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Midland Resumes Work ON Laflamme JV to Locate the Source of High- Grade GOLD-Bearing Boulders

Partnerships & JV

MIDLAND RESUMES WORK ON LAFLAMME JV TO LOCATE THE SOURCE OF HIGH-

GRADE GOLD-BEARING BOULDERS

Montreal, July 12, 2022. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report

that exploration work has resumed in an effort to locate the source of high-grade gold-bearing boulders

discovered in June on its Laflamme JV project.

The Laflamme project is located approximately 25 kilometres northwest of the town of Lebel-sur-

Quévillon in Abitibi, Qu ebec, and currently consists of 436 claims covering a total surface area of

about 234 square kilometres. This project is a joint venture between Midland (77.9%) and Abcourt

Mines Inc. (“Abcourt”) (22.1%).

Highlights:

• High-grade gold-bearing boulders (28.7 g/t Au) discovered by prospecting in June 2022

• Drone-supported magnetic survey at 25-metre spacing currently underway

• Soil/till sampling program

• Induced polarization (“IP”) survey

• Mechanical stripping program

High-grade gold-bearing boulders and shear structures discovered by prospecting

During a prospecting pr ogram conducted i n late May and June 2022, a metre-scale angular erratic

boulder was discovered approximately 700 metres southeast of the hi storical Notting Hill gold

showing. T his boulder graded 28.7 g/t Au and is characterized by an int ense stockwork of quartz-

ankerite veins containing up to 15% pyr ite mineralization. Another sample collected from a sim ilar

boulder located 1 metre apart yielded a grade of 6.0 g/t Au in a country rock completely altered to

ankerite and containing 5% pyrite mi neralization, which represents the stockwork host rock (see press

release by M idland dated June 13, 2022 ). Given the ang ular sha pe of th ese boulders and known

glacial flow directions in this part of the Abitibi, the potential source of th e erratic boulder s is

interpreted as bein g at a short distance to the NNE. The target area has nev er been drill-tested a nd

corresponds to a magnetic low that remains untested over a distance of more than 1.5 kilometres.

Prospecting also yielded several anomalous gold valu es on outcrops with grad es between 0.1 and

1.0 g/t A u, in grab samples associated with new shear zones with strong carbonate alteration,

supporting the gold potential in the vicinity of the discovery boulders.

Geophysical and geological work – Summer and fall of 2022

In July 20 22, geophysical and geologic al work will be undertaken in an effort to locate the source of

the gold -bearing boulders , directly north of the latter. This work will include a very detailed high-

resolution drone-supported magnetic survey with flight lines spaced every 25 metres. This s urvey will

be followed , in early August , by a dipole-dipole IP survey along lines at a 100 -metre spacing. In

addition to these geophysical surveys, a prospecting and soil/till sampling program will be conducted.

The results of this work will orient the mechanical stripping program scheduled for October.

This new favourable area is located approximately 700 metres southeast of the Notting Hill gold

showing discovered in 2013 by Midland, which graded 0.34 g/t Au over 25.56 metres from 144.00 to

169.56 metres in drill hole LAF -13-21. In addition, this new discovery is located approximately

12 kilometres northwe st of the Osborne-Bell deposit where Osisko Mining Inc. reported new drill

intersections grading up to 37.0 g/t Au over 5.4 metres (see press rel ease by Osisko dated September

28, 2018).

Cautionary statements:

Note that grab and float sample grades may not be representative of mineralized zones.

Mineralization occurring at the Osborne-Bell deposit is not necessaril y indicative of mineralizat ion

that may be identified on the Laflamme property.

True thicknesses cannot be determined with the information currently available; intervals are thus

reported in core length.

Quality Control

Rock samples on the project are a ssayed for gold by standard 50-gram fire -assaying with atomic

absorption finish (Au-AA24) or gravimetric finish (Au -GRA22) at ALS Laboratories in Val-d’Or,

Quebec. Exploration programs are designed and results are interpreted by qualified persons employing

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

of standards and blanks with every 20 samples.

About Midland

Midland targets the excellent mineral potential of Quebec t o make the disc overy of new world-class

deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable

partners such as Abcourt, BHP Canada Inc., Rio Tinto Exploration Canada Inc., Probe Metals Inc. ,

Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, SOQUEM Inc., Osisko Development

Corp., and the Nunavik Mineral Exploration Fund. Midland prefers to work in partnership and intends

to quickly conclude additional agreements in regard to newly ac quired prope rties. Manage ment is

currently reviewing other opportunities and projects to build up the Corporation portfolio and generate

shareholder value.

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

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: 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 accuracy of this release.

This press release ma y contain forward-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 and

uncertainties include those described in Mi dland’s periodic reports including the annual report or in the filings

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

1

Abitibi Geology – Midland Gold Projects

2

Laflamme JV – Regional Geology

OSBORNE-BELL (Osisko)

Inf. Res. 510,000 Oz Au

Copernick

2016 Ni-Cu-PGE Discovery

Notting Hill Showing

0.34 g/t Au over 25.56 m

Incl. 3.12 g/t Au over 1.5 m

Comtois NW (Osisko)

71.7 g/t Au over 1.2 m

0.8 g/t Au over 40.8 m

Trafalgar Showing

0.40 g/t Au over 5.7 m

Incl. 1.72 g/t Au over 1.0 m

Longshot Showing

0.25 g/t Au over 10.0 m

Incl. 2.19 g/t Au over 0.7 m

Picadilly Showing

9.7 g/t Au over 1.0 m

High-Grade Au Floats

&

Au-Bearing Shears - New Discoveries

• 28.7 g/t Au & 6.0 g/t Au (2 Floats)

Mafic Volcanics

Felsic Volcanics

Sediments

Mafic Intrusives

Felsic Intrusives

Ultramafics

LAFLAMME JV PROPERTY

436 claims for 234 km²

Gold Showings Midland Laflamme JV Property

3

New High-Grade Floats Discovery

Notting Hill Showing

0.34 g/t Au over 25.56 m

Incl. 3.12 g/t Au over 1.5 m

0.94 g/t Au (grab)

2 Floats Discovery (1 m apart- Metric sizes)

Float #1 – Stockwork Qz-Cb (15% Py) with 28.7 g/t Au

Float #2 – Wall rock Carb. (5% Py) with 6.0 g/t Au

Possible source for floats &

High-priority area for follow-up

• Soil geochem - Prospecting

• Detailed HR Mag

• Geophysics (IP)

• Mechanical trenching

MAG 1st derivative

0.17 g/t Au (grab)

0.29 g/t Au (grab)

0.17 g/t Au (grab)

3 anomalous grab samples

> 28 ppb Au

Au-Bearing Shear ZonesAu-Bearing Shear ZonesAu-Bearing Shear Zones

2 anomalous grab samples

34 ppb Au & 38 ppb Au

Laflamme JV – Sample A0361686 – Float

4

New High-Grade Au Float

• 28.7 g/t Au (Qtz-Cb Stockwork)

Laflamme JV – Sample A0361686 – Float

5

New High-Grade Au Float

• 28.7 g/t Au (Qtz-Cb Stockwork)

Laflamme JV – Sample A0361685 – Float

6

New High-Grade Au Float

• 6.0 g/t Au (Carb. Wall Rock)