Mr. Gino Roger reports

MIDLAND COMMENCES ITS 2026 MULTIPHASE EXPLORATION PROGRAM ON THE CANIAPISC AU PROJECT

Midland Exploration Inc. has started a multiphase exploration program 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 (EER) covering an area of 159 square kilometres.

Highlights:

• The 2026 exploration program includes further prospecting near the identified gold-bearing boulders, with a maximum value of 24.5 grams per tonne Au on a selected boulder grab sample (see press release by Midland dated Oct. 28, 2025).
• Prospecting planned along IP and EM anomalies, near the surface.
• A planned 560 samples soil sampling survey will follow up on 2025 soil anomalies and further cover unexplored parts of the project.
• Lidar (light detection and ranging) and high-resolution imagery will aid in identifying outcropping areas.

The multiphase 2026 exploration program includes prospecting, soil sampling and a lidar and high-resolution imagery survey. The two phases prospecting program will target the 2025 gold-bearing mineralized boulders area (see press releases by Midland dated Sept. 9 and Oct. 28, 2025), unexplained soil anomalies, electromagnetic (EM) airborne anomalies and recently identified induced polarization (IP) anomalies (see press release by Midland dated May 28, 2026).

Several IP chargeability anomalies were found in the southwestern part of the survey (see press release by Midland dated May 28, 2026). These anomalies are unexplained, due to the absence of outcrops in this area. However, several glacially transported gold-bearing boulders were found to the south and southwest of these anomalies in 2024 to 2025 (see press releases by Midland dated Sept. 9 and Oct. 28, 2025), which could suggest these boulders originate from these up-ice IP anomalies. Several Au anomalies in B-horizon soils are also found close to these strong IP anomalies. These combined features suggest potential exploration targets for gold to be followed up. The 2025 airborne survey also identified electromagnetic anomalies that will be followed up (see press release by Midland dated May 28, 2026).

The soil sampling program includes a total of 560 planned samples that will follow up on unexplained soil anomalies and further cover unexplored parts of the project to identify new exploration targets. The airborne lidar and high-resolution imagery survey will aid in identifying outcropping areas.

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 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 press 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-bearing) 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 press releases by Midland dated Sept. 9 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 press 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 press release is not necessarily indicative of mineralization that may be intersected on projects held by Midland described in this press release.

About Midland Exploration Inc.

Midland targets the mineral potential of Quebec to make the discovery of new 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 press release and verified the project data as Midland's qualified person (QP) within the meaning of National Instrument 43-101.

We seek Safe Harbor.