Midland Exploration Options Its Casault Gold Property to Wallbridge

MONTREAL – Midland Exploration Inc. reported the execution of an option agreement with Wallbridge Mining Company Limited for its Casault gold property.

The Casault gold property, wholly-owned by Midland, consists of 322 claims (177 square kilometers) and covers, over more than 20 kilometers strike length, the Sunday Lake Fault approximately 10 kilometers west of a recent discovery by Wallbridge, where the latter reported drill intercepts on Fenelon (Tabasco Zone) grading up to 22.73 g/t Au over 48.01 meters. More recently, the Reaper discovery south of Fenelon drilled by Balmoral Resources Ltd., subsequently acquired by Wallbridge, yielded high gold grades reaching 308 g/t Au over 2.97 meters, including 858 g/t Au over 1.06 meters south of Area 51. The Casault property is also located approximately 40 kilometers east of the Detour Lake mine. This open pit mine held by Kirkland Lake Gold Ltd. hosts proven and probable mineral reserves totaling 12.64 million ounces of gold, consisting in 397.7 million tonnes at a grade of 0.99 g/t Au.

Midland is proud to join forces once again with a solid partner such as Wallbridge. Wallbridge will be project operator and will begin, shortly, a major exploration program to test quality targets in the Vortex zone, as well as other targets located elsewhere on the property near the Sunday Lake Fault. The discovery of the Vortex zone in 2017, a major gold-bearing system associated with alkaline intrusions along the Sunday Lake Fault, yielded drill results reaching 1.38 g/t Au over 26.2 meters from 155.80 to 182.00 meters, including 7.9 g/t Au over 2.2 meters from 179.80 to 182.00 meters.

Wallbridge is establishing a pipeline of projects that will support sustainable 100,000 ounce-plus annual gold production as well as organic growth through exploration and scalability. The Company is currently developing its 100%-owned Fenelon gold property, which is located along the Detour-Fenelon Gold Trend, an emerging gold belt in northwestern Quebec with an ongoing 80,000 to 100,000-meter exploration drill program in 2020 and a 33,500-tonne bulk sample and 75,000 meters of drilling completed in 2019. Wallbridge is also pursuing additional advanced-stage projects which would add to the Company’s near-term project pipeline. Wallbridge is also the operator of, and a 16.5% shareholder in, Loncan Canada Inc., a privately-held company with a large portfolio of nickel, copper, and PGM projects in Ontario’s Sudbury Basin.