Midland and Soquem intersect three new gold-bearing zones while drilling on Casault and begin a new drilling campaign

22 October 2015

Montreal, October 22, 2015. Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with SOQUEM INC. (“SOQUEM”),is pleased to announce the intersection of three new gold-bearing zones on the Casault project, confirming the potential west of the mineralization intersected in 2012 as well as the beginning of an eight (8) holes drilling program totaling 2,800 meters. These new zones were discovered about 50 meters west of the 2012 discovery in the drill hole CAS-12-07, which had reported 10.4 g/t Au over 1.45 meter. The Casault property covers the Sunday Lake fault over 20 kilometers and is located about 40 kilometers east of the Detour Lake mine that currently contains proven and probable mineral reserves (NI 43-101) of 15.0 million ounces of gold near surface (source: Detour Gold Corporation website).

New gold-bearing intersections west of the 2012 discovery.

Drill hole CAS-15-53 was drilled westward in order to verify the possibility of an auriferous veins system oriented roughly north-south. These veins had not been intersected by previous works because they had been drilled with a northward direction. From 163.80 to 164.00 meters and 169.00 to 169.60 meters, two gold zones interpreted as corresponding with the 2012 discovery in the drill hole CAS-12-07, respectively reported 8.3 g/t Au over 0.20 meter and 6.1 g/t Au over 0.60 meter. In addition to this area, three (3) new zones of gold-bearing quartz veins were intersected slightly to the west and reported

3.8 g/t Au over 0.60 meters (From 277.90 to 278.50 meters)
5.4 g/t Au over 1.00 meter (From 295.00 to 296.00 meters)
6.9 g/t Au over 1.10 meters (From 395.00 to 336.10 meters)

In addition, several other gold anomalous zones were also identified in drill hole CAS-15-53 and reported

– 0.38 g/t Au over 4.50 meters (From 150.00 to 154.50 meters)
– 0.98 g/t Au over 1.00 meter (From 176.00 to 177.00 meters)
– 0.58 g/t Au over 1.15 meters (From 209.45 to 209.60 meters)
– 0.35 g/t Au over 3.05 meters (From 274.85 to 277.90 meters)

These new areas remains unexplored and open in all directions and they identify a new potential for more than 10 kilometers of possible structures oriented north-south near the northern contact of syntectonic Turgeon pluton.

Gold-bearing porphyry sector (QFP)

During the summer drill campaign, a total of fifteen (15) drill holes totaling 5,002.00 meters was completed. Of these, five (5) drill holes, CAS-15-55 to CAS-15-59, were drilled in the gold-bearing porphyry intrusion sector which had been updated in drill hole CAS-15-44 last winter. These five holes, spread over a distance of 2 kilometers, intersected several anomalous gold values associated with porphyry intrusions and altered gabbro in silica, sericite, and hematite locally, confirming the excellent gold potential of this sector which is strategically located in a folded zone in contact between the basin conglomerates ‘Timiskaming’ type and the mafic volcanics. In addition, new anomalous zones were intersected for the first time in the mafic volcanics north contact of the porphyry intrusion. Among the best anomalous zones above 150 ppb Au on at least half a meter intersected in the area, note that

Drill hole CAS-15-55 (Drilling survey west to test the north-south possible structure)

– 0.64 g/t Au over 0.50 meters (From 173.70 to 174.20 meters)

Drill hole CAS-15-56 (Drilling survey chisel with CAS-15-44 survey)

– 0.29 g/t Au over 5.05 meters (From 90.50 to 95.55 meters)
– 0.16 g/t Au over 1.50 meters (From 117.00 to 118.50 meters)
– 0.15 g/t Au over 1.50 meters (From 190.00 to 191.50 meters)

Drill hole CAS-15-57 (Drilling survey northward at 600 metres east of CAS-15-56)

– 0.22 g/t Au over 1.50 meters (From 35.00 to 36.50 meters)
– 0.18 g/t Au over 0.50 meters (From 38.33 to 38.83 meters)
– 0.16 g/t Au over 0.80 meters (From 97.45 to 98.25 meters)
– 0.19 g/t Au over 0.50 meters (From 122.50 to 123.00 meters)
– 0.52 g/t Au over 0.50 meters (From 129.10 to 129.60 meters)
– 0.24 g/t Au over 1.00 meter (From 183.00 to 184.00 meters)
– 0.18 g/t Au over 1.10 meters (From 204.00 to 205.10 meters)
– 0.15 g/t Au over 0.60 meters (From 385.90 to 386.50 meters)

Drill hole CAS-15-58 (Drilling survey south at 330 metres west of CAS-13-28A)

– 0.22 g/t Au over 3.00 meters (From 145.00 to 148.00 meters)
– 0.20 g/t Au over 0.80 meters (From 152.00 to 152.80 meters)
– 0.42 g/t Au over 0.50 meters (From 171.00 to 171.50 meters)
– 0.31 g/t Au over 6.00 meters (From 199.00 to 205.00 meters)

Drill hole CAS-15-59 (Drilling survey north-west at 600 metres south-west of CAS-15-58)

– 0.20 g/t Au over 2.50 meters (From 192.50 to 195.00 meters)
– 0.39 g/t Au over 1.50 meters (From 249.50 to 251.00 meters)

The other surveys completed during this campaign to test geological and structural targets and also induced polarization geophysical regional target and TDEM, did not return significant in gold value despite the fact that all targets were explained by the presence of sulfides.

Midland and SOQUEM are currently studying the opportunity to add more drill holes in order to follow in the area of drill hole CAS-15-53 as well as in the gold porphyry intrusion sector.Midland and SOQUEM also announce that a new drill program totaling 2,600 meters was approved to begin in mid-October to test the extensions of new gold vein intersections of drill hole CAS-15-53 and the southern contact of gold-bearing porphyry intrusion altered in magnetite-hematite intersected in drill hole CAS-15-57. During this campaign, induced polarization targets will also be tested.

Maps showing the location of the Casault property and the drilling results may be consulted using the following link:http://media3.marketwire.com/docs/CasaultOct2015.pdf

http://media3.marketwire.com/docs/CasaultOct2015.pdf

Quality Control

All analysis were performed by ALS Minerals in Vancouver, B.C. while the samples were prepared in Val-d’Or, Quebec. All samples has been analysed for gold by fire assay with an ICP final over a 30 grams fraction. Certified standards and blanks were inserted regularly among the stream of samples for verification and QA/QC. The data was reviewed by Mario Masson, VP Exploration for Midland, certified geologist and Qualified Person as defined by NI 43-101.

About Midland Exploration

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements, base metals and rare earth elements. Midland is proud to count on reputable partners such as SOQUEM INC., Teck Resources Limited, Agnico Eagle Mines Limited, Sphinx Resources Ltd and Japan Oil and Gas and Metals National Corporation. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.

About SOQUEM and Investissement Québec

SOQUEM is a wholly-owned subsidiary of Ressources Québec, which is a subsidiary of Investissement Québec. Investissement Québec’s mission is to promote growth and investment in Quebec, thereby contributing to economic development and job creation in all regions of the province. It offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments to provide support at every stage of their development. It also administers tax measures and oversees prospecting for foreign investment.

This press release was prepared by Mario Masson, VP Exploration for Midland, certified geologist and Qualified Person as defined by NI 43-101. For further information, please consult Midland’s website or contact

Gino Roger, President and Chief Executive Officer


Tel. : 450 420-5977
Fax : 450 420-5978
E-mail : info@midlandexploration.com

Website : www.explorationmidland.com

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 press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities. –

Documents

MARIO MASSON, P. GEO.

V.P. Exploration

More than 30 years of experience in mineral exploration in Quebec.

Mario Masson holds a Bachelor’s degree in Geology from the Université de Montréal. Before joining Midland’s team, Mario worked several years has a geologist at Nipadex and Muscocho. In 1990, he started working for Noranda Exploration in Matagami has a Project Geologist and was a part of the team that found the Orchan West and Bell Allars deposits. He was also involved in the discovery of the Perseverance deposit in the Matagami Mining Camp in 2000. After this discovery, Mario and his team win the PDAC Bill Dennis Award in 2001. From 2002 to 2007, he was in charge of the exploration activities in the Noranda Mining Camp has a Senior Geologist for Noranda Inc – Falconbridge ltée – Xstrata Copper. In addition, he was also involved in the discovery of the West Ansil deposit in the Noranda Mining Camp in 2005, which allowed the Falconbridge ltée exploration team to win the Prospector of the Year award at the QMEA. Since January 2008, he is a part of Midland Exploration team as VP Exploration.

GINO ROGER, P.ENG.

President,CEO, Director

Gino Roger has been President and Chief Executive Officer of the Company since November 1, 2006. Mr. Roger has graduated as a geological engineer from Laval University in 1990. From May 1990 to October 2006, Mr. Roger was a Project Geologist, Senior Geologist and Regional Geologist for Xstrata, Falconbridge and Noranda. During those years he was actively involved in the generation, acquisition and negotiation of many significant projects and discovery of mineral deposits. He worked in Quebec, Ontario, B.C., Yukon and Sweden on a wide variety of projects involving gold, VMS, SEDEX, MVT, and IOCG ore deposits. Mr. Roger and his team received the AEMQ’s prestigious Prospector of the Year Award in 2005, for the discovery of the West Ansil deposit. He is a member of the Ordre des ingénieurs du Québec and of the Canadian Institute of Mining, Metallurgy and Petroleum. He is a director of the Quebec Mineral Exploration Association.

JEAN-PIERRE JANSON

Chairman of the Board

Jean-Pierre Janson joined Richardson GMP in January 2005 as Managing Director, National Wealth Management. As such, he oversees the development of branches nationwide, and seeks new opportunities to bring some of the industry’s Top Investment Advisors to the firm. In addition, Mr. Janson also serves on the Richardson GMP’s executive committee and in that capacity works closely with the Executive Management Team on the firm’s strategic direction.

Mr. Janson was previously Managing Director of CIBC Wood Gundy Financial Services (Eastern Canada Region) and held senior management positions with both Merrill Lynch Canada Inc. and Midland Walwyn Inc. Having built a reputation of trust and respect during more than 30 years in the financial services industry, Mr. Janson continues to demonstrate his involvement through Richardson GMP Limited. He also serves as trustee of BTB Real Estate Investment Trust and as member on the board of Tri-Origin Exploration Limited.

RENÉ BRANCHAUD

Secretary and Director

René Branchaud holds an LLB from Université Laval obtained in 1982. He has been a lawyer since 1983 and is a partner of the law firm Lavery, de Billy L.L.P. He has a vast experience as secretary and director of mining corporations.

INGRID MARTIN

Chief Financial Officer

Ingrid Martin holds a Bachelor in Business Management from the École des hautes études commerciales (HEC), in Montréal, Quebec. She is a member of the Order of Chartered professional accountants of Quebec since 1990 and possesses a vast experience as consultant for public companies. She acts, also, as Chief Financial Officer of Vior Inc. Mrs. Martin is devoting 40% of her time to Midland Exploration.

PAUL ARCHER

Director

Paul Archer has a Bachelor’s degree in Geological Engineering and a Master’s degree in Earth Science. He has more than 35 years of experience in the mining industry, particularly in exploration for gold and base metals in Archean terrains. He developed his expertise working with various companies, including Shell Minerals, Noranda Exploration, Northgate Explorations, Westminer Canada and SOQUEM, where he was Regional Manager for Northern Quebec. On May 1, 1996, Mr. Archer joined Virginia Mines as Vice-President of Exploration and Acquisitions and Director. Mr. Archer was actively involved in the discovery and development of the Eleonore project, from the preliminary field campaign through to the sale of the deposit to Goldcorp. In November 2014, he joined Osisko’s management team following the Osisko/Virginia merger. He was elected President of the Quebec Prospectors Association in 1996 and 1997. Over the years, Mr. Archer has received, on behalf of Virginia, several prestigious prizes, including the Bill Dennis Award from the PDAC in 2006 for the discovery of the Eleonore deposit.

ANNIE DUTIL

Director

Annie Dutil is a member of the Quebec CPA Order and is Nomad’s corporate controller. Ms. Dutil brings over 15 years of extensive mining knowledge, specifically in the areas of public accounting, compliance with financial information obligations and regulatory matters. Prior to joining Nomad, Ms. Dutil has held a number of positions at PwC, including a role as director where she has led the Capital Markets and Accounting Advisory Services group in Montréal. In her current and previous roles, she has assisted several companies in their capital markets activities, including initial public offerings, financings, cross-border transactions and complex accounting and regulatory matters. Ms. Dutil is the co-founder of the Montreal chapter of Women in Mining and is involved in many community and philanthropic activities, currently serving as a member of the Board of Directors of Factry, the School of the Creative Sciences, and Théâtre de la Banquette Arrière.

Jean des Rivières

Director

Mr. Jean des Rivières holds a Bachelor of Science degree in Geology from Université du Québec à Montréal and a Master’s degree of Science in Geology from École Polytechnique de Montréal affiliated to the University of Montreal. He has over 35 years of diversified experience in the exploration and mining industries while working in more than 50 countries touching base and precious metals. He most recently held the position of global Vice President Metals Exploration at BHP and previously held managerial and technical positions at Rio Algom, BHP, and Noranda. With BHP, Mr des Rivières chaired the Inclusion and Diversity committee of the Americas. After a successful career, he recently joined the board of directors of First Majestic Silver Corp., Montero Mining and Exploration Ltd., and Midland Exploration Inc.

JEAN-FRANÇOIS LARIVIÈRE, P.GEO.

Project geologist

More than 10 years of experience in mineral exploration in Quebec.

Project geologist for Midland Exploration, Jean-François holds a PhD from Université du Québec à Chicoutimi in Mineral resources, specialist in zinc-bearing mineralization with an expertise in metallogeny of metalliferous deposits.

RICHARD ST-CYR, P. GEO.

Project geologist

More than 30 years of experience in mineral exploration in Quebec, British Colombia and Dominican Republic.

Project Geologist for Midland Exploration since 2012, Richard holds a Bachelor degree in Resources Geology from Université du Québec à Montréal. Before joining Midland’s team, he was a Project Geologist for Services Technominex – Aurizon Mines, Sirios and Unigold on several gold exploration projects. Between 1997 and 2006, he worked has a Project Geologist (5 years) and Technical Director (4 years) for the Nunavik Mineral Exploration Fund. At the beginning of his career, Richard worked as a Prospector for SOQUEM, Virginia Gold / Barrick Gold on gold projects in James Bay and Northern Quebec. He was also involved in the exploration of the Eskay Creek discovery in British Colombia.

LOUIS-PHILIPPE RICHARD, P.GEO.

Project geologist

More than 10 years of experience in mineral exploration in Quebec.

Project geologist for Midland Exploration, Louis-Philippe holds a Bachelor’s degree in Geology from Université Laval. Prior to joining the team, he worked 4 years for Nemaska Exploration / Monarch Resources / Nemaska Lithium in the Nemiscau area where he managed and participated exploration campaigns for lithium, gold and base metals. He also participated in the development of the Whabouchi lithium project.

Romain Deflin, Geo., Jr

Trainee Geologist

Trainee geologist for Midland Exploration, Romain Deflin holds a degree in geological engineering from l’ENSG (École National Supérieure de Géologie in Nancy) and a master degree in Mineral Resource Exploration from Université de Lorraine. He completed a 4 months internship with Midland before joining the team permanently in 2019.

Philippe Allard, Geo. M.Sc.

Project geologist

More than 20 years of experience in mineral exploration in Québec, Canadian Arctic, and Dominican Republic.

Project Geologist for Midland Exploration since May 2019, Philippe holds a Bachelor degree in Geology and a master in Earth Sciences from UQAM (Université du Québec à Montréal). Before joining Midland’s team, Philippe worked as an Exploration Geologist for Goldcorp, Ressources Sirios, Unigold and the Nunavik Mineral Exploration Fund (NMEF). At the beginning of his career, he also worked as an assistant geologist and a geologist for Virginia Gold Mines, Cambiex, Miramar Mining, Noranda Exploration, SOQUEM and Services Miniers du Nord on gold and base metals projects, mainly in James Bay. Moreover, he was at the origin of the discovery by prospection of the Cheechoo deposit in James Bay in 2010.

SYLVAIN TRÉPANIER, P.GEO.

Geologist Consultant

More than 20 years of experience in mineral exploration and research in Quebec.

Sylvain Trépanier holds a Bachelor’s degree in Geology, a Master’s degree in Earth Science and a Bachelor’s degree in Computer Science and Software Engineering from Université du Québec à Montréal. Sylvain began his career for Noranda in 1995 and worked on various projects in Quebec until 2001. From 2004 to 2012, he worked has a research geologist at CONSOREM. During his years working at CONSOREM, he has carried out numerous research projects applied to mineral exploration and has developed expertise recognized in Quebec in various fields related to exploration: lake-bottom, streams and tills sediments geochemistry, alterations lithogeochemistry, statistical data processing and potential mineral evaluation by artificial intelligence. He is the author of several scientific articles, research reports and public presentations. He designed and developed the Lithomodeleur software for geochemistry treatment, which is now widely used in Quebec by exploration companies, governments and universities. From 2012 to 2016, he worked for Virginia Mines and Osisko Gold Royalties as a Senior Research Geologist and was involved in most of the company’s projects in James Bay and the Labrador Trough. He is co-recipient of the QMEA Jean-Descarreaux Award in 2011 with the CONSOREM team. Mr. Trépanier joined Midland in November 2016 as a VP Exploration James-Bay/Northern Quebec.