Mr. Gino Roger reports

MIDLAND, IN PARTNERSHIP WITH FRESNILLO, COMMENCES AN AIRBORNE GRAVITY GRADIOMETER SURVEY ON THE LA PELTRIE PROJECT

Midland Exploration Inc. has started an airborne gravity gradiometer geophysical survey on the La Peltrie project, in northern Abitibi in the Detour area. The La Peltrie project is operated by Fresnillo Canada, is owned 50 per cent by Fresnillo and 50 per cent by Midland, and consists of 540 exclusive exploration rights (EERs) covering an area of 291 square kilometres.

Highlights:

• Start of a 5,165-line-kilometre airborne gravity gradiometer survey on the La Peltrie project, covering the entire project, including the 2022-2023 Cu-Au-Ag-Mo (copper-gold-silver-molybdenum) mineralization intersected by drilling (see news release by Midland dated Jan. 23, 2024).

The airborne gravity gradiometer geophysical survey will be conducted by XCalibur using its Falcon AGG system for a total of 5,165 line kilometres and covering entirely the project, including the 2022-2023 Cu-Au-Ag-Mo mineralization intersected by drilling (see news release by Midland dated Jan. 23, 2024). High-resolution magnetic data collection is included in the system. The objective of this survey is to refine the geological and structural knowledge of the project by having a better understanding of the bedrock geology underlying important areas of glacial deposit cover. The gravity gradiometer survey detects differences in rock density and can potentially map the lithological packages present on the project.

This survey will provide further geological data that will be used to generate new exploration targets in the Cu-Au-Ag-Mo mineralization area and also for gold at the project scale. Results are pending.

La Peltrie project

The La Peltrie project is located 15 kilometres southeast of Agnico Eagle's zone 58N gold deposit and approximately 25 kilometres west of the former Selbaie mine. The 2022 Cu-Au-Ag-Mo mineralization intersected by drilling was extended in 2023 (see news release by Midland dated Jan. 23, 2024). In 2024, an MMI (mobile metal ion) soil sampling program totalling 768 samples was completed at the spacing of 50 to 100 metres and along lines separated at 200 to 400 metres. The grid covers the Cu-Au-Ag-Mo mineralization area and extends northward to the southern contact with the Carheil intrusion (see news release by Midland dated Dec. 10, 2024). In 2025, a second MMI soil sampling program totalling 889 samples was completed on the project.

The soil sampling program successfully identified the Cu-Au-Ag-Mo mineralization area and also suggests extension towards the west. Some anomalies correlate with IP anomalies from the geophysical survey conducted in March, 2024, and have yet to be drill tested. Moreover, SRK Consulting performed a structural analysis of the high-resolution aeromagnetic survey conducted in 2020 to improve the structural and geological understanding of the copper mineralized zone.

Cautionary statements

The true thickness of reported drilling mineralization cannot be determined with the information currently available.

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 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 Fresnillo PLC, Rio Tinto Exploration Canada Inc., BHP Canada Inc., Centerra Gold Inc., Barrick Mining Corp., Agnico Eagle Mines Ltd., Wallbridge Mining Company Ltd., 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 vice-president, exploration, 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.