Midland begins IP geophysical survey at Caniapisc

Executive Summary

• Midland Exploration Inc. has commenced a 24-line-kilometre ground induced polarization (IP) geophysical survey on its wholly owned Caniapisc Au project in Quebec.
• The survey targets the southern portion of the project, specifically covering a lake north of gold-in-till anomalies and extending northward to cover gold-bearing mineralized boulders identified during 2025 exploration programs.
• The primary objective is to generate exploration targets and gather bedrock information to guide upcoming summer activities, including prospecting, soil sampling, airborne lidar, and potential mechanical trenching.

Key Details

• Survey Scope: 24-line-kilometre ground IP geophysical survey.
• Location: Southern part of the Caniapisc Au project, covering the lake north of gold-in-till anomalies and extending northward to gold-bearing mineralized boulders.
• Project Assets: 315 exclusive exploration rights (EERs) covering 159 square kilometres.
• 2025 Exploration Highlights:
  • Identification of several gold-bearing boulders.
  • Maximum grab sample value: 24.5 grams per tonne (g/t) Au.
  • 16 selected grab samples yielded values greater than 2.0 g/t Au.
  • One amphibolite outcrop in the southwestern part returned 0.56 g/t Au.
  • Identification of Au-Zn-Mn-Ag and Au-Zn-Ag-(Pb)-bearing boulders within a two-kilometre radius up-ice from gold-in-till anomalies.
• Previous Geophysical Work: A 2,001-kilometre magnetic and electromagnetic geophysical survey was completed, with final data currently being evaluated.
• Upcoming Programs:
  • Follow-up prospecting and geological mapping.
  • Soil sampling to complete project coverage.
  • Airborne lidar survey.
  • Evaluation of summer mechanical trenching.
• Geological Context: Project is located in the Raynouard complex (Ashuanipi subprovince, Archean Superior province), characterized by a 50-kilometre-long volcanosedimentary belt. Historical exploration to the south highlights potential for volcanogenic Cu-Zn-Ag-Au and porphyry Cu-Au-Ag-Mo mineralization.

Notable Quotes

• No direct quotes from management were included in the provided text.