Mr. Gino Roger reports

MIDLAND, IN PARTNERSHIP WITH RIO TINTO EXPLORATION CANADA, RESUMES DRILLING FOR LITHIUM ON THE GALINÉE PROJECT

Midland Exploration Inc., in partnership with Rio Tinto Exploration Canada Inc. (RTEC), has started a second drilling campaign for lithium on the Galinee project. The Galinee project is located approximately five kilometres east of the Adina lithium deposit held by Winsome Resources, is wholly owned by Midland, and is subject to an option agreement signed with RTEC in June, 2023 (see press release by Midland dated June 14, 2023), and amended in April, 2024 (see press release by Midland dated April 23, 2024).

Highlights:

• $5.2-million approved for the first phase of drilling of 2025;
• This second drilling program to start in March with RC (reverse circulation) drilling followed by the addition of a diamond drill in April;
• Drilling to (1) follow-up on some of the best intersections from 2024 which remain open and to be tested further and (2) stepout throughout the property to test structural targets;
• High-resolution (low level) drone magnetics will be flown throughout the property in March.

Galinee 2024 drilling program

The 2024 drilling program on Galinee consisted of 21 diamond drill holes and seven reverse circulation (RC) drill holes totalling 6,284.86 metres, out of which 819.92 metres were reverse circulation drilling. The objectives were to test the 2023 Iceberg showing area with diamond drilling while using reverse circulation drilling to test conceptual, prospecting and geophysical targets. The drilling campaign mainly focused on the Iceberg showing and also the White Stripes, Surge, Snow Fox and White Lightning showings (see press release by Midland dated Oct. 24, 2024). Surface geological mapping combined with drilling has identified a series of at least seven, metre to decametre-scale, spodumene pegmatite bodies. Drill results from holes TLIB0014, TLIB0018, TLIB0022, TLIB0023 and TLIB0026 suggest extension of the Iceberg showing to the east, while hole TLIB0020, furthermore, suggests extensions toward the west. The highlight result thus far returned core length interval composites of 1.38 per cent Li2O over 37.86 metres, including 1.88 per cent Li2O over 21.35 metres, in hole TLIB0007. Hole TLIB0026 returned 1.03 per cent Li2O over 32.87 metres and hole TLIB0018 returned up to 1.46 per cent Li2O over 27.34 metres (see press release by Midland dated Dec. 19, 2024). The best results from the 28 drill holes are summarized in the attached table.

Correlations in sections suggest that the spodumene pegmatite bodies dip shallowly, typically less than 30 degrees and are often observed as stacked sets in the drill holes -- the drilling commonly intersected multiple mineralized pegmatite bodies with variable thickness detailed structural studies with RTEC experts is continuing. These are being fed into updating the geological models. Mineralogical studies show that the major lithium phase at Iceberg is spodumene with minor muscovite and cookeite alteration. Minor petalite is present, and holmquistite is often present in the amphibolitic country rock adjacent to pegmatites. The spodumene pegmatite bodies remain open along strike and to depth, and more drilling will be necessary to more precisely determine their geometry and extension.

Drilling is planned to resume in March, 2025, with a first phase budget of $5.2-million approved for a combination of diamond and RC drilling. Drilling will commence with RC drilling, followed by the addition of a diamond drilling rig in April. Drilling plans for June onwards will be results driven. Early metallurgical tests are also being evaluated on select core sections using LIBS scanning to identify and quantitatively determine grain size and the lithium mineralogy.

About the Galinee project

The Galinee project is located approximately five kilometres due east of the Adina deposit (consolidated mineral resources of 61.4 million tonnes (Mt) at 1.14 per cent Li2O indicated and 16.5 Mt at 1.19 per cent Li2O inferred, see press release by Winsome dated May 28, 2024) held by Winsome. This deposit is located at the contact between amphibolites of the Trieste formation to the south and felsic intrusives to the north and is marked by a major structure that likely controlled the emplacement of pegmatites at Adina. The same highly favourable contact zone is present on the Galinee property over more than seven kilometres, and the Iceberg lithium showing was discovered along this contact (see press release by Midland dated Sept. 19, 2023).

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 Soquem, BHP Canada Inc., Rio Tinto Exploration Canada Inc., Barrick Gold Corp., Wallbridge Mining Company Ltd., Probe Gold Inc., Agnico Eagle Mines Ltd., Electric Elements Mining Corp., Nunavik Mineral Exploration Fund 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 portfolio and generate shareholder value.

Qualified person and chief geologist

Jean-Francois Lariviere, PGeo, PhD, prepared this press release and verified the Galinee project data as Midland's qualified person (QP) within the meaning of National Instrument 43-101.

We seek Safe Harbor.