Mr. Gino Roger reports

MIDLAND COMMENCES AN INDUCED POLARIZATION GEOPHYSICAL SURVEY ON ITS CANIAPISC AU PROJECT

Midland Exploration Inc. has started an induced polarization ground (IP) geophysical survey on its Caniapisc Au (gold) project in the Eeyou Istchee James Bay and Caniapiscau regions. The Caniapisc Au project is wholly owned by Midland and consists of 315 exclusive exploration rights (EERs) covering an area of 159 square kilometres (km).

Highlights:

• The 2025 exploration programs successfully identified several gold-bearing boulders, with a maximum value of 24.5 grams per tonne (g/t) Au on a selected boulder grab sample (see news release by Midland dated Oct. 28, 2025);
• Start of a 24-line-kilometre ground IP geophysical survey covering part of the southern part of the project where several mineralized boulders were identified in 2025.

The 24-line-kilometre IP geophysical survey will cover the lake north of the gold-in-till anomalies (see news release by Midland dated May 20, 2025) in the southern part of the project and extend northward to cover gold-bearing mineralized boulders identified in 2025 (see news releases by Midland dated Sept. 9, 2025, and Oct. 28, 2025). The objectives of this first IP survey by Midland are to generate exploration targets and gather bedrock information for the upcoming summer exploration program. The upcoming programs in preparation include a follow-up prospecting and geological mapping program, a soil sampling program to complete the coverage of the project, and an airborne lidar (light detection and ranging) survey. Summer mechanical trenching is also currently being evaluated.

Caniapisc Au project

The Caniapisc Au 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 Au project, highlights the potential of the Raynouard complex with the presence of volcanogenic Cu-Zn-Ag-Au (copper-zinc-silver-gold) and porphyry Cu-Au-Ag-Mo (copper-gold-silver-molybdenum) mineralization. The Caniapisc Au project is strategically located north of these showings, where a historical 2014 till sampling survey identified gold anomalies. Results from five till samples in 2025 confirm the historical gold-in-till anomalies (see news release by Midland dated May 20, 2025).

The 2025 exploration programs on the Caniapisc Au project included geological mapping, prospecting, soil sampling, and a magnetic and electromagnetic geophysical survey. These programs successfully identified several Au-Zn-Mn-Ag (gold-zinc-manganese-silver) and Au-Zn-Ag-(Pb)-bearing (gold-zinc-silver-(lead)) boulders within a two-kilometre radius up-ice from gold-in-till anomalies where 16 selected grab samples yielded values greater than 2.0 g/t Au, including a sample returning 24.5 g/t Au (see news releases by Midland dated Sept. 9, 2025, and Oct. 28, 2025). 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 (see news release by Midland dated Oct. 28, 2025). A 2,001-kilometre magnetic and electromagnetic geophysical survey covering the Caniapisc Au project was completed and the final data are being evaluated to further understand the geological and structural context of the project.

Cautionary statements

Grab samples are selective by nature and reported values are not necessarily indicative of mineralized zones.

Mineralization occurring at deposits and former mines mentioned in this news release is not necessarily indicative of mineralization that may be intersected on projects held by Midland described in this news 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 Rio Tinto Exploration Canada Inc., BHP Canada Inc., Centerra Gold Inc., Barrick Mining Corp., Agnico Eagle Mines Ltd., Wallbridge Mining Company Ltd, Fresnillo PLC, 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 Jean-Francois Lariviere, PGeo, PhD, prepared, reviewed and approved this news release and verified the project data as Midland's qualified person (QP) within the meaning of National Instrument 43-101.

We seek Safe Harbor.