Mr. Gino Roger reports

MIDLAND AND SOQUEM ANNOUNCE THE DISCOVERY OF A NEW COPPER-GOLD-REE ZONE UP TO 31.60% CU AND 6.92 G/T AU IN THE LABRADOR TROUGH

Midland Exploration Inc. has discovered a new mineralized zone with copper, gold and rare earth elements in the Labrador Trough. For many years, a reconnaissance program conducted under the strategic alliance in Nunavik, Quebec, has focused, within the area of interest, on the central part of the Labrador Trough, identified as prospective for the discovery of economic copper mineralization.

Highlights:

• Discovery of a new copper-gold-rare-earth-element showing: three grab samples collected on outcrop graded: (1) 31.60 per cent copper, 6.92 grams per tonne gold and 0.16 per cent REE; (2) 12.30 per cent Cu, 0.36 g/t Au and 0.57 per cent REE; and (3) 0.65 per cent Cu, 0.05 g/t Au and 0.39 per cent REE;
• Other commodities such as cobalt (up to 0.20 per cent Co) and silver (up to 37.30 g/t Ag) are also associated with these samples;
• Acquisition by map designation of 36 exclusive exploration rights covering an area of 17.4 square kilometres;
• Results from a follow-up conducted during an exploration campaign in September are pending.

A half-day geological reconnaissance campaign was conducted in June, 2025, in an unexplored area of the Labrador Trough. The results of the three selected samples taken from the outcrop are presented in the table below.

The chalcopyrite and malachite mineralization, hosted in locally cherty siltstones and mudstones, is observed as disseminations parallel to bedding and spatially associated with fractures, breccias and shearing. Veining with massive pyrite, chalcopyrite, malachite, azurite and digenite is also observed. The extent of this mineralization is currently unknown. This is the first occurrence in the Labrador Trough combining copper-gold-REE-cobalt-silver at grades above thresholds established by the Ministere des Ressources Naturelles du Quebec. One day of follow-up work took place in September, 2025, to assess the economic potential of this discovery. Surface work including rock sampling was conducted, and results are pending.

Under the regional exploration program within the alliance's area of interest, this target was generated following compilation work highlighting the presence of shallow historical drilling conducted in 1962, which identified significant amounts of chalcopyrite (GM13648; MRNQ). No assay results are available for these drill holes, but the latter indicate that mineralization extends at depth.

This discovery led to the acquisition of a block of 36 EER covering an area of 17.4 square kilometres, which represents a new area of interest named Malaco Mountain under the alliance. This area, located approximately 70 kilometres south of the Nachicapau project, enhances the potential for copper, gold and REE in the central part of the Labrador Trough.

Quality control

Rock samples from the project are analyzed at Actlabs laboratories in Ancaster, Ont., by ICP-MS with four-acid digestion for metals and by standard fire assay on 50-gram fractions with atomic absorption finish for gold. Exploration programs are designed, and results are interpreted by qualified persons employing a quality assurance/quality control program consistent with industry best practices, including the use of standards and blanks for every 20 samples.

Cautionary statements

Grab samples are selective by nature and may not be representative of mineralized zones. Mineralization occurring at deposits and showings mentioned in this press release is not necessarily indicative of mineralization that may be found on projects held by Midland and mentioned in this press release.

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 Inc., BHP Canada Inc., Rio Tinto Exploration Canada Inc., Centerra Gold Inc., Agnico Eagle Mines Ltd., Wallbridge Mining Company Ltd., Probe Gold Inc., 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 exploration director Richard D. St-Cyr, PGeo, reviewed and approved this press release and the Malaco Mountain project data as Midland's qualified person within the meaning of National Instrument 43-101.

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