Midland and Soquem discover a large Syenite-Associated gold system (Vortex Zone) east of Detour Lake

11 August 2022

Montreal, January 17, 2018. Midland Exploration Inc. (” Midland “) (TSX-V: MD) is pleased to announce the discovery of a significant gold system during its recent drilling campaign completed in the fall of 2017 on the Casault gold project, in a 50/50 joint venture with SOQUEM INC. (” SOQUEM “). The Casault property consists of 315 claims (173 square kilometres) and covers the Sunday Lake Fault over more than 20 kilometers, approximately 40 kilometers east of the Detour Lake mine. This open pit mine contains mineral reserves of 14.1 million ounces of gold (“Moz Au”) consisting of proven reserves of 87.7 million tonnes grading 1.27 g/t Au for 3.58 million Moz Au and probable reserves of 353.8 million tonnes grading 0.92 g/t Au for 10.49 Moz Au.

Vortex Zone Highlights

During the months of September and October 2017, a diamond drilling program consisting of five (5) holes spaced a minimum of 100 meters apart and totaling 1,638.0 meters was completed on the Casault property. During this campaign, an important gold system comprising four (4) new parallel zones named Vortex 475, 450, 435 and 425 was identified. The envelope containing these mineralized zones forms a corridor approximately 50 meters wide.

The largest zone identified to date on Vortex, the 450 Zone, was intersected at shallow depths vertically (75 to 250 metres) in all holes of this program and over a minimum strike length of 500 metres. This zone, oriented east-west with a strong dip to the north, remains completely open in all directions.

Vortex 450 Zone (Best results)

  • 1.38 g/t Au over 26.5 m incl. 7.87 g/t Au over 2.2 m incl. 14.55 g/t Au over 0.8 m (CAS-17-96)
  • 1.30 g/t Au over 23.5 m incl. 3.46 g/t Au over 6.0 m incl. 23.6 g/t Au over 0.5 m (CAS-17-95)
  • 2.10 g/t Au over 6.7 m incl. 6.82 g/t Au over 0.4 m and 5.58 g/t Au over 0.4 m (CAS-17-93)
  • 1.91 g/t Au over 7.2 m incl. 5.18 g/t Au over 1.4 m (CAS-17-94)

The 435 Zone, located approximately 15 metres south of the 450 Zone, was intersected mainly to the west in holes CAS-17-93 and CAS-17-94. This area remains completely open to the west and in depth.

Vortex Zone 435 (Best results)

  • 3.50 g/t Au over 2.8 m incl. 5.0 g/t Au over 0.95 m (CAS-17-93)

In addition to the 450 and 435 zones, two other gold anomalous zones (475 and 425) were intersected in a few holes, respectively about 25 meters north of the 450 zone and about 10 meters south of the 435 zone. Hole CAS-17-96 intersected 18.7 g/t Au over 0.50 metres on Zone 475.

This drilling campaign completed in the fall of 2017, targeted the lateral extensions of the new gold zone that had been identified in hole CAS-17-86 on section 628 100E in the vicinity of the Sunday Lake Fault(see Midland’s press release of September 21, 2017). This hole intersected a gold zone grading 3.1 g/t Au over 1.40 meters (180.50 to 181.90 m), including an interval of 3.94 g/t Au over 0.90 meters (181.00 to 181.90 m). This zone was included within a large gold anomalous zone strongly altered in hematite, carbonates and albite that had returned 0.56 g/t Au over 16.0 meters between 180.50 and 196.50 meters.

Table 1: Best results from CAS-17-92 to CAS-17-96

Note: True thicknesses cannot be determined with the information available to date, so intervals are reported in core length.

The Vortex gold zone is characterized by alkaline intrusions of monzonitic composition accompanied by alteration dominated by hematite, magnetite, carbonates, albite and disseminated pyrite mineralization. These alkaline intrusions are often found at the contacts and within a sequence of highly deformed fragmental rocks near the regional Sunday Lake fault. The high-grade Lower Detour gold deposit (58N Zone), which is located approximately 40 kilometers west of Vortex, is also known to be associated with alkaline intrusions. This type of gold mineralization is known as “syenite-associated disseminated gold” (Robert, 2001). Several very important gold deposits in the southern Abitibi belong to this same type of deposit, including Canadian Malartic, Young-Davidson and Holt-McDermott (Robert, 2001).

Midland and SOQUEM are extremely encouraged by these new results obtained in the Vortex zone. A drilling program consisting of ten (10) holes totalling more than 3,500 metres has been approved to test the lateral extensions to a depth of between 150 and 250 metres. This drilling program will begin in February 2018.

Figures showing the location of the Casault property and the new Vortex gold zone can be viewed using the following link: Click here.

Quality Control

All analyses were performed by ALS Minerals of Val-d’Or, Quebec. All samples were analyzed for gold by fire assay with an atomic absorption (AA) finish on a 30-gram fraction with a gravimetric finish reanalysis for values above 3.0 g/t Au. For quality control purposes, certified standards and blanks were inserted into each shipment at regular intervals throughout the sample run. The data was reviewed by Mario Masson, P.Geo. and Vice President for Midland and a Qualified Person as defined by NI 43-101.

About SOQUEM

SOQUEM, a subsidiary of Ressources Québec, is a major player in mining exploration in Québec. SOQUEM’s mission is to promote the exploration, discovery and development of mining properties in Quebec. It has been involved in over 350 exploration projects and has made significant discoveries of gold, diamonds, lithium and several other minerals.

About Midland

Midland is counting on Quebec’s excellent mineral potential to make the discovery of new deposits of world-class gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as SOQUEM INC, Agnico Eagle Mines Ltd, IAMGOLD Corporation, Osisko Mines Inc, Altius Minerals Corporation, NioBay Metals Inc. and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude agreements in this regard with respect to its newly acquired properties. Management is currently evaluating other opportunities and projects to enhance the Company’s portfolio and create added value for shareholders.

This press release was prepared by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101, who also approved the technical content of this press release. 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 : 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 contains certain forward-looking statements that involve risk and uncertainty, and no assurance can be given that such statements will prove to be accurate. 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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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.