Midland Exploration Inc.
TSX VENTURE : MD

Midland Exploration Inc.

March 31, 2010 09:00 ET

Agnico-Eagle Midland Exploration’s Partner Commence a New Drilling Program on Maritime-Cadillac Property

MONTREAL, QUEBEC--(Marketwire - March 31, 2010) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to announce that Agnico-Eagle Mines Limited ("Agnico-Eagle") is starting a new important drilling program totalling more than 4,200 metres on the Maritime-Cadillac Property. The Maritime-Cadillac Property is contiguous to the Lapa gold mine property (800,000 ounces of gold in proven and probable reserves, with 3.2 million tonnes at 8.2 g/t Au), where commercial production was achieved in May 2009 (Source: Agnico-Eagle Financial Statements released February 17, 2010). Agnico-Eagle is currently trying to increase their undivided interest on the Maritime-Cadillac property. They will have the possibility to earn a 1% additional interest by spending an additional $1,000,000 on the project (up to 15% by spending $15 millions).

This new drilling program on the Maritime-Cadillac Property will include six (6) drill holes for a total of 4,200 metres, in the central and northern parts of the property, to test all komatiitic schist units, including the Komatiite-East unit that hosts the Contact Maritime East Zone. The contacts between komatiitic rocks and dykes contained in these units constitute the most prospective gold traps.

Four (4) of the six drill holes planned will test the Contact Maritime East Zone at a vertical depth of 600 metres over a lateral distance of 250 metres, whereas the two remaining holes will test the same zone, but under the Maritime-Cadillac deposit at 400 metres vertical depth. Note that the top of the Lapa ore deposit, located about 1.5 kilometres northeast, sits at about 400 metres vertical depth.

Significant grades up to 3.3 g/t Au over 14.65 metres, including 6.1 g/t Au over 5.65 metres, were intersected in 2008 along the Contact Maritime East horizon in drill hole 141-08-14B. Two (2) of the holes drilled in this program will test the potential down-plunge extensions of this mineralized zone toward the north and south. The Dyke East and Dyke West structures, discovered further west, will also be tested during this drilling program.

Terms of the Exploration Agreement

On June 1, 2009, Agnico-Eagle Mines fulfilled all its obligations under the June 1, 2006 agreement and has acquired a 50% undivided interest in the Maritime-Cadillac property. Agnico-Eagle paid $100,000 and completed $1,000,000 of exploration work from fiscal 2006 to fiscal 2009. The company will also have the option to increase its undivided interest in the property from 50% to 65% over a period of 3 years, by solely financing a bankable feasibility study or by solely assuming all mining operations on the Maritime Cadillac Property, earning 1% additional interest for every $1,000,000 spent on the property (up to 15% by spending $15 million).

About Midland

Midland targets the excellent mineral potential and the favourable investment climate of Quebec to make the discovery of new world-class deposits of gold, base metals and REE. Midland is proud to count on reputable partners such as Agnico-Eagle Mines Limited, Japan Oil, Gas and Metals National Corporation, Osisko Mining Corporation, North American Palladium Limited and Soquem Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Midland is currently evaluating new opportunities and other projects in order to increase the portfolio of the Company.

This press release was prepared by Mario Masson, Vice-president Midland, registered geologist and Qualified Person as defined by NI 43-101.

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.

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