Midland and Wallbridge Intersect New GOLD Mineralization at Casault

MIDLAND AND WALLBRIDGE INTERSECT NEW GOLD MINERALIZATION AT

CASAULT

Montreal, October 21, 2021. Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership

with Wallbridge Mining Company Ltd (“ Wallbridge”), is pleased to announce th e successful

completion of an approximately 5,300-metre exploration drill program at its Casault Gold Property

(“Casault” or the “Property”), testing various grassroots exploration targets 4 to 12 kilometres west

of Wallbridge’s Martiniere Gold Project ("Martiniere") and 34 to 41 kilometres west of Wallbridge’s

flagship Fenelon Gold Property ("Fenelon").

The first drill hole (CAS-21-123), for which assay results have been received so far, has intersected

new gold mineralization with a visible gold-bearing interval returning 6.85 g/t Au over 2.00 metres

from 254.50 to 256.50 metres. This intersection is considered significant, as it is located in the

northern, largely untested part of the Casault property, where no gold zone has been known so far,

approximately 2 kilometres from the nearest anomalous gold intersections both on the Casault and

Martiniere properties.

“This intersection of encouraging gold mineralization in the first drill hole of our Casault program in

an entirely grassroots area is not only a testament to our growin g understanding of the regional

controls on gold deposition in the Detour-Fenelon area but also to the prospectivity of the over 900

square kilometer land package along this underexplored belt,” stated Marz Kord, President & CEO of

Wallbridge. “We are keen ly awaiting the assay results of other completed holes and are looking

forward to following-up this intersection, working toward a discovery at Casault, near our existing

Martiniere gold deposit.”

Drill Program Completed

Between July and September 2021, Wallbridge completed a drill program totaling 13 drill holes,

testing a variety of grassroots exploration targets at Casault. Drilling has focused on the unexplored

northern part of the Property, within 1 to 2 kilometres north of the Sunday Lake Deformation Zone

(“SLDZ”), on the same assemblage of rocks that also host Wallbridge ’s Martiniere gold system, 5

kilometres east of the closest target tested in the 2021 program, which hosts historic indicated

resources of approximately 591,000 gold ounces with an updated resource estimate currently

underway.

Hole CAS-21-123, the first drill hole of the program, was testing a prominent NW-SE oriented

structure interpreted from airborne magnetics. This structural orientation is known to control gold

mineralization at Fenelon and Martiniere, and a series of large structures of this trend also transects the

Casault property. The particular structure tested by CAS-21-123 extends for an approximately 8

kilometres across Wallbridge’s Martiniere, Casault and Doigt properties and was historically tested by

one drill hole on Martiniere, yielding 30.40 g/t Au over 0.44 metre, which has not been followed-up

since.

The intersection of 6.85 g/t Au over 2.00 metres in CAS-21-123 is associated with a mineralized zone

consisting of chalcopyrite, p yrite, pyrrhotite, and el ectrum, a gold-silver mineral phase , within

deformed and heavily carbonate-altered host rocks.

The other 12 drill holes of the completed program have also intersected strong shear and alteration

zones with sulfide mineralization th at are interpreted to pot entially be part of gold -bearing systems.

Assay results of these drill holes are currently pending and will be released as they become available.

A technical meeting will be held in the following weeks to discuss the next follow-up program over

this new gold bearing zone.

Cautionary statements

The true thickness of reported intervals cannot be determined with the information currently available;

intervals are thus reported in core length.

Mineralization occurring on the Fenelon Gold and Martiniere/Bug Lake projects held by Wallbridge

are not ne cessarily indicative of mineralization that may be found on t he Casault property held by

Midland.

Casault Gold Property

The Casault property is located approximately 110 kilometres west of the town of Matagami , between

Wallbridge’s Martiniere and Detour East gold properti es. Wallbridge has an option to acquire up to a

65% interest in th e 177 km 2 project from Midland Exploration (see Wallbridge News Release dat ed

June 1 8, 2020 ). Casault covers more than 20 kilometres of the SLDZ, along which Wallbridge’s

Martiniere and Fenelon gold deposits are located and which also hosts Kirkland Lake Gold’s world-

class Detour Lake Mine.

The Casault pro perty also hosts the Vortex Zon e, a syenite-associated disseminated gold system with

drill hole intersections grading up to 1.38 g/t Au over 26.5 metres that was traced over a distance of

1.5 kilometre.

Assay QA/QC

Drill core samples from the 2021 drill program at Casault were cut and bagged on site and tra nsported

to AGAT Laboratories Ltd. for analysis. Samples are crushed to 75% less than 2mm. A 250g riffle

split is pulverized to 85% passing 75 microns. 50g samples are analyze d by fire assay and AAS.

Samples >10g/t Au are aut omatically analyzed by fire ass ay with gravimetric finish or screen metallic

analysis. To test for coarse free gold and for additional qua lity assurance and q uality control,

Wallbridge requests screen metal lic analysis for samples containing visible gold. These and future

assay results may vary from time to time due to re‒analysis for quality assurance and quality control.

About Wallbridge

Wallbridge is currently advancing the exploration and develo pment of its 100% ‒owned Fenelon Gold

property located along the Detour‒Fenelon Go ld Trend, an emerging gold belt in n orthwestern

Québec. The Company completed approxim ately 102,000 metres of drilling in 2020 and is currently

conducting a fully ‒funded 2021 program of approximately 150,000-170,000 metres of drilling and

2,500 metres of u nderground exploration development ( Phase 1 of a 10,000‒metre program). The

Company intends to complete a maiden mineral resource estimate on the Fenelon Gold System in

October 2021.

Wallbridge now holds several kilometres surrounding it s rapidly exp anding Fenelon discovery

providing room for growth, as well as future mine development flexibility. Wallbridge's land holdings

in Québec along the Detour ‒Fenelon Gold Trend total more than 900.0 km 2, improving Wallbridge's

potential for further discoveries along a 90‒kilometre strike length in this underexplored belt.

Wallbridge is also the operator of, and a 17.8% shareholder in, Lonmin Canada Inc., a privately ‒held

company with a portfolio of nickel, copper, and platinum ‒group metals (PGM) p rojects in On tario's

Sudbury Basin.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world -class

deposits of gold, platinum group elements a nd base meta ls. Midland is proud to count on reputable

partners such as Wallbridge Mining Company Ltd BHP Canada Inc., Probe Metals Inc., Agnico Eagle

Mines Limited, Osisko Development Corp., SOQUEM Inc., Nunavik Mineral Exploration Fund, and

Abcourt Mines Inc. Midland prefers to work in partnershi p and intends to qu ickly conclude additional

agreements in regard to newl y acquir ed properties. Management is currently reviewing other

opportunities and projects to build up the Corporation portfolio and generate shareholder value.

This press release was prepared by Mario M asson. P.Geo., VP Exploration for Midland and Qualifie d

Person as defined by NI 43-101 in conjunction with Wallbridge technical team.

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 t hat term is defined in the

policies of the TSX Venture Exchange) a ccepts responsibil ity 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 th at could cause actual results to v ary materially from targeted res ults. Such

risks a nd 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.

1

Midland / Wallbridge Casault Option

Midland Gold Projects

Mafic Volcanics

Felsic Volcanics

Ultramafics

Sediments

Mafic Intrusives

Felsic Intrusives

Casa Berardi Mine

Reserves 1.9 Moz Au

Douay

JouvexMistaouac

Valmond

Samson

Fleuribleu

Wallbridge Fenelon Gold

Up to 22.73 g/t Au over 48.01 m

Adam

Detour Lake Mine

Reserves P+P > 13Moz Au

Zone 58N Resources

Ind.: 534,300 oz Au

Inf. : 136,100 oz Au

Jeremie

Vezza West

Martiniere & Bug Lake

Hist. Ind. Res. 0.59 Moz Au

Vortex

B26

B14

Midland / Probe Gaudet –Fenelon JV

Selbaie Mine

Golden Delilah

La Peltrie

Probe Option

Gaudet-Fenelon

Probe JV

Casault 100% Midland

Wallbridge Option

New Gold Discovery

2

Casault Option – Property Geology

New Gold Discovery

Hole CAS-21-123

6.85 g/t Au over 2.0 metres

Martiniere & Bug Lake

Historical Ind. Res. 0.59 Moz Au

Bug Lake Zone

Up to 18.13 g/t Au over 44.45 m

3

Casault Option – 1st Magnetic Derivative

New Gold Discovery

Hole CAS-21-123

6.85 g/t Au over 2.0 metres

NW-SE Structure

Interpreted over 3 km