Midland Provides an Overview of Its Exploration Activities for 2022

10 February 2022

Montreal, February 10, 2022. Midland Exploration Inc. (” Midland “) ( TSX-V: MD ) is pleased to provide an overview of its plans for 2022 in Quebec, and to review the main highlights and discoveries of 2021. Midland continues to apply its business model as a “ Project Generator ” with the recent acquisition of several new high-quality properties and the formation of several new partnerships across Quebec.

With a budget planned for 2022 of nearly $8M and nearly 20,000 meters of drilling Midland will be very busy, working to advance several projects in partnership with major companies such as BHP Canada Inc. (“ BHP ”), Rio Tinto Exploration Canada Inc (“ Rio Tinto ”), SOQUEM Inc. (“ SOQUEM ”), Probe Metals Inc. (“ Probe ”) and Wallbridge Mining Company Ltd (“ Wallbridge ”). High-priority areas for 2022 are in Nunavik, Abitibi, James Bay, and the Grenville (near the town of La Tuque).

For calendar year 2022, Midland expects to generate a steady stream of news from its various partnerships and key projects, namely:

  • Alliance Nunavik BHP (Ni-Cu) ; Midland is project operator under the Nunavik Alliance with BHP and will adopt a focused approach in 2022 in an effort to quickly generate a world-class Ni-Cu discovery. Fieldwork including regional geophysical VTEM surveys conducted in 2020 and 2021, confirms the potential for the discovery of an important world-class Ni-Cu deposit. Geophysical work, consisting in a regional magnetotelluric (MT), will resume in the second quarter of 2022 and will be followed in the third quarter of 2022 by a third field program involving prospecting work and mapping campaigns.
  • Tête-Nord Option with Rio Tinto (Ni-Cu) ; Near the end of 2021, Midland concluded an option agreement with Rio Tinto for the Tête-Nord Ni-Cu project located in the Grenville geological Province, near the town of La Tuque in Haute Mauricie(see press release by Midland: Midland options its Tete Nord Ni-Cu property to Rio Tinto, dated December 2, 2021). ). An initial $900,000 budget will be invested by Rio Tinto in the first few months of 2022 to conduct helicopter-borne electromagnetic surveys, followed in the summer of 2022 by prospecting and mapping. The surveys will total more than 6,700 line kilometres and will provide full coverage of the claims under option with flight lines at a 100-metre spacing. Rio Tinto is project operator.
  • Labrador Trough Alliance with SOQUEM ; Midland and SOQUEM will jointly conduct their second prospecting campaign under the Labrador Trough Alliance Several new targets will be prospected, including some follow-up work on an erratic boulder discovered in the late summer of 2021, which graded 40.8 g/t Au in grab sample.
  • Casault Option with Wallbridge (Au) in the Detour Belt ; Wallbridge is currently finalizing plans for the 2022 exploration campaign, to follow-up on the new gold discovery reported in 2021, which graded 6.85 g/t Au over 2.0 metres. In addition, a magnetic drone survey is planned for the eastern blocks of the property to provide high resolution magnetic data to inform geologic modelling and drive exploration targeting.
  • Partnership with Probe (Au) in the Detour Belt On the La Peltrie option, located south of the Lower Detour Fault, approximately 25 kilometres east of the Z58N deposit, Probe is planning to complete several geophysical (IP) grids during the winter of 2022, in preparation for a drilling campaign totalling approximately 5,000 metres, planned for the summer of 2022. Also, geophysical and biogeochemical surveys will be completed during the winter of 2022 in the eastern part of the Gaudet-Fenelon JV project, located approximately 5 kilometres south of the Fenelon Gold deposit.

In addition, Midland expects to advance several of its wholly owned projects in Quebec over the coming months. Midland is namely planning to conduct high-resolution helicopter-borne magnetic surveys and geochemistry surveys on several of its projects including Lewis, Noyelles, Fleuribleu and Samson. Prospecting campaigns will also take place on a number of projects in the James Bay region, including Mythril, Chisaayuu, Galinée and Komo.

2021 Calendar Year Highlights:

Over the course of 2021, Midland and its partners completed more than 14,000 metres of drilling and discovered several new mineral occurrences and mineralized boulders on its various projects.

Among the highlights of 2021, Midland reported the following:

  • Under the Nunavik Alliance with BHP for Ni-Cu, an important regional VTEM-type electromagnetic survey was completed in 2021. The two prospecting campaigns conducted to date, in 2020 and 2021, led to the discovery of several new Ni-Cu showings, including the Bonne Une showing. Nickel and copper tenors (grades normalized to 100% sulphides) at the Bonne Une showing reach 6.1% Ni and 4.87% Cu , thus confirming the excellent potential of this surface occurrence see the press release from Midland dated April 15, 2021 ).
  • In November 2021, Midland signed a new option agreement with Rio Tinto for the Tête-Nord Ni-Cu project located in the Grenville geological Province, near the town of La Tuque. Nickel tenors (grades normalized to 100% sulphides) for historical samples collected at the Savane showing reach 3.5% Ni ( see Midland’s press release: Midland options its Ni-Cu Tête Nord property to Rio Tinto, dated December 2, 2021 ).
  • In partnership with Wallbridge on the Casault option, located along the Sunday Lake Fault approximately 40 kilometres east of the Detour Lake mine, a new gold-bearing structure was intersected in drill hole, with an interval grading 6.85 g/t At over 2.0 meters . The Casault project is wholly owned by Midland and is currently under option by Wallbridge ( see Midland’s press release dated October 21, 2021 ).
  • A gold-bearing boulder (Rubeo) grading 40.8 g/t Au (grab sample) was discovered by prospecting during the summer of 2021, in partnership with SOQUEM under the Labrador Trough Alliance ( see Midland press release dated December 16, 2021 ).
  • The 3D model on the Mythril project is currently being updated to include drilling results from 2021. These include drill hole MYT-21-38, which intersected a mineralized zone from 56.50 to 85.00 metres, grading 0.59% Cu, 0.05 g/t Au, 1.87 g/t Ag and 0.025% Mo over 28.50 meters , including 1.02% Cu, 0.09 g/t Au, 2.62 g/t Ag and 0.048% Mo (1.29% eq. Cu) over 10.50 meters from 56.50 to 67.00 meters ((see press release by Midland dated September 2, 2021).
  • During prospecting work on the Chisaayuu claim block of the Mythril Regional project, two new high-grade gold-bearing boulders were discovered, yielding values in grab samples of 10.25 g/t Au, 8.0 g/t Ag and 7.99 g/t Au, 166 g/t Ag, 0.4% Cu, 0.07% Mo(see press release by Midland dated October 27, 2021).

Cautionary statement

  • Grab samples are selective by nature and reported values are not necessarily indicative of mineralized zones.
  • The true thickness of reported intervals cannot be determined with the information currently available; intervals are thus reported in core length.

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 BHP Canada Inc., Rio Tinto Exploration Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp., 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 Corporation 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.