MD.V · 2020-08-11 12:00:00

Midland Begins New Exploration Campaign ON Its Mythril and Mythril Regional Projects

Exploration Programs

MIDLAND BEGINS NEW EXPLORATION CAMPAIGN ON ITS MYTHRIL AND

MYTHRIL REGIONAL PROJECTS

Montréal, August 11, 2020. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report

that exploration work has resumed on its Mythril and Mythril Regional projects (100% M idland),

located in Eeyou Istchee James Bay, Qu ebec. The summer 2020 pro gram includes a lake sediment

survey and a prospecting and reconnaissance campaign. The pro specting campaign will take place in

August, over a period of 3 weeks , and will target newly defined lake sediment anomalies, as well as

copper-gold-molybdenum and gold occurrences and boulder fields discovered in 2019 on the two

projects.

Lake sediment survey conducted in June 2020

A high-density lake sediment survey totalling 190 samples was conducted last June on the Corvette

claim block, located approximately 40 kilometres southeast of Cu -Au-Mo occurrences on the Mythril

project. The survey covered the entire claim block, where new Cu -Au-Mo showings and boulders

were discovered in September 2019 (see press release by Midlan d dated October 31, 2019 ). Survey

samples have been analyzed using portable XRF technology (Reflex Vanta) to obtain preliminary

results as quickly as possible in order to follow-up on potential anomalies in August.

In the west part of the Co rvette block, in 2019, five grab samples from outcrops scattered over an area

of approximately 30 metres graded, on average, 0.65% Mo, 0 .1% Cu, 0 .09 g/t Au, 6 .0 g/t Ag, with

best results at 1.79% Mo. One grab sample from a subcrop located nearby also graded 3.84 g/t Au

and 0.45% Mo. Mineralization on the Corvette claim block occurs as stockworks of quartz veinlets

and molybdenite and cha lcopyrite-filled fractures in a to nalite. The mineralization is inter preted as a

porphyry-type molybdenum-copper-gold s ystem. Again in 2019, a metre -scale tonalite boulder with

arsenopyrite mineralization graded 3.47 g/t Au and 1.1 g/t Au in grab sample s. The source of this

boulder remains unknown. This high-potential area has seen very little previous exploration.

Prospecting and reconnaissance in August 2020

Follow-up prospecting will be conducted on the Tilly South block o f the Mythril Regional project. In

2019, a new Cu -Au-Mo showing was discovered in the northeast part of the cla im b lock ( Tornado

showing). The latter is located approximately 45 kilometres northeast of Cu -Au-Mo showings

identified on the Mythril project. On the Tornado showing, a grab sample from a decime tre-scale

chalcopyrite zone graded 4.7 g/t Au, 0.39% Cu and 3.58 g/t Ag. On the same outcrop, a mineralized

zone with molybdenite -filled fractures graded 2.11 g/t Au and 0.02% Mo in grab sample. Finally, a

centimetre-scale quartz-feldspar vein on the same outcrop graded 0.05% Mo and 0.26 g/t Au (grab

sample). Approximately 200 metres southeast of the Tornado showing, a grab sample from a n angular

paragneiss boulder with chalcopyrite -rich bands graded 3.13 g/t Au , 0 .35% Cu and 6.66 g/t Ag .

Much like the Tornado showing, this erratic boulder proved to be partic ularly gold-rich. No follow-up

work has been conducted yet on the Tornado showing and the area has seen very little previous

exploration. Results from the Tornado showing area were reported in a press release dated October 31,

2019. An induced polarization ( “IP”) survey was planned last winter to cover t he Tornado sh owing

and its immediate vicinity, however the IP survey was cancelled due to the COVID-19 crisis.

In the west part of the Tilly South block, about 13 kilometres southwest of the Tornado showing,

another cop per-molybdenum mineralized system was unc overed in the summer of 2019 . The

following results were reported in a press release dated October 31, 2019. The Faramir showing is a

new copper -molybdenum showing, wh ere 4 grab samples yielded an a verage grade of 0 .17% C u,

reaching 0.34% Cu, w ith locally anomalous molybdenum valu es (up to 0.02% Mo). The showing

consists of disseminated chalcopyrite in strongly altered granite injected with quartz-chlorite-ankerite-

epidote veining. The showing appears to be associated with a late brittle fault trending NW-SE, clearly

outlined in regional aeromag netic data. A total of 22 granitoid boulders with chalcopyrite

mineralization were also discovered in the vicini ty (Boromir boulder field). Thes e boulders are

strongly altered and in jected with intense quartz-chlorite-epidote-ankerite veining. Grab samples

yielded an average grade of 0.12% Cu, reaching 0.45% Cu (sample S410734). These boulders are very

similar to the Faramir showin g and are scattered over an area of approximatel y 1 ki lometre by

500 metres. They are interpreted as being derived from the same fault zone as the Faramir showing.

These new showings and boulders are considered as the external zone (propylitic alte ration) of a

magmatic-hydrothermal system.

Last winter, a pole-dipole IP survey (n =20), designed to test the deeper bedrock, was conducted to

cover the fault hosting the Faramir showing, to identify chargeability IP anomalies that would indicate

the strongly mineralized part of the Cu -Mo system. About 50% of the survey was completed before it

had to be interrupted due to the COVID-19 crisis. The IP line located furthest to the southeast shows a

deep chargeability anomaly along the fault zone, which may correspond to a more strongly

mineralized part of the system. This anomaly will be drill-tested at a later date. The targeted fault zone

will also be traced to the southeast during the summer prospecting campaign.

A gold-bearing boulder field located in the northeast part of the My thril project will also be the focus

of detailed prospecting work. In 2019, three bou lders respectively grading 2.84 g/t Au, 2.83 g/t Au ,

and 0.59 g/t Au (grab samples) were discovered; these results were released on No vember 7, 2019.

The gold-bearing boulders are characterize d by low-grade copp er (<0.15% Cu) and molybdenum

values (<0.01% Mo), and minor amounts of pyrite (up to 1%). They represent the first occurrence of

gold-dominated mineralization on Mythril. Follow-up work has yet to be conducted on these

boulders. In the w inter o f 2020, a di pole-dipole IP survey was conducted in this area and reve aled

weak to moderate anomalies proximal to the gold-bearing boulders, which will be investigated during

the prospecting campaign in August.

3D model for Mythril

A g eological 3 D model of mineralization in the main area of the Mythril project was built using

Leapfrog over the last few months, to improve our understanding of the system and its controls. The

mineralized envelope was modelled to determine where additio nal Cu-Au-Mo-Ag mineralization

could be discovered. In addition, a study of relationships between geology, alteration and geophysical

responses led to the identification of new drilling targets. Some of these drilling targets con sist o f

untested zones w here a favourable geological and g eophysical setting has been identified, whereas

others aim to test the potential extensions of high-grade mineralized zones.

Quality control

Exploration program design and interpretation of results are performed by qualified persons

employing a Quality As surance/Quality Control program consistent with industry best practices,

including the use of standa rds and blank s with every 20 samples. Rock samples on the project are

assayed for gold by standard 30 -gram fire-assaying with inductively coupled plasma atomic emission

spectroscopy (ICP-AES; Au-ICP21) or gravimetric finish (Au -GRA21) at ALS Minerals labor atories

in Vancouver, British Columbia. All samples are also analyzed for multi-elements using the four-acid

ICP–AES method ( ME-ICP61), also at ALS Minerals laboratories in Vancouver, British Columbia.

Samples that exceed 1% copper, zinc, molybdenum, or nickel are reana lyzed by four -acid ICP-AES

optimized for high grades.

About Midland

Midland targets the excellent mineral poten tial of Quebec to make the disc overy of new world-class

deposits of gold, platinum group elements and base metals. Midland is proud to count on r eputable

partners such as Wallbridge Mining C ompany Ltd , Pro be Metals Inc., BHP Billiton Canada Inc.,

Agnico Ea gle Mines Limi ted, Osisko Minin g Inc. , SOQUEM INC., Nunavik Mineral Exploration

Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude

additional agre ements in regard to newly acquired properties. Management is currently revi ewing

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

This press release was prepared by Mario Masson. P.Geo., VP Exp loration 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 subj ect to known and unknown risks and

uncertainties that could cause actual results to vary materially from targeted results. S uch risks and

uncertainties include those described in Midland’s periodic reports including the annual repo rt or in the f ilings

made by Midland from time to time with securities regulatory authorities.

Midland Mythril Discovery Location

THE NEXT MAJOR DISCOVERER IN QUEBEC 1

Newmont-Goldcorp Inc.

Éléonore Gold Mine

Eastmain Ressources Inc.

Eau Claire Gold Deposit

Mythril Regional Project

Cu-Au-Mo-Ag, Au

Stornoway Diamond Corp.

Renard Mine

Mythril Project

Cu-Au-Mo-Ag

Mythril Regional Project

Cu-Au-Mo-Ag, Au

Mythril Regional Project

Cu-Au-Mo-Ag, Au

Mythril Regional Project

Cu-Au-Mo-Ag, Au

Komo Project

Mythril + Mythril Regional Claim Blocks

THE NEXT MAJOR DISCOVERER IN QUEBEC 2

Granite

Paragneiss

TonaliteMythril

Main Block

Mafic volcanics

Granite,

granodiorite

Tilly south

Block

Corvette Block

new lake

sediment survey

Mythril Main

Showings

Mythril 2019

Gold Floats

Tilly South – 2019 showings

THE NEXT MAJOR DISCOVERER IN QUEBEC 3

Paragneiss

Diorite

Tonalite

Granite

Tonalite

Pasithée Cu-Au-Ag showing

2 outcrop grabs

1.49 % Cu, 1.15 g/t Au,

15.6 g/t Ag;

0.58 % Cu, 0.60 g/t Au et

14.3 g/t Ag

Tornado Au-Cu-Mo-Ag

showing

Up to: 4.7 gt Au (grabs);

Up to: 0.39 % Cu (grabs)

Float grab:

3.13 g/t Au,

0.35 % Cu

Boromir Floats

22 mineralized float grabs

Average 0.12 % Cu;

Up to: 0.45 % Cu

Faramir Cu Showing

4 outcrop grabs

Average: 0.17 % Cu

Up to 0.45 % Cu; up

to 0.02 % Mo

Eomer Au Showing

3 outcrop grabs: 2.79 g/t Au;

1.31 g/t Au, 0.13 g/t Au

Quartz veins in iron formation

Quartz-Moly veins

3 floats grabs

1.72 % Mo, 0.71 %

Mo, 0.04 % Mo

2 outcrop grabs:

0.2 % Mo, 0.07 % Mo

Strong Cu lake

sed anomalies

(public data)

Tilly south – Regional total field magnetics

THE NEXT MAJOR DISCOVERER IN QUEBEC 4

Faramir Cu Showing

4 outcrop grabs

Average: 0.17 % Cu

Up to 0.45 % Cu; up

to 0.02 % Mo

Background: Total field magnetics

Late brittle

fault zone

Faramir Cu showing

THE NEXT MAJOR DISCOVERER IN QUEBEC 5

S410736 (outcrop)

Granite, strongly altered in epidote, K-feldspar

and injected with quartz, chlorite vein

stockwork, disseminated chalcopyrite and pyrite

0.11 % Cu

S410738 (outcrop)

Granite, altered in chlorite-epidote, injected with

quartz and ankerite veins

0.34 % Cu, 0.02 % Mo

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