Midland and Soquem Stake 104 Mining Claims Following the Discovery of New Copper Occurrences IN the Labrador Trough

MIDLAND AND SOQUEM STAKE 104 MINING CLAIMS FOLLOWING THE

DISCOVERY OF NEW COPPER OCCURRENCES IN THE LABRADOR TROUGH

Montreal, March 27, 2025. Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with

SOQUEM Inc. (“SOQUEM”), is pleased to announce the discovery of new copper showings in the

Labrador Trough. For many years, part of the exploration work conducted under the Strategic Alliance

(the “Alliance”) in Nunavik, Quebec, has focused on unexplored regions within the area of interest. In

2024, efforts were particularly focused on the central part of the Labrador Trough, identified as

prospective for the discovery of economic copper mineralization. This reconnaissance program led to

the discovery of several copper showings along a northwest-southeast-trending magnetic axis, over a

distance of more than 3 km south of Dunphy Lake. This discovery prompted the staking of 104 mining

claims along this prospective axis.

Highlights:

• Discovery of new copper occurrences spread over a distance of 3.7 km. Chalcopyrite

mineralization is observed in multiple fractures and quartz -calcite veins within an altered

mafic intrusive of the Wakuach Suite.

• 16 samples collected on outcrops or boulders detached from the outcrops, yield grades >0.1%

Cu, and 2 samples graded >1% Cu, reaching up to 3.73% Cu. These samples also exhibit

anomalous values for several elements such as gold, cobalt or molybdenum.

• A block of 104 mining claims was staked to cover the prospective axis associated with this

discovery.

A 2-day reconnaissance campaign took place in the early summer of 2024 in the central part of the

Labrador Trough (Figure 1a, 1b). During this campaign, 42 rock samples were collected on outcrops or

in boulders detached from the latter, leading to the discovery of chalcopyrite mineralization in fractures

and quartz-calcite veins within a mafic intrusive of the Wakuach Suite. Pervasive and locally intense

albite and potassic feldspar alteration was observed, as well as hematite and epidote alteration associated

with fractures. Best grades include values of 3.73% Cu and 1.94% Cu in the northernmost part of the

area, and 0.54% Cu further south (Figure 2). Several other elements such as gold, molybdenum and

cobalt also exhibit anomalous values in these samples. The extent of this mineralization is currently

unknown. The mineralized samples are distributed along a northwest-southeast-trending magnetic axis

over a distance of 3.7 km. The major Argencourt thrust fault, associated with several copper deposits in

the central Labrador Trough, is located 4 km further west.

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

Sample

Number UTM_E UTM_N Type Cu_pct Au_ppb Co_ppm

C1456532 586634.95 6202501.89 Detached boulder 3.73 65 19

C1456534 586634.19 6202502.05 Detached boulder 1.94 52 143

C1456132 586523.59 6202663.21 Boulder 0.94 7 43

C1456130 586645.88 6202492.37 Outcrop 0.81 45 37

C1456535 586563.37 6202634.1 Outcrop 0.58 22 166

Sample

Number UTM_E UTM_N Type Cu_pct Au_ppb Co_ppm

C1456144 589055.23 6200116.25 Outcrop 0.54 18 41

C1456424 586575.68 6202624.37 Outcrop 0.51 7 188

C1456312 586659.74 6202481.14 Outcrop 0.51 7 41

C1456533 586633.48 6202499.98 Detached boulder 0.50 6 24

C1456034 589098.86 6200071.13 Outcrop 0.47 15 57

C1456131 586647.36 6202496.29 Outcrop 0.46 14 353

C1456145 589046.55 6200117.93 Outcrop 0.42 15 29

C1456435 587023.81 6202043.52 Outcrop 0.37 12 250

C1456025 586780.66 6202321.96 Outcrop 0.26 <5 46

C1456035 589077.26 6200047.87 Outcrop 0.14 9 24

C1456314 586846.09 6202350.18 Outcrop 0.11 <5 49

This discovery prompted the staking of 104 mining claims that form a 50.2-km2 claim block

representing a new area of interest, named Dunphy S outh, under the Alliance. This area, located

approximately 60 kilometres south of the Nachicapau property, enhances the copper potential of the

central Labrador Trough.

In 2025, Midland and SOQUEM will continue their efforts to assess the economic potential of these

discoveries. Surface exploration work including rock and soil sampling is planned in order to establish

the significance of these copper occurrences.

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. Furthermore,

the true thickness of mineralized intervals cannot be determined with the information currently

available.

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 will continue 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. , Barrick Gold Corporation, Wallbridge

Mining Company Ltd, Probe Gold Inc., Agnico Eagle Mines Limited, 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.

This press release was reviewed and approved by Richard D. St -Cyr, P.Geo., Exploration Director for

Midland 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: 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

Midland-SOQUEM Labrador Trough Alliance

Dunphy Sud area

1

Dunphy Sud

Copper

showings

Waskaikinis

(Fort Mackenzie)

Figure 1bFigure 1a

Midland-

SOQUEM new

showings 2024

Nachicapau Property

Ungava bay Labrador sea

Legend

Claims

Geology

Rachel-Laporte

Labrador Trough

Core Zone

Midland-SOQUEM

Midland 100%

Other cies

AOI Midland-SOQUEM

AOI Midland-BHP

Dunphy Sud showings

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

2

Boulder

2024 rock samples

Cu ppm

Fieldwork

Outline of mining claims

Midland-SOQUEM

Mining claims

Geology

C1456532 : 3.73% Cu, 65 ppb

Au, 19 ppm Co, 12 ppm Mo

5-7% disseminated chalcopyrite,

intense hydrothermal alteration to

orthoclase, calcite and albite

C1456144 :

0.54% Cu, 41 ppm Co

7% malachite in cm clusters

and 3% chalcopyrite

C1456132 :

0.94% Cu, 43 ppm Co

5% de chalcopyrite in cm

clusters associated with potassic

alteration and albitization

C1456535: 0.58% Cu,

166 ppm Co, 22 ppb Au

2-3% chalcopyrite and malachite

in halo around fractures,

associated potassic alteration

Aphyric gabbro, olivine gabbro

WAKUACH FORMATION

CHAKONIPAU FORMATION

Arkosic sandstone, polygenic

conglomerate, siltstone and mudstone Projection System:

Universal Transverse Mercator NAD83 Zone 19

Fault

C1456534 : 1.94% Cu, 143 ppm

Co, 52 ppb Au, 18 ppm Mo

Chalcopyrite (5%) and pyrite (2%)

veinlets with potassic alteration and

albitization

Location of 2024 rock samples in the

Dunphy Sud area

Figure 2

3

3

C1456144 : 0.54% Cu, 41 ppm Co

Epidotized gabbro outcrop containing 7% cm

malachite and 3% chalcopyrite

C1456532 : 3.73% Cu, 65 ppb Au, 19 ppm Co, 12 ppm Mo

Intrusive unit mineralized with 5-7% disseminated chalcopyrite and showing

intense hydrothermal alteration to orthoclase, calcite and albite.

C1456534 : 1.94% Cu, 143 ppm Co, 52 ppb Au,

18 ppm Mo

Gabbro affected by chalcopyrite (5%) and pyrite

(2%) veinlets with potassic alteration and

associated albitization

< C1456034 : 0.47% Cu,

57 ppm Co

Outcrop of epidotized and

hematized gabbro, affected

by fractures and calcite

veinlets containing 2%

chalcopyrite and malachite

and in a halo

2024 rock samples collected in the

Dunphy Sud area

< C1456312 : 0.51% Cu, 41 ppm Co

Outcrop of epidotized and hematized gabbro

affected by calcite veinlets containing 5%

pyrite pyrite, chalcopyrite and malachite