Midland Exploration Inc.
TSX VENTURE : MD

Midland Exploration Inc.

June 26, 2008 09:00 ET

Midland Exploration Commences First Drilling Program on Weedon

MONTREAL, QUEBEC--(Marketwire - June 26, 2008) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) in partnership with Breakwater Resources Ltd. is pleased to announce the commencement of its first diamond drilling program on the Weedon Project. This wholly-owned Midland project is located about 120 kilometres south of Quebec City.

Several new VTEM targets identified

The drilling program by Midland will include five holes totalling 1,200 metres of drilling. The main purpose is to test new electromagnetic targets defined in the fall of 2007, during a helicopter-borne VTEM survey. In this survey, several previously unknown conductors were detected, including some at greater depths than the maximum depth penetration of previously used conventional systems. A detailed helicopter-borne VTEM survey was recently completed over these new anomalies to better define drill targets. These new conductors were detected on several flight lines and generally show a good magnetic association, typical of most historic massive sulphide deposits in the area. Planned drillholes should test these targets at vertical depths ranging from 100 to 200 metres. One hole will also be drilled along the southwestern extension of the former Weedon mine (1.6 Mt at 2.33% Cu, 0.86% Zn and 0.56 g/t Au) to test an iron formation horizon along the favourable contact, at about 200 metres vertical depth.

The Weedon property consists of 340 claims totalling approximately 163 km2. It covers more than 30 kilometres strike length of favourable stratigraphy in the Ascot-Weedon volcano-sedimentary belt. The latter hosts several volcanogenic massive sulphide (VMS) deposits, including former mines Cupra-d'Estrie (2.43 Mt at 2.74% Cu, 3.28% Zn, 38 g/t Ag and 0.5 g/t Au), Solbec (2.06 Mt at 1.57% Cu, 4.57% Zn, 0.68% Pb, 48.6 g/t Ag and 0.61 g/t Au) and Weedon (1.6 Mt at 2.33% Cu, 0.86% Zn and 0.56 g/t Au). The belt is composed of Lower Ordovician mafic and felsic volcanic rocks of mixed tholeiitic and calc-alkaline affinity. Many similarities can be established between this belt and other prolific VMS mining camps, namely Bathurst in New Brunswick and Buchans in Newfoundland.

Breakwater may earn 50% of Midland's interest in the property, by spending a total of $3,000,000 in exploration work and making payments totalling $200,000 over three years. Midland will be project operator until the completion of a positive pre-feasibility study. Upon acquiring a 50% interest, Breakwater may earn an additional 15% interest upon delivery of a bankable feasibility study, and by paying Midland $40,000 per year. Moreover, Breakwater must incur a minimum of $200,000 per year in exploration expenditures on the property until the delivery of the feasibility study.

About Breakwater

Breakwater is a mineral resource company engaged in the acquisition, exploration, development and mining of base metal and precious metal deposits in the Americas. Breakwater has four producing zinc mines: the El Mochito mine in Honduras; the El Toqui mine in Chile; the Langlois mine in northwestern Quebec, Canada; and the Myra Falls mine in British Columbia, Canada. Breakwater is listed on the TSX under the ticker BWR.

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 Mines Limited, 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.

This press release was prepared by Gino Roger, geological engineer and a Qualified Person as defined by NI 43-101.

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.

Contact Information