Midland Exploration Inc.
TSX VENTURE : MD

Midland Exploration Inc.

October 06, 2015 08:30 ET

Midland Announces the Discovery of a New Gold Bearing Corridor on the Willbob Project in the Labrador Through

MONTREAL, QUEBEC--(Marketwired - Oct. 6, 2015) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to announce having found a new gold bearing corridor during a recent reconnaissance sampling program on its Willbob project owned 100% by Midland. Assay results from thirty samples collected along a new altered sheared zone confirm presence of gold with ten values greater than 3.0 grams per tonnes (« g/t Au ») reaching up to 25.2 g/t Au.

The NNW-SSE sheared zone, traceable over at least 300 metres long by 25 metres wide, is marked by quartz-albite injections traversed by multiple massive and millimetric arsenopyrite veinlets into a silicified, ankeritized and hematized felsic intrusion with disseminated arsenopyrite and pyrite in its walls. The assays results from selected grab samples coming from this new mineralized plurimetric zone named Golden Tooth are given below.

Sample Method Sample
Number Au-AA (g/t) Au-GRA (g/t) Number Au-AA (g/t)
R147992 >10.0 25.2 R147995 1.72
R147997 6.29 5.72 R147994 1.63
R147987 6.15 6,89 R146991 1.46
R147991 4.66 4.84 R147990 1.26
R146989 3.95 2.67 R146978 1.025
R147983 3.88 4.53 R146990 0.938
R147984 3.54 3.4 R146987 0.919
R146977 3.52 4.87 R146982 0.268
R147996 3.48 3.34 R146992 0.235
R147988 3.42 3.33 R146988 0.213
R146983 2.72 R147989 0.19
R146984 2.68 R146980 0.102
R146986 2.36 R146985 0.096
R147986 1.98 R146979 0.091
R147985 1.915 R146981 0.006

This never drilled new auriferous corridor is located 2 kilometres west of the corridor formed by the Kuni (up to 19.8 g/t Au), Lafrance (up to 21.9 g/t Au) and Polar Bear Showings (up to 6.4 g/t Au). Historical prospecting in the Kuni Showing area, has led to the discovery of several gold showings returning up to 19.8 and 9.8 g/t Au from selected grab samples. Midland's 2015 field program led to the discovery of 2 new showings with 1.25 and 77.6 g/t Au respectively located 500 metres and 850 metres south of the Kuni Showing. Closer and located between the two historical high grades samples, a new polymetallic showing was also identified with grab sample that returned 1.17 g/t Au, 132 g/t Ag, 8.47% Pb and 7.11% Zn. Following that recent work by Midland, several of these above mentioned showings were channel sampled or were subject to additional prospecting. More than 150 samples were sent for analyses and the results are pending.

Thus far, like orogenic deposits, these showings features strong iron carbonates, fushchite (chromitic mica) and silicate alterations with arsenopyrite, chalcopyrite, pyrrhotite and pyrite disseminations observed over 5 to 100 metres width and traceable over more than 10 kilometres.

Owned 100% by Midland, the Willbob Project comprises 268 new claims covering a surface area of 118 square kilometres and located some 70 kilometres west of Kuujjuaq, Québec. Midland maintains a lot of hope for this project and is planning to resume exploration next year with geological mapping, channel sampling and further prospecting on the new claims.

Maps showing the location of the new Willbob showings may be consulted using the following link: http://media3.marketwire.com/docs/Figure_Willbob_oct2015.pdf.

Quality Control

All analysis are performed by ALS Minerals in Vancouver, B.C. while the samples were prepared in Val-d'Or, Québec. All samples has been analysed for platinum, palladium and gold by fire assay with an ICP final over a 30g fraction whereas copper and nickel analysed by ICP following a four-acids digestion. Certified standards and blanks were inserted regularly among the steam of samples for verification and QA/QC. The data is reviewed by Robert Banville, senior geologist for Midland Exploration and a qualified person as defined by National Instrument 43-101.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, PGE, base metals and rare earth elements. Midland is proud to count on reputable partners such as Teck Resources Limited, Agnico Eagle Mines Limited, Japan Oil, Gas and Metals National Corporation, SOQUEM Inc. and Sphinx Resources. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.

This press release was prepared by Robert Banville, senior geologist for Midland and Qualified Person as defined by NI 43-101. For further information, please consult Midland's website or contact:

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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