MD.V · 2022-06-09 12:00:00

Midland Begins Its Second Exploration Program IN Nunavik Under Its Strategic Alliance with Soquem

Exploration Programs Partnerships & JV

MIDLAND BEGINS ITS SECOND EXPLORATION PROGRAM IN NUNAVIK UNDER ITS

STRATEGIC ALLIANCE WITH SOQUEM

Montreal, June 9, 2022. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce

the start of an important exploration program targeting Cu-Zn-Co-Ag-Au / Zn -Pb-Cu-Ag-Au

volcanogenic massive sulphides (“VMS”) in the Labrador Trough, Nunavik. This second exploration

program will be conducted under the strategic all iance concluded between Midland and SOQUEM

(the “Alliance”).

The 2022 exploration program will consist of two phases of prospecting, each lasting three weeks,

scheduled from mid-June to mid-August.

Several new targets for 2022 and follow-up of 2021 discoveries

Following execution of the Alliance, compilation work was undertaken to cover the Labrador Trough.

This work led to the integration of historical geological mapping, drilling and geophysical data as well

as rock and sediment sampling. These data, combined with new ideas on the stratigraphic and structural

depositional settings, led to the definition of high -potential target areas for the 2022 prospecting

program.

During the 2021 program, a gold -bearing boulder (Rubeo) grading 40.8 g/t Au (in grab sample) was

discovered by prospecting (see press release by Midland dated December 16, 2021).

During the same program, near Lac Lelièvre, approximately 95 km south of Kuujjuaq, a grab sam ple

extended the horizon hosting the Lac Lelièvre Cu -Zn showing by another 25 m to the northwest. The

sample graded 2.3% Zn, 0 .48% Cu, 0 .17 g/t Au and 30 g/t Ag . Another sample yielded grades of

5.64% Zn and 0.14% Cu approximately 4.5 km northwest of the Lac Lelièvre showing. Both samples

are associated with massive to semi-massive sulphides deposited in metasedimentary rocks. The

sulphides consist of pyrrhotite, chalcopyrite, and sphalerite. The metal signature of th ese samples (Zn,

Cu, Au, Ag, As, Pb, Sb) is typical of Besshi-type VMS deposits.

The 2022 prospecting campaign will focus to locate the source of the gold-bearing boulder at Rubeo and

to identify the possible extensions of Zn-Cu mineralization in the Lac Lelièvre area. In addition, VTEM

data collected in 2021 provided several new exploration targets that will be prospected this summer.

The Labrador Trough offers a favourable geological and geochronological setting for the discovery of

Cu-Zn-Co-Ag-Au / Zn-Pb-Cu-Ag-Au massive sulphide deposits in mafic-siliciclastic settings. This type

of VMS generally forms larger deposits than other subc ategories of VMS deposits. They also contain

high copper, gold and cobalt grades . Previous campaigns of this magnitude focussing on this type of

deposit in the Labrador Trough date back at least 20 years.

Cautionary statements

• Grab samples are selective b y nature and reported values are not necessarily indicative of

mineralized zones.

Quality control

Rock samples from the project are analyzed by standard fire -assay on 30 -gram fractions with atomic

absorption finish (Au -AA23) or gravimetric finish (Au-GRA21) at ALS Laboratories in Val -d’Or,

Quebec, or Sudbury, Ontario. All samples are also analyzed for multi-elements using the four-acid ICP-

MS method. Exploration programs are designed, and results are interpreted by Qualified Persons

employing a Qua lity Assurance/Quality Control program consistent with industry best practices,

including the use of standards and blanks for every 20 samples.

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 Alliance 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 new 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. For 202 2, an annual budget

of $1 million (50% Midland and 50% SOQUEM) has been planned to complete the work program.

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 strong local

economies. A proud partner and ambassador for the develo pment 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, platinum group elements and base metals. Midland is proud to count on reputable

partners such as SOQUEM inc., BHP Canada Inc ., Rio Tinto Ex ploration Canada Inc ., Probe Metals

Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development 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 Corporation portfolio and generate

shareholder value.

This press release was prepared by Mario Masson, P.Geo., VP Exploration 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 t he 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.

Midland-SOQUEM Alliance in the Labrador Trough

New Gold-Bearing

Boulder Rubeo

(40.8 g/t Au)

Lelièvre Sector

(Au, Ag, Zn, Cu)

New Gold-Bearing Boulder

(40.8 g/t Au)

*New claims*

Lelièvre NW new zinc Showing

(5.64% Zn, 0.14% Cu)

Lac Lelièvre Showing EXT

(0.17g/t Au, 30g/t Ag, 2.3% Zn,

472ppm Cu, 0.66% Pb)

High Grade Gold Discovery

in Metre-Scale Boulder

C878152: 40.8g/t Au

Lelièvre North-West:

In the NW Trend of the Lac Lelièvre Showing

C877782: 5.64% Zn, 0.14%, 18ppb Au

Lelièvre Showing Extension:

A Typical Besshi-Type VMS Metallic Signature

Lac Lelièvre Showing EXT: 0.17g/t Au, 30g/t Ag, 2.3% Zn, 472ppm Cu, 0.66% Pb

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