Midnight Sun Makes Strategic Acquisition of Luswishi Dome Project Midnight Sun enters into an Earn-In Agreement to acquire the Luswishi Dome Project, located approximately 40 kilometers southeast of the Solwezi Project, in
Midnight Sun Makes Strategic Acquisition of Luswishi Dome
Project
Midnight Sun enters into an Earn-In Agreement to acquire the Luswishi Dome
Project, located approximately 40 kilometers southeast of the Solwezi Project, in
the Domes Region of Zambia
Vancouver, British Columbia, May 28th, 2025 - Midnight Sun Mining Corp. (TSXV: MMA /
OTC: MDNGF) (“Midnight Sun” or the “Company”) is pleased to announce that the Company
has entered into an Earn- In and Operating Agreement (the “Earn -In Agreement”) with
Zambezi Mint Investment Limited regarding the 366 square kilometre Luswishi Dome
Project, located approximately 40 kilometres southeast of the Company’s Solwezi Project, in
Zambia.
Midnight Sun’s President & CEO, Al Fabbro, states “The presence of domal structures has
long been recognized as a hallmark of major copper discoveries in the region, and it is exactly
what led us to our Solwezi Project over a decade ago. This same geological feature underpins
the world-class deposits and operating mines surrounding us, including Barrick’s Lumwana
Mine, First Quantum’s Kansanshi and Sentinel Mines , and Ivanhoe’s Kamoa -Kakula -- all
excellent examples of world-class domes deposits.
So, when Midnight Sun had the rare opportunity to secure what may be the last remaining
Dome in the district not already controlled by a major or us, we moved quickly. The project
boasts not only a highly prospective geological setting, but also an exceptional historical data
package from previous operators. This head start allows us to fast-track exploration, saving
both time and capital as we drive the Luswishi Project toward drilling and discovery.
This acquisition strengthens our position in a highly competitive district and aligns with our
strategy of targeting high-impact assets with near-term discovery potential. Midnight Sun is
firmly positioned as a leading explorer in Zambia.”
*Location map for the Luswishi Project provided below.
Terms of the Earn-In Agreement
The Earn-In Agreement consists of three stages:
Stage 1: To earn an initial 51% ownership of the licence, Midnight Sun must complete CAD
$750,000 worth of exploration and development expenditures on the licence w ithin 24
months of the agreement date.
Stage 2: To earn an additional 19% (70% cumulative ownership) of the licence, Midnight Sun
can sole fund an NI 43 -101 compliant inferred mineral resource within 24 months of the
completion of Stage 1.
Stage 3: To earn an additional 10% (80% cumulative ownership) of the licence, Midnight Sun
can sole fund a pre-feasibility study within 36 months of the completion of Stage 2.
Midnight Sun has the right, but not the obligation, to complete an y of the stages and there
is no firm spend.
Qualified Person: Darin Labrenz, P.Geo., a Qualified Person under NI 43 -101, has reviewed
and approved the technical data and contents of this release.
About Midnight Sun
Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia.
Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing
region in the world, our property is vast and highly prospective. Our Solwezi Project is
surrounded by world-class producing copper mines, including Africa’s largest copper mining
complex right next door, First Quantum’s Kansanshi Mine. Led by an experienced geological
team with multiple discoveries and mines around the world to their credit, Midnight Sun’s
goal is to find and develop Zambia’s next generational copper deposit.
ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.
Al Fabbro
President & CEO
For Further Information Contact:
Adrian O’Brien
Director of Marketing and Communications
Tel: +1 604 809 6890
NEITHER THE 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 NEWS RELEASE.
This news release contains “forward-looking statements” within the meaning of the applicable Canadian
securities legislation that are based on expectations, estimates, assumptions and projections as at the date
of this news release. The re is no guarantee of the Company completing any stage of the Earn- In
Agreement, and, as such, any information in this news release regarding the timing of earn-in stages;
expenditure amounts or work-product; the respective ownership interests of the Company in the licence ;
and any other information herein that is not a historical fact may be “forward looking statements ”. Any
statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance ( which may, but not always, include phrases such
as “anticipates”, “plans”, “scheduled”, “believed” or “intends” or variations of such words and phrases or
stating that certain actions, events or results “may” or “could”, “would”, “might” or “wil l” be taken to
occur or be achieved) are not statements of historical fact and may be forward- looking statements and
are intended to identify forward-looking statements.
Although the forward- looking statements contained in this news release are based upon what
management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure
readers that actual results will be consistent with such forward-looking statements, as there may be other
factors that cause results not to be as ant icipated, estimated or intended. Such factors include, among
others, risks relating to the timing and ability to obtain the approval of relevant regulatory bodies, if at all;
risks relating to property intere sts; risks related to access to the project; risks inherent in mineral
exploration, including the fact that any particular phase of exploration may be unsuccessful; geo-political
risks; the global economic climate; metal prices; environmental risks; political risks; and community and
non-governmental actions. N either the Company nor any other person assumes responsibility for the
accuracy and completeness of any such forward- looking statements. The Company does not undertake,
and assumes no obligation, to update or revise any such forward- looking statements or forward-looking
information contained herein to reflect new events or circumstances, except as may be required by law.