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Midland Identifies a New Syenite-Associated GOLD System ON Samson Southeast of Wallbridge’S Fenelon/Tabasco Deposit

Corporate Updates

MIDLAND IDENTIFIES A NEW SYENITE-ASSOCIATED GOLD SYSTEM ON SAMSON

SOUTHEAST OF WALLBRIDGE’S FENELON/TABASCO DEPOSIT

Montreal, February 2, 2021. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to

report that a new syenite-associated gold sy stem was identified in drill hole during its 2020 drilling

campaign conducted on the Samson gold project. This property which comprises a total of 280 claims

covering about 156 square kilometres , is wholly owned by Midland and is located approximately 15

kilometres southeast of the Fenelon and Tabasco de posits held by Wallbridge Mining Company Ltd

(“Wallbridge”).

Highlights:

• Identification of a new syenite -associated gold system south of the Lower Detour Fault,

15 km from Wallbridge’s Fenelon-Tabasco deposits

• Abundant dykes and an intrusive stock with alkaline compositions

• Mineralized halo with Au-Ag-As-Pb signature identified in several drill holes

• High-grade intercepts reaching 99.1 g/t Au over 0.4 m and 23.0 g/t Au over 1.05 m

• 3D model underway and 3,500-metre drilling program planned for the winter of 2021

Syenite-associated disseminated gold deposit model

Upon reception and interpretation of analy tical results in early 2021, the geochemical affinity of

numerous dykes and an intrusive stock was confirme d as being alkaline . Compositions range from

monzonites to quartz monzonite s, monzodiorites and mo nzogabbros. All of the main mineralized

zones observed in 2020 drill holes are intimately associated with these dykes of alkaline affinity. The

mineralized zo nes also exhibit breccia ted textures and brittle faulting, typical of minera lization

emplaced at shallow depths, in epithermal conditions. The Golden Delilah zone (see below) shows an

uncommon metal assemblage with silver -gold-lead-antimony-arsenic, also typical of neutral

epithermal mineral deposit types. These observati ons stron gly suggest that minera l oc currences

observed on Samson in 2020 represent the external parts of a magmatic -hydrothermal system

associated with alkaline dykes, either of the syenite-associated disseminated gold (Robert, 2001) or of

the intrusion-related gold (Hart et al., 2007) variety.

In Abitibi, the syenite-associated disseminated gold deposit type (Robert, 2001 ) encompasses a

number of major deposits such as Canadian Malartic, Young-Davidson and Holt-McDermott (Robert,

2001). Modelling studies and more detailed analyses of 202 0 drilling data are currently underway to

identify vectors that will lead to the heart of the auriferous hydrothermal system.

During the summer of 2020, t wo drilling campaigns totall ing 3,097 metres in 12 drill holes were

completed and led to the discovery of th e Golden D elilah zone. This new discovery consisted of a

quartz-albite vein intersected over a core length of 1.60 metres and hosted in ultramafic i ntrusive

rocks, which graded 99.1 g/ t Au , 71.3 g/t Ag and 0.17% Pb over 0.40 metre from 106.45 to

106.85 metres (see press release by Midland dated September 1, 2020).

Subsequently, drill hole SAM-20-15, drilled approximately 350 metres southeast of the Golden

Delilah zo ne, intersected a new gold -bearing zone grading 23.0 g/t Au over 1.05 metre from

317.10 to 318.15 metres. This new zone is included in a wider interval that shows anomalous gold and

arsenic values over more than twenty metres, from 314.95 to 337.25 metres in hole SAM -20-10 (see

press release by Midland dated Janua ry 12, 2021). More recently, assays from hole SAM -20-16 were

received and yielded 3.86 g/t Au over 0.65 metre from 192.65 to 193.30 metres. This gold-bearing

interval was hosted in an altered breccia of an alkaline stock about 500 metres east of hole SAM-20-

15.

Midland is currently completing a 3D model of the gold system identified on Samson and is preparing

its next work program , which will take place this winter and will consist of geophysical (IP) surveys

and a drilling campaign totalling more than 3,500 metres.

Cautionary statements:

Mineralization occurring on the Fenelon property (Tabasco, Area 51, and Reaper zones) held by

Wallbridge is not necessarily indicative of mineral ization that may be found on the Samson property

held by Midland and located nearby to the southeast.

The true thickness of reported intervals cannot be determined with the information currently available;

intervals are thus reported in core length.

Quality Control

Exploration programs a re designed, and results are interpreted by Quali fied Persons employing a

Quality Assurance/Quality Con trol program consistent with industry best practic es, including the use

of standards and blanks for every 20 samples. Core samples from the Golden Delilah mineralized zone

were analyzed by atomic absorption (AA-23) with a gravimetric finish for samples grading >10 g/t Au

at ALS Minerals laboratories in Val d’Or, Quebec.

All samples are also analysed for multi -elements, using fou r-acid ICP –AES method (ME-ICP61) at

ALS Minerals laboratories in Vancouver (British Columbia) and Lima (Peru).

About Midland

Midland targets the excellent mineral potential of Quebec to m ake the discovery of new wor ld-class

deposits of g old, platinum group elements and base metals. Midland is proud to coun t on repu table

partners such as Probe Metals Inc., Wallbridge Mining Co mpany Ltd, BHP Billiton Canada Inc.,

Agnico Eagle Min es Limited, Osisko Development Corp., SOQUEM I NC., Nunavik Min eral

Exploration Fund , and Abcourt Min es Inc. Midland prefers to work in par tnership and int ends to

quickly concl ude add itional agre ements in regar d to newly acquired properties. Management is

currently reviewing other opportunities and pro jects to build u p 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 i nformation, please consult M idland’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 co ntain forward-looking statements that ar e subject to known and unknown risks and

uncertainties that c ould cause actual result s to vary ma terially fr om t argeted results. Such ri sks a nd

uncertainties include those described in Midland’s periodic reports including the annual report or in the filing s

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

DETOUR LAKE

ZONE 58N

La Peltrie

Probe Opt

MARTINIERE

BUG LAKE WALLBRIDGE

FENELON / TABASCO

Sunday Lake Fault

Lower Detour Fault

Sunday Lake Fault

Lower Detour Fault

Jeremie

Gaudet-Fenelon

Probe JV

Samson

Fleuribleu

Jouvex

Adam

Valmond

Vortex

DOUAY

Mistaouac

CASA BERARDI

MIDLAND PROJECTS & JV’S - SAMSON LOCATION

Golden Delilah

Volcanics

Igneous Rocks

Sediments

Midland Projects

Gold Mines, Projects

New Syenite-Associated

Gold System recognized

over a KM scale

Casault

Wallbridge Opt

THE NEXT MAJOR DISCOVERER IN QUEBEC

SAMSON PROPERTY – REGIONAL GEOLOGY

Adam Project

Gaudet- Fenelon JV

with Probe

Discovery of Golden Delilah

and

New Syenite-Associated Gold

system identified

Splay Faults

Mafic Volcanics

Felsic Volcanics

Ultramafics

Sediments

Mafic Intrusives

Felsic Intrusives

Wallbridge Fenelon (Main Gabbro)

78.84 g/t Au over 5.34 m

32.26 g/t Au over 7.05 m

Wallbridge Tabasco

260.4 g/t Au over 7.02 m

22.73 g/t Au over 48.01 m

Wallbridge Area 51

1.01 g/t Au over 132.0 m

1.21 g/t Au over 70.99 m

Reaper Discovery

308 g/t Au over 2.97 m

Incl. 858 g/t Au over 1.06 m

Wallbridge Fenelon

Midland 100 % Gold Projects

Casault JV

with Wallbridge

Midland / Probe JV

Samson Project

100% Midland

THE NEXT MAJOR DISCOVERER IN QUEBEC

NEW SYENITE-ASSOCIATED GOLD SYSTEME

IP Axis (New Interpretation)

July ddh’s 07 to 11 : 5 ddh’s : 1,287 m

September ddh’s 07EXT & 12 to 17 : 7 ddh’s : 1,810 m

SAM-20-08

0.11 g/t Au over 0.80 m

SAM-20-12 (GD)

2.52 g/t Au over 1.05 m SAM-20-11 (GD)

1.56 g/t Au over 0.90 m

SAM-20-13

0.17 g/t Au over 2.6 m

SAM-20-10 (Golden Delilah)

99.1 g/t Au over 0.40 m

1.81 g/t Au over 0.45 m

1.57 g/t Au over 0.65 m

SAM-20-09

0.61 g/t Au over 0.85 m

0.11 g/t Au over 0.75 m

0.10 g/t Au over 0.85 m

SAM-20-15 New Discovery

23.0 g/t Au over 1.05 m

1.42 g/t Au over 0.60 m

SAM-20-15

2.59 g/t Au over 0.40 m

SAM-20-07

0.14 g/t Au over 1.1 m

SAM-20-14

0.15 g/t Au over 1.0 m

SAM-20-16

3.86 g/t Au over 0.65 m

Presence of numerous Au-

bearing Alkaline dykes and

stock (kilometric scale)

THE NEXT MAJOR DISCOVERER IN QUEBEC

Monzonite

Monzonite

Mafic Volcanics

Mafic Volcanics

Mafic Intrusive

SIMPLIFIED GEOLOGICAL INTERPRETATION

2.52 g/t Au / 1.05 m

99.1 g/t Au / 0.40 m

1.81 g/t Au / 0.45 m

1.57 g/t Au / 0.65 m

1.56 g/t Au / 0.90 m

0.17 g/t Au / 2.60 m

0.61 g/t Au / 0.85 m

0.11 g/t Au / 0.75 m

0.10 g/t Au / 0.85 m

3.86 g/t Au / 0.65 m

0.11 g/t Au / 0.80 m

23.0 g/t Au / 1.05 m

1.42 g/t Au / 0.6 m 0.50 g/t Au / 0.50 m

2.59 g/t Au / 0.40 m

0.66 g/t Au / 1.05 m

0.17 g/t Au / 3.0 m

0.73 g/t Au / 0.62 m

0.38 g/t Au / 0.50 m

Au+As anomalous / 20 m

THE NEXT MAJOR DISCOVERER IN QUEBEC