Midland Completes the Second Tranche of a Private Placement Totalling $2.7M

MIDLAND COMPLETES THE SECOND TRANCHE OF A

PRIVATE PLACEMENT TOTALLING $2.7M

Montreal, December 21, 2021. Midland Exploration Inc. ( “Midland”) ( TSX-V: MD ) is pleased to

announce that it has completed a second tranche of the non brokered private placement previously

announced on December 7, 2021 (the “Private Placement”) by issuing 230,000 flow-through common

shares (the “Flow-Through Shares”) at $0.80 per Flow-Through Share for gross proceeds of $184,000.

The total gross proceeds of the Private Placement is $2,667,100. The securities issued in the second

tranche of the Private Placement are subject to a four-month hold period expiring on April 22, 2022.

Midland will use the Private Placement proceeds to fund exploration works on its properties located in

Quebec.

As a result of the closing of the Private Placement, there are 75,497,797 common shares of Midland

issued and outstanding.

The Private Placement was carried out pursuant to prospectus exemptions of applicable securities laws

and is subject to final acceptance by the TSX Venture Exchange. In connection with this second tranche

of the Private Placement, finder’s fees equal to an aggregate amount of $7,680 were paid to arm’s length

third parties of Midland.

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 BHP Canada Inc., Rio Tinto Exploration Canada Inc. , Probe Metals Inc., Wallbridge

Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp. , SOQUEM Inc.,

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.

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.