Mila Resources announced an update on the negotiations regarding the acquisitions of 100% of the share capital of Capital Metals Limited ("CML"). Unfortunately, agreement between the two parties has not materialised, resulting in negotiations being terminated by mutual consent. Following the termination of talks with CML, Mr. George Donne and Mr. Anthony Eastman, both Executive Directors of Mila Resources, have informed the Company of their intention to step down from the Board with immediate effect.