Midland and Osisko Identify Several Prospective Areas in the James Bay Region Near Eleonore and Resume Exploration Work

22 June 2017

Montreal, June 22, 2017. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce that several new prospective areas were identified during the first phase of a joint exploration program carried out 50/50 with Osisko Mining (“Osisko”). This strategic alliance formed in 2016 covers a regional area of more than 100 kilometres in length, deemed highly favourable and respectively located to the northwest of the Eleonore gold mine and to the southeast of the new gold discovery at Cheechoo.

The first regional exploration program carried out in 2016 included till surveys (717 samples), lake sediment surveys (102 samples) as well as prospecting work (240 rock samples). As a result of this work, several prospective areas were delineated, including eleven (11) high-priority areas that will be the focus of a ground follow-up during the next phase of exploration.

These new exploration targets, identified during the 2016 program, may be divided into two broad areas, located on either side of the Eleonore mine: the Northwest Area and the Southeast Area. Anomaly thresholds for tills and lake sediments were characterized by Osisko using their regional database for the James Bay region.

Northwest Area

  • Target 1: Characterized by a cluster of till samples with anomalous gold values above the 95th percentile (“PCT”), over more than 2 kilometres, in heavy mineral concentrates and in the fine fraction.
  • Target 2: Presence of an anomaly in gold grain counts in till samples and of arsenic values > 95 PCT in the fine fraction, in addition to a 2-metre-wide iron formation that graded 0.17 g/t Au in the prospecting campaign.
  • Target 3: A follow-up on an anomaly in gold grain counts in till samples yielded a copper anomaly > 95 PCT in the fine fraction.
  • Target 4: Anomaly covering more than 6 square kilometres, characterized by four (4) lakes with anomalous gold values > 99 PCT and one lake with anomalous arsenic > 99.5 PCT.

Southeast Area

  • Target 5: Cluster of gold and copper anomalies in the fine fraction of till samples > 95 PCT.
  • Target 6: Area characterized by several gold anomalies identified by prospecting, with values of 0.48 g/t Au, 0.28 g/t Au, 0.21 g/t Au and 0.17 g/t Au in grab samples collected in mafic volcanic rocks and paragneisses with pyrrhotite and pyrite mineralization. This area is located at the contact between the La Grande and Opinaca subprovinces. (Note that values from grab samples reported in this press release are selective by nature and may not be representative of the mineralized zones).The contact between these two geological subprovinces is the most important gold metallotect in the region.
  • Target 7: Three copper anomalies in the fine fraction of till samples > 95 PCT, combined with a zinc anomaly > 99 PCT; a float boulder also yielded a grade of 6.85% Cu.
  • Target 8: Target characterized by favourable geology identified during prospecting, with the presence of a silicified paragneiss with calc-silicate alteration and 2-10% pyrite and 2-3% pyrrhotite mineralization, which yielded values up to 0.31 g/t Au in grab sample. This target is also located directly along the prolific contact between the La Grande and Opinaca subprovinces.
  • Target 9: A gold anomaly > 95 PCT in the fine fraction, where cursory prospecting work was carried out in 2016.
  • Target 10: Cluster of lake sediment anomalies over more than 5 kilometres, characterized by two gold anomalies > 99.5 PCT, one gold anomaly > 95 PCT, and one antimony anomaly > 98 PCT.
  • Target 11: Several lakes with anomalous antimony values ranging from 0.3 to 0.9 ppm Sb.

The upcoming exploration program, with a total budget of at least $200,000, will mainly include prospecting and till surveys to follow up on these high-priority targets identified in 2016.

This new joint venture with Osisko encompasses several properties for a total of 1,827 mining claims covering a surface area of approximately 952.9 square kilometres. These new properties are located about 12 kilometres to the southeast and northwest of the Eleonore deposit held by Goldcorp Inc. This world-class gold deposit hosts proven reserves estimated, as at June 30, 2016, at 3.09 million tonnes at a grade of 6.72 g/t Au (0.67 Moz Au) and probable reserves of 20.35 million tonnes grading 5.97 g/t Au (3.90 Moz Au). The ore deposit also hosts measured resources of 3.21 million tonnes grading 7.27 g/t Au (0.75 Moz Au), indicated resources of 1.92 million tonnes grading 2.97 g/t Au (0.18 Moz Au) and inferred resources of 5.14 million tonnes at a grade of 5.66 g/t Au (0.93 Moz Au). (Note that the resource is not necessarily indicative of the mineralization on the property, and there is no certainty that a resource will be identified on the Company’s property).

Maps showing the location of the new prospective areas and properties held by the strategic alliance may be consulted using the following link: Click here

Quality Control

Rock samples from the EJV property are assayed by standard 30 gram fire-assaying with AA or gravimetric finish at AlS laboratories in Val d’Or, Québec or Sudbury, Ontario. All samples are also analysed for multi-elements, using four-acid –ICP –AES method at AlS laboratories. Exploration program design, Quality Assurance/Quality interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with the industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Corporation as well as the lab.

Till samples of 15 kg were shipped to Overburden Drilling Management in Ottawa, Ontario for gold grain counts using a shaking table and then hand panning for gold. A non-magnetic heavy mineral fraction extracted from the 15 kg tills was shipped to Actlabs in Ancaster, Ontario. The heavy mineral fraction was assayed for a multi-element analysis which consists in an atomic emission spectroscopy analysis (ICP-ES) with an aqua-regia digestion.

Till samples of 1 kg were sieved using a 63 micrometer mesh to get a fine fraction at Actlabs in Ancaster, Ontario. The fine fraction was analyzed using ICP-ES following a four-acid digestion and a neutron activation analysis (INAA). The data was reviewed by Mario Masson, VP Exploration for Midland, certified geologist and Qualified Person as defined by NI 43-101.

About Midland

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 Osisko Mining Inc., Altius Resources Inc., Agnico Eagle Mines Limited, Teck Resources Limited, IAMGOLD Corporation, SOQUEM INC., Japan Oil Gas and Metals National Corporation, and Abcourt Mines Inc. 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.

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
Email: 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.

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Projets

Abitibi
Baie James
Grenville
Nunavik

Projects

Abitibi
James Bay
Grenville
Nunavik

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, ing.

President,CEO, Director

Since November 1, 2006, Gino Roger has been President and CEO of Midland Exploration Inc. In 1990, he obtained his Bachelor’s degree from Laval University in Geological Engineering. . From May 1990 to October 2006, Mr. Roger was a senior and regional project geologist for Xstrata, Falconbridge and Noranda. He actively participated in the generation, acquisition and negotiation of a number of projects and the discovery of base metal deposits. He mainly worked in Quebec, Ontario, BC-Yukon and Sweden on different metallogenic projects and environments: gold, VMS, Sedex, MVT and IOCG. He and his team received the prestigious QMEA prospector of the year award in 2005 for the discovery of the West-Ansil deposit. Mr. Roger is a member of the Ordre des ingénieurs du Québec. He acted as an administrator of the Quebec Mineral Exploration Association (QMEA) for more than 28 years and is still an administrator of CONSOREM.

Jean-Pierre Janson

Chairman of the Board

Since 2019, Jean-Pierre Janson has been a consultant for Richardson Wealth Limited. From 2005 to 2019, he was Senior Director, National Wealth Management, at Richardson GMP Limited. He has also been a director and Chairman of the Board of Midland Exploration Inc. since 2005. Over the past 30 years, Mr. Janson has served as Managing Director at CIBC Wood Gundy Financial Services (Quebec) Inc. (Eastern Canada) and held executive positions at Merrill Lynch Canada Inc. and Midland Walwyn Inc. He has also been a director of Tri Origin Exploration Ltd. since May 2004 and a trustee of BTB Real Investment Trust since September 2007. In addition, he is a director of SIDEX s.e.c. and Harfang Exploration. In over 30 years in the financial services industry, he has built a reputation of trust and respect.

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 20 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, P.Geo.

Project Geologist

Project 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.