Midland Announces New Strategic Acquisition with NI-Cu-Co-PGE Potential in the Abitibi Region

Montreal, June 22, 2022. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the acquisition, by map designation, of 100% interest in 460 claims (260 km²) in the Abitibi region, between the towns of Amos and Matagami. This new strategic acquisition is also located approximately 60 kilometres west of the Copernick zone discovered by Midland in 2016 on the Laflamme JV project, which yielded grades up to 0.45% Ni, 0.33% Cu, 0.15 g/t Pt and 0.24 g/t Pd over 42.60 metres (core length) in drill hole LAF-16-38, from 446.50 to 489.10 metres (see press release by Midland dated April 14, 2016).

This new project, dubbed Nickel Square, extends over a total surface area of approximately 300 square kilometres with strong yet underexplored potential for Ni-Cu-Co-PGE. It covers the Maizerest Intrusions, a series of ultramafic intrusions that are locally associated with untested historical electromagnetic (INPUT) conductors. In the north part of the Nickel Square project, a historical grab sample collected by the “Ministère de l’Énergie et des Ressources naturelles du Québec” in ultramafic rocks of the Maizerest with minor sulphide mineralization yielded anomalous values of 0.20% Ni, 450 ppm Cu, 110 ppm Co, 117 ppb Pd and 68 ppb Pt.

Similar to the Copernick zone discovered by Midland further east, these ultramafic intrusions are hosted in dominantly mafic rocks assigned to the Vanier-Dalet-Poirier Group. These mafic-ultramafic assemblages are located approximately 10 kilometres north of the sedimentary Glandelet Formation, mainly composed of sandstones and graphitic mudrocks.

Midland is eager to begin exploration on the property with a prospecting campaign and a highresolution magnetic survey planned for this year.

Cautionary statement:

Note that grab and float sample grades may not be representative of mineralized zones.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Canada Inc., Rio Tinto Exploration Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, SOQUEM Inc., Osisko Development Corp., the 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 the Corporation portfolio and generate shareholder value.

This press release was reviewed and approved by Mario Masson, P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101.

For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer Tel.: 450 420-5977 Fax: 450 420-5978 Email: [email protected] Website: https://www.midlandexploration.com/

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

Abitibi Geology – Midland Projects

Jeremie MARTINIERE BUG LAKE DETOUR LAKE FENELON / TABASCO Casault Wallbridge Opt Fleuribleu Nomans

Sunday Lake Fault Lower Detour Fault Gaudet-Fenelon ZONE 58N Kenorland / Newmont Option Probe JV La Peltrie Probe Opt Lewis Adam Valmond LAC SHORTT

Mistaouac Jouvex NELLIGAN MOROY

CASA BERARDI Noyelles DOUAY

LAC ROSE VEZZA Lac Esther Nickel Square Ni-Cu Turgeon New acquisition Laflamme Abcourt JV

WINDFALL

Coigny BELL OSBOURNE GEANT DORMANT PERRON

BARRY Volcanics

Chicobi Fault Igneous rocks

Guyberry Sediments

Midland Projects

HOLT / MCDERMOTT BEATTIE Gold Mines, Projects FAYOLLE

Patris New Acquisition

ELDER LARONDE HORNE 5

WASAMAC WESTWOOD CROINOR Heva KIENA M-Cadillac GOLDEX Agnico Eagle JV Cadillac Fault GRANADA LAMAQUE CANADIAN MALARTIC Abitibi New Opportunities Ni-Cu-Co-PGE

Midland Nickel Square Ni-Cu Copernick Ni-Cu-PGE 0.45% Ni, 0.33% Cu, 0.15 g/t Pt, 0.24 g/t Pd over 42.6 m New Acquisition

Magneto Investments LP Dumont Ni Deposit Proven+Probable Reserves 1,028 MT @ 0.27% Ni

True thicknesses cannot be determined with the information currently available; intervals are thus reported in core length.

Nickel Square Geology – New Acquisition (Ni-Cu)

Ultramafics Rocks

New High-Grade Au 2016 Ni-Cu-PGE Discovery

Mafic Volcanics

Felsic Volcanics Sediments Ultramafics Coigny Mafic Intrusives 40 claims for 22 km² Felsic Intrusives Nickel Square Mag – New Acquisition (Ni-Cu)

High Mag = Ultramafics Rocks

New High-Grade Au Floats 2016 Ni-Cu-PGE Discovery

Coigny 40 claims for 22 km²

Nickel Square Mag – Untested Input Clusters

0.20% Ni, 450 ppm Cu, 110 ppm Co, 117 ppb Pd, 67.6 ppb Pt, 190 ppm Zn (MERN)

Nickel Square Ni-Cu New Acquisition 460 claims for 260 km²

Untested Input clusters