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Midland Exploration Inc
Symbol MD
Shares Issued 60,376,411
Close 2018-08-13 C$ 0.79
Market Cap C$ 47,697,365
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Midland, Altius find Cu-Au-Mo-Ag showings in James Bay

2018-08-14 11:58 ET - News Release

Mr. Gino Roger reports

MIDLAND AND ALTIUS DISCOVER NEW COPPER-GOLD-MOLYBDENUM-SILVER AND GOLD SHOWINGS IN JAMES BAY

Midland Exploration Inc. and Altius Minerals Corp. have discovered new copper-molybdenum-gold-silver (Cu-Mo-Au-Ag) and Au showings in James Bay, Que. These showings were found during a regional project generation program performed in June.

The new Lothlorien project is located about seven kilometres south of the Trans-Taiga road. The project, comprising 38 claims, was staked after the discovery of high-grade copper, gold, molybdenum and silver. The area was visited to investigate a Mo-Cu showing found by Quebec government geologists in 2010, which has not had any additional reported work. The resampling of the original Pamela showing returned 0.47 per cent Mo in a grab sample (note that grab samples are selective by nature and values reported are not representative of mineralized zones).

The new Galadriel showing was found about 50 metres to the west of Pamela. All four grab samples collected on Galadriel returned high-grade Cu-Mo-Au-Ag values, up to 7.19 per cent Cu, 0.70 per cent Mo, 4.3 grams per tonne Au and 61 g/t Ag. It occurs as disseminated to semi-massive chalcopyrite and disseminated molybdenite within garnet-muscovite paragneiss.

Finally, the new Cu-Au-Ag Celeborn showing occurs as subcrop located about 225 metres west of the Pamela showing. Mineralization is found as magnetite-chalcopyrite stringers/clusters and as quartz-chalcopyrite veins in paragneiss. Values up to 2.37 per cent Cu, 21.2 g/t Ag and 0.66 g/t Au were returned from three grab samples. The three showings form an east-west mineralized trend that is 225 metres long and is open in both east and west directions. The Cu-Mo-Au-Ag signature of the mineralization points to a magmatic-hydrothermal system associated with felsic intrusions.

The new Fangorn Au project is located about 35 kilometres southeast of Hydro-Quebec's LG-3 airport and of the Trans-Taiga road. The project was initiated following the discovery of a gold-bearing felsic dike that returned 5.62 g/t Au associated with high Mo (143 parts per million) and bismuth (263 ppm) in a grab sample. The dike is found within a volcanosedimentary sequence that includes paragneisses, iron formations and ultramafic intrusives. The Au-Mo-Bi geochemical signature and the felsic intrusive host rock suggest an intrusion-related gold system. The Fangorn project comprises 16 map-staked claims.

Quality control

Rock samples on the project are assayed by standard 30-gram fire assaying with ICP or gravimetric finish at ALS Minerals laboratories in Val d'Or, Que., or Sudbury, Ont. All samples are also analyzed for multielements, using four-acid ICP-AES method. Samples that exceed 1 per cent copper, zinc or nickel are reanalyzed by four-acid ICP-AES optimized for high grades. Exploration program design and interpretation of results is performed 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.

The technical or scientific information in this press release has been prepared by Sylvain Trepanier, PGeo, vice-president of exploration for James Bay and Northern Quebec at Midland, a qualified person as defined by National Instrument 43-101.

About Midland Exploration Inc.

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as Soquem Inc., Agnico Eagle Mines Ltd., Iamgold Corp., Osisko Mining Inc., Altius Minerals Corp., NioBay Metals Inc. and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the company's portfolio and generate shareholder value.

We seek Safe Harbor.

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