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Midland Exploration Inc.: Discovery of a New Significant Gold Zone on Maritime Cadillac Property in Quebec

Posted on: Monday, 2 June 2008, 09:21 CDT

Midland Exploration Inc. ("Midland") (TSX VENTURE: MD) is pleased to announce the discovery of a new significant gold zone on its 100%-owned Maritime Cadillac Property. The Maritime Cadillac Property is contiguous to the Lapa gold mine property (3.8 million tonnes of probable reserves grading 8.9 g/t Au and containing 1.1 million ounces of gold), which is expected to go into production in mid 2009.

Agnico-Eagle Mines Limited the operator of the project recently drilled hole 141-08-14B between Zulapa and Maritime Cadillac gold deposits and intersected a new gold zone of significant interest. This new gold zone intersected along the Maritime Cadillac structure returned 3.30 g/t Au over 14.65 m from 364.00 to 378.65 metres depth (approximately 6.60 metres true thickness), including 6.11 g/t Au over 5.65 metres from 373.00 to 378.65 metres (approximately 2.50 metres true thickness). Locally, this zone returned values up to 16.01 g/t Au over 1.15 metres. This new gold bearing zone intersected at a shallow depth (250 m) is open at depth and along strike. Hole 141-08-14B was the last drill hole from a 5 holes program recently completed on the property. The previous drill hole 141-08-12 intersected the same gold structure (100 metres north and 100 metres up-dip) which returned anomalous gold values of 0.24 g/t Au over 29.7 metres from 219.30 to 249.00 metres. Surface plan, longitudinal section and photos of that new zone can be found on Midland's Web site.

This new gold zone intersected in hole 141-08-14B occurs along the Maritime Cadillac structure near the contact between the mafic volcanics and the ultramafic schists of the Piche Group. This zone is characterized by the presence of 3-5% disseminated arsenopyrite and 1-2% pyrite overall reaching up to 10-15% arsenopyrite locally. The gold mineralization is hosted within a sheared mafic volcanic rock injected by a well developed network of quartz-carbonate veins with strong biotite alteration.

Midland Exploration is very encouraged with the size, grade and location of this new gold zone hosted in the right geology within the prolific Cadillac gold district. Additional drill holes to follow-up and test the extension of this new gold-bearing zone will be undertake by the operator and drilling will resume shortly.

The Maritime Cadillac Property is well located south of the Lapa gold mine along the Cadillac-Larder Lake Fault Zone, a regionally extensive structure that is spatially related to numerous gold prospects and past producers including the historic Lake Shore, Macassa and Kerr Addison gold mines in Kirkland Lake and Larder Lake, Ontario. On the Maritime Cadillac property, the Fault Zone is almost entirely taken up by the Archean-age Piche Volcanic Group (mafic to ultramafic schists) and marks the Western contact between the Cadillac Group sediments (wacke, conglomerate and iron formation) to the West and the Pontiac Group (wacke) to the East. The presence of these major lithological contacts (Pontiac-Piche-Cadillac) within the deformation zone associated with the Cadillac-Larder Lake Break provides a highly prospective setting for lode gold or disseminated gold deposits. All the rock units are sub vertically dipping with a north-south trend.

Agnico-Eagle Mines Limited signed an option agreement on June 1, 2006, to acquire a 50% interest in the Maritime Cadillac Property by investing $1,000,000 in exploration and by making payments totalling $100,000 over a 3-year period. The company will have the option to increase its undivided interest in the Property from 50% to 65% over a period of 3 years, by solely financing a bankable feasibility study on the Maritime Cadillac Property, or by solely assuming all mining operations on the Maritime Cadillac Property, earning 1% additional interest for every $1,000,000 spent on the property (up to 15% by spending $15 million).

Quality Control

The Maritime Cadillac exploration program is conducted by Agnico-Eagle Mines Limited and the data was reviewed by Mario Masson, senior geologist for Midland Exploration and a qualified person as defined by National Instrument 43-101. Assay samples are taken from BQ drill core sawed in half with one half sent to a commercial laboratory and the other half retained for future reference. Assays were performed by Lab Expert of Rouyn-Noranda. Significant assay results are duplicated at the original laboratory and a second independent laboratory which is ALS Chemex Chimitec of Val-d'Or.

About Midland Exploration

Midland targets the excellent mineral potential and the favourable climate of investment of Quebec to make the discovery of new world class deposits of gold, base metals and uranium. Midland is proud to count on famous partners such as Agnico-Eagle Mines Limited, Breakwater Resources Ltd, Soquem Inc. and Quest Uranium Corporation. The Company quickly executed its business plan during the second half of the year 2007 by signing four important agreements adding up to nearly $16,000,000 in work and payments of up to $1,000,000 over four years. Midland is currently evaluating other opportunities and other projects in order to increase the portfolio of the Company. Midland prefers to work in partnership and intends to conclude quickly additional agreements in regard to lately acquired properties.

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.

 Contacts: Midland Exploration Inc. Gino Roger President and Chief Executive Officer 450-420-5977 450-420-5978 (FAX) gino.roger@midlandexploration.comwww.midlandexploration.com

SOURCE: Midland Exploration Inc.

Source: MARKET WIRE

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