36) months from the date of issuance.
	IMMCwill pay up to a 6% finder's fee and issue broker share purchase warrants,up to 8%of the Private Placement units, with respect to$603,000 of the Private Placement. Eachbroker warrant will entitle the holder to acquire one common share at $0.05 for a period ofthirty-six (36) months from the closing of the placement.
Item 5	Full Description of Material Change
	See attached news release dated August 28, 2020.
Item 6	Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
	N/A.
Item 7	Omitted Information
	None
Item 8	Executive Officer
	John A. Versfelt, President & CEO, Telephone: 604.527.8135
Item 9	Date of Report
	Dated at New Westminster, British Columbia this August 28, 2020.
Signed:	"John A. Versfelt"
	_________________________________John A. Versfelt, President & CEO

FOR RELEASE: August 28, 2020 Telephone: 604-527-8135 CONTACT: John A. Versfelt, President & CEO E-mail: info@immc.ca

International Millennium Mining Corp. Closes Private Placement

_____________________________________________________________________________________

VANCOUVER, British Columbia, August 28, 2020 -- International Millennium Mining Corp. (TSX-V: IMI) (the "Company" or "IMMC") reports that, further to its July 14, 2020, press release, it has closed its non-brokered private placement in trust, pending the final acceptance of the TSX Venture Exchange, in the amount of $659,465. The private placement consists of 32,973,250 units at $0.02 per unit, each unit is comprised of one (1) common share and one (1) non-transferable share purchase warrant entitling the holder to purchase an additional share at $0.05 per share for a period of thirty-six (36) months from the date of issuance (the "Private Placement").

The Company will pay up to a 6% finder's fee and issue broker share purchase warrants, up to 8% of the Private Placement units, with respect to $603,000 of the Private Placement. Each broker warrant will entitle the holder to acquire one common share at $0.05 for a period of thirty-six (36) months from the closing of the placement.

The Private Placement proceeds will be used to payout debenture loans and debenture loan interest of up to $130,000 incurred by the Company in 2019 and 2020; to initiate an exploration program on the Silver Peak property, pursuant to the Company's 2019 NI 43-101 Technical Report; and for working capital.

As it is anticipated that certain insiders will participate in the Private Placement, it is considered to be a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on the exemptions from the valuation and the minority approval requirements of MI 61-101 provided for in subsections 5.5(a) and 5.7(a) of MI 61-101, respectively, as the fair market value of the transaction, and the consideration paid in the Private Placement, in each case, in relation to the interested parties, will not represent more than 25% of the Company's market capitalization, as determined in accordance with MI 61-101.

International Millennium Mining Corp. (TSX-V: IMI) is focused on the exploration and development of its Silver Peak silver-gold project in southwest Nevada. The Company's common shares trade on the Exchange under the symbol: IMI.

ON BEHALF OF THE BOARD

"John A. Versfelt"

John A. Versfelt President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com), the Company's website (www.immc.ca) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527-8135.

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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. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.