Midland Exploration Signs Option Agreement with Iamgold ON the Heva GOLD Property Near the Cadillac Break

MIDLAND EXPLORATION SIGNS OPTION AGREEMENT WITH IAMGOLD

ON THE HEVA GOLD PROPERTY NEAR THE CADILLAC BREAK

Montreal, May 2, 2017. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce

the execution of an option agreement with IAMGOLD Corporation (“IAMGOLD”) for its Heva gold

property. This property is currently wholly owned by Midland and is located near the prolific Cadillac

Break, about 5 kilometres northwest of the Canadian Malartic gold mine, jointly held by Agnico Eagle

Mines Limited and Yamana Gold Inc., where as of December 31, 2016 proven reserves are estimated

at 51.12 million tonnes grading 0.95 g/t Au ( 1.57 Moz Au) and probable reserves at 152.55 million

tonnes grading 1.13 g/t Au (5.53 Moz Au), for a total of 7.1 Moz Au. The Heva project consists of two

claim blocks, Heva West and Heva East, totalling 33 claims and covering a surface area of more than

1,400 hectares.

IAMGOLD may earn 50% interest in the Heva property over a period of four and a half years in

consideration of the following:

 Cash payments totalling $500,000, including $50,000 upon signing; and

 Exploration expenditures totalling $4,000,000, including $500,000 during the first year.

Upon exercising this first option to earn 50% interest, IAMGOLD may increase i ts interest to 60%

(Second Option) over a period of two years, in consideration of the following:

 Exploration expenditures totalling $ 500,000 for each additional 1% interest, to a maximum

interest of 60%.

Upon exercising this second option to earn 60% in terest, IAMGOLD may further increase its interest

to 65% (Third Option) over a period of two years, in consideration of the following:

 Exploration expenditures totalling $1,000,000 for each additional 1% interest, to a maximum

interest of 65%.

Soil geochemistry surveys, trenching and prospecting were conducted in 2016 and led to the discovery

of new auriferous quartz veining systems grading up to 19.9 g/t Au, 6.5 g/t Au, 5.4 g/t Au, 3.5 g/t Au

and 2.7 g/t Au (see press release by Midland dated July 5, 201 6). Following a channel sampling

program carried out on these new gold -bearing veins in August , b est results were obtained from a

channel sample showing visible gold in vein #100W40, which graded 24.1 g/t Au over 0.50 metre

(see press release by Midland dated September 14, 2016) (Note that true thicknesses are unknown and

cannot be determined at this time with the information available). In addition, a grab sample collected

about 5 metres west of the channel sample returned a gold value of 38.5 g/t Au. Further trenching and

prospecting work carried out in the fall led to the discovery of several new high -grade gold showings,

with grab samples yielding gold values of 41.0 g/t Au and 9.2 g/t Au (East area) and 13.9 g/t Au and

8.0 g/t Au (Central area) (see press release by Midland dated December 20, 2016) (Note that gold

values from grab samples may not be representative of the mineralized zones).

Midland is proud to join forces once more with a solid mining com pany such as IAMGOLD. The

project manager, IAMGOLD, will launch a major exploration program in the coming weeks.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world -class

deposits of gold, platinum group elements, base metals and rare earth elemen ts. Midland is proud to

count on reputable partners such as IAMGOLD Corporation, Agnico Eagle Mines Limited, Teck

Resources Limited, SOQUEM INC., Osi sko Mining Inc., Altius Minerals Corp., Japan Oil and Gas

and Metals National Corporation 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

This press release was prepared by Mario Masson, VP Exploration for Midland, certified geologist 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: www.explorationmidland.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as t hat 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 t hat 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.