In order to regain compliance with the rule, the bid price of the Company’s common stock must close at or above $1.00 per share for a minimum of ten consecutive business days prior to April 21, 2008. If this does not occur, the Company will be notified that its securities may be de-listed from Nasdaq. At that time, the Company may request a hearing to submit a plan of compliance.

About Millennium Cell

Millennium Cell is a leader in the development of hydrogen battery technology used to power portable applications. Through its proprietary Hydrogen on Demand® fuel cartridges and PowerSkin™ fuel cell modules, the Company provides increased energy density resulting in longer runtime and lighter weight in a compact space. The Company is working with market partners to meet the demand for a better battery in the military, medical, industrial and consumer electronics markets. For more information, visit www.millenniumcell.com.