Midland and Soquem Are Planning an Induced Polarization Survey ON the Malaco Mountain Copper-GOLD-Rare Earth Element Zone in the Labrador Trough

MIDLAND AND SOQUEM ARE PLANNING AN INDUCED POLARIZATION SURVEY ON

THE MALACO MOUNTAIN COPPER-GOLD-RARE EARTH ELEMENT ZONE IN THE

LABRADOR TROUGH

Montreal, April 1, 2026. Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with

SOQUEM Inc. (“SOQUEM”), is pleased to announce a follow-up campaign on the copper, gold, and

rare earth elements (REE) zone discovered in 2025 on the Malaco Mountain project (Labrador Trough,

Churchill Province, Qu ebec). An induced polarization (“IP”) survey totalling 15 -line kilometres is

planned in August 2026 and will be accompanied by a ground prospecting campaign.

Highlights:

• The 2025 exploration program led to the discovery of a mineralized outcrop grading up

to 31.60% Cu, 6.92 g/t Au, 32.4 g/t Ag, 1.77% REE (see press releases dated September 30,

2025 and November 4, 2025);

• A follow-up exploration campaign is planned with a 15-line km IP survey.

A pole-dipole survey totalling 15-line kilometres is planned to cover the mineralized outcrop discovered

in 2025, the sedimentary mudstone unit, and the fold axis. This geophysical program, accompanied by

a prospecting program, is designed to cover the east part of the property and generate exploration and

drilling targets based on geophysical, geological, and geochemical criteria.

In June 2025, during a reconnaissance campaign in the Labrador Trough, three samples collected from

an outcrop graded up to 31.60% Cu, 6.92 g/t Au, 0.57% REE (see press release dated September 30,

2025). Two transects of 10 and 13 metres in length were sampled at 1-metre intervals. Twenty-five (25)

grab samples were collected, eighteen (18) of which yielded grades above 0.1% Cu and ten (10) were

above 1% Cu , reaching up to 27.6% Cu (see press release dated November 4, 2025 ). Gold grades

between 61 and 877 ppb Au were obtained, as well as values locally reaching 32.4 g/t Ag and 1.77%

REE (La, Ce).

Mineralization occurs as stratiform horizons with chalcopyrite, pyrite, malachite, azurite, and digenite

disseminated parallel to bedding in a mudstone, as well as massive discordant veins associated with

fractures and breccia zones cross -cutting stratigraphy. The mineralization is associated with silica,

albite, and carbonate alteration. Petrophysical testing conducted on massive sulphide and disseminated

chalcopyrite samples revealed strong electrical contrasts, justifying the use of induced polarization.

Cautionary Statements

Grab samples are selective by nature and may not be representative of mineralized zones. Mineralization

occurring at deposits and showings mentioned in this press release is not necessarily indicative of

mineralization that may be found on projects held by Midland and mentioned in this press release.

About the Strategic Alliance with SOQUEM

The Strategic Alliance enables Midland and SOQUEM to combine their efforts and expertise to jointly

explore the excellent potential for gold and strategic minerals of the vast and underexplored Labrador

Trough. The area of interest defined under the Allian ce is located in Nunavik. Geologically, it covers

the Labrador Trough, the Rachel-Laporte Zone, and the Kuujjuaq Domain. The area of interest extends

from Schefferville in the south up to approximately 100 km northwest of Kangirsuk. Executed in

November 2021, the initial agreement called for investments in exploration reaching up to $ 4 million

over a period of four (4) years, in addition to investments on the Nachicapau project.

In 2026, the parties have confirmed the continuation of the Alliance with a joint annual exploration

budget of $1 million (50% Midland and 50% SOQUEM) on the Malaco Mountain and Nachicapau

projects.

About SOQUEM

SOQUEM, a mineral exploration company and subsidiary of Investissement Québec, is dedicated to

exploring, discovering and developing mineral resources in Quebec. SOQUEM also helps maintain

strong local economies. Proud partner and ambassador for the development of Quebec’s mineral wealth,

SOQUEM relies on innovation, research, and strategic minerals to guide its future actions.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world -class

deposits of gold and critical metals. Midland is proud to count on reputable partners such as SOQUEM

Inc., Rio Tinto Exploration Canada Inc., BHP Canada Inc., Centerra Gold Inc., Barrick Mining

Corporation, Agnico Eagle Mines Limited, Wallbridge Mining Company Ltd ., Fresnillo plc, Electric

Elements Mining Corp., 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.

Qualified Person and Exploration Director Richard D. St-Cyr, P.Geo., reviewed and approved this press

release and the Malaco Mountain project data as Midland’s Qualified Person (QP) within the meaning

of National Instrument 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: [email protected]

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 .

Forward-Looking Statements

This news release contains forward -looking statements and forward -looking information (together, “forward -

looking statements”) within the meaning of applicable securities laws. Forward -looking statements include

statements relating to the Corporation’s expectations regarding the conclusion of additional agreements in regard

to newly acquired properties, and other estimates and statements that describe Midland’s future plans, objectives

or goals, including words to the effect that Midland or management expects a stated condition or result to occur.

All statements, other than statements of historical facts, are forward -looking statements. Forward -looking

statements involve risks, uncertainties and other factors that could cause actual results, performance, pro spects

and opportunities to differ materially from those expressed or implied by such forward -looking statements.

Factors that could cause actual results to differ materially from these forward-looking statements include, without

limitation, changes in gen eral economic conditions and conditions in the financial markets, changes in demand

and prices for minerals, failure to obtain the requisite permits and approvals from government bodies and third

parties, regulatory and governmental policy changes (laws an d policies) and those risks set out in Midland’s

public documents, including in each management discussion and analysis, filed on SEDAR+ at

www.sedarplus.com. Although Midland believes that the assumptions and factors used in preparing the forward-

looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as

of the date of this news release, an d no assurance can be given that such events will occur in the disclosed

timeframes or at all. Except where required by applicable law, Midland disclaims any intention or obligation to

update or revise any forward -looking statement, whether as a result of new information, future events or

otherwise.

1

Labrador Trough Alliance

Malaco Mountain Project

1

Légende

Exclusive Exploration Rights

Geology

Rachel-Laporte

Labrador Through

Core Zone

Midland-SOQUEM

Midland 100%

Others companies

Fieldwork 2025

Historical Cu showings

Ungava Bay Labrador Sea

Projection System :

Universal Transverse Mercator NAD83 Zone 19

(Grid Longitude/Latitude)

Waskaikinis

(Fort Mackenzie)

Exploration Restrictions

Exploration prohibited

Specific agreement for

conservation

(exploration allowed)

Category II Land

AOI Midland-SOQUEM

AOI Midland-BHP

AOI NMEF

Figure 1a

Malaco Mountain

Project

Malaco Mountain Project :

2025 Cu-Au-REE Discovery

Voisey’s Bay

Figure 1b

Midland – SOQUEM

Discoveries

Superior Province

Domaine de

Burwell

Superior Province

Castignon Fault

2

2025 Best Results Location on

Malaco Mountain Project

2

Legend

2025 Rocks samples

Mineralization

Travaux 2025

2025 Cu-Au-REE

Discovery

Tag number :

Cu % / Au ppm / REE %

Geology

Location of 2025

samples best results

Gabbro, olivine gabbro

Massive to semi-

massie chalcopyrite-

pyrite vein

Patchy and disseminated

chalcopyrite

Malachite-azurite stain

1 km

Carbonated mudstone

/ Cherty mudstone

Overburden

Malaco Mountain

Project

Villot

Lake

> 1,00% Cu

0,10 - 1,00% Cu

0,05 - 0,10% Cu

NAD 83 UTM Zone 19

C1455754 : 27.60% Cu 877 ppb Au, 0.07% REE,

3,450 ppm Co, 32.40 g/t Ag

Massives sulfides horizon, subparallel to the bedding, 80%

of massive chalcopyrite, 5% fine pyrite, 10% of malachite.

(see November 4th, 2025, Press Release)

Figure 2

(Figure modified from November 4th, 2025, Press Release)

3

2025 Rock Samples Collected on

Malaco Mountain Project

3

C1455755 : 2.53% Cu, 136 ppb Au, 0.87%

REE, 168 ppm Co, 3.10 g/t Ag

Grey mudstone with calcite veins, 5%

chalcopyrite, 2% malachite, pervasive carbonate

alteration

C1455757 : 4.59% Cu, 61 ppb Au, 0.58%

REE, 125 ppm Co, 2.60 g/t Ag

Grey mudstone with pervasive silica and

carbonates alteration, 1-2% disseminated

chalcopyrite and 5% of malachite

C1455761 : 6.12% Cu, 280 ppb Au,

1.77% REE, 675 ppm Co, 6.80 g/t Ag

Sheared calcite vein, 10% chalcopyrite, 2%

malachite

(Results from November 4th, 2025 Press Release)

4

4

2025 Cu-Au-REE

Discovery

Legend

Fieldwork

2025 Rocks Samples

results Cu%

Système de projection:

Universal Transverse Mercator NAD83 Zone 19

Induced Polarization Survey

Summer 2026

Figure 3a

Geology

Aphyric gabbro,

olivine gabbro

WAKUACH SUITE

CHAKONIPAU FORMATION

Arkosic sandstone,

polygenic

conglomerate, siltstone

and mudstone

Magnetic map:

RMI RTP 1st vd

(nt/m)

Figure 3b

NAD 83 UTM Zone 19

31.6% Cu, 6.92 g/t Au, 1.77% REE,

0.2 % Co, 37,3 g/t Ag

31.6% Cu, 6.92 g/t Au, 1.77% ETR,

0.2 % Co, 37.3 g/t Ag

(Results from November 4th,

2025 Press Release)

Villot Lake Villot Lake