Midland and Soquem Announce the Discovery of a New Copper-GOLD-REE Zone up to 31.60% Cu and 6.92 G/T Au IN the Labrador Trough
MIDLAND AND SOQUEM ANNOUNCE THE DISCOVERY
OF A NEW COPPER-GOLD-REE ZONE UP TO 31.60% CU AND 6.92 G/T AU IN THE
LABRADOR TROUGH
Montréal, September 30, 2025. Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership
with SOQUEM Inc. (“SOQUEM”), is pleased to announce the discovery of a new mineralized zone
with copper, gold, and rare earth elements (REE) in the Labrador Trough. For many years, a
reconnaissance program conducted under the Strategic Alliance (the “Alliance”) in Nunavik, Quebec,
has focused , within the area of interest, on the central part of the Labrador Trough , identified as
prospective for the discovery of economic copper mineralization.
Highlights:
• Discovery of a new copper -gold-REE showing: 3 grab samples collected on outcrop
graded (1) 31.60% Cu, 6.92 g/t Au, 0.16% REE; (2) 12.30% Cu, 0.36 g/t Au, 0.57% REE,
and (3) 0.65% Cu, 0.05 g/t Au, 0.39% REE;
• Other commodities such as cobalt (up to 0.20% Co) and silver (up to 37.30 g/t Ag) are also
associated with these samples;
• Acquisition by map designation of 36 exclusive exploration rights (EER) covering an area
of 17.4 km2;
• Results from a f ollow-up conducted during an exploration campaign in September are
pending.
A half-day geological reconnaissance campaign was conducted in June 2025 in an unexplored area of
the Labrador Trough. The results of the three selected samples taken from the outcrop are presented in
the table below.
Table: Samples results taken from an outcrop at the Malaco Mountain project
Sample_
Number
UTM_E
(m)
UTM_N
(m)
Cu
(%)
Au
(g/t)
ETR
(%)
Ag
(g/t)
Co
(%)
C1456708 565749.23 6200925.39 31.60 6.92 0.16 37.30 0.20
C1456710 565748.77 6200923.47 12.30 0.36 0.57 6.6 0.02
C1456709 565749.49 6200924.23 0.65 0.05 0.39 1.2 0.008
* Coordinates System UTM NAD83 Zone 19
The chalcopyrite and malachite mineralization , hosted in locally cherty siltstones and mudstones , is
observed as disseminations parallel to bedding and spatially associated with fractures, breccias and
shearing. Veining with massive pyrite, chalcopyrite, malachite, azurite and digenite is also observed.
The extent of this mineralization is currently unknown. This is the first occurrence in the Labrador
Trough combining Cu-Au-REE-Co-Ag at grades above thresholds established by the Ministère des
Ressources Naturelles du Québec (“MRNQ”). One day of follow -up work took place in September
2025 to assess the economic potential of this discovery. Surface work including rock sampling was
conducted and results are pending.
Under the regional exploration program within the Alliance’s area of interest, this target was generated
following compilation work highlighting the presence of shallow historical drilling conducted in 1962
which identified significant amounts of chalcopyrite (GM13648 ; MRNQ ). No assay results are
available for these drill holes but the latter indicate that mineralization extends at depth.
This discovery led to the acquisition of a block of 36 EER cover ing an area of 17.4 km2, which
represents a new area of interest named Malaco Mountain under the Alliance. This area, located
approximately 70 kilometres south of the Nachicapau project, enhances the potential for copper, gold
and REE in the central part of the Labrador Trough.
Quality Control
Rock samples from the project are analyzed at Actlabs laboratories in Ancaster, Ontario, by ICP -MS
with four -acid digestion for metals and by standard fire assay on 50 -gram fractions with atomic
absorption finish for gold. Exploration programs are designed, and results are interpreted by Qualified
Persons employing a Quality Assurance/Quality Control program consistent with industry best
practices, including the use of standards and blanks for every 20 samples.
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. This agreement
calls for investments in exploration reaching up to $5 million over a period of four (4) years, with a
firm commitment of $2 million within the first two (2) years of the agreement. In March 2023, a joint
venture agreement between Midland and SOQUEM was executed to define the terms governing
exploration and development work on the mining claims forming the Nachicapau property. In 2025, the
Alliance continued its exploration work in the Labrador Trough and on the Nachicapau project with a
joint annual budget of $1 million (50% Midland and 50% SOQUEM).
About SOQUEM
SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery
and development of mining properties in Quebec. SOQUEM also contributes to maintaining a strong
economy in Quebec’s regions. A proud partner and ambassador for the development of Quebec’s
mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well positioned
for the future.
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., BHP Canada Inc., Rio Tinto Exploration Canada Inc. , Centerra Gold Inc., Agnico Eagle Mines
Limited, Wallbridge Mining Company Ltd, Probe Gold Inc., Electric Elements Mining Corp., Nunavik
Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends
to quickly conclud e 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 .
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 Midlan d’s periodic reports including the annual report or in the filings made by
Midland from time to time with securities regulatory authorities.
1
Labrador Trough Alliance
Malaco Mountain Project
1
Dunphy South Project
Ungava Bay Labrador Sea
Waskaikinis
(Fort Mackenzie)
Figure 1bFigure 1a
Nachicapau project
Malaco
Mountain
Project
Malaco Mountain Project :
2025 Cu-Au-ETR discovery
Legend
Claims
Geology
Rachel-Laporte
Labrador Trough
Core Zone
Midland-SOQUEM
Midland 100%
Other cies
AOI Midland-SOQUEM
AOI Midland-BHP
2025 Fieldwork
Historical Cu showings
Projection System:
Universal Transverse Mercator NAD83 Zone 19
(Grid Longitude/Latitude)
Exploration restrictions
Exploration prohibited
Specific agreement for
conservation
(exploration allowed)
Category II Land
AOI NMEF
2
Rock Samples Collected on the Malaco
Mountain Project (June 2025)
#C1456708 : 31.60 % Cu, 6.92 g/t Au,
0.16 % ETR, 0.20 % Co, 37.30 g/t Ag
Chalcopyrite, malachite, azurite massive
horizon
#C1456709 : 0.39 % ETR, 0.65 % Cu,
0.05 g/t Au, 0.008 % Co, 1.20 g/t Ag
Mineralized siltstone with 3%
chalcopyrite and highly carbonated
#C1456710 : 12.30 % Cu, 0.36 g/t Au,
0.57 % ETR, 0.02 % Co, 6.60 g/t Ag
Calcite and malachite vein
Mineralized outcrop of alternating siltstones
and mudstones in decimeter-thick bands
2
3
3
#C1455753 : Mineralized veins or breccia
containing massive chalcopyrite and pyrite
Pending results
#C1455751 : Cherty mudstone, mineralized
with malachite (2 %) in halo and in the joints
of the bedding. Pending results.
#C1455761 : Calcite vein in a shear zone,
10 % chalcopyrite, 2 % malachite.
Pending results.
Rock Samples Collected on the Malaco
Mountain Project (September 2025)