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Midland Commences Drilling ON Its Jouvex GOLD Project Northwest of the Douay Deposit in Abitibi

Exploration Programs

MIDLAND COMMENCES DRILLING ON ITS JOUVEX GOLD PROJECT NORTHWEST

OF THE DOUAY DEPOSIT IN ABITIBI

Montreal, January 15, 2026 . Midland Exploration I nc. (“Midland”) (TSX -V: MD) is pleased to

announce the start of a 1, 600-metre drilling program on its Jouvex gold property, wholly owned by

Midland and located approximately 10 kilometres northwest of the Douay deposit.

Exploration work resumed on the Jouvex property in 2024 -2025 with the execution of two drone -

supported magnetic surveys, followed by an induced polarization (IP) survey totalling 30 line

kilometres in the fall of 2025. These surveys were conduc ted in the south part of the property, on a

new target with gold potential. This target is located near a major structure that runs just north of the

Douay gold deposit, where indicated and inferred resources are estimated at 3.038 million ounces of

gold (2022 MRE, Maple Gold website). In January 2026, this area, which has been largely neglected in

the past, will be tested by Midland by diamond drilling.

2026 Diamond Drilling Program on Jouvex

A helicopter -supported diamond drilling program totalling 1, 600 metres is expected to begin in

January 2026. Five (5) drill holes are planned to test magnetic anomalies and interpreted structures

coinciding with IP anomalies. This area has never been drill -tested; the nearest drill holes are located

350 metres to the northeast. Historical drill hole JOU-1-84 exhibited interesting alteration patterns,

with silicification -carbonatization-sericitization, as well as felsic rocks favou rable for gold

mineralization (SIGEOM: GM42282). In 2026, the main target is one of the strongly positive magnetic

anomalies associated with a chargeability zone. This association and signals may indicate the presence

of disseminated sulphides, located between two zones of higher resistivity. This chargeability zone

may correspond to the Casa-Berardi deformation zone as interpreted.

New Exploration Target Identified on Jouvex

Following a recent reassessment by Midland of the potential on the Jouvex property, the southern part of

the project is now the main area for Midland current exploration efforts. Based on a compilation of

historical drilling data, the geology was modified by adding a band of felsic tuffs and volcanic rocks

between Taïbi sediments and Cartwright mafic volcanic rocks. These units, encountered in several

historical drill holes, are not inventoried in SIGEOM and signal potential for VMS mineralization. In

addition, drone-supported magnetic surveys conducted by Midland indicate the main magnetic fabric is

truncated in the south part of the project. This interference, at the contact between felsic and mafic

volcanic rocks, may be attributed to major structures , which are favourable emplacement sites for

potential syenitic intrusions similar to Douay and a common metallotect for gold deposits in the Abitibi

belt.

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 Rio Tinto

Exploration Canada Inc ., BHP Canada Inc., Centerra Gold Inc., Agnico Eagle Mines Limited,

Wallbridge Mining Company Ltd, Probe Gold Inc., Electric Element s Mining Corp., SOQUEM Inc.,

Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership

and intends to quickly conclud e additional agreements in regard to newly acquired properties.

Management is currently reviewing other opportunities and projects to build up Midland’s portfolio

and generate shareholder value.

Qualified Person and Exploration Director Richard D. St-Cyr, P.Geo., prepared, reviewed and approved

this press release and the Jouvex project data as Midland’s Qualified Person (QP) within the meaning of

National Instrument 43-101.

Gino Roger, President and Chief Executive Officer

Tel.: 450 420-5977

Fax: 450 420-5978

Email: [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.

1

Jouvex Property - Location in Abitibi

1

DEE Midland 2025-12-29

2

Jouvex – Diamond Drill Program 2026

2

Douay Deposit

Maple Gold

Indicated and inferred Resources of 3.038

million ounces of gold (2022 MRE, Maple

Gold website)

Casa Berardi Deformation zone

Géologie du Sigeom

DDH Program

January 2026

Jouvex Property

y

3

Mag Survey – First Vertical Derivative

Jouvex Interference in the

Magnetic Signature,

interferes with the contact

of 2 Geological Units on

the Casa Berardi

deformation zone.

Discontinuity between the

Taïbi sediments and the

volcanics marked by a

band of pyritic argillite

detected by regional

inputs.

A high-resolution mag drone survey was carried out in the south of the Jouvex property.

?

• The Mag survey shows different magnetic grains that correspond to the lithologies, Also, a distinct area that cuts the

regional grain in contact with felsic and mafic volcanics.

DDH program

January 2026

3

4

Jouvex – DDH 2026 - Geophysics

4

Mag 1VD

IP Resistivity 75m vertical

IP Chargeability 75m vertical