Midland Announces a New Strategic Alliance FOR GOLD IN the James BAY Region with Altius Minerals Corporation
MIDLAND ANNOUNCES A NEW STRATEGIC ALLIANCE FOR GOLD IN THE JAMES
BAY REGION WITH ALTIUS MINERALS CORPORATION
Montreal, February 16, 2017. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to
announce the execution of a strategic alliance with Altius Minerals Corporation (“Altius”)
(TSX: ALS), whereby Midland and Altius will combine their efforts to jointly explore the remarkable
gold potential of the extensive James Bay region.
Under this new alliance, Midland and Altius will bring together two experienced exploration teams, as
well as large databases, in order to generate exploration targets and new high -quality projects across
the vast and underexplored James Bay region. Generation of exploration targets will begin shortly, and
the first recon naissance, prospecting and till sampling campaigns will begin in the early summer of
2017. A budget of approximately $500,000, jointly funded, will be allot ted for the 2017 field
campaign and Midland will be the operator.
This new strategic alliance with A ltius covers a vast area of the James Bay region which is highly
prospective for gold mineralization . Midland’s existing properties and the area of interest defined
under its agreement with Osisko Exploration James Bay Inc. are excluded from this new agree ment
with Altius.
About Altius
Altius's diversified royalties and streams generate revenue from 14 operating mines located in Canada
and Brazil that produce copper, zinc, nickel, cobalt, precious metals, potash, and thermal (electrical)
and metallurgical coal. The portfolio also includes numerous predevelopment-stage royalties covering
a wide spectrum of mineral commodities and jurisdictions. It also holds a large portfolio of
exploration-stage projects, which it has generated for deal making with industry partners and which
will result in third party financing, equity and minority interests, and newly created royalty interests.
Altius has 43,335,654 shares issued and outstanding that are listed on Canada’s Toronto Stock
Exchange. It is a member of both S&P/TSX Global Mining Indices.
About Midland
Midland targets the excellent mineral potential of Quebec to make the discovery of new world -class
deposits of gold, platinum group elements, base metals and rare earth elements. Midland is proud to
count on repu table partners such as Altius Minerals Corp., Agnico Eagle Mines Limited, Teck
Resources Limited, SOQUEM INC., Osisko Exploration James Bay Inc., Japan Oil and Gas and
Metals National Corporation and Abcourt Mines Inc. Midland prefers to work in partnershi p 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 prepared by Mario Masson, VP Exploration for Midland, certified geologist 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
E-mail: [email protected]
Website: 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 Midland's periodic reports including the annual report or in the filings
made by Midland from time to time with securities regulatory authorities.