Mr. Gino Roger reports

MIDLAND EXPLORATION COMPLETES A FIRST TRANCHE OF $2.2 MILLION PRIVATE PLACEMENT

Midland Exploration Inc. has completed a first tranche of a non-brokered private placement by issuing 4,903,333 units of Midland at a price of 45 cents per unit for aggregate gross proceeds of $2,206,500. Each unit consists of one common share and one warrant. Each warrant entitles the holder to purchase one common share of Midland at a price of 65 cents for a period of two years from the date of issuance.

This private placement has attracted strategic investors, including Rick Rule, MJG Capital Fund LP and Metallum Capital LLC, several of which have previously supported Midland. Their participation further strengthens Midland's shareholder base and positions the corporation for continued growth. Midland paid a cash finder's fee of $20,000 (U.S.) ($27,372 (Canadian)) on the first tranche to Sprott Global Resource Investments Ltd.

The securities issued and issuable under the private placement are being offered on a private placement basis to accredited investors and other eligible purchasers: (i) in all provinces of Canada pursuant to applicable prospectus exemptions; (ii) in the United States pursuant to exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended; and (iii) in such offshore jurisdictions as may be agreed by Midland pursuant to available exemptions under applicable securities laws. Unless otherwise exempted, all securities issued under the private placement will be subject to a statutory hold period of four months and one day from the applicable closing date (Sept. 12, 2026, for securities issued as part of the first tranche), in accordance with Canadian securities legislation.

Midland will use the private placement proceeds to finance its exploration plan and for general corporate purposes.

The closing of the second tranche of the private placement is anticipated to occur no later than the end of May, 2026. In connection with this private placement, Midland may issue units in an aggregate amount of up to $4-million. The completion of the private placement is subject to customary closing conditions and regulatory approvals, including the approval of the TSX Venture Exchange.

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 Gold Corp., Agnico Eagle Mines Ltd., Wallbridge Mining Company Ltd., Fresnillo PLC, Electric Element 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.

We seek Safe Harbor.