Midland begins new exploration campaign on its Mythril and Mythril Regional projects

11 August 2020

Montreal, August 11, 2020. Midland Exploration Inc. (“ Midland ”) ( TSX-V: MD ) is pleased to report that exploration work has resumed on its Mythril and Mythril Regional projects (100% Midland), located in Eeyou Istchee James Bay, Quebec. The summer 2020 program includes a lake sediment survey and a prospecting and reconnaissance campaign. The prospecting campaign will take place in August, over a period of 3 weeks, and will target newly defined lake sediment anomalies, as well as copper-gold-molybdenum and gold occurrences and boulder fields discovered in 2019 on the two projects.

Lake sediment survey conducted in June 2020

A high-density lake sediment survey totalling 190 samples was conducted last June on the Corvette claim block, located approximately 40 kilometers southeast of Cu-Au-Mo occurrences on the Mythril project. The survey covered the entire claim block, where new Cu-Au-Mo showings and boulders were discovered in September 2019(see press release by Midland dated October 31, 2019). Survey samples have been analyzed using portable XRF technology (Reflex Vanta) to obtain preliminary results as quickly as possible in order to follow-up on potential anomalies in August.

In the west part of the Corvette block, in 2019, five grab samples from outcrops scattered over an area of approximately 30 meters graded, on average, 0.65% Mo, 0.1% Cu, 0.09 g/t Au, 6.0 g/t Ag, with best results at 1.79% Mo. One grab sample from a subcrop located nearby also graded 3.84 g/t Au and 0.45% Mo . Mineralization on the Corvette claim block occurs as stockworks of quartz veinlets and molybdenite and chalcopyrite-filled fractures in a tonalite. The mineralization is interpreted as a porphyry-type molybdenum-copper-gold system. Again in 2019, a meter-scale tonalite boulder with arsenopyrite mineralization graded 3.47 g/t Au and 1.1 g/t Au in grab samples. The source of this boulder remains unknown. This high-potential area has seen very little previous exploration.

Prospecting and reconnaissance in August 2020

Follow-up prospecting will be conducted on the Tilly South block of the Mythril Regional project. In 2019, a new Cu-Au-Mo showing was discovered in the northeast part of the claim block (Tornado showing). The latter is located approximately 45 kilometers northeast of Cu-Au-Mo showings identified on the Mythril project. On the Tornado showing, a grab sample from a decimeter-scale chalcopyrite zone graded 4.7 g/t Au, 0.39% Cu and 3.58 g/t Ag . On the same outcrop, a mineralized zone with molybdenite-filled fractures graded 2.11 g/t Au and 0.02% Mo in grab sample. Finally, a centimeter-scale quartz-feldspar vein on the same outcrop graded 0.05% Mo and 0.26 g/t Au (grab sample). Approximately 200 meters southeast of the Tornado showing, a grab sample from an angular paragneiss boulder with chalcopyrite-rich bands graded 3.13 g/t Au, 0.35% Cu and 6.66 g /t Ag . Much like the Tornado showing, this erratic boulder proved to be particularly gold-rich. No follow-up work has been conducted yet on the Tornado showing and the area has seen very little previous exploration. Results from the Tornado showing area were reported in a press release dated October 31, 2019. An induced polarization (“IP”) survey was planned last winter to cover the Tornado showing and its immediate vicinity, however the IP survey was cancelled due to the COVID-19 crisis.

In the west part of the Tilly South block, about 13 kilometers southwest of the Tornado showing, another copper-molybdenum mineralized system was uncovered in the summer of 2019. The following results were reported in a press release dated October 31, 2019. The Faramir showing is a new copper-molybdenum showing, where 4 grab samples yielded an average grade of 0.17% Cu, reaching 0.34% Cu, with locally anomalous molybdenum values (up to 0.02% Mo). The showing consists of disseminated chalcopyrite in strongly altered granite injected with quartz-chlorite-ankerite-epidote veining. The showing appears to be associated with a late brittle fault trending NW-SE, clearly outlined in regional aeromagnetic data. A total of 22 granitoid boulders with chalcopyrite mineralization were also discovered in the vicinity (Boromir boulder field). These boulders are strongly altered and injected with intense quartz-chlorite-epidote-ankerite veining. Grab samples yielded an average grade of 0.12% Cu, reaching 0.45% Cu (sample S410734). These boulders are very similar to the Faramir showing and are scattered over an area of approximately 1 kilometer by 500 meters. They are interpreted as being derived from the same fault zone as the Faramir showing. These new showings and boulders are considered as the external zone (propylitic alteration) of a magmatic-hydrothermal system.

Last winter, a pole-dipole IP survey (n=20), designed to test the deeper bedrock, was conducted to cover the fault hosting the Faramir showing, to identify chargeability IP anomalies that would indicate the strongly mineralized part of the Cu-Mo system. About 50% of the survey was completed before it had to be interrupted due to the COVID-19 crisis. The IP line located furthest to the southeast shows a deep chargeability anomaly along the fault zone, which may correspond to a more strongly mineralized part of the system. This anomaly will be drill-tested at a later date. The targeted fault zone will also be traced to the southeast during the summer prospecting campaign.

A gold-bearing boulder field located in the northeast part of the Mythril project will also be the focus of detailed prospecting work In 2019, three boulders respectively grading 2.84 g/t Au, 2.83 g/t Au, 0.59 g/t Au (grab samples) were discovered; these results were released on November 7, 2019. The gold-bearing boulders are characterized by low-grade copper (<0.15%< Cu) and molybdenum values (<0.01% Mo), and minor amounts of pyrite (up to 1%). < They represent the first occurrence of gold-dominated mineralization on Mythril . Follow-up work has yet to be conducted on these boulders. In the winter of 2020, a dipole-dipole IP survey was conducted in this area and revealed weak to moderate anomalies proximal to the gold-bearing boulders, which will be investigated during the prospecting campaign in August.

3D model for Mythril

A geological 3D model of mineralization in the main area of the Mythril project was built using Leapfrog over the last few months, to improve our understanding of the system and its controls. The mineralized envelope was modelled to determine where additional Cu-Au-Mo-Ag mineralization could be discovered. In addition, a study of relationships between geology, alteration and geophysical responses led to the identification of new drilling targets. Some of these drilling targets consist of untested zones where a favourable geological and geophysical setting has been identified, whereas others aim to test the potential extensions of high-grade mineralized zones.

Quality control

Exploration program design and interpretation of results are performed by qualified persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks with every 20 samples. Rock samples on the project are assayed for gold by standard 30-gram fire-assaying with inductively coupled plasma atomic emission spectroscopy (ICP-AES; Au-ICP21) or gravimetric finish (Au-GRA21) at ALS Minerals laboratories in Vancouver, British Columbia. All samples are also analyzed for multi-elements using the four-acid ICP–AES method (ME-ICP61), also at ALS Minerals laboratories in Vancouver, British Columbia. Samples that exceed 1% copper, zinc, molybdenum, or nickel are reanalyzed by four-acid ICP-AES optimized for high grades.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as Wallbridge Mining Company Ltd, Probe Metals Inc., BHP Billiton Canada Inc., Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM INC., Nunavik Mineral Exploration Fund, 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. P.Geo., VP Exploration for Midland 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 : 450 420-5977
Fax : 450 420-5978 : 450 420-5978
E-mail : info@midlandexploration.com
Website : https://www.midlandexploration.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.