Midland Provides an Overview of Its 2026 Exploration Activities for Its Gold and Copper-Gold Projects, Including Those with Its Partners

Executive Summary

• Midland Exploration outlines a $12 M (US‑$9.5 M Midland + US‑$2.5 M partner) 2026 exploration budget covering ~15,000 m of planned drilling across ten Quebec projects.
• Highlights include active diamond drilling at Jouvex, upcoming drilling with Wallbridge at Casault, airborne geophysical work on Gaudet‑Fenelon, and multiple follow‑up programs targeting gold, copper‑gold‑zinc and REE anomalies.
• The release details recent acquisitions, partnership structures, and specific exploration targets for each project, providing a comprehensive roadmap for 2026 field activities.

Key Details

• Budget & Scope – $12 M total 2026 budget; ~15,000 m of drilling planned across the portfolio.
• Jouvex (100% Midland) – Helicopter‑supported diamond drilling underway; program expanded to 1,900 m (six holes). Targets magnetic and IP anomalies linked to potential VMS mineralization.
• Casault (100% Midland, option with Wallbridge) – Wallbridge to drill ~3,000 m in Q2 2026 testing structural targets identified in 2024‑25 studies.
• La Peltrie (50% Midland / Probe JV) – Completed two MMI soil sampling programs (768 and 889 samples); anomalies correlate with IP signatures; further drilling pending.
• Gaudet‑Fenelon (50% Midland / Probe JV) – Airborne magnetic & gravity survey completed early 2026; results pending.
• Patris (100% Midland) – Completed 90 sonic holes (2,075 m) on public lands in 2024 and 108 holes (1,181 m) on private lands in 2025; data under internal review for target generation.
• Lewis (100% Midland / Barrick option) – Option terms: $250k cash + up to $3 M exploration funding (including $200k by 12/31/2028) for Barrick to earn 51% interest.
• Caniapisc Au (100% Midland) – 2025 work identified gold‑in‑till anomalies; grab samples returned up to 24.5 g/t Au; 2026 plans include prospecting, soil sampling, LiDAR and trenching.
• Lac Bernard & Viau (100% Midland) – Lake‑bottom sediment sampling confirmed Cu/Au and Zn/REE anomalies; follow‑up prospecting slated for 2026.
• Willbob (100% Midland) – Acquired Kan project in 2025, expanding to 742 rights (~340 km²). Historical drill hole WB‑19‑33 returned 1.81 g/t Au over 12.06 m; 2026 summer program under planning.
• Nachicapau (50% Midland / SOQUEM JV) – Multiple grab samples in 2022‑25 showed >1 % Cu, up to 39.9 % Cu and notable Ag/Au values; IP survey completed (20.45 km) for target refinement.
• Malaco Mountain (50% Midland / SOQUEM JV) – Grab samples returned up to 27.6 % Cu, 0.88 g/t Au, REE and Co enrichments; 2026 exploration program under development.

Notable Quotes

(No direct quotes were provided in the release.)