MD.V · 2024-12-10 12:00:00

Midland and Probe GOLD Announce Mmi Soil Results ON the Copper- GOLD-Silver-Molybdenum Discovery, LA Peltrie Project

Exploration Programs Sampling & Geoscience Results

MIDLAND AND PROBE GOLD ANNOUNCE MMI SOIL RESULTS ON THE COPPER-

GOLD-SILVER-MOLYBDENUM DISCOVERY, LA PELTRIE PROJECT

Montreal, December 10, 2024. Midland Exploration I nc. (“Midland”) (TSX -V: MD), in joint

venture with Probe Gold Inc. (“Probe”), is pleased to announce the results of MMI sampling in the

vicinity of the large copper -gold-silver-molybdenum (“Cu-Au-Ag-Mo”) discovery made in 2022 on

the La Peltrie project. This significant mineralized system is located 15 kilometres southeast of Agnico

Eagle’s Zone 58N gold deposit and 25 kilometres west of the former Selbaie mine, which produced

56.9 Mt grading 0.87% Cu, 1.85% Zn, 39 g/t Ag, and 0.55 g/t Au (historical production).

The La Peltrie project is now in joint venture with Probe Gold Inc. (“Probe”) since September 2024.

Highlights:

• 8 values above 10,000 ppb Cu, reaching up to 31,100 ppb Cu.

• 96 values above 2,000 ppb Cu and 15 values above 100 ppb Mo.

• MMI Cu values identify the main Cu-Au-Mo-Ag zone and extend westward.

• Several additional subparallel anomalies to the north and northeast, proximal to the contact

between volcanic rocks and the Carheil intrusion.

• MMI Cu-Au-Ag-Mo anomalies show a very strong correlation with samples collected

during the prospecting campaign.

The MMI sampling grid , totalling 786 soil samples , covers the main Cu-Au-Ag-Mo discovery that

graded 0.20% CuEq* over 513.5 metres (see press release by Midland dated January 22, 2024), at a

spacing of 50 m and 100 m along sampling lines spaced 200 m to 400 m apart . The grid extends

northward to cover the southern contact of the Carheil intrusion. This soil sampling grid successful ly

identified the main Cu-Au-Ag-Mo zone and also extended the latter westward.

Anomalous MMI values to the north and northeast show a good correlation with existing Cu values in

isolated prospecting samples collected in 2020 and 2023. Several of these anomalous areas also

correlate with the best IP anomalies from the survey conducted last March and have yet to be drill -

tested.

SRK Consulting performed a structural analysis of the high-resolution aeromagnetic survey conducted

in 2020, and preliminary files were sent by SRK for review. To date, fault structures (1st, 2nd, 3rd, and

4th order) have been established from the data. The objective of this structural analysis of the project is

to improve the structural and geological understanding of the copper mineralized zone . The study

covers the copper discovery and extends northward, to cover the Carheil intrusion. A final report,

including the best areas of interest defined by SRK, is expected in late November.

The structural interpretation, MMI survey, drilling and IP survey will be used to identify highly

prospective areas associated with Cu-Au-Ag-Mo mineralization for an upcoming drilling program that

is currently in preparation.

Cautionary statements:

* Copper equivalent (“CuEq”) values were calculated using the following metal prices: Au

$1,500.00/oz, Cu $3.25/lb, Ag $15.00/oz, Mo $15.00/lb. CuEq values are used for exploration

purposes only and do not include estimations of metallurgical recovery.

The true thickness of drilling intervals reported in this press release cannot be determined with the

information currently available; intervals are thus reported in core length.

Mineralization occurring at the Zone 58N deposit and at the former Selbaie mine is not necessarily

indicative of mineralization that may be found on the La Peltrie project held by Midland/Probe

described in this press release.

About Probe

Probe is a Canadian gold exploration company focused on the acquisition, exploration, and

development of highly prospective gold properties. Probe is committed to discovering and developing

high-quality gold projects, including its key asset the multimillion -ounce Novador Gold Project,

Quebec. Probe is well funded and controls a strategic land package of approximately 1,500 square

kilometres of exploration ground within some of the most prolific gold belts in Quebec. The company

was formed as a result of the $526M sale of Probe Mines Limited to Goldcorp. Eldorado Gold

Corporation currently owns approximately 10% of the company.

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 Probe

Gold Inc., Barrick Gold Corporation, BHP Canada Inc., Rio Tinto Exploration Canada Inc.,

Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, SOQUEM Inc., Electric Element s

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.

This press release was prepared by Richard D St -Cyr, Exploration Director for Midland, certified

geologist 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

Fax: 450 420-5978

Email: [email protected]

Website: 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.

Abitibi Geology – La Peltrie Discovery Location

DETOUR LAKE

NELLIGAN

ZONE 58N

MARTINIERE

BUG LAKE

FENELON / TABASCO

CASA BERARDI DOUAY VEZZA

GEANT DORMANT

BELL OSBOURNE

LAC SHORTT

MOROY

LAC ROSE

WINDFALL

BARRY

Kenorland / Newmont Option

PERRON

WESTWOOD

LARONDE

CROINOR

CANADIAN MALARTIC

KIENA GOLDEX

LAMAQUE

HOLT / MCDERMOTT

Volcanics

Ignous rocks

Sediments

Midland Projects

Gold Mines, Projects

Sunday Lake Fault

Lower Detour Fault

Cadillac Fault

FAYOLLE

BEATTIE

Patris

Guyberry

Heva

Laflamme

Abcourt JV

Coigny

Turgeon

Mistaouac

La Peltrie

Probe Opt

Jouvex Noyelles

Lac Esther

Nomans

Lewis

Fleuribleu

Jeremie

Adam

Samson

ELDER

WASAMAC

GRANADA

HORNE 5

Chicobi Fault

M-Cadillac

Agnico Eagle JV

Gaudet-Fenelon

Probe JV

Cu-Au-Ag-Mo

Discovery

0.20% CuEq / 513.5m

New discoveries 21-22

Casault

Wallbridge Opt

Discovery

6.85 g/t Au / 2 m (ddh)

Discovery

up to 10.2 g/t Au (grab)

High-grade discovery

up to 28.7 g/t Au (Float)

up to 18.9 g/t Au (grab)

Discovery

up to 99.1 g/t Au / 0.4m (ddh)

DETOUR LAKE

Reserves 15 Moz Au

ZONE 58N

La Peltrie

Probe Opt

MARTINIERE

BUG LAKE

WALLBRIDGE

FENELON GOLD

Ind Res. 2.13 Moz Au

Inf. Res. 1.47 Moz Au

Sunday Lake Fault

Lower Detour Fault

Jeremie

Fleuribleu

Jouvex

Adam

Valmond

Vortex

DOUAY

Mistaouac

CASA BERARDI

Golden Delilah

Volcanics

Igneous rocks

Sediments

Midland Projects

Mines Au, Projects

Gaudet-Fenelon

Probe JV

Casault

Wallbridge Opt

Wallbridge Casault Option

▪ $ 5 M / 4 years

▪ $750,000 1st year

▪ Cash Payments $600,000

▪ Expenditures Sept.30 : $1.9 M

Probe La Peltrie Option

▪ $ 3.5 M / 4 years

▪ $500,000 1st year

▪ Cash Payments $400,000

▪ Expenditures at Sept.30 : $ 1.9 M

Midland/Probe JV Gaudet-Fenelon

▪ $1 M 1st year (50%-50%)

▪ Expenditures at Dec.31 : $ 1.7 M

Sunday Lake Fault

Midland Delilah Discovery

up to 99.1 g/t Au / 0.4m

Samson

Midland-Wallbridge

Discovery

up to 6.85 g/t Au / 2.0 m

Midland-Probe

Discovery Cu-Au-Ag-Mo

0.20% CuEq / 513.5 m

Property

available

Property available

Property

available

Property

availableProperty available

Property

available

Lower Detour Fault

Selbaie Mine

56.9 Mt à 0.87% Cu, 1.85% Zn,

39 g/t Ag, 0.55 g/t Au

Detour Trend – La Peltrie New Discovery Location

LAP-22-012 Cu-Discovery

0.3% Cu over 18.45m (84-102.45m)

0.3% Cu over 19m (108-127m)

0.5% Cu over 12m (137-149m)

0.35% Cu over 5m (155-160m)

0.27% Cu over 15.5m (188-203.5m)

0.42% Cu over 5.2m (210.5-215.7)

Grab Sample - PRB

Altered & Sheared Basalt

with Py/Cpy, 0.05% Cu

Cherty horizon with 20% Po,

0.07% Cu

MMI Sample

31,300 ppb Cu, 4 ppb Mo,

1.3 ppb Au, 50.5 ppb Ag

Grab Sample - PRB

Altered & Bx Basalt with QC

veinlets and 10% Py/Mo/Mc

0.25% & 0.4% Cu

Grab Sample - PRB

Altered Basalt, 20% Py/ Cpy

0.4% Cu

MMI Sample

15,300 ppb Cu, 65 ppb Mo,

0.1 ppb Au, 3 ppb Ag

MMI Sample

26,700 ppb Cu, 145 ppb Mo

0.3 ppb Au, 5.4 ppb Ag

CA95-01 (historic DDH)

0.12% Cu over 3.2m

0.13 g/t Au over 1.2.

Grab Sample - PRB

Rusty gossan outcrop of

siliceous basalt with

epidote alteration,

10% Py/Cpy/Mc/Mo

0.1% Cu and 0.14% Cu

MMI Sample

11,900 ppb Cu, 62 ppb Mo,

0.3 ppb Au, 10 ppb Ag

Cu Anomalies

Mo Anomalies

LAP-22-012 Cu-Discovery

0.3% Cu over 18.45m (84-102.45m)

0.3% Cu over 19m (108-127m)

0.5% Cu over 12m (137-149m)

0.35% Cu over 5m (155-160m)

0.27% Cu over 15.5m (188-203.5m)

0.42% Cu over 5.2m (210.5-215.7)

Grab Sample - PRB

Altered & Sheared Basalt

with Py/Cpy, 0.05% Cu

Cherty horizon with 20% Po,

0.07% Cu

MMI Sample

31,300 ppb Cu, 4 ppb Mo,

1.3 ppb Au, 50.5 ppb Ag

Grab Sample - PRB

Altered & Bx Basalt with QC

veinlets and 10% Py/Mo/Mc

0.25% & 0.4% Cu

Grab Sample - PRB

Altered Basalt, 20% Py/ Cpy

0.4% Cu

MMI Sample

15,300 ppb Cu, 65 ppb Mo,

0.1 ppb Au, 3 ppb Ag

MMI Sample

26,700 ppb Cu, 145 ppb Mo

0.3 ppb Au, 5.4 ppb Ag

CA95-01 (historic DDH)

0.12% Cu over 3.2m

0.13 g/t Au over 1.2.

Grab Sample - PRB

Rusty gossan outcrop of

siliceous basalt with

epidote alteration,

10% Py/Cpy/Mc/Mo

0.1% Cu and 0.14% Cu

MMI Sample

11,900 ppb Cu, 62 ppb Mo,

0.3 ppb Au, 10 ppb Ag

Ag Anomalies

LAP-22-012 Cu-Discovery

0.3% Cu over 18.45m (84-102.45m)

0.3% Cu over 19m (108-127m)

0.5% Cu over 12m (137-149m)

0.35% Cu over 5m (155-160m)

0.27% Cu over 15.5m (188-203.5m)

0.42% Cu over 5.2m (210.5-215.7)

Grab Sample - PRB

Altered & Sheared Basalt

with Py/Cpy, 0.05% Cu

Cherty horizon with 20% Po,

0.07% Cu

MMI Sample

31,300 ppb Cu, 4 ppb Mo,

1.3 ppb Au, 50.5 ppb Ag

Grab Sample - PRB

Altered & Bx Basalt with QC

veinlets and 10% Py/Mo/Mc

0.25% & 0.4% Cu

Grab Sample - PRB

Altered Basalt, 20% Py/ Cpy

0.4% Cu

MMI Sample

15,300 ppb Cu, 65 ppb Mo,

0.1 ppb Au, 3 ppb Ag

MMI Sample

26,700 ppb Cu, 145 ppb Mo

0.3 ppb Au, 5.4 ppb Ag

CA95-01 (historic DDH)

0.12% Cu over 3.2m

0.13 g/t Au over 1.2.

Grab Sample - PRB

Rusty gossan outcrop of

siliceous basalt with

epidote alteration,

10% Py/Cpy/Mc/Mo

0.1% Cu and 0.14% Cu

MMI Sample

11,900 ppb Cu, 62 ppb Mo,

0.3 ppb Au, 10 ppb Ag

Structural Interpretation – Mag and IP

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