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Midland Discovers New GOLD-Bearing Structures up-Ice from High- Grade Erratic Boulders Recently Found ON Laflamme JV

Exploration Programs Partnerships & JV

MIDLAND DISCOVERS NEW GOLD-BEARING STRUCTURES UP-ICE FROM HIGH-

GRADE ERRATIC BOULDERS RECENTLY FOUND ON LAFLAMME JV

Montreal, November 29, 2022. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to

report the discovery of at least two new g old-bearing structures during a recent prospecting program

that took place in October 2022 on the Laflamme JV project.

The Laflamme project is located approximately 25 kilometres northwest of the town of Lebel-sur-

Quévillon in Abitibi, Qu ebec, and currently consists of 436 claims covering a total surface area of

about 234 square kilometres. This project is a joint venture between Midland (7 7.9%) and Abcourt

Mines Inc. (“Abcourt”) (22.1%).

Highlights:

• High-grade samples with gold values up to 18.9 g/t Au and 5.67 g/t Au,

• New gold-bearing shear zone grading 3.73 g/t Au.

High-grade samples in shear zone

During a prospecting program conducted in late October 2022 , a follow -up on a n outcrop with

anomalous gold values found by Midland in May 2022 led to the discovery of a high-grade gold zone.

Sample A0361338 was collected in a shear zone with strong silica and carbonate alteration, i njected

with irregular quartz vein ing associat ed with 5% fine pyrite. Th is sample grad ed 18.9 g/t Au. A

second sample , collect ed in the sam e zo ne, 20 cm from the first sample, graded 5.67 g/t Au and

exhibits intense silicification. This shear zone is located 500 metres northeast of gold-bearing boulders

discovered in May (28.7 g/t Au and 6.0 g/t Au ) and may represent the source o f these boulders (see

press release by Midland dated June 13, 2022).

New gold-bearing shear zone

Also during the October 2022 campa ign, a follow-up on a soil sample with anomalous Au-Ag-As-Te-

V-W values led to the discovery of a new gold-bearing shear zone. This structure is located 800 metres

north-northeast of the gold -bearing boulder and 400 metres northwest of sample A0361338 described

above. The structure has a true thickness of approximately 4 metres and is exposed over a distance of

approximately 15 metres. The structure exhibits intense silic ification and con tains 1% to 10 % pyrite.

Sample A0361269, collected in the central part of the structure, graded 3.73 g/t Au . Two (2) other

samples collected from this structure yielded anomalous gold values of 0.363 g/t Au and 0.333 g/t Au.

Summary of work conducted in the vicinity of gold-bearing boulder

Following the discovery of the gold-bearing boulder in May 2022, a variety of work was undertaken in

the vicinity of the boulder to locate its source. This work includes a ver y detailed high -resolution

drone-supported magnetic survey with fli ght lines spac ed every 25 metres, a dipole-dipole induced

polarization survey along lines at a 100-metre spacing, a soil survey totalling 230 samples along a grid

with stations spaced every 25 metres and lines at a 100 -metre spacing, and a prospec ting program in

October targeting anomalies identified by previous work. Based on the results of the latest campaign ,

Midland intends to pursue exploration work on gold-bearing shear zones in the area, and a stripping

program as well as 3,000 metres of drilling are currently being planned.

This new favourable area is loca ted approximately 700 metres southeast of the Notting Hill gold

showing discovered in 2013 by Midland, which gr aded 0.34 g/t Au over 25.56 metres from 144.00 to

169.56 metres in drill hole LAF -13-21. In addition, this new di scovery is located approximately

12 kilometres northwe st of the Osborne-Bell deposit where Osisko Mining Inc. reported new drill

intersections grading up to 37.0 g/t Au over 5.4 metres (see press rel ease by Osisko Mining dated

September 28, 2018).

Cautionary statements:

Note that gra des de termined from grab samples and erratic boulders may not be representative of

mineralized zones.

Mineralization occurring at t he Osborne-Bell deposit is not necessarily indicativ e of mineralization

that may be found on the Laflamme property.

True thickness es cannot be determined with the information currently available; intervals are thus

reported in core length.

Quality control

Rock samples on the project are assayed for gold by standard 50-gram fire -assaying with atomic

absorption finish (Au-AA24) or gra vimetric finish (Au -GRA21) at ALS Laboratories in Val-d’Or,

Quebec. Exploration program s are designed, and results are inter preted by Qualified Persons

employing a Quality Assurance/Quali ty Con trol program consistent with industry best practices,

including the use of standards and blanks with every batch of 20 samples.

About Midland

Midland targets the excel lent 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 Comp any Ltd, 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 partnership and intends t o quickly conclu de additional agreements i n 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 reviewed and approved 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 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 a nd

uncertainties include those described in Midland’s periodic repor ts including the annual report or in the filings

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

1

DETOUR LAKE

NELLIGAN

ZONE 58N

MARTINIERE

BUG LAKE

FENELON / TABASCO

CASA BERARDI DOUAY VEZZA

GEANT DORMANT

BELL OSBOURNE

LAC SHORTT

MOROY

LAC ROSE

WINDFALL

BARRY

Kenorland / Newmont Option

PERRON

WESTWOOD

LARONDE

CROINOR

CANADIAN MALARTIC

KIENA GOLDEX

LAMAQUE

HOLT / MCDERMOTT

Volcanics

Igneous rocks

Sediments

Midland Projects

Gold Mines, Projects

Sunday Lake Fault

Lower Détour Fault

Cadillac Fault

FAYOLLE

BEATTIE

Guyberry

Heva

Coigny

Turgeon

Mistaouac

La Peltrie

Probe Opt

Jouvex Noyelles

Lac Esther

Nomans

LewisFleuribleu

Jeremie

Adam

Samson

ELDER

WASAMAC

GRANADA

HORNE 5

Chicobi Fault

M-Cadillac

Agnico Eagle JV

Gaudet-Fenelon

Probe JV

Casault

Wallbridge Opt

Patris

Laflamme

Midland - Abcourt JV

Abitibi Geology – Midland Gold Projects

1

Valmond

2

2

Copernick

2016 Ni-Cu-PGE Discovery

Comtois (Osisko)

71.7 g/t Au over 1.2 m

0.8 g/t Au over 40.8 m

OSBORNE-BELL (Osisko)

Inf. Res. 510,000 Oz Au

Themines (Osisko)

5.86 g/t Au over 4.5 m,

18.6 g/t Au over 0.9 m

Picadilly Showing

9.7 g/t Au over 1.0 m

Longshot Showing

0.25 g/t Au over 10.0 m

Incl. 2.19 g/t Au over 0.7m

Trafalgar Showing

0.40 g/t Au over 5.7 m

Incl. 1.72 g/t Au over 1.0 m

Notting Hill

Showing

0.34 g/t Au over 25.56 m

Incl. 3.12 g/t Au over 1.5 m

2022 October –

New gold-bearing shears zone

• 18.9 g/t Au, 5.67 g/t Au and 3.73 g/t Au

Laflamme JV – Regional Geology

LAFLAMME JV PROPERTY

436 claims for 234 km2

3

3

MAG Drone

Tilt

Notting Hill

Showing

0.34 g/t Au over 25.56 m

Incl. 3.12 g/t Au over 1.5 m

New – A0361338-339

High grade Au Shears Zone

• 18.9 g/t Au and 5.67 g/t Au

Shear Zone

• 0.94 g/t Au

High grade Au Boulders

• 28.7 g/t Au and 6.0 g/t Au

NEW – A0361269

Au Shear Zone

• 3.73 g/t Au

Ice Flow

Ice Flow

(source Sigeom)

Gold-Bearing Shears Zone Discovery

IP

Observed Shears Zone

Geological Contact

Access

4

4

QZ veins, Si-CB alteration, ± 5% PY

• 18.9 g/t Au

Laflamme JV – Sample A0361338

5

5

Strong Si alteration, ± 5% PY

• 5.67 g/t Au

Laflamme JV – Sample A0361339

6

6

Shear, Strong Si-CB alteration, ± 10% PY

• 3.73 g/t Au

Laflamme JV – Sample A0361339