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Midnight Sun Receives Further Extension For Completion of Verification Report

Corporate Updates

Midnight Sun Receives Further Extension For Completion of Verification Report

Vancouver, British Columbia, November 5, 2024. Midnight Sun Mining Corp. (TSXV: MMA

/ OTC: MDNGF) (“Midnight Sun” or the “Company”) announces that, further to its September

16, September 27, October 10, and October 23, 2024 news releases, inspectors from the

Geological Survey Department of Zambia (the “GSD”) have completed the planned site visit

regarding the Company’s Large Scale Exploration Licence 21509-HQ-LEL (the “Licence”). The

Zambian Ministry of Mines and Minerals Development has issued an additional 14 day

extension to allow the GSD to complete their site verification report.

About Midnight Sun

Midnight Sun is focused on exploring our flagship Solwezi Project, located i n 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 intends to find and develop Zambia’s next gener ational 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

Em: [email protected]

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 information in this news release about the resolution of mineral

exploration licence renewals , timing and ability of the Company to obtain the approval of relevant

regulatory bodies, if at all; 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 “will” 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.

Submission of the site verification report is dependent in part on the availability of third parties and there

is no assurance that such persons will be available. Accordingly, ther e can be no guarantee that the si te

verification report will be completed and submitted within the timeframe provided or that further time

extensions would be granted, nor is there any guarantee that the site v erification report will be accepted

by the Ministry and the Licence renewed.

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 of the Company to obtain and the timing of the

approval of relevant regulatory bodies, if at all; risks relating to property interests; 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. Neither 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.