Midland Exploration Inc.

Midland Exploration Inc.

May 08, 2008 11:00 ET

Adrian Day Asset Management Clients Now Own Over 5% of the Shares Outstanding in Midland Exploration Inc.

MONTREAL, QUEBEC--(Marketwire - May 8, 2008) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to announce that Adrian Day Asset Management clients now own over 5% of the shares outstanding in Midland Exploration Inc. The firm has been buying for clients steadily for almost a year.

Mr. Day said in a recent press release that he was very impressed with the expert and enthusiastic management, as well as the methodical approach to the exploration business. In just over a year, Midland has signed several joint venture agreements with senior companies in both gold and base metals (including Agnico-Eagle and Breakwater); it is well-funded; and is well positioned for exploration success in the years ahead. "The prospect-generator business model which it follows also limits the downside," he added.

Mr. Day also mentioned that Midland has a market cap of just over C$12 million, which means the company flies under the radar for many investors, "but this also presents us with the great opportunity," he added. "We are very comfortable with our position and believe it could be a big winner for us." he finally stated.

Adrian Day Asset Management (http://adriandayassetmanagement.com) is the business name of Global Strategic Management, a "boutique" asset-management firm founded by Adrian Day in 1991. The firm was created to serve the needs of individuals, families and small institutions who believe in the merits of investing with a global, value perspective. Adrian Day provides a broad international investment expertise from many fields to its investors, especially in the mining industry. He carefully performs his own research to select the best potential opportunities for his investors.

Adrian Day's original press release can be found on Midland's Web site.

About Midland Exploration

Midland targets the excellent mineral potential and the favourable climate of investment of Quebec to make the discovery of new world class deposits of gold, base metals and uranium.. Midland is proud to count on famous partners such as Agnico-Eagle Mines Ltd, Breakwater Resources Ltd, Soquem Inc. and Quest Uranium Corporation. The Company quickly executed its business plan during the second half of the year 2007 by signing four important agreements adding up to nearly $16,000,000 in work and payments of up to $1,000,000 over four years. Midland is currently evaluating other opportunities and other projects in order to increase the portfolio of the Company. Midland prefers to work in partnership and intends to conclude quickly additional agreements in regard to lately acquired properties.

Gino Roger, P. Eng., is the qualified person who has reviewed the content of this news 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. Midland undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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