MD.V · 2023-02-07 12:00:00

Midland Completes a Magnetic Survey ON Mythril-East and Targets a New Area East of Patriot Battery Metals Discovery

Exploration Programs

MIDLAND COMPLETES A MAGNETIC SURVEY ON MYTHRIL-EAST AND TARGETS A

NEW AREA EAST OF PATRIOT BATTERY METALS DISCOVERY

Montreal, February 7, 2023 . Midland Exploration I nc. (“Midland” or the “Corporation” ) (TSX-

V:MD) is pleased to report the completion of high-resolution magnetic surveys (“HR Mag”) on its

wholly owned properties grouped under the Mythril Regional project . These properties include the

Mythril-East block located along strike the Corvette pegmatite field held by Patriot Battery Metals

(“Patriot”) at 7 kilometres to the southwest. Patriot recently published spectacular drilling results

reaching 3.34% Li2O over 52.2 metres (see press release by Patriot dated January 30, 2023). Moreover,

Patriot recently reported that their first eight (8) drill holes (CV23-105 through 112) had intersected

various widths of spodumene pegmatite, ranging from approximately 8 m to 132 m (core length), and

therefore have extended the strike length of the CV5 Pegmatite body an additional 400 m along strike

eastwardly (see press release by Patriot dated February 6, 2023).

HR Mag survey on Mythril-East

The HR Mag survey, totalling 774 line kilometres completed on the Mythril-East block, helped better

define the magnetic signatures of the geological units on the property and identified a new potentially

favourable area, more than 5 kilometres in length in the southern part of the claim block. The area,

which has never been explored for lithium. This new potentially favourable area is located at 7

kilometres to the northeast of the pegmatite field discovered by Patriot over the last few months

on Patriot’s Corvette property.

Mythril Regional Project

The HR Mag survey totalling 3,340 line kilometres, was flown at lines spaced every 100 metres and

covered several claim blocks of the Mythril Regional project. Detailed interpretation of collected data

is currently underway to identify other potentially favourable areas for lithium exploration.

The Mythril Regional project is a large project with several extensive claim blocks totalling 1,156 claims

covering 588 square kilometres, including the Mythril-East block. On other claim blocks, compilation

of historical work by Midland revealed strong evidence of Li -Be-Ta pegmatite potential. While

exploring for copper in 2022, a pegmatite outcrop returned two strongly anomalous lithium values in

grab samples: 0.12% Li2O and 0.04% Li2O. Grab samples of pegmatitic boulders in other claim blocks

in the ar ea also returned highly anomalous Li -Ta-Sn values: 0.03% Li 2O, 23 ppm Ta, 50 ppm Sn;

0.02% Li 2O, 72 ppm Ta . None of these anomalies have been followed up. These also suggest a

favourable exploration potential for lithium on the Mythril Regional project, wh ich has never

been explored for lithium.

Midland is currently planning exploration programs on these projects, which will be launched over the

coming weeks.

Midland has 3,814 claims totalling 1,975 square kilometres of land positions in the James Bay area

and is one of the largest claim holders in the region. Four projects (Mythril Regional, Galinée, Komo

and Shire) were identified as highly prospective for their lithium potential, based on striking geological

similarities with adjacent lithium discoveries and compelling occurrences of lithium (Li), tantalum (Ta)

and/or beryllium (Be) in historical rock sampling. It should be noted that none of these projects have

been specifically explored for lithium in the past.

Cautionary statements:

Note that grades from grab samples and erratic boulders are not necessarily indicative of mineralized

zones.

Mineralization occurring at the Corvette deposit is not necessarily indicative of mineralization that may

be identified on properties held by Midland described in this press release.

Quality control

Rock samples from the aforementioned projects were analyzed for multi-elements by ICP-MS or ICP-

ES with four-acid digestion (ME-MS61 or ME-MS81) at ALS Laboratories (Vancouver). Exploration

programs are designed, and results are interpreted by Qualified Persons employing a Quality

Assurance/Quality Control program consistent with industry best practices, including the use of

standards and blanks for every 20 samples.

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 BHP Canada

Inc., Rio Tinto Ex ploration Canada Inc., Wallbridge Mining Company Ltd, Probe Gold Inc., Agnico

Eagle Mines Limited, Osisko Development Corp., SOQUEM Inc., Brunswick Exploration Inc., Nunavik

Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partne rship 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, who also approved the technical content of this press release.

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: 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.

James Bay: Main Lithium Prospects and Midland Projects

Whabouchi

Li Deposit

(Nemaska)

James Bay

Li Deposit

(Allkem)

Corvette Li

pegmatites (Patriot

Battery Metals)

Rose Li

Deposit

Sirmac Li

Deposit

Moblan Li

Deposit

Komo

project

Shire

project

Galinée

project

Mythril

Regional project

Stornoway Diamond Corp.

Renard Mine

New Li Discovery

Adina (Winsome)

Mythril Regional Project: Lithium Potential

• Mythil East claim block located directly east

of the CV (Patriot Battery metals) pegmatite

trends

• While exploring for base metals from 2019-

2022, several indications of Li-Ta pegmatites

were found on Mythril regional – no follow-

up done on any of these

• Pegmatite boulder: 0.03% Li2O, 23

ppm Ta, 50 ppm Sn (grab)

• Pegmatite outcrop: 0.12 % Li2O;

0.04% Li2O (grab)

• Pegmatite boulder: 0.02 % Li2O, 72

ppm Ta (grab)

Cancet Li

pegmatite

Galinée

project

Mythril-East

block

Mythril

Regional

project

Mythril

Regional

project

Mythril

Regional

project

Corvette Li

pegmatites (Patriot

Battery Metals)

Adina Li

prospect

(Winsome)

Mythril project

Midland – Patriot New Lithium Discovery

Mythril-East

100% Midland

Patriot Battery Metals

Property

Midland projects boundaries

Lithium occurrences

New lithium Discovery

Access Road

Trans Taïga Road

Patriot drills 52.2 m of 3.34% Li₂O,

including 15.0 m of 5.10% Li₂O

Mythril – East Mag HR with Potential Favorable Area

Patriot drills 52.2 m of 3.34% Li₂O,

including 15.0 m of 5.10% Li₂O

Midland Property

Mythril-East

Trans Taïga Road

Midland Property

Mythril

Patriot Battery property

Midland projects boundaries

Lithium occurrences

New lithium Discovery

Access Road

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