My advice: 1. Suggest that the work to replace it is prioritized commensurate with the business impact caused whilst re-establishing service as if it went down right now 2. Remind them that it will go down at the worst possible time. 3. Ensure your name is attached to these two warnings. 4. Promise yourself you wouldn't run your business this way. 5. Get on with your life.
When shit hits the fan if the company wanted to throw you under the bus they could delete them remotely from your machine or work mailbox and then pretend the warnings never existed.