Mr. Gino Roger reports

MIDLAND ANNOUNCES THE START OF A DRILLING CAMPAIGN ON ITS LEWIS PROJECT IN ABITIBI

Midland Exploration Inc. has begun a drilling campaign on its gold Lewis project, 100-per-cent-owned by Midland and located approximately 60 kilometres (km) southwest of the town of Chapais. The drilling campaign, scheduled to started early in February, 2024, consists of four drill holes for an expected total of 725 metres.

The drilling campaign will focus on new gold occurrences discovered by prospecting conducted by Midland since 2020, namely the Red Giant (up to 0.35 gram per tonne gold (Au) over 9.0 metres in channel sample) and Golden Nest (up to 10.2 grams per tonne Au in grab sample and 0.65 gram per tonne Au over 6.0 metres in channel sample) showings. Induced polarization (IP) axes are also targeted along the eastward projection of the Golden Nest showing.

The Red Giant showing is associated with an IP anomaly bordering a magnetic high. The east-west-trending gold-bearing zone shows increasing grades/thicknesses toward the west of the area stripped in 2020 and remains completely open in this direction.

The Golden Nest gold showing is directly associated with an IP anomaly that coincides with a sharp increase in resistivity and corresponds to a small outcrop of approximately 10 square metres exhibiting 2 to 10 per cent pyrite mineralization. The IP anomaly associated with this gold-bearing zone may be traced over several hundred metres. Trenches were excavated to the west of the Golden Nest showing in 2022 but failed to locate the same mineralization. These IP anomalies extend eastward and occur proximal to a north-northeast-trending structure interpreted from magnetic data, which may have displaced northward (sinistral movement) the horizon hosting the Golden Nest showing.

These two showings are spaced one kilometre apart, are both hosted in sheared mafic volcanic rocks and are characterized by the presence of numerous quartz-carbonate veins with local pyrite and arsenopyrite mineralization. Mineralized zones are associated with strong chlorite and ankerite alteration. These gold-bearing zones, readily accessible using logging roads, have never been drill tested.

The Lewis property consists of 158 claims (87 square kilometres) and covers a strategic position characterized by a regional flexure proximal to the Guercheville-Opawica deformation zone.

The property is located eight kilometres northeast of the former Lac Shortt mine (historical production: 400,000 ounces (oz)), and approximately 80 kilometres northwest of the Nelligan project jointly held by Iamgold Corp. (75 per cent) and Vanstar Mining Resources (25 per cent) (indicated resources: 1.99 million ounces; inferred resources: 3.6 million ounces; in accordance with Regulation 43-101 respecting information concerning mining projects).

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.

We seek Safe Harbor.