Midlands Minerals Corporation

Midlands Minerals Corporation

February 26, 2007 16:30 ET

Midlands Minerals Seeks TSX Venture Exchange Consent to Amend Certain Warrants

TORONTO, ONTARIO--(CCNMatthews - Feb. 26, 2007) - Midlands Minerals Corporation ("Midlands" or the "Company")(TSX VENTURE:MEX) announces the company has applied to the TSX Venture Exchange for approval to amend 1,611,268 Warrants issued on May 28, 2004, exercisable at $0.43 with an expiry date of April 4, 2007. The Company is seeking approval to amend these Warrants to reflect the current price of the stock of $0.30.

The Warrants were issued pursuant to a private placement on May 28, 2004, prior to the Company's April 4, 2005 listing on the TSX Venture Exchange. None of the warrants being amended are held by insiders.

The amendment is subject to TSX Venture Exchange approval. The Company has fully complied with all the regulatory requirements with respect to documentation and flat fee payments as they relate to the amendment of these Warrants.

The TSX Venture Exchange has in no way commented on, approved or disapproved of the contents of this press release.

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