Midland Exploration Inc. (TSX-V: MD) is pleased to announce that it has completed a first tranche of a non-brokered private placement by issuing 4,903,333 units of Midland at a price of $0.45 per unit for aggregate gross proceeds of $2,206,500. Each unit consists of one common share and one warrant. Each warrant entitles the holder to purchase one common share of Midland at a price of $0.65 for a period of two years from the date of issuance.

This private placement has attracted strategic investors, including Rick Rule, MJG Capital Fund, LP and Metallum Capital LLC, several of whom have previously supported M idland. Their participation further strengthens Midland’s shareholder base and positions the Corporation for continued growth. Midland paid a cash finder’s fee of US$20,000 [$27,372] on the first tranche to Sprott Global Resource Investments, Ltd.

The securities issued and issuable under the private placement are being offered on a private placement basis to accredited investors and other eligible purchasers (i) in all provinces of Canada pursuant to applicable prospectus exemptions, (ii) in the United States pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and (iii) in such offshore jurisdictions as may be agreed by Midland pursuant to available exemptions under applicable securities laws. Unless otherwise exempted, all securities issued under the private placement will be subject to a statutory hold period of four months and one day from the applicable closing date (September 12, 2026 for s ecurities issued as part of the first tranche), in accordance with Canadian securities legislation.

Midland will use the private placement proceeds to fund its exploration plan and for general corporate purposes.

The closing of the second tranche of the private placement is anticipated to occur no later than the end of May 2026. In connection with this private placement, Midland may issue units in an aggregate amount of up to $4.0 million. The completion of the private placement is subject to customary closing conditions and regulatory approvals, including the approval of the TSX Venture Exchange.

The securities issued under the private placement have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registr ation requirements under such Securities Act or applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold and critical metals. Midland is proud to count on reputable partners such as Rio Tinto Exploration Canada Inc., BHP Canada Inc., Centerra Gold Inc., Barrick Gold Corporation., Agnico Eagle Mines Limited, Wallbridge Mining Company Ltd, Fresnillo plc, Electric Element Mining Corp., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up Midland’s portfolio and generate shareholder value.