Midland Exploration Inc. ('Midland') (TSX-V: MD), is pleased to announce the start of a drilling program on its Lewis gold project, 100% owned by Midland and located approximately 60 km southwest of the town of Chapais.

The drilling campaign, scheduled for early February 2024, consists of four (4) drill holes for a total planned 725 metres.

The drilling campaign will focus on new gold showings found by Midland since 2020, namely the Red Giant (up to 0.35 g/t Au over 9.0 metres in channel) and Golden Nest (up to 10.2 g/t Au (grab sample) and 0.65 g/t Au over 6.0 metres in channel). Induced polarization axes ('IP') are also targeted in the eastern projection of the Golden Nest Index.

The Red Giant showing is associated with a PP anomaly at the edge of a magnetic high. The gold-bearing zone, trending east-west, shows an increase in grades/thicknesses to the west of the zone stripped in 2020 and remains completely open in this direction.

The Golden Nest gold showing is directly associated with a IP anomaly that is coincident with a marked increase in resistivity and corresponds to a small outcrop with an area of approximately 10 square meters that is mineralized with 2 to 10% Py, The IP anomaly that is associated with this gold zone is followed over several hundred meters. Trenching was drilled west of the Golden Nest showing in 2022, but without intersecting the same mineralization. These IP anomalies continue eastward, and are in the vicinity of a north-northeasterly structure interpreted using the MAG, which could shift the level bearing the Golden Nest showing to the north (sinistral movement).

These two showings, spaced one kilometre apart, are located in sheared mafic volcanic rocks, and are characterized by the presence of numerous quartz-carbonate veins mineralized with pyrite and arsenopyrite locally. In addition, the mineralized zones are associated with a strong alteration of chlorite and ankerite. These gold-bearing zones, which are easily accessible by logging roads, have never been drilled in the past.

The Lewis property consists of 158 claims (87 km2) and covers a strategic position characterized by a regional flexure in the vicinity of the Guercheville-Opawica deformation corridor.

The property is located eight kilometres northeast of the former Shortt Lake mine (historical production: 400,000 ounces - source MERN-SIGEOM), and approximately 80 kilometres northwest of the Nelligan project jointly owned by IAMGOLD Corporation (75%) and Vanstar Mining Resources (25%) (indicated resources: 1.99 million ounces; inferred resources 3.6 million ounces: in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ('NI 43-101') communicated February 2023, source: IAMGOLD website).

Caution

Grab samples are selective in nature and the values presented are not necessarily representative of mineralized zones.

The true thickness of the mineralized zones intersected by the channels is not known with the information to date.

The mineralization found at the Nelligan and Shortt Lake gold deposits does not necessarily reflect the mineralization that may occur on the Company's Lewis property.

About Midland

Midland is capitalizing on Quebec's excellent mineral potential to discover new world-class gold and critical metal deposits. Midland is proud to count on renowned partners such as Barrick Gold Corp., BHP Canada Inc., Rio Tinto Exploration Canada Inc., Probe Gold Inc., Wallbridge Mining Company Ltd., Agnico Eagle Mines Limited, Electric Element Mining Corp., SOQUEM Inc., Brunswick Exploration Inc., Nuvavik Mineral Exploration Fund, Cosmos Exploration Ltd. and Abcourt Mines Inc. Midland prefers to work in partnership and intends to conclude agreements in this regard with respect to its newly acquired properties in the near future. Management is currently evaluating other opportunities and projects to enhance the Company's portfolio and create added value for its shareholders.

Contact:

Gino Roger

President and Chief Executive Officer

Tel: 450 420-5977

Fax: 450 420-5978

Email: info@midlandexploration.com

This press release contains certain forward-looking statements that involve elements of risk and uncertainty and there can be no assurance that such statements will prove to be accurate. As a result, actual results and future events could differ materially from those anticipated by such statements. These risks and uncertainties are described in Midland's Annual Report and in its filings with regulatory authorities.

(C) 2024 Electronic News Publishing, source ENP Newswire