Midland Exploration Inc. · TSXV:MD

Midland Exploration — Investor Presentation (December 2007)

48 slides from Midland Exploration's investor presentation, December 2007

  1. Slide 1: A New Mine Finder in Quebec

    MIDLAND EXPLORATION INC. PROJECTS UPDATE December 2007 A NEW MINE FINDER IN QUEBEC MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  2. Slide 2: Vision and Objectives

    VISION AND OBJECTIVES  Midland’s strategy to discover new gold and base metal deposits is based on Québec’s excellent mineral potential and favorable investment climate.  Midland intends to generate new projects and look for partnerships. Its business model will follow other successful models such

  3. Slide 3: Midland Targets Quebec

    MIDLAND TARGETS QUEBEC  Québec ranked #2 by the Fraser Institute for its favorable mining investment climate and its mineral potential. (Fraser Institute 2006)  Many recent discoveries: Eleonore (Virginia), Osisko (Malartic), LaRonde- Lapa (Agnico), Westwood (Cambior), Casa Berardi (Aurizon), Pers

  4. Slide 4: Government Support

    GOVERNMENT SUPPORT Exploration Companies Junior Producer Excluding other taxes and deductions QUEBEC OTHER Exploration expenditures ($) (100) (100) (100) Refundable tax credit for resources 35 15 15 Near & Far North 3.75 3.75 3.75 Additional non-refundable credit 26.25 Credit on duties refundable fo

  5. Slide 5: Technology

    TECHNOLOGY Midland will take advantage of New Technologies to make New Discoveries VTEM HELIBORNE GEOPHYSICS MEGATEM II AIRBORNE GEOPHYSICS CONVENTIONAL PULSE EM BOREHOLE INFINITEM PULSE DOWNHOLE 3 AXIS MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  6. Slide 6: Midland Officers

    MIDLAND OFFICERS JEAN-PIERRE JEAN-PIERRE JANSON JANSON GINO GINO ROGER ROGER Chairman Chairman and and Director Director CEO CEO and and Director Director RENÉ RENÉ BRANCHAUD BRANCHAUD INGRID INGRID MARTIN MARTIN Secretary Secretary and and Director Director Chief Chief Financial Financial Officer O

  7. Slide 7: Capital Structure

    CAPITAL STRUCTURE  Company is listed on the TSX Venture as MD  20.1 Million Shares Outstanding  21.9 Million Shares Fully Diluted  52 week high/low $0.50 - $0.81  All Warrants Exercised  No Debt, $3.8 Million Cash in Treasury MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD O

  8. Slide 8: Prime Location

    PRIME LOCATION Midland/Agnico-Eagle Midland/Agnico-Eagle Mine Lapa & Laronde ABITIBI GOLD BELT Midland/SOQUEM Montreal Midland/Breakwater Midland/Breakwater MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  9. Slide 9: Recent Highlights

    RECENT HIGHLIGHTS  Quickly secure new strategic gold, base metal, Mo and U projects.  Second phase of drilling by Agnico on the Maritime-Cadillac property completed in May. Second cash payment of $25,000 was received and first year commitment completed. New phase of drilling initiated by the end o

  10. Slide 10: Maritime Cadillac Project

    MARITIME CADILLAC PROJECT MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  11. Slide 11: Dynamic Mining Region

    DYNAMIC MINING REGION Southern Abitibi Gold Belt Gold Deposits (173 Million Ounces) World Class Mining Camps QUEBEC Maritime-Cadillac Project ONTARIO TIMMINS TIMMINS ONTARIO ONTARIO 65.6 65.6 Million Million Oz Oz Gold Gold MATHESON MATHESON ONTARIO ONTARIO 3.8 3.8 Million Oz Million Oz Gold Gold DU

  12. Slide 12: Regional Location

    REGIONAL LOCATION Property Boundary Fault Road Midland Exploration Mine 0 10 km SNRC: 32/C-D Granitoïdes Groupe de Pontiac Volcanites felsiques Volcanites ultramafiques Diorites, Gabbro, Péridotites Roches sédimentaires Volcanites mafiques Couloirs de déformation majeurs MIDLAND EXPLORATION - A MANA

  13. Slide 13: Midland-Agnico Agreement

    MIDLAND-AGNICO AGREEMENT  Agnico-Eagle signed an option agreement on June 1, 2006, to acquire a 50% interest in the Maritime- Cadillac property by investing $1M in exploration and making payments totaling $100,000 over 3 years. Second payment of $25,000 was received in June 2007 and $300,000 commit

  14. Slide 14: Agnico Drill Holes Location

    AGNICO DRILL HOLES LOCATION 3.4 Mt at 10.2 g/t Au 77 holes holes 3,523m 3,523m completed completed Total Total Expenditure Expenditure of of $331,373 $331,373 New Gold Intersections MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  15. Slide 15: Midland Unexplored Property

    MIDLAND UNEXPLORED PROPERTY New Gold Intersections 9.42 g/t Au / 1.1 m 8.38 g/t Au / 1.1 m Drilling Drilling will will resume resume in in January January 2008 2008 MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  16. Slide 16: Vermillon Project

    VERMILLON PROJECT MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  17. Slide 17: Vermillon Project

    VERMILLON PROJECT  New Gold-Copper project (late 2005)  Underexplored area with good access west Vermillon Vermillon Project Project of La Tuque  Potential for Gold- Vermillon Vermillon Project Project Copper skarn or Gold- rich VMS Montauban Montauban Mine Mine  Grassroots exploration MIDLAND E

  18. Slide 18: Midland-SOQUEM Agreement

    MIDLAND-SOQUEM AGREEMENT  Midland signed an option agreement on June 30, 2006 to acquire a 50% interest from SOQUEM in the Vermillon property.  Midland must invest $100,000 in exploration by December 31, 2006.  Midland must invest at most another $110,000 by December 31, 2007.  SOQUEM is project

  19. Slide 19: Vermillon Mineralization

    VERMILLON MINERALIZATION Mineralized floats with grades up to: 2.25 Grams Per Tonne Gold, 1.13% Copper, 12.6 Grams Per Tonne Silver MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  20. Slide 20: Conclusion - Vermillon

    CONCLUSION - VERMILLON MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  21. Slide 21: 2007 Work by Midland-SOQUEM

    2007 WORK BY MIDLAND-SOQUEM AIRBORNE MAGNETIC Mag-MaxMin Grid 42.4 km PROPERTY MAP Floats Floats with with values values up up to: to: 46.2 km -- 2.25 2.25 g/t g/t Gold Gold -- 1.13% 1.13% Copper Copper -- 2.6 2.6 g/t g/t Silver Silver MONTAUBAN MINE 7.0 km 5.8 km 0 1000 meters MIDLAND EXPLORATION -

  22. Slide 22: Conclusion - Vermillon

    CONCLUSION - VERMILLON  The source of the floats was found. Assays are pending.  Several EM anomalies remain unexplained following the 2006 program.  Many anomalous Au-Cu grab samples on the property.  VMS or Skarn?? Montauban deposit nearby.  Midland-SOQUEM approved a phase 1 program in fieldw

  23. Slide 23: New Midland Acquisition: Zn Gatineau

    NEW MIDLAND ACQUISITION Zn Gatineau MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  24. Slide 24: Significant Zinc Opportunity

    SIGNIFICANT ZINC OPPORTUNITY 615 615 NEW NEW CLAIMS, CLAIMS, 330.6 330.6 Km² Km² Area of Interest Lemieux 11% Zn, 1.78% Zn/0.67m Québec Aumond 20% Zn, 5.1% Zn/2.45m Chute Rouge 18% Zn Bouchette 23.9% Zn Kilmar 11.3% Zn, 4.1% Zn/1.15m Leitch 8% Zn 118.5 Kt @ 10% Zn Calumet 3.8 Mt @ 5.8% Zn, 1.9% Pb W

  25. Slide 25: Midland Targets

    MIDLAND TARGETS Targets Targets for for SEDEX SEDEX Zn Zn Gatineau Gatineau Area Area LAC HALL BALMAT BALMAT MineMine 43.5 43.5 Mt at 9.5% Mt at 9.5% Zn, Zn, 0.5% 0.5% Pb Pb MONTREAL CEZ MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  26. Slide 26: Gatineau Breakwater Agreement

    GATINEAU BREAKWATER AGREEMENT  Letter of Agreement signed August 24.  Breakwater can earn 50% of MD interest’s by funding $4.5M and $0.25M cash payment over 4 years. Cash payment of $40,000 at signature and $0.5M first year commitment (firm).  Midland operator reporting to a Technical Committee (

  27. Slide 27: Budget and Proposal

    BUDGET AND PROPOSAL $4.5M expenditure + payment of $0.25M over the next 4 years… » Year 1 proposal: $0.5M(firm commitment)  Complete the geological and geophysical compilation.  Conduct new Megatem or VTEM surveys over the favorable known mineralized horizons.  Ground follow- up including, prospe

  28. Slide 28: New Midland Acquisition

    NEW MIDLAND ACQUISITION MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  29. Slide 29: Weedon Property Location

    WEEDON PROPERTY LOCATION 16.2Mt 16.2Mt @ @ 14.5%Zn, 14.5%Zn, 7.6%Pb, 7.6%Pb, 1.3%Cu, 1.3%Cu, 126g/t 126g/t Ag, Ag, 1.37g/t 1.37g/t Au Au >150 >150 Mt Mt @ @ 8%Zn, 8%Zn, 3%Pb, 3%Pb, 0.3%Cu, 0.3%Cu, 100g/t 100g/t Ag Ag Weedon Weedon Project Project Duck Pond Bald Mountain 4.08 4.08 Mt Mt @ @ 3.3% 3.3%

  30. Slide 30: Weedon Regional Geology

    WEEDON REGIONAL GEOLOGY Solbec Solbec Mine: Mine: 2.06MT 2.06MT @ @ 1.57%Cu, 1.57%Cu, 4.57%Zn, 0.68%Pb, 0.61g/t/Au 4.57%Zn, 0.68%Pb, 0.61g/t/Au NEW NEW MIDLAND MIDLAND PROPERTY PROPERTY Cupra Cupra Mine: Mine: 2.43MT 2.43MT @@ 2.74%Cu, 2.74%Cu, 242 242 New New claims claims for for 123 km²² 123 km 3

  31. Slide 31: Weedon Showing

    WEEDON SHOWING New Significant Showing in 2006 MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  32. Slide 32: Weedon Mineralization

    WEEDON MINERALIZATION MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  33. Slide 33: Weedon Breakwater Agreement

    WEEDON BREAKWATER AGREEMENT  Letter of Agreement signed August 24.  Breakwater can earn 50% of MD interest’s by funding $3.0M and $0.20M cash payment over 3 years. Cash payment of $40,000 at signature and $0.5M first year commitment (firm).  Midland operator reporting to a Technical Committee (BW

  34. Slide 34: Budget and Proposal

    BUDGET AND PROPOSAL $3M expenditure + payment of $0.20M over the next 3 years. $40,000 payment at the signature. » Year 1 proposal: $0.5M(firm commitment)  Complete the geological and geophysical compilation.  Conduct a new Megatem or VTEM survey over the favorable stratigraphy.  3D MAG Modeling.

  35. Slide 35: New Midland Acquisition: James Bay Au, Mo, U

    NEW MIDLAND ACQUISITION James Bay Au, Mo, U MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  36. Slide 36: Midland New Gold Properties

    MIDLAND NEW GOLD PROPERTIES 1033 1033 New New Claims, Claims, 562 km²² 562 km Midland Gold Properties MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  37. Slide 37: Midland New Gold Properties

    MIDLAND NEW GOLD PROPERTIES 1033 1033 New New Claims, Claims, 562 km²² 562 km MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  38. Slide 38: Midland New Agreement with Agnico-Eagle

    MIDLAND NEW AGREEMENT WITH AGNICO-EAGLE  Favor key partnership in order to conduct a important exploration program.  Combine expertise and make new discoveries.  Agnico can earn 50% of MD interest’s by funding $4.5M + payment of $0.3M over 4 years. $0.6M (firm) first year commitment and $50,000 c

  39. Slide 39: Numerous Reasons to Be There

    NUMEROUS REASONS TO BE THERE  Proven exploration potential with the Eleonore world class gold deposit.  Easy access, available infrastructure.  Important land package with Eleonore type targets.  Strongest Au-As-Sb anomalies in the James Bay Area.  Numerous gold showings on Midland properties.

  40. Slide 40: Midland New Gold Properties Vs As

    MIDLAND NEW GOLD PROPERTIES Vs As 1033 1033 New New Claims, Claims, 562 km²² 562 km MD-6 MD-6 MD-1 MD-1 MD-2 MD-2 MD-5 MD-5 MD-3 MD-3 MD-4 MD-4 MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  41. Slide 41: Midland New Molybdenum Properties

    MIDLAND NEW MOLYBDENUM PROPERTIES 203 203 New New Claims, Claims, 103 km²² 103 km Midland Properties MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  42. Slide 42: New Mo Properties Acquisition

    NEW Mo PROPERTIES ACQUISITION Strongest Strongest Mo Mo Anomalies Anomalies in in James James Bay Bay Area Area Mo Intersections: 0.14% Mo / 89 metres 0.18% Mo / 25 metres 0.14% Mo / 23 metres Area of Interest MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  43. Slide 43: Significant Mo Showings

    SIGNIFICANT Mo SHOWINGS MIDLAND MIDLAND SIRIOS MIDLAND MIDLAND MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  44. Slide 44: Coming Up

    COMING UP  Continue to generate and secure new strategic gold, base metal, Mo and U projects.  Complete phase 1 exploration programs on Weedon and Gatineau projects with Breakwater.  Complete phase 1 exploration program on James Bay Gold project with Agncio-Eagle.  New phase of drilling by Agnic

  45. Slide 45: Midland Next Event Participation

    MIDLAND NEXT EVENT PARTICIPATION - Cambridge Vancouver (Booth), Jan 21-22, 2008 - PDAC Toronto (Booth), March 2-5, 2008. - Cambridge Calgary (Booth), April 12-13, 2008. MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

  46. Slide 46: Why Choose Midland Exploration?

    WHY CHOOSE MIDLAND EXPLORATION?  Management team and technical expertise.  Ability to quickly generate high-quality projects and attract new partners.  Attractive and successfull business model.  New important option agreements with Agnico-Eagle and Breakwater. Many more to come.  New significa

  47. Slide 47: Discoveries

    A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES » Maritime Cadillac Project » Vermillon Project » Weedon Project » Zn Gatineau Project » James Bay Au and Mo

  48. Slide 48: Thank You!

    VISIT US ON THE WEB www.midlandexploration.com THANK YOU ! Exploration Office 132 blvd. Labelle, Suite 220 Rosemere, (Québec) J7A 2H1 Tel : 450-420-5977 Fax : 450-420-5978 MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

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