MD.V · 2021-01-26 12:00:00

Midland Reports a New GOLD-Bearing Zone Identified IN Cadillac Sediments ON Maritime-Cadillac

Drill Results

MIDLAND REPORTS A NEW GOLD-BEARING ZONE IDENTIFIED IN CADILLAC

SEDIMENTS ON MARITIME-CADILLAC

Montreal, January 26, 2021. Midland Exploration Inc. (“Midland”) (TSX -V: MD) is pleased to

report that a new gold -bearing zone was identified during the drill ing camp aign com pleted last

September on its Maritime-Cadillac project. The Maritime-Cadillac property is a joint ve nture

between Agnico Eagle Mines Limited (“Agnico Eagle”) (51%) and Midland (49%) and is located

along the Cadillac Break.

During this program, two (2) d rill holes totalling 1,311.0 metres were completed during the month of

September 2020. Drill hole 141-20-41, totalling 879.0 metres and mainly designed to test the down-

plunge extension of the Dyke East zone, intersected, near the end of the drill hole, a new gold-bearing

zone associated with quartz veins and chlorite-biotite alteration in sediments of the Cadillac Group.

This new gold zone yiel ded an interval grad ing 9.69 g/t Au over 1.0 m etre from 847.3 to

848.3 metres. The Dyke East zone was also inters ected, w ith an interval grading 0.33 g/t Au over

15.3 metres from 761.4 to 776.7 m etres, inclu ding 1.44 g/t Au over 1.0 m etre from 774.5 to

775.5 metres. In addition, a few gold values above 1 g/t Au were also intersected higher up in the dri ll

hole.

Table 1: Best results from drill hole 141-20-41

Drillhole From (m) To (m) Au g/t Width (m) Zone

141-20-41 223.5 225 1.29 1.5 Piche Gr.

257.2 258.5 3.21 1.3 Piche Gr.

709.5 710.3 3.43 0.8 Piche Gr.

761.4 776.7 0.33 15.3 Dyke East

Including 774.5 775.5 1.44 1.0

847.3 848.3 9.69 1.0 Cadillac Gr. Seds

The other drill hole (141-20-40) completed during this campaign totalled 432.0 metres and was drilled

to test two par allel gold -bearing zones ( the South and North zones) . No significant results wer e

intercepted.

Agnico Eagle and Midland are reviewing results to evaluate the possibilit y of conducting further

drilling to test this new gold-bearing zone identified in Cadillac sediments in drill hole 141-20-41.

Cautionary statement

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

intervals are thus reported in core length.

Quality Control

The exploration program on the Maritime -Cadillac project is conducted by Agnico Eagle and the data

are rev iewed by Mario Masson, VP Exploration for Midland and Qualified Person as defined by

National Instrument 43-101. Assay samples are taken from NQ-size drill core sawn in half; one half is

shipped to a commercial laboratory and the other half is kept for fut ure reference. Assays were

conducted by ALS Minerals in Val-d’Or. Quality control samples, standards and blanks, were inserted

in the sample stream for mineralized zones.

About Midland

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

deposits of gold, platinum g roup elements and base metals. Midland is proud to count on repu table

partners such as Agnico Eagle , BHP Billiton Canada Inc., Probe Metals Inc., Wallbridge Mining

Company Ltd, Osisko Mining Inc., SOQUEM INC., Nunavik Mineral Exploration Fund, and Abcourt

Mines Inc. Midland prefers to work in par tnership and int ends to quickly concl ude add itional

agreements in regar d to newly acquired properties. Management 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 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.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 p ress release may co ntain forwar d-looking statements that ar e subject to known and unknown risks and

uncertainties that c ould cause actual result s to va ry materi ally fr om t argeted results. Such ri sks a nd

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

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

Lapa

Midland / Agnico Eagle

Maritime Cadillac JV (Au)

Midland 100%

Projet Heva (Au)

Midland Projects – Cadillac Break Longitudinal Section

Targets

2020

THE NEXT MAJOR DISCOVERER IN QUEBEC

Maritime-Cadillac JV - Geology

THE NEXT MAJOR DISCOVERER IN QUEBEC

Dyke East Zone - Longitudinal Section

-100 m

-200 m

-300 m

-400 m

-500 m

-600 m

NorthSouth

Agnico Eagle (Lapa) Maritime-Cadillac JV

-700 m

22A

1.14 g/t Au / 7.05 m

2.4 g/t Au / 1.5 m

0.5 g/t Au / 2.8 m 23

Looking West

Dyke East Zone

3.46 g/t Au / 5.5 m

18A

0.50 g/t Au / 3.9 m

0 200 m

18.5 g/t Au / 1.0 m

34A

0.72 g/t Au / 1.0 m

0.92 g/t Au / 5.05 m

0.47 g/t Au / 5.8 m

1.1 g/t Au / 25.9 m

incl. 1.9 g/t Au / 11.0 m

1.7 g/t Au / 46.4 m

incl. 21.1 g/t Au / 1.2 m

0.4 g/t Au / 37.7 m

Incl. 5.0 g/t Au / 1.6 m

1.7 g/t Au / 37.85 m

incl. 2.3 g/t Au / 24.0 m

incl. 12.6 g/t Au / 1.5 m

0.8 g/t Au / 15.7 m

Incl. 2.8 g/t Au / 3.8 m

1.0 g/t Au / 7.0 m

2.7 g/t Au / 5.3 m

incl. 5.4 g/t Au / 2.5 m

1.1 g/t Au / 8.7 m

incl. 2.2 g/t Au / 4.1 m

THE NEXT MAJOR DISCOVERER IN QUEBEC

41 0.33 g/t Au / 15.3 m

Incl. 1.4 g/t Au / 1.0 m

9.69 g/t Au / 1m **

** Within Cadillac Gr. Seds

141-20-41

141-20-40

Maritime-Cadillac – 2020 Drilling

2 ddh’s ; 1,311 metres

THE NEXT MAJOR DISCOVERER IN QUEBEC 4

9.69 g/t Au / 1m

THE NEXT MAJOR DISCOVERER IN QUEBEC 5

Section 141-20-41

9.69 g/t Au / 1.0 m **

0.33 g/t Au / 15.3 m

Incl.: 1.4 g/t Au / 1.0 m

3.4 g/t Au / 0.8 m

DDH 141-20-41 CADILLAC SEDIMENTS

THE NEXT MAJOR DISCOVERER IN QUEBEC

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