Mr. Gino Roger reports

MIDLAND AND PROBE INTERSECT UP TO 1.33% COPPER EQ. OVER 9.5 METRES AND EXPAND THE CU-AU-AG-MO MINERALIZED SYSTEM ON LA PELTRIE

Midland Exploration Inc. has released the results of the drilling campaign completed in the summer of 2023 in the vicinity of the large copper-gold-silver-molybdenum (Cu-Au-Ag-Mo) discovery made in 2022 on the La Peltrie option. This significant mineralized system is located 15 kilometres southeast of Agnico Eagle's zone 58N gold deposit and approximately 25 kilometres west of the former Selbaie mine, which produced 56.9 million tonnes grading 0.87 per cent Cu, 1.85 per cent Zn, 39 grams per tonne Ag and 0.55 g/t Au (historical production).

The property is currently subject to an option agreement and is explored in partnership with Probe Gold Inc. since July, 2020 (see press release by Midland dated July 9, 2020).

Highlights:

• Expansion of the mineralized zone intersected in discovery hole LAP-22-12 with a total interval of 0.20 per cent copper equivalent* over 513.5 metres;
• Higher-grade intervals within the mineralized envelope graded up to 1.33 per cent CuEq* over 9.5 metres and 0.56 per cent CuEq* over 13.2 metres;
• Indicates potential for a highly prospective and extensive mineralized system that remains open at depth with a possible trend interpreted to the west of discovery hole LAP-22-12.

This drilling program was completed in September, 2023, and consisted of eight drill holes totalling 2,700 metres, including five drill holes totalling 1,713 metres in the immediate vicinity of the Cu-Au-Mo-Ag discovery that graded 0.2 per cent CuEq* over 345.5 metres (see press release by Midland dated Dec. 6, 2022).

During this program, drill hole LAP-22-12EXT, totalling 168 metres, extended the mineralized zone in the discovery hole by returning a total interval grading 0.20 per cent CuEq* over 513.5 metres (core length).

Drill hole LAP-23-18, drilled to the north approximately 150 metres east of drill hole LAP-22-12, intersected a wide Cu-Au-Mo-Ag mineralized interval grading 0.15 per cent CuEq* over 363 metres, including a high-grade zone with grades of 1.33 per cent CuEq* over 9.5 metres.

Drill hole LAP-23-20, drilled to the south approximately 50 metres east of drill hole LAP-23-18, yielded a wide interval grading 0.12 per cent CuEq* over 400.2 metres, including an interval grading 0.56 per cent CuEq* over 13.2 metres.

Hole LAP-23-21, drilled to the south approximately 250 metres northeast of hole LAP-23-18, returned an interval grading 0.19 per cent CuEq* over 22 metres, and another grading 0.15 per cent CuEq* over 66 metres.

A preliminary interpretation of results received to date indicates that combined Cu-Au-Mo-Ag grades appear to increase in drill holes from east to west, thus indicating a possible enrichment trend to the west of drill hole LAP-22-12 (EXT), in an area that remains completely open in this direction and at depth.

Midland and Probe are currently preparing an exploration program in order to resume follow-up drilling on this new discovery.

The best results are summarized in the attached table. Assay results for drill holes LAP-23-21, 22, 23 and 24 are pending.

Quality assurance/quality control

During the last drilling program, assay samples were taken from the NQ core by sawing the drill core in half, with one-half sent to a certified commercial laboratory and the other half retained for future reference. A strict QA/QC program was applied to all samples which includes insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire assay with an atomic absorption finish on 50 grams of materials. The samples were also analyzed using a geochemical group of 60 multielements by four-acid digestion followed by ICP-OES (inductively coupled plasma optical emission spectroscopy) finishing.

About Midland Exploration Inc.

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold and critical metals. Midland is proud to count on reputable partners such as Probe, BHP Canada Inc., Rio Tinto Exploration Canada Inc., Barrick Gold Corp., Wallbridge Mining Company Ltd., Agnico Eagle Mines Ltd., Electric Element Mining Corp., SOQUEM Inc., Brunswick Exploration Inc., Nunavik Mineral Exploration Fund, Cosmos Exploration Ltd. 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 Midland's portfolio and generate shareholder value.

Qualified person and exploration director Richard D. St-Cyr prepared this press release and verified the La Peltrie project data as Midland's qualified person (QP) within the meaning of National Instrument 43-101.

We seek Safe Harbor.