Midland Exploration Announces the Grant of Options

MIDLAND EXPLORATION ANNOUNCES THE GRANT OF OPTIONS

Montreal, February 13, 2025. Midland Exploration Inc. (“Midland”) (TSX-V: MD) announces that it

has granted incentive stock options to employees, directors and officers of Midland to acquire an

aggregate of 800,000 common shares at $0.33 per share, for a period of 10 years. These incentive stock

options have been granted in accordance with Midland’s stock option plan (the “Plan”). Considering the

present grant, there is 7,060,000 stock options outstanding.

Amendment to Plan

On December 5, 2024, the Corporation amended its Plan to increase from 8,200,000 to 9,300,000 the

number of shares issuable under the Plan, and this amendment is subject to the approval of the Exchange.

The Plan is a stock option plan under which the number of listed shares that are issuable pursuant to the

exercise of stock options is a fixed number of issued shares, up to a maximum of 10 % of the issued

shares of Midland as at the date of the Plan amendment.

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 Exploration Canada Inc., Barrick Gold Corporation, Wallbridge Mining Company Ltd,

Probe Gold Inc., Agnico Eagle Mines Limited, 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 conclude additional agreements in regard to newly acquired properties. Management

is currently reviewing other opportunities and projects to build up the Company portfolio and generate

shareholder value.

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

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.