Midlands Minerals Corporation
TSX VENTURE : MEX

Midlands Minerals Corporation

December 07, 2010 08:30 ET

Midlands Minerals Retains Merriman Capital to Pursue Listing on the OTCQX

TORONTO, ONTARIO--(Marketwire - Dec. 7, 2010) - Midlands Minerals Corporation ("Midlands" or the "Company") (TSX VENTURE:MEX) announced, today, that the Company has retained financial services firm Merriman Capital, Inc. to pursue a listing on the OTCQX. Midlands Minerals Corporation currently trades on the TSX Venture Exchange under the ticker symbol MEX and a dual listing on the OTCQX would broaden the market to include investors in the United States.

The OTCQX is a premium market tier known within the industry for maintaining rigid listing standards for the growth oriented companies that trade on its exchange. Pending approval, Midlands Minerals' listing on the OTCQX is expected to be completed during the first quarter of next year.

"With the enhanced U.S. based trading platform offered by OTCQX, we are pleased to be able to better serve our growing number of U.S. investors who are following Midlands Minerals" said Kim Harris, President and Chief Executive Officer of Midlands.

"The OTCQX has earned a strong reputation for providing U.S. investors with improved liquidity, transparency, superior information, and easy access through their U.S. regulated broker-dealers, while Merriman's blend of investment banking, equity research and financial marketing services has a proven track record of success in elevating the profile of their client companies.

We are looking forward to higher visibility in the largest market in the world and look forward to working with Merriman Capital in this regard." For further information on Merriman Capital Inc., please visit their web site at www.merrimanco.com.

ABOUT MIDLANDS MINERALS

Midlands is a growth oriented and value based gold exploration company operating in Ghana and Tanzania, two stable countries with a history of gold mining. Midlands' top priority project is the fully permitted Sian gold project in Ghana. The Sian property contains Esaase and Ampeha, two previously producing open pit mines with a resource with significant growth potential. Midlands' contiguous Kwahu Praso project, which was once part of Sian, contains extensions of the Esaase and Ampeha trends. Sian and Praso are just 30 kilometres northeast of Newmont Mining's +8.7 million ounce Akyem gold deposit.

Midlands' second priority gold project is the highly prospective Kaniago gold project, which is located on the Asankrangwa Gold Belt and is contiguous to two past open pit gold producers – Abore to the north and Obotan to the south.

Midlands also holds highly prospective licenses for gold and diamonds in the Lake Victoria Goldfields in Tanzania, including its advanced Itilima Gold Project, which lies within the Geita-Bulyanhulu-Sekenke Trend, which is host to over 40 million ounces in gold reserves.

The Company has a highly qualified management and technical team with broad African experience and extensive experience in the countries in which the Company operates.

For more information on the Company, please visit Midlands' website at www.midlandsminerals.com.

Kim Harris        
President and Chief Executive Officer 

Certain statements contained in this news release constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from actual results and achievements expressed or implied by such forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

The Company adds a cautionary statement to the effect that the potential quantity and grades referred to in this press release are conceptual in nature. There has been sufficient exploration to evaluate a mineral resource. However, the Company is uncertain if further exploration will result in a mineral reserve. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. Readers are also advised to consider such forward-looking statements while considering the risks inherent in the business of mineral exploration. For more information, investors should review the Company's filings that are available at www.sedar.com.

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

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