MD.V · 2021-05-11 12:00:00

Midland Identifies New Drilling Targets ON Its Lewis Project Northwest of the Nelligan Deposit

Exploration Programs

MIDLAND IDENTIFIES NEW DRILLING TARGETS ON ITS LEWIS PROJECT

NORTHWEST OF THE NELLIGAN DEPOSIT

Montreal, May 11, 2021. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report

that several new drilli ng targets have been identified as a result of a geophysical induced polarization

(OreVision IP) survey completed last winter on the Lewis project. The survey was co nducted in the

vicinity of the new gold discovery made by prospecting on the Lewis proje ct, wholly owned by

Midland and located approximately 60 kilometres southwest of the town of Chapais, Abitibi, Quebec.

This new project , acquired i n April 2020, co nsists of 172 claims (95 km2) and covers a strat egic

position characterized by a regional flexure proximal to the Guercheville-Opawica deformation zone.

The Lewis project is located approximately 60 kilometres northwest of the Nelligan deposit, jointly

held by Iamgold Corporation (75%) and Vanstar Mining Resources (25%).

Highlights:

• New gold system (Red Giant) with Qtz-Cb-Py over more than 9 metres in channel samples

• 30-km geophysical (OreVision IP) survey identifies several new high-priority targets

• Commencing a prospecting program in preparation for a drilling campaign

New gold-bearing structure : Red Giant

Last October, a mechanical stripping program was con ducted to further assess the Red Giant showing

discovered by prospectin g in the su mmer of 2020 in the northwest part of the Lewis project,

approximately 8 kilometres northeast of the former Lac Shortt mine . These occurrences yield ed

several anomalous gold values in grab samples, with grades ranging from 0.2 g/t Au to 2.1 g/t Au (see

press release by Midland dated October 15, 2020).

Stripping and channel sampling completed in October have confirmed the presence of a new g old-

bearing structure over a width of more than 9 metres and a lateral distance of at l east 25 metres. The

gold-bearing zo ne is oriented east -west, shows increasing grade/thickness values westward, and

remains completely open in this direction. Pyrite mineralization (3-5%) and quartz-carbonate veins are

hosted in a mafic volcanic rock with s trong ankerite and ch lorite alteration. A total of four channel

samples spaced 7 to 10 metres apart were collected on this structure over a lateral distance of

25 metres. From west to east, the channel samples yielded the following results:

• Channel #1: 0.35 g/t Au over 9.0 metres (open to the north and south)

• Channel #2: 0.38 g/t Au over 8.0 metres (open to the south)

IP survey identifies new drilling targets

An induced polarization survey totalling approximately 30 kilometres was completed last winter along

the extensions of the Red Giant showing. Th e survey ident ified several anomalies, many of wh ich

remain unexplained. A particularly interesting anomaly was detected approximately 250 metres east of

the Red Gia nt gold showing. This IP anomaly consists of coinciding resistivity and chargeability

highs, typical of silicified zones, mineralized silicified zones, and potentially gold-bearing zones.

A prospecting program will begin in the n ext weeks t o investigate these ne w IP anomalies , in

preparation for a maiden drilling campaign.

The L ewis gold property is located approximately 60 kilometres northwest of the Ne lligan deposit,

which hosts NI 43-101 Inferred Resources of 97 million tonnes grading 1.0 grams per tonne of gold,

equivalent to 3.2 million ounces of gold (Source : Nelligan NI 43-101 Technical Report, Oct 22, 2019,

Prepared for Iamgold Corp and Vanstar Mining Resourc es). In addition, approximately 10 kilometres

west of the Lewis property, the former Lac Shortt mine historically produced 2.7 million tonnes of ore

grading 4.6 g/t Au (Source: MERN-SIGEOM).

Cautionary statements

The true thickness of mineralized zones intersected by channel samples has not been determined with

available informations.

Mineralization occurring at the N elligan and Lac Shortt go ld deposits is not necessarily indicative of

mineralization that may be found on the Lewis property held by Midland.

Quality Control

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

Quality Assurance/Quality Control program consistent with industry best practices, including the use

of s tandards and blanks for every 20 samples. Samples from the Lewis project were analyzed by

atomic absorption (AA-23) at ALS Minerals laborat ories in Val d’Or, Quebec. All samples are also

analysed for multi -elements, u sing fou r-acid IC P–AES method (ME-ICP61) at ALS Minerals

laboratories in Vancouver, British Columbia.

About Midland

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

deposits of gold, platinum g roup elements and base met als. Midland is proud to coun t on repu table

partners such as BHP 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 rega rd to newly acquired proper ties. Man agement is current ly 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 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 Ven ture Exchange nor its Regulation Serv ices Provider (as that term is defi ned in t he

policies of the TS X Ventu re E xchange) accepts responsibility for the adequacy o r accuracy of this

release.

This p ress release may co ntain forwar d-looking statements that ar e subject to known and unknown

risks and uncertainties that could cause actual results to vary materially from targeted results. Such

risks a nd uncertainties incl ude t hose described in Midl and’s pe riodic reports incl uding the an nual

report or in the filings made by Midland from time to time with securities regulatory authorities.

THE NEXT MAJOR DISCOVERER IN QUEBEC

ABITIBI GEOLOGY – MIDLAND GOLD PROJECTS

100

Kilometers

500

DETOUR LAKE

Reserves 13 Moz Au

TIMMINS

(Production Hist.)

> 70 Moz Au

Ontario

Quebec

KIRKLAND LAKE /

LARDER LAKE

(Production Hist.)

38,8 Moz Au

Gold camps & projects Midland Au Projects

Cadillac Break

ROUYN-NORANDA

(Production Hist.)

19,5 Moz Au

LOWER DETOUR ZONE 58N

Ind. Res. 0,53 oz Au

Inf. Res. 0,14 Moz Au

LEWIS PROJECT

Laflamme JV

Fleuribleu

Samson

Gaudet

Adam

Jouvex

Casault

La Peltrie

Turgeon

Mistaouac

Patris

Maritime-Cadillac JV

Heva VAL D’OR

(Production Hist.)

18,4 Moz Au

DOYON—BOUSQUET

(Production Hist.)

> 25 Moz Au MALARTIC

Reserves of 10,7 Moz Au

N FENELON – TABASCO - AREA 51

CASA BERARDI

Reserves 1,9 Moz Au

OSBORNE - BELL

Inf. Res. 1,2 Moz Au

VEZZADOUAY

SLEEPING GIANT

LAC ROSE

MOROY

LAC SHORTT

NORMETAL / PERRON

MARTINIERE – BUG LAKE

Ind. Res. 0,59 Moz Au

BEATTIE &

DONCHESTER

(Production Hist.)

1,5 Moz Au

HOLLOWAY –

MCDERMOTT

(Production Hist.)

3,8 Moz Au

Midland New Project (Au)

NELLIGAN

Inf. Res. 3,2 Moz Au

WINDFALL

Ind. Res. 0,6 Moz Au

Inf. Res. 2,2 Moz AuLac Esther

Guyberry

Mafic Volcanics

Felsic Volcanics

Ultramafics

Sediments

Mafic Intrusives

Felsic Intrusives

Nomans

NELLIGAN

Inf. Res. 3,2 Moz Au

Lewis Property

172 claims (95 km2)

THE NEXT MAJOR DISCOVERER IN QUEBEC

Lac Shortt (Closed Mine)

Historical Production

400,000 Oz Au

Kilometers

100

Mafic Volcanics

Felsic Volcanics

Sediments

Mafic Intrusives

Felsic Intrusives

Intermediate Volcanics

Moroy Deposit (Bachelor)

M+I Resources 111,000 Oz Au

Inf. Resources 55,000 Oz Au

Silver Showings Gold Mines ; ShowingsZn, Cu, Fe Showings

LEWIS PROJECT LOCATION

Lewis Property

172 claims (95 km2)

Lac Shortt (Closed Mine)

Historical Production

400,000 Oz Au

THE NEXT MAJOR DISCOVERER IN QUEBEC

Kilometers

Mafic Volcanics

Felsic Volcanics

Sediments

Mafic Intrusives

Felsic Intrusives

Intermediate Volcanics

LEWIS GEOLOGY & NEW RED GIANT SHOWING

Silver Showings Gold Mines ; ShowingsZn, Cu, Fe Showings

13.5 g/t Au (grab)

7.6 g/t Au (grab)

7.9 g/t Au / 0.9 m

6.3 g/t Au / 1.2 m

21.3 g/t Au / 0.6 m

6.5 g/t Au / 0.6 m

3.8 g/t Au / 4.2 m

NEW RED GIANT DISCOVERY

& TRENCHING OCTOBER

THE NEXT MAJOR DISCOVERER IN QUEBEC

Kilometers

Lac Shortt (Closed Mine)

Historical Production

400,000 Oz Au

LEWIS MAG TD & NEW RED GIANT SHOWING

Mag Tilt Derivative

Silver Showings Gold Mines ; ShowingsZn, Cu, Fe Showings

7.9 g/t Au / 0.9 m

6.3 g/t Au / 1.2 m

21.3 g/t Au / 0.6 m

6.5 g/t Au / 0.6 m

13.5 g/t Au (grab)

7.6 g/t Au (grab)

Lewis Property

172 claims (95 km2)

3.8 g/t Au / 4.2 m

NEW RED GIANT DISCOVERY

& TRENCHING OCTOBER

THE NEXT MAJOR DISCOVERER IN QUEBEC

TRENCHES #1, #2, #3, - LOCATION

See next slide

for detailed results

Red Giant Showing

0.35 g/t Au / 9.0 m

Incl.: 1.28 g/t Au / 1.0 m

0.13 g/t Au / 2.0 m

Open

New IP Anomaly Location

Priority #1

Untested

THE NEXT MAJOR DISCOVERER IN QUEBEC

TRENCH # 1 RED GIANT SHOWING

OPEN

← Back to feed