Midland Announces the Discovery of Several New High-Grade Gold-Bearing Structures on Willbob

29 August 2017

Montreal, August 29th, 2017. Midland Exploration inc. (“Midland”) (TSX-V: MD) is pleased to announce the most recent results of its reconnaissance campaign on the Willbob project (wholly owned by Midland), with the discovery of several new gold showings and structures, in areas located far from known gold showings.

The “Alias” showing is located about 2 kilometers north-west of the Golden Tooth showing (up to 3.1 g/t Au / 1.7 meters in a 2016 DDH). Grab sampling of outcrops and subcropping boulders in a 100 meters x 25 meters area yielded several high gold values: 72.7 g/t Au, 48.6 g/t Au, 19.95 g/t Au, 2.72 g/t Au, 2.58 g/t Au, 2.28 g/t Au, 2.24 g/t Au, 1.86 g/t Au and 1.82 g/t Au. Overall, 16 grab samples out of 23 collected in the area yielded more than 0.1 g/t Au (note that grab samples are selective by nature and values reported may not be representative). A table of all samples with values over 0.1 g/t Au is shown at the end of this press release. Mineralization in the area consists in many decimeter-thick tension quartz veins, strongly mineralized in pyrite-chalcopyrite, crosscutting gabbros exhibiting strong ankerite alteration halos visible over several meters. The veins appear to define new north-south “brittle shear zones” that remain open to the north and south. It is the first significant example of this new mineralization style on the project.

The “Wayne” showing is located in a new, highly prospective area in the northeast portion of the project. A grab sample of diorite containing 5% disseminated pyrrhotite and with centimeter-thick quartz veins yielded 32.7 g/t Au. About 200 meters south-east, another grab sample yielded 2.49 g/t Au; it is a diorite with 5-10% disseminated pyrrhotite in the wallrock of a quartz tension vein; the vein itself yielded a low gold value of 0.03 g/t Au. More sampling was done subsequently around these high gold values; results are pending.

The “Kavi” showing is located more than 80 kilometers south of the previous two showings, on claims that were acquired during winter 2017. Two grab samples from this area yielded 6.63 g/t Au, 1.32% Pb, 12.3 g/t Ag, and 2.56 g/t Au, 4.96% Cu, 29.7 g/t Ag. The samples are a few meters apart and were collected from a brittle fault zone with quartz-calcite-chalcopyrite-galena veins cutting a gabbro. More samples will be collected from the structure in a later exploration phase. This new gold-bearing structure is located only a few hundred meters east of the Robelin regional fault; the Robelin fault appears to control the high-grade gold showings on Osisko Mining/Barrick’s Kan project, located about 30 kilometers north (up to 10.7 g/t Au over 5.0 metres in channels and 4.62 g/t Au over 8.0 meters in drillholes; Osisko Mining press release from January 10th, 2017). The discovery of this new, very promising showing in a completely unexplored portion of the Willbob project clearly outlines the strong regional gold potential of the project.

A high-density lake sediment survey was also completed on the whole project in July 2017. A total of 475 lake sediment samples were collected and will be analyzed for gold, base metals and various gold pathfinders. This new geochemical survey will provide a very efficient tool to target new areas favorable for gold and base metals on this vast project.

Midland also recently completed a fourteen (14) holes drilling campaign totalling 3 505 meters, that targeted several known gold showings on the Willbob project. The campaign targeted among others the Golden Tooth shear zone (3.1 g/t Au over 1.7 m and 3.81 g/t Au over 0.95 m in 2016), the Golden Tooth Nord showing (13.2 g/t Au, 8.9 g/t Au, 4.5 g/t Au, 3.3 g/t Au and 3.0 g/t Au in grab samples in 2016) and the Polar Bear showing (up to 6.4 g/t Au in a grab sample and 4.3 g/t Au over 0.5 m in a channel). Three short drillholes also tested the Stars Au-Cu massive sulfide showing (up to 4.34 g/t Au and 1.45% Cu in grab samples of pyritic massive sulfides). Results from the drilling campaign are pending at the laboratory.

Note that true thicknesses reported in drillholes from this press release cannot be determined with available information.

The discovery of these new gold showing on the Willbob project continue to demonstrate the strong gold potential of this very large and still relatively unexplored project. Additional prospection, mapping and channeling will be done on these new showings and on additional exploration targets during the coming weeks. Additional drilling could also be done when the results of the summer drilling campaign will be available. Other results from the first phase of reconnaissance and prospection will also be available in the coming weeks.

Figures showing the location and photos of the new discoveries can be consulted using the following link : Click here

Results from grab samples* >0.1 g/t Au, “Alias” Showing

SampleUTM_EUTM_NAu-AA23 g/t **Au-GRA21 g/t **Ag ppmCu ppmCu %
S4086624679466424057>1072.77.48430
S4083674679516424058>1048.66.56300
S4083764679916424080>1019.9512340
S40867146794264240092.721.8>100001.04
S40867246794364240071.6752.584.7>100001.325
S40866646794464240362.280.6193
S40866946794264240352.240.72250
S40867846793164239693.771.8617.6>100002.09
S40866446794764240551.82516.8>100004.57
S40867046794064240110.8482.61420
S40866846794364240350.372-0.5369
S40867746792964239710.368.8>100001.25
S40866546793964240450.357-0.5410
S40836646795564240940.3027.3>100001.33
S40866346794664240580.194-0.5826
S40867446792364240070.1290.82630
S40866746794364240350.1211.53330

*note that grab samples are selective by nature and values reported may not be representative of mineralized zones

**note that assays of gold by fire assay with atomic absorption finish (Au-AA23) yielded significantly different results from fire assays with gravimetric finish (Au-GRA21) from some samples. This is likely due to the presence of coarse gold in the samples, as all internal laboratories and Midland’s standards returned correctly reproducible gold values.

Quality control

Rock samples on the project are assayed by standard 30 gram fire-assaying with AA (Au-AA23) or gravimetric finish (Au-GRA21) at ALS Minerals laboratories in Val d’Or, Québec or Sudbury, Ontario. All samples are also analysed for multi-elements, using four-acid ICP–AES method. Exploration program design and interpretation of results is 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.

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 Altius Resources Inc., Agnico Eagle Mines Limited, Teck Resources Limited, IAMGOLD Corporation, Osisko Mining Inc., 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 has been prepared by Sylvain Trepanier, P.Geo., VP Exploration for James Bay and Northern Quebec at Midland, a “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
Web : 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.

Document

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.