Midland Exploration Inc. (Midland) announced that the discovery of high-grade gold-bearing boulders as well as new auriferous shear zones during a recent prospecting program on its Laflamme JV project. The Laflamme project is located approximately 25 kilometers northwest of the town of Lebel-sur-Quévillon in Abitibi, Quebec, and currently consists of 436 claims covering a total surface area of about 234 square kilometers. This project is a joint venture between Midland (77.9%) and Abcourt Mines Inc. ("Abcourt") (22.1%).

During a prospecting program conducted in late May 2022, a meter-scale angular erratic boulder was discovered approximately 700 meters southeast of the historical Notting Hill gold showing. This boulder graded 28.7 g/t Au and is characterized by an intense stock work of quartz-ankerite veins containing up to 15% pyrite mineralization. Another sample collected from a similar boulder located 1 meter apart yielded a grade of 6.0 g/t Au in a country rock completely altered to ankerite and containing 5% pyrite mineralization, which represents the stock work host rock.

Given the angular shape of this boulder and known glacial flow directions in this part of the Abitibi, the potential source of these erratic boulders is interpreted as being at a short distance to the NNE. The target area has never been drill-tested and corresponds to a magnetic low that remains untested over a distance of more than 1.5 kilometers. Prospecting also yielded several anomalous gold values on outcrops with grades between 0.1 and 1.0 g/t Au, in grab samples associated with new shear zones with strong carbonate alteration, supporting the gold potential in the vicinity of the discovery boulder.

This new favorable area is located approximately 700 meters southeast of the Notting Hill gold showing discovered in 2013 by Midland, which graded 0.34 g/t Au over 25.56 meters from 144.00 to 169.56 meters in hole LAF-13-21. In addition, this new discovery is located approximately 12 kilometers northwest of the Osborne-Bell deposit where Osisko Mining Inc. reported new drill intersections grading up to 37.0 g/t Au over 5.4 meters. During the coming field season, Midland is planning to conduct a soil sampling program, an induced polarization survey, as well as mechanical stripping to help locate the source of the gold-bearing boulders.

Mineralization occurring at the Osborne-Bell deposit is not necessarily indicative of mineralization that may be identified on the Laflamme property. True thicknesses cannot be determined with the information currently available; intervals are thus reported in core length.