Mr. Gino Roger reports

MIDLAND CONTINUES TO DISCOVER NEW GOLD MINERALIZATION AT THE CANIAPISC AU PROJECT, JAMES BAY

Midland Exploration Inc. has released gold results from the September follow-up exploration program on the new discovery of gold, zinc and silver on its Caniapisc gold project in the Eeyou Istchee James Bay and Caniapiscau regions. The Caniapisc gold project is wholly owned by Midland and consists of 296 exclusive exploration rights (EERs) covering an area of 146 square kilometres.

Highlights:

• The September exploration program successfully identified several new gold-bearing boulders with a new maximum value of 24.5 grams per tonne gold obtained from a selected grab sample while following up the recent 2025 summer results.
• A total of 16 samples returned gold values exceeding 0.5 g/t, including eight values greater than 2.0 g/t Au.
• A selected grab sample assayed 0.56 g/t Au from an outcrop.
• A 2,001-kilometre magnetic and electromagnetic geophysical survey has been completed on the Caniapisc gold project.

The fall exploration program on the Caniapisc gold project was completed and included geological mapping, prospecting, a soil sampling program, and a magnetic and electromagnetic geophysical survey to follow up on the several recent gold-zinc-manganese-silver- and gold-zinc-silver-lead-bearing boulders identified during the 2025 summer program (see press release by Midland dated Sept. 9, 2025). Outcrops are sparse due to a cover of glacial deposits, so boulder prospecting is the effective exploration technique for this environment. A total of 111 selected grab rock samples and 112 soil samples were collected during the follow-up campaign. From these rock samples, eight show values greater than 2.0 g/t Au, eight are between 0.5 and 2.0 g/t Au, while 24 others returned values between 0.1 and 0.5 g/t Au. Only gold results have been received so far, so metallic assemblages will be further evaluated when all the other analyses are received. Soil samples results are also pending.

Samples with analytical values exceeding 2.0 g/t Au were collected from angular boulders. The maximum result of 24.5 g/t Au was obtained from a selected grab sample of a boulder of banded amphibolite. This specific boulder is located in the southern centre part of the project area, where during the previous prospecting campaign of the summer a similar boulder returned 2.76 g/t Au (see press release by Midland dated Sept. 9, 2025). Following up the anomalous gold-manganese results (3.94 g/t Au and 6.00 per cent manganese oxide) of the earlier summer campaign in the southern centre part of the project area, selected grab samples C563926, C56393 and C563985 respectively returned analytical results of 19.2, 11.9 and 3.50 g/t Au. Field observation of these new boulders suggests a garnet-rich intrusive host rock. Follow-up and resampling of the fuchsite boulder identified this summer returned a new value of 6.47 g/t Au in sample C563907. While boulders are mostly observed until now in the project area, an amphibolite outcrop in the southwestern part of the project returned a value of 0.56 g/t Au from a selected grab sample.

A 2,001-kilometre magnetic and electromagnetic geophysical survey covering the Caniapisc gold project was completed and reception of the final data is pending. This survey will be used to further understand the geological and structural context of the project and guide targeting for a 2026 exploration program.

About the Caniapisc gold project

The Caniapisc gold project lies south of the Caniapiscau reservoir and is geologically located within the Ashuanipi subprovince, a lesser-known-and-explored portion of the Archean Superior province. The project is more specifically located in the Raynouard complex, characterized by a 50 kilometre-long volcanosedimentary belt comprising bimodal volcanic sequences, metasedimentary rocks and iron formations. Historical exploration work, to the south of the Caniapisc gold project, highlights the potential of the Raynouard complex with the presence of volcanogenic copper-zinc-silver-gold and porphyry copper-gold-silver-molybdenum mineralization. The Caniapisc gold project is strategically located north of these showings, where a historical 2014 till sampling survey identified gold anomalies. Three till samples, located within the perimeter of the project, returned up to 41 pristine, 66 modified and nine remodelled gold grains, which, to the company's current knowledge, have not been followed up extensively (2014 public report GM67959; MRNF).

Quality control

Rock samples from the project were analyzed at Actlabs' laboratories in Ancaster, Ont., by ICP-MS with four-acid digestion for metals, and by standard fire assay on 30-gram fractions with atomic absorption finish for gold and by ICP-OES fusion for major elements (including manganese oxide). Soil samples are processed and analyzed at Actlabs' laboratories in Ancaster, Ont., by neutron activation (namely for gold) and ICP-OES with four-acid extraction (namely for zinc and manganese) after sieving to less than 177 microns. 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 alternate 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 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., Soquem Inc., 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 Midland's portfolio and generate shareholder value.

Qualified person and chief geologist Dr. Jean-Francois Lariviere, PGeo, PhD, prepared, reviewed and approved this press release and the project data as Midland's qualified person within the meaning of National Instrument 43-101.

We seek Safe Harbor.