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Midland, IN Partnership with Brunswick, Announces the Discovery of New Spodumene-Bearing Pegmatites ON Elrond

Exploration Programs Partnerships & JV

MIDLAND, IN PARTNERSHIP WITH BRUNSWICK, ANNOUNCES THE DISCOVERY OF

NEW SPODUMENE-BEARING PEGMATITES ON ELROND

Montreal, October 3, 2023. Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with

Brunswick Exploration Inc. (“Brunswick”), is pleased to announce that new spodumene -bearing

pegmatites have been identified on the Elrond project, located in the Eeyou Istchee -James Bay region.

Field crews began working on Elrond in September following the complete lift of access restrictions for

the James Bay region.

The Elrond project is currently wholly owned by Midland but is subject to an option agreement signed

with Brunswick in November 2022 (see press release by Midland dated November 10, 2022).

Arwen zone: New spodumene-bearing pegmatite discovered on Elrond

This spodumene -bearing pegmatite outcrop discovered on Elrond . Named the Arwen showing , it is

exposed over an area of approximately 250 metres by 100 metres and is shallowly dipping to the north.

This spodumene-bearing pegmatite remains open in all directions.

The Arwen showing exhibits strong mineralization, with spodumene crystals observed throughout the

entire outcrop, including a higher -grade zone measuring approximately 75 metres by 15 metres and

containing up to 30% spodumene. The spodumene crystals are well formed and reach up to 30

centimetres in length.

This new discovery lies within a larger a rea where other differentiated barren pegmatites are found .

Laboratory assay results are pending. Brunswick is planning to drill-test these new showings in 2024.

Midland also has 100% interest in the Elrond Extension property (totalling 61 claims) located west of

the Elrond project.

Cautionary statement

Grab samples are selective by nature and may not be representative of mineralized zones.

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 Brunswick,

Rio Tinto Exploration Canada Inc., BHP Canada Inc., Barrick Gold Corp., Wallbridge Mining Company

Ltd, Probe Gold Inc., Agnico Eagle Mines Limited, Osisko Development Corp., SOQUEM Inc.,

Nunavik Mineral Exploration Fund, Cosmos Exploration Limited 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

Midland’s portfolio and generate shareholder value.

This press release was prepared by Mario Masson, P.Geo., VP Exploration for Midland and Qualified

Person as defined by NI 43 -101, who also approved data on the Elrond project reported in this press

release.

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 acc uracy 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 th ose 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.

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Midland – James Bay Lithium Projects and Brunswick Option

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Midland/Brunswick

Mythril Option

Midland/Brunswick

Elrond Option

New Arwen Discovery

Spodumene-bearing Pegmatites

James Bay Li

Deposit (Allkem)

Corvette Li

pegmatites

(Patriot Battery

Metals)

Rose Li

Deposit

Sirmac Li

Deposit Moblan Li

Deposit

New Li Discovery

Adina

(Winsome)

Whabouchi

Li Deposit

(Nemaska)

Main Road

Midland

Lithium Occurrences

Midland/Rio Tinto

Option

Tonalitic Unit

Gneiss

Metavolcanic

Metasediment

Granite

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2

Elrond

Brunswick Option

100% Midland

Arwen Location – New Spodumene-bearing Pegmatites

Midland/Brunswick

Elrond Option

New Arwen Discovery

Spodumene-bearing Pegmatites

Tonalitic Unit

Gneiss

Metavolcanic

Metasediment

Granite

3

3

Elrond-Arwen – New Spodumene-bearing Pegmatites

Helicopter

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Elrond-Arwen – New Spodumene-bearing Pegmatites