MD.V · 2025-12-04 12:00:00

Midland and Soquem Discover New Copper, GOLD and Silver Showings Grading up to 13.70%CU, 4.38 G/T Au and 65.40 G/T AG ON Nachicapau

Drill Results

MIDLAND AND SOQUEM DISCOVER NEW COPPER, GOLD AND SILVER SHOWINGS

GRADING UP TO 13.70%CU, 4.38 G/T AU AND 65.40 G/T AG ON NACHICAPAU

Montreal, Decembre 4, 2025. Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership

with SOQUEM Inc. (“SOQUEM”), is pleased to announce the results of the 2025 exploration

campaign on the Nachicapau project . This exploration program follows the discovery, between 2022

and 2024, of a major hydrothermal system with high-grade copper, gold and silver , characterized by

strong structural control, over several kilometres. These new results are reported under the Strategic

Alliance between Midland and SOQUEM (the “Alliance”) in the Labrador Trough in Nunavik, Quebec.

Highlights:

• Discovery of 6 new copper, gold and silver showings grading up to 13.70% Cu, 4.83 g/t Au,

and 65.4 g/t Ag (#C2130416);

• Four showings with grades >1.00 g/t Au in veins with digenite, bornite and malachite

mineralization spread over 2.7 km, near the contact between mafic rocks and dolomites and

a known deformation zone.

• One showing grading 4.66% Cu, 0 .20 g/t Au and 13.8 g/t Ag (#C2130608) associated with

disseminated chalcopyrite mineralization in an area characterized by a strong copper

anomaly in B-horizon geochemistry and the presence of several mineralized boulders.

• Completion of an OreVision® induced polarization survey totalling 20.45 km and covering

several of the mineral occurrences discovered between 2022 and 2024, highlighting several

anomalies.

The 2025 sampling campaign was conducted over 9 days in September, and a total of 213 rock samples

were collected. Assay results reveal that 23 grab samples show grades >0.10% Cu, including 11 samples

>1.00% Cu, reaching up to 13.70% Cu. Significant gold grades >0.1 g/t Au, reaching up to 4.83 g/t Au,

were also identified in these samples, as well as silver grades up to 65 .40 g/t Ag. As a result of this

work, six new copper, gold and silver mineralized showings were identified on outcrop.

Best results obtained in grab samples are listed in the table below.

Sample

Number

UTM_E

(m)

UTM_N

(m) Type Cu

(%)

(g/t)

C2130416 560003.98 6275584.91 Outcrop 13.70 4.38 65.40

C2130563 560896.59 6274406.98 Outcrop 13.50 1.01 7.40

C2130509 559375.67 6276563.23 Outcrop 9.97 2.4 61.40

C2130466 559474.88 6276450.37 Boulder 5.71 1.51 52.50

C2130414 559933.53 6275705.25 Outcrop 4.86 1.83 28.60

C2130608 558249.26 6276074.06 Outcrop 4.66 0.2 13.80

C2130467 559473.26 6276449.79 Boulder 3.52 0.73 30.30

C2130471 560895.11 6274411.72 Outcrop 3.27 0.05 11.30

C2130508 559359.10 6276585.28 Outcrop 2.64 0.02 16.60

C2130465 559440.68 6276526.33 Outcrop 1.48 0.2 6.90

C2130457 559062.66 6276514.70 Outcrop 1.46 0.14 9.20

Sample

Number

UTM_E

(m)

UTM_N

(m) Type Cu

(%)

(g/t)

C2130468 559590.96 6276269.81 Outcrop 0.95 0.08 8.00

C2130614 559960.75 6275438.87 Outcrop 0.39 0.04 4.00

C2130410 558225.98 6276037.34 Boulder 0.33 0.05 1.70

C2130626 562726.05 6271931.50 Outcrop 0.33 <0.01 4.80

C2130511 559647.65 6276222.74 Outcrop 0.22 0.05 2.60

C2130473 560975.02 6274235.13 Outcrop 0.20 0.02 0.30

C2130472 560895.45 6274409.50 Outcrop 0.20 0.13 0.90

C2130556 558259.47 6276028.80 Outcrop 0.15 0.01 1.80

C2130507 559240.79 6276321.81 Boulder 0.15 0.02 <0.30

C2130484 536977.88 6304315.94 Boulder 0.13 0.01 0.50

C2130429 563823.99 6270236.01 Outcrop 0.11 0.01 1.10

C2130557 558570.32 6276138.75 Outcrop 0.01 0.56 0.60

Vein-Hosted Digenite, Bornite and Malachite Mineralization

Among the new mineralized showings, 5 are associated with calcite -quartz-chlorite-amphibole-

specularite veins hosting variable proportions of digenite, bornite and malachite. These veins vary in

concentration from one area to the next and are injected into strongly altered mafic rocks of the Murdoch

Formation. Four of these showings are characterized by gold contents above 1.00 g/t Au, i.e., greater

than in similar veins discovered in previous years in other parts of the project. These gold-bearing veins

are all located near the contact between mafic rocks and dolomites, as well as a deformation zone

identified based on geochemical and geophysical data acquired since 2023. Their spatial distribution

over nearly 2.7 km along this interface indicates a favourable metallotect and highlights the potential

of this area for future exploration work

Disseminated Chalcopyrite Mineralization

The sixth showing, located approximately 1 to 1.5 km west of the showings described above, is marked

by the presence of finely disseminated chalcopyrite mineralization in ultramafic rocks and graded

4.66% Cu, 0 .20 g/t Au and 13.8 g/t Ag ( #C2130608). A strong copper -in-soil anomaly and several

mineralized boulders were also identified in this area since 2023, enhancing the potential of this area.

OreVision® Induced Polarization Survey

An OreVision® induced polarization survey was conducted in July 2025 along 13 lines totalling

20.45 km. This survey covered several of the mineral occurrences discovered on surface between 2022

and 2024 and revealed the presence of several anomalies. The relevance of these anomalies lies in their

intensity, size, geological and structural setting, as well as the time constant values determined by

spectral processing. These anomalies are currently undergoing in -depth analysis to determine the best

drill-testing strategy for upcoming phases of exploration.

This fieldwork carried out in 2025, continues to expand the surface footprint of this copper-gold-silver

hydrothermal system. These results follow in the wake of a series of discoveries made between 2022

and 2024 that position the area as a prime exploration target in 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 the project 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 Nachicapau 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.

Labrador Trough Alliance

Nachicapau Project

Dunphy South project

Baie d’Ungava Mer du Labrador

Waskaikinis

(Fort Mackenzie)

Figure 1bFigure 1a

Nachicapau project

2022-2025 Cu-Au

discoveries

Nachicapau

project

Malaco Mountain project

Legend

Exclusive Exploration Rights

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

2025 Best Results on the Nachicapau Project

Historical area of boulders

with high zinc content up to

17.50% Zn (#43390439)

4.66% Cu, 0.20 g/t Au,

13.80 g/t Ag, 667 ppm Co

(#C2130608) Ultramafic

rock with chalcopyrite

9.97% Cu, 2.40 g/t Au,

61.40 g/t Ag (#C2130509)

bornite-digenite vein

4.86% Cu, 1.83 g/t Au,

28.60 g/t Ag (#C2130414)

Digenite vein

13.70% Cu, 4.83 g/t Au,

65.40 g/t Ag (#C2130416)

Digenite vein

13.50% Cu, 1.01 g/t Au,

7.40 g/t Ag (#C2130563)

Digenite vein

5.71% Cu, 1.51 g/t Au,

52.50 g/t Ag (#C2130466)

Boulder of bornite-

digenite-chalcopyrite vein

1.46% Cu, 0.14 g/t Au,

9.20 g/t Ag (#C2130457)

Malachite-bornite-

specularite stockwork

Geochemical anomaly in

horizon B Cu>148ppm

Legend

< 300

Field work

Boulder

300 – 1,000

1,000 – 5,000

> 10,000

5,000 – 10,000

2025 rock samples : Cu ppm

2025 Results

2012 Virginia Drillholes

Geology

Nachicapau

Lake

Figure 2

15.40 % Cu, 1.51 g/t Au, 84.70 g/t Ag

23.90 % Cu, 1.40 g/t Au, 238 g/t Ag

5.98 % Cu, 0.08 g/t Au, 22.00 g/t Ag

2022 Discovery Mineralized

Cu-Au Horizons

1.49 % Cu, 0.5 g/t Au,

11.41 g/t Ag sur 4.0 meters

25.60 % Cu, 4.90 g/t Au,

162.0 g/t Ag (selected grab) 2018

2022

2023

2024

Cu-Au showings

Grey, stromatolithic, laminated dolomite

Soil Geochemical anomaly Cu>148 ppm (2023)

4.94 % Cu, 0.20 g/t Au, 32.20 g/t Ag

34.10 % Cu, 0.13 g/t Au, 203 g/t Ag

Major deformation zone

Historical fieldwork

Exclusive Exploration Rights and restrictions

Specific agreement for conservation

(exploration allowed)

Midland-SOQUEM EER

Ultramafic to mafic pyroclastic rock, magnetic

basalt and chloritic schist

Magnetite bearing dolomite

interbedded with chert

WAKUACH GROUP

Aphyric gabbro, olivine gabbro, quartz

gabbro, locally pegmatitic

MURDOCH FORMATION

Basalte, massive and pillowed

Grey mudstone and siltite

Greywacke interbedded with conglomerate,

turbidite

Magnetite bearing dolomite

BACCUS FORMATION

DENAULT FORMATION

Projection System :

Universal Transverse Mercator NAD83 Zone 19

Location of the 2025 Orevision® Induced

Polarization Survey on Nachicapau Project

Legend

< 300

Field work

Boulder

300 – 1,000

1,000 – 5,000

> 10,000

5,000 – 10,000

2025 rock samples : Cu ppm

2018

2022

2023

2024

Cu-Au showings

Exclusive Exploration Rights and

restrictions

2025 Orevision® IP Survey

Survey lines

Conductive area

Figure 3

Specific agreement for conservation

(exploration allowed)

Midland-SOQUEM EER

Projection System :

Universal Transverse Mercator NAD83 Zone 19

2025 Rock Samples Collected on the

Nachicapau Project

#C2130416 : 13.70% Cu, 4.83 g/t Au, 28.60 g/t Ag

Clusters of digenite and malachite in a quartz and

calcite vein within a mafic host rock heavily altered

with epidote and albite

#C2130509 : 9.97% Cu, 2.40 g/t Au, 61.40 g/t Ag

Centimeter-sized digenite cluster in a calcite vein

#C2130608 : 4.66% Cu, 0.20 g/t Au, 13.80 g/t Ag

Pyrite and chalcopyrite mineralization

disseminated in ultramafic rock

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