Mr. Gino Roger reports

MIDLAND AND SOQUEM REPORT NEW ASSAY RESULTS UP TO 27.60% CU AND 0.88 G/T AU ON THE MALACO MOUNTAIN COPPER-GOLD-RARE EARTH ELEMENT ZONE IN THE LABRADOR TROUGH

Midland Exploration Inc., in partnership with SOQUEM Inc., has released new assay results for the Malaco Mountain copper, gold and rare-earth elements (REE) zone discovered in June, 2025, in the Labrador trough (see press release dated Sept. 30, 2025). These results follow a rock sampling campaign conducted in September, 2025, and confirm the potential of this area. For many years, a reconnaissance program conducted under the strategic alliance in Nunavik has focused on the central part of the Labrador trough, identified as prospective for the discovery of economic copper mineralization.

Highlights:

• Two sampling transects, 10 and 13 metres long, were completed during an exploration campaign in September on the mineralized outcrop at Malaco Mountain;
• 10 samples with grades above 1 per cent Cu, reaching 27.60 per cent Cu and 0.88 gram per tonne Au (No. C1455754);
• Other commodities also associated with these samples, namely REE (rare-earth element) (up to 1.77 per cent REE), cobalt (up to 0.35 per cent Co (cobalt)) and silver (up to 32.40 g/t Ag).

In June, 2025, during a reconnaissance campaign in the Labrador trough, three samples were collected from an outcrop and graded as follows: (1) 31.60 per cent Cu, 6.92 g/t Au, 0.16 per cent REE; (2) 12.30 per cent Cu, 0.36 g/t Au, 0.57 per cent REE; and (3) 0.65 per cent Cu, 0.05 g/t Au, 0.39 per cent REE (see press release dated Sept. 30, 2025). A single day of follow-up work on this new copper-gold-REE showing named Malaco Mountain was carried out in September, 2025. The objective was to characterize the distribution and extent of mineralization on the outcrop and assess the economic potential of this discovery. Two sampling transects, perpendicular to the stratigraphy of the strongly mineralized sedimentary unit, were completed over lengths of 10 and 13 metres. A total of 25 grab samples were collected every metre along these transects. Best results obtained from these samples are listed in the attached table.

A total of 18 samples yielded grades above 0.1 per cent Cu, 10 of which were above 1 per cent Cu. Gold grades between 61 and 877 parts per billion Au are also associated with the latter, as well as REE locally grading up to 1.77 per cent, along with cobalt and silver. The chalcopyrite and malachite mineralization, hosted in altered siltstones and mudstones, is observed as disseminations parallel to bedding and spatially associated with fractures and breccias. Veining with massive pyrite, chalcopyrite, malachite, azurite and digenite is also observed. A follow-up field program will be planned in 2026 to define the extent of this mineralization.

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.

About the strategic alliance with SOQUEM

The strategic alliance enables Midland and SOQUEM to combine their efforts and expertise to jointly explore the excellent potential for gold and strategic minerals of the vast and underexplored Labrador trough. The area of interest defined under the alliance is located in Nunavik. Geologically, it covers the Labrador trough, the Rachel-Laporte zone and the Kuujjuaq domain. The area of interest extends from Schefferville in the south up to approximately 100 kilometres northwest of Kangirsuk. This agreement calls for investments in exploration reaching up to $5-million over a period of four years, with a firm commitment of $2-million within the first two years of the agreement. In March, 2023, a joint venture agreement between Midland and SOQUEM was executed to define the terms governing exploration and development work on the mining claims forming the Nachicapau property. In 2025, the alliance continued its exploration work in the Labrador trough and on the Nachicapau project with a joint annual budget of $1-million (50 per cent Midland and 50 per cent SOQUEM).

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., 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 (QP) within the meaning of National Instrument 43-101.

We seek Safe Harbor.