Midland Commences its 2026 Multiphase Exploration Program on the Caniapisc Au Project

Executive Summary

• Midland Exploration Inc. announced the commencement of a multiphase 2026 exploration program at its wholly owned Caniapisc Au project in Quebec.
• The program will execute prospecting, a 560-sample soil survey, and LiDAR/high-resolution imagery to target gold-bearing boulders, unexplained soil anomalies, and IP/EM geophysical targets.
• Previous exploration identified significant gold values (up to 24.5 g/t Au in grab samples) and unexplained IP chargeability anomalies in the southwestern sector, which are hypothesized to be the up-ice source of glacially transported Au-bearing boulders.

Key Details

• Project Tenure & Location: Caniapisc Au project is wholly owned, comprising 315 exclusive exploration rights (EERs) covering 159 square kilometres in the Ashuanipi Subprovince/Raynouard Complex, south of the Caniapiscau Reservoir.
• 2026 Program Components: Multiphase program includes prospecting near known gold-bearing boulders, follow-up on IP and EM anomalies near the surface, a 560-sample soil sampling survey, and LiDAR/high-resolution imagery to map outcropping areas.
• Geophysical Targets: Multiple unexplained IP chargeability anomalies identified in the southwestern survey area; absence of outcrops suggests these may be the source of glacially transported Au-bearing boulders found south/southwest in 2024-2025.
• Soil & Till Anomalies: Au anomalies detected in B-horizon soils near strong IP anomalies; 2025 till sampling confirmed historical 2014 gold-in-till anomalies.
• Previous Results (2025): Geological mapping, prospecting, soil sampling, and a 2,001-km magnetic/EM geophysical survey identified Au-Zn-Mn-Ag and Au-Zn-Ag-(Pb)-bearing boulders within a 2km radius up-ice from till anomalies. Sixteen selected grab samples returned >2.0 g/t Au, including a high of 24.5 g/t Au. An amphibolite outcrop in the SW returned 0.56 g/t Au.
• Data Status: Final evaluation of the 2025 magnetic and electromagnetic geophysical survey data is ongoing to better understand the project's geological and structural context.
• Qualified Person: Jean-François Larivière, P. Geo, Ph.D., prepared, reviewed, and approved the release and verified project data per National Instrument 43-101.