Midland Exploration Inc.

Midland Exploration Inc.

September 04, 2007 09:00 ET

Midland Exploration Sign an Important Agreement for the Gatineau Zinc Properties in Quebec

MONTREAL, QUEBEC--(Marketwire - Sept. 4, 2007) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to announce the signing of a letter of agreement with Breakwater Resources Ltd. ("Breakwater") for the Gatineau zinc properties, which are currently held 100% by Midland. The properties are located approximately 200 kilometres northwest of the city of Montreal.

Breakwater can acquire 50% of Midland's interest during a four-year period under the following conditions:

- Cash payment of $40,000 upon signing the agreement with additional payments of $210,000 for a total of $250,000 over four years.

- Exploration expenditures of $500,000 in the first year (firm commitment) with additional expenditures of $4,000,000 for a total of $4,500,000 over four years.

Midland will be the operator until completion of a positive pre-feasibility study. Upon acquiring a 50% interest, Breakwater will have the option to acquire an additional 15% interest by delivering a bankable feasibility study under the following conditions:

- Cash payment of $40,000 per year and a minimum of $200,000 of exploration work each year until the delivery of a bankable feasibility study within a four-year period.

This large land position including 19 new properties covers 347.6 km2 distributed in the Gatineau Area. The area is known to host many significant zinc occurrences and prospects in metamorphosed Middle-Proterozoic marbles of the Grenville Supergroup. The interest for this area is that those zinc occurrences share many similarities with significant zinc deposits, also hosted in Grenville metamorphosed limestones. The most prolific zinc deposits of this type are those of the Balmat-Edwards district in the United States located only 60 kilometres south of the Gatineau properties area. This active mining district, in production since 1915, is known to host a combined 43 million tonnes at near 10% zinc including other commodities.

Midland is confident that the Gatineau Area has an excellent potential to host new high grade, large tonnage Zn-Pb Sedex deposits as in the Balmat-Edwards District and looks forward to the start of its exploration program. The program will include either detailed stream sediment and soil geochemical surveys, geological mapping and prospecting and/or detailed mapping, trenching and drilling.

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 Myra Falls mine in British Columbia, Canada; the Langlois mine in north-western Quebec, Canada; the El Mochito mine in Honduras; and the El Toqui mine in Chile. Breakwater is listed on the TSX under the ticker BWR

About Midland

Midland's strategy to discover new gold and base metal deposits is based on Quebec's excellent mineral potential and favourable investment climate. Midland further intends to be pro-active in 2007 in the acquisition of new mineral exploration properties in Quebec. The Company recently acquired 100% interest in 8 new gold properties with Eleonore-type targets and 6 new properties over strong unexplained Molybdenum anomalies in the James Bay region. Management is currently considering other opportunities and other projects in order to expand the Company's portfolio. Midland prefers to work in partnership and intends to quickly secure new agreements to this effect for its properties acquired in 2007.

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.

Contact Information