MD.V · 2025-11-04 12:00:00

Midland and Soquem Report New Assay Results up to 27.60% Cu and 0.88 G/T Au ON the Malaco Mountain Copper-GOLD-Rare Earth Element Zone IN the Labrador Trough

Drill Results

MIDLAND AND SOQUEM REPORT NEW ASSAY RESULTS UP TO 27.60% CU AND

0.88 G/T AU ON THE MALACO MOUNTAIN COPPER-GOLD-RARE EARTH ELEMENT

ZONE IN THE LABRADOR TROUGH

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

with SOQUEM Inc. (“SOQUEM”), is pleased to announce new assay results for the Malaco Mountain

copper, gold, and rare earth elements (REE) zone discovered in June 2025 in the Labrador Trough (see

press release dated September 30, 2025). These results follow a rock sampling campaign conducted in

September 2025 and confirm the potential of this area . For many years, a reconnaissance program

conducted under the Strategic Alliance (the “Alliance”) in Nunavik has focused on the central part of

the Labrador Trough, identified as prospective for the discovery of economic copper mineralization.

Highlights:

• Two sampling transects, 10 and 13 meters long, were completed during an exploration

campaign in September on the mineralized outcrop at Malaco Mountain;

• Ten samples with grades above 1% Cu, reaching 27.60% Cu and 0.88 g/t Au (#C1455754);

• Other commodities also associated with these samples, namely REE (up to 1.77% REE),

cobalt (up to 0.35% Co), and silver (up to 32.40 g/t Ag).

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

from an outcrop and graded as follows: (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 (see press release dated September

30, 2025 ). A single day of follow -up work on this new copper -gold-REE showing named Malaco

Mountain was carried out in September 2025. The objective was to characterize the distribution and

extent of mineralization on the outcrop and assess the economic potential of this discovery. Two

sampling transects, perpendicular to the stratigraphy of the strongly mineralized sedimentary unit, were

completed over lengths of 10 and 13 meters. A total of 25 grab samples were collected every meter

along these transects. Best results obtained from these samples are listed in the table below.

Table: Assay results for grab samples collected on outcrop along two transects on the Malaco Mountain

project

Sample

Number

UTM East

(m) *

UTM North

(m)* Transect Cu

(%)

(g/t)

REE

(%)

(ppm)

(g/t)

C1455754 565746.79 6200927.20 T1 27.60 0.88 0.07 3450 32.40

C1455714 565739.23 6200939.88 T2 23.10 0.18 0.01 346 24.70

C1455753 565747.57 6200923.81 T1 10.60 0.57 0.82 465 14.60

C1455761 565752.07 6200929.26 T1 6.12 0.28 1.77 675 6.80

C1455757 565752.00 6200927.99 T1 4.59 0.06 0.58 125 2.60

C1455758 565751.19 6200930.09 T1 4.01 0.18 0.47 205 5.60

C1455755 565746.39 6200926.00 T1 2.53 0.14 0.87 168 3.10

C1455759 565751.19 6200932.03 T1 1.86 0.16 0.57 41 3.90

C1455752 565746.29 6200925.65 T1 1.58 0.25 0.23 53 2.50

Sample

Number

UTM East

(m) *

UTM North

(m)* Transect Cu

(%)

(g/t)

REE

(%)

(ppm)

(g/t)

C1455709 565739.31 6200932.54 T2 1.43 0.19 0.13 41 2.10

C1455762 565751.69 6200933.15 T1 0.30 0.01 0.27 71 0.70

C1455711 565740.36 6200935.62 T2 0.25 0.02 0.13 37 0.90

C1455704 565739.74 6200929.53 T2 0.25 0.01 0.05 62 0.90

C1455713 565739.88 6200934.15 T2 0.24 < 0.01 0.03 30 1.20

C1455756 565747.49 6200927.59 T1 0.23 0.01 0.01 48 1.00

C1455706 565740.87 6200931.81 T2 0.18 0.02 0.13 18 1.40

C1455710 565740.58 6200934.31 T2 0.16 0.01 0.02 28 0.90

C1455708 565740.39 6200933.03 T2 0.12 0.01 0.01 39 0.60

*Coordinate System: UTM NAD83 Zone 19

A total of 18 samples yielded grades above 0.1% Cu, 10 of which were above 1% Cu. Gold grades

between 61 and 877 ppb Au are also associated with the latter, as well as REE locally grading up to

1.77%, along with cobalt and silver . The chalcopyrite and malachite mineralization, hosted in altered

siltstones and mudstones, is observed as disseminations parallel to bedding and spatially associated with

fractures and breccias. Veining with massive pyrite, chalcopyrite, malachite, azurite and digenite is also

observed. A follow-up field program will be planned in 2026 to define the extent of this mineralization.

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.

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, prospects 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 general 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 and 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, and no assurance can be given that such events will occur in the disclosed times

frames 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.

Labrador Trough Alliance

Malaco Mountain project

Dunphy South project

Baie d’Ungava Mer du Labrador

Waskaikinis

(Fort Mackenzie)

Figure 1bFigure 1a

Nachicapau project

Malaco

Mountain

project

Malaco Mountain project :

2025 Cu-Au-ETR discovery

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

23.10/0.18/0.01

1.43/0.19/0.13

0.24/<DL/0.03

0.06/0.01/0.04

0.25/0.02/0.13

0.16/0.01/0.02

0.12/0.01/0.01

0.06/0.01/0.01

0.18/0.02/0.13

0.07/0.01/0.003

0.25/0.01/0.05

0.07/<DL/0.003

0.02/<DL/0.01

0.06/<DL/0.02

1.86/0.16/0.57

6.12/0.28/1.77

4.01/0.18/0.47

4.59/0.06/0.58

2.53/0.14/0.87

10.6/0.57/0.82

27.60/0.88/0.07

1.58/0.25/0.23

0.06/0.01/0.006

0.30/0.01/0.27

0.23/0.01/0.01

31.60/6.92/0.16

0.2% Co, 37.30 g/t Ag

12.30/0.36/0.57

0.65/0.05/0.39

#C1455754

2025 Rock Samples Location on the

Malaco Mountain Project

Legend

2025 Rock samples

Cu %/Au ppm/REE %

Mineralisation

2025 Fieldwork

2025 Cu-Au-

REE discovery

2025, June results

Cu %/Au ppm/REE %

2025, September results

Geologie

C1455754 : 27.60% Cu,

877 ppb Au, 0.06% REE,

3450 ppm Co, 32.40 g/t Ag

Massives sulfides horizon, subparallel to

the bedding, 80% of massive

chalcopyrite, 5% fine pyrite, 10% of

malachite

Location of 2025

rock samples on a

schematic plan

view – Malaco

Mountain project

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

< 0,10%Cu

NAD 83 UTM Zone 19

Rock Samples Collected on the Malaco

Mountain Project (September 2025)

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

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