Midland Exploration Inc.

Midland Exploration Inc.

December 24, 2008 15:30 ET

Midland Exploration Announces Completion of Private Placement

MONTREAL, QUEBEC--(Marketwire - Dec. 24, 2008) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to announce that it has completed a flow-through private placement for aggregate gross proceeds of $415,000, at a price of $0.50 per share, with accredited investors, directors and officers. This placement will be used for exploration of new generated gold properties located in Quebec, which will be done in 2009.

About Midland Exploration

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 uranium. Midland is proud to count on reputable partners such as Agnico-Eagle, Soquem Inc. and Quest Uranium Corporation. Midland prefers to work in partnership and intends to conclude quickly additional agreements in regard to lately acquired properties. Midland is currently evaluating other opportunities and other projects in order to increase the portfolio of the Company.

This press release was prepared by Gino Roger, geological engineer and a 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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