Midland Signs a Memorandum of Understanding with Altius Resources Inc. IN the James BAY Region and Provides an Update ON Exploration Work
MIDLAND SIGNS A MEMORANDUM OF UNDERSTANDING WITH ALTIUS
RESOURCES INC. IN THE JAMES BAY REGION AND PROVIDES AN UPDATE ON
EXPLORATION WORK
Montreal, May 31, 2017. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to
announce the execution of a Memorandum of Unde rstanding with Altius Resources Inc., a wholly
owned subsidiary of Altius Minerals Corp. (“Altius”) (TSX: ALS), whereby Midland and Altius will
combine their efforts to jointly explore the remark able gold potential of the extensive James Bay
region.
During the winter of 2017, Midland and Altius combined their expertise and databases to generate new
gold exploration targets in the James Bay region. The targeting approach developed by Midland and
Altius consists of applying new metallogenic concep ts for gold in underexplored areas and utilizing
new public geoscience surveys. This new data has enhanced the broader geological knowledge and
recognition of mineral potential allowing for the id entification of previously untested prospective
areas. The first four exploration projects totalling 266 claims have been selected (Elrond, Gondor,
Minas Tirith, and Isengard) and occur along the prolific contact zone between the La Grande and
Opinaca subprovinces. This contact zone is the most important gold metallotect in the James Bay
region and hosts a number of major gold deposits and occurrences (Éléonore, La Grande South,
Cheechoo, Orfée, Marco, etc.). The location of th is important regional structure has recently been
redefined based on new government geological mapping and magnetics surveys in various parts of the
region. The four projects host significant anomalies in gold and gold pathfinder elements in samples of
lake sediment, till, and/or rocks from a combination of government and archived historical industry
work.
The first work program involving reconnaissance mapping, prospecting and till sampling will begin in
late June 2017. A joint budget of approximately $500,000 is allocated and Midland will be project
manager.
About Altius
Altius's diversified royalties and metal streams gene rate revenue from 14 mi nes operating in Canada
and Brazil that produce copper, zinc, nickel, cobalt, precious metals, potash, and thermal (electrical)
and metallurgical coal. The portfolio also includes numerous predevelopment-stage royalties covering
a wide spectrum of mineral commodities and jurisd ictions. Altius also holds a large portfolio of
exploration-stage projects, which it has generated fo r deal making with industry partners in order to
generate third-party financing, equi ty and minority interests, as well as new royalty interests. Altius
has 43,335,654 shares issued and outstanding, trading on the Toronto Stock Exchange in Canada.
Altius is part of the S&P/TSX Global Mining Index.
About Midland
Midland targets the excellent mineral potential of Quebec to make the discovery of new
world-class deposits of gold, platinum group elements, base metals and rare earth elements.
Midland is proud to count on reputable partners such as Altius Resources Inc., Agnico Eagle
Mines Limited, Teck Resources Limited, IAMGOLD Corporation, Osisko Mining Inc.,
SOQUEM INC., Japan Oil Gas and Metals Nati onal Corporation, and Abcourt Mines Inc.
Midland prefers to work in partnership and inte nds to quickly conclude additional agreements
in regard to newly acquired properties. Management is currently reviewing other
opportunities and projects to build up the Company portfolio and generate shareholder value.
This press release was prepared by Mario Ma sson, VP Exploration for Midland, certified
geologist 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: www.explorationmidland.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 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 those 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.