Midland Exploration Inc. · TSXV:MD
Midland Exploration — Investor Presentation (May 2026)
57 slides from Midland Exploration's investor presentation, May 2026
Slide 1: The Next Major Discoverer in Quebec
The Next Major Discoverer in Quebec May 2026 Corporate Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements • Safe Harbour Statement Certain statements in this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. Such forward-looking statements involve known and unknow
Slide 3: Midland Exploration Summary
Midland Exploration Summary Prospect Generator / Joint-Venture Model; Quebec focus, exploring for gold and critical minerals (Ni-Cu-Li); 112.9 million shares outstanding; Management: 13%, Institutions: 50%, Retail: 37% 120.5 million shares fully diluted; No debt, $11.0 million in cash in the treasur
Slide 4: Share Structure and Financial Information
Share Structure and Financial Information Share Ownership Structure Share Capitalization Centerra Common Shares Outstanding (basic) 112,973,453 BHP 9.9% 4.4% Options 6,640,000 Fully-Diluted Shares Outstanding 119,613,453 Management & Insiders Retails 13.0% 36.8% Current Assets & Revenue ($CAD) Adria
Slide 5: Strong Management Expertise
Strong Management Expertise JEAN-PIERRE JANSON GINO ROGER Chairman and Director CEO and Director INGRID MARTIN PAUL ARCHER Chief Financial Officer Director LEGAL ADVISORS Lavery ANNIE DUTIL Director Technical Team - JF Larivière (Chief Geologist) - RichardCONSULTANTS St-Cyr (Exploration Director) JE
Slide 6: Good Quality Partners Since 2006 !
Good Quality Partners Since 2006 ! 23 Historical Options Agreements New Strategic Alliance (2) ➢ Barrick: Patris Au ➢ BHP : Ni Alliance ➢ Rio Tinto : Tête Nord Ni ➢ SOQUEM : Ni-Cu-Au Alliance ➢ Brunswick : Mythril-Elrond Li Active Option Agreement (3) ➢ Cosmos Exploration: Lasalle ➢ SOQUEM (3) : Gat
Slide 7: Midland Recent Highlights
Midland Recent Highlights New high-grade Lithium-Cesium pegmatites intersections with Rio Tinto on Galinée; $3M private placement completed including Centerra’s participation for $250K; New agreement with Barrick on Lewis property (up to $12M and $750K cash / 7 years); New Au discoveries on Caniapis
Slide 8: Exploration Budget Evolution
Exploration Budget Evolution 2023-24 Budget Midland 100% $ 2,562,379.00 2023-24 Budget Partners $18,597,578.00 2023-2024 Total Budget $21,153,957.00 2024-25 Budget Midland 100% $ 2,500,000.00 2024-25 Budget Partners $12,000,000.00 Total Budget 2024-2025 $14,500,000.00 2025-26 Budget Midland 100% $ 9
Slide 9: Midland Active Projects Location
Midland Active Projects Location Midland Willbob (Au) Midland / FEMN (Ni-Cu-Co) Midland SOQUEM (Cu-Au-Zn) Midland / BHP (Ni-Cu-Co) Midland / Wallbridge (Au) Midland / Caniapisc Au (Au-Ag) Midland / Probe Gold (Au) Midland / Rio Tinto (Li) Midland / Agnico Eagle (Au) Midland / Barrick (Au) Ceinture a
Slide 10: Abitibi Midland's Projects
Abitibi Midland’s Projects QUEBEC Midland / Abitibi Au Abitibi Gold Belt Montréal 10
Slide 11: Abitibi Geology – Work in Progress
Abitibi Geology – Work in Progress Samson 100% Midland Nomans 100% Midland Wallbridge – Option Casault Discussion in progress Mag HR Drilling upcoming Prospecting upcoming Jeremie Casault Nomans Wallbridge Option Nantel Fenelon Probe JV Lewis 100% Midland Fleuribleu New Barrick Option Adam Lac Olga
Slide 12: Porcupine-Destor Fault – Geology
Porcupine-Destor Fault – Geology Fayolle (Typhoon) 10.2 g/t Au on 5.0 m 15.5 g/t Au on 3.0 m 12.1 g/t Au on 3.0 m 15.6 g/t Au / 1.0 m Porcupine-Destor Fault Gadoury Showing 6.3 g/t Au / 0.98 m McDermott Showing 8.6 g/t Au on 1.20 m Lac Patris Showing 38.7 g/t Au (Grab Sample) La Pause Fault Patris P
Slide 13: Drill for Till Sonic Results – Winter 2024-2025
Drill for Till Sonic Results – Winter 2024-2025 Source: See Midland’s press release March 26,2024 and July 9, 2024 108 ddh completed for 1,200 metres 13 13
Slide 14: Drill for Till Sonic Results
Drill for Till Sonic Results Ice flow directions Target B Displayed: Best Intercept from Matheson Till 65 Matheson normalized So What - Target detected in Till anomaly, Matheson count Gold grain counts, pristine grain proportions and clast counting indicate erosion of proximal gold source, possibly
Slide 15: Detour Trend – La Peltrie New Discovery Location
Detour Trend – La Peltrie New Discovery Location Wallbridge Casault Option ▪ $ 5 M / 4 years ▪ $750,000 1st year Midland-Wallbridge ▪ Cash Payments $600,000 New Discovery ▪ Expenditures as of Dec. 31st : $3.8 M 6.85 g/t Au / 2.0 mB WALLBRIDGE Jeremie FENELON GOLDD Abitibi Or Res. Ind. 1.75 Moz Au Re
Slide 16: 2023 Follow-up Drilling on La Peltrie Cu-Au-Ag-Mo Discovery
2023 Follow-up Drilling on La Peltrie Cu-Au-Ag-Mo Discovery LAP-23-20 0.09% Cu over 400.2 m Including 0.5 % Cu over 13.2 m LAP-22-12 & 12EXT (Total) 0.13 % Cu over 513.5 m OPEN LAP-23-21 0.12 % Cu over 66.0 m and 0.16 % Cu over 22 m LAP-22-12 (Discovery Hole) 0.3 % Cu over 18.45 m 0.3 % Cu over 19m
Slide 17: La Peltrie Cu-Discovery Cross Section
La Peltrie Cu-Discovery Cross Section LAP-22-019 LAP-22-012 0.17% Cu over 15.2m (25.2-40.4m) 0.33% Cu over 14m (112-126m) 0.54% Cu over 12m (137-149m) Sh 55⁰ Sh 50⁰ Sh 80⁰ 0.35% Cu over 5m (155-160m) 0.27% Cu over 15.5m (188-203.5m) 0.3% Cu over 8.5m (210.5-219m) Bx • pyrrhotite present throughout t
Slide 18: Midland-Probe La Peltrie New Cu-Au-Ag-Mo Discovery
Midland-Probe La Peltrie New Cu-Au-Ag-Mo Discovery LAP-23-18 0.11 % Cu over 363.0 m Including 1.18 % Cu sur 9.5 m 180m-186m (Photo) Source: See Midland’s press release January 23, 2024 18 18
Slide 19: La Peltrie MMI Phase II – 856 Samples
La Peltrie MMI Phase II – 856 Samples • With the success of the Phase I MMI program, additional MMI Carheil sample grid area is proposed Intrusion extending from the Cu-Mo-Au- Grab Sample - PRB Rusty outcrop of siliceous Ag Discovery basalt with QC veinlets and 5% Py, 0.05% Cu 500 samples • Phase II
Slide 20: Jouvex – 2025 IP Survey Location
Jouvex – 2025 IP Survey Location Jouvex Property Casa Berardi Deformation corridor Douay Mineral Deposit Maple Gold indicated and inferred resources of 3.038 IP Survey millions ounces of gold (2022 MRE, Maple Gold website) Fall 2025 Sigeom Geology 20 20
Slide 21: Mag Survey – First Vertical Derivative
Mag Survey – First Vertical Derivative A high-resolution mag drone survey was carried out in the south of the Jouvex property. • The Mag survey shows different magnetic grains that correspond to the lithologies, Also, a distinct area that cuts the regional grain in contact with felsic and mafic volc
Slide 22: Jouvex – DDH 2026 - Geophysics
Jouvex – DDH 2026 - Geophysics Mag 1VD IP Resistivity 75m vertical IP Chargeability 75m vertical 22
Slide 23: James-Bay Midland's Projects
James-Bay Midland’s Projects QUÉBEC Midland James-Bay Abitibi Gold Belt Montréal 23
Slide 24: Midland – Rio Tinto Option for Lithium
Midland – Rio Tinto Option for Lithium • Drilling program on Galinée Intrusive Mythril East, Chisaayuu Sedimentary & Corvette • LiDAR survey (June): Volcanic Galinée Iceberg Li ➢ Moria Shaakichiuwaanaan ➢ Shire Newmont Éléonore Gold Mine (Patriot Battery Metals) Adina Li ➢ Warp (Winsome) ➢ Picard Wo
Slide 25: James Bay (NE) Lithium Occurrences
James Bay (NE) Lithium Occurrences Lithium Occurrence Intrusive Midland/Rio Tinto Tilly South Sedimentary Lithium Occurrence Volcanic Midland/Rio Tinto Option Midland Chisaayuu project Water Body Main Road Rio Tinto Option Mirage Mythril East (East block) (Brunswick) 1.55% Li2O over 93.45 m Mythril
Slide 26: Galinée Project
Galinée Project Lithium Occurrence Intrusive Midland/ Rio Tinto Sedimentary Lithium Occurrence Iceberg Spodumene Volcanic Midland/Rio Tinto Pegmatites Dykes Option Up to 1.38% Li2O over 37.86 metres (TLIB0007)* Adina Li (Winsome) Surge • Drilling program Indicated 61.4 MT at 1.14% Li2O Grab sample u
Slide 27: 2024-2025 Drilling on Galinée
2024-2025 Drilling on Galinée Intersection Lithium N Intrusive • In 2025, 23 DDH for a Midland/Rio Tinto Midland/Rio Tinto TLIB0007: 1.38% Li2O over TLIB0006: 1.94% Li2O over Sedimentary 37.86 metres, including 1.88% 20.97 metres, and 2.47% total of 4,105.09m Option Li2O over 21.35 metres Li2O over
Slide 28: Midland Projects: Eeyou Istchee James Bay
Midland Projects: Eeyou Istchee James Bay Intrusive Mythril , Mythril Sedimentary East,Tilly, Chisaayuu Volcanic & Corvette Galinée Newmont Éléonore Gold Mine Shaakichiuwaanaan Li pegmatites (Patriot Battery Adina Li (Winsome) Caniapisc Au Metals) Komo Moria Stornoway Diamond Corp. Renard Mine Galax
Slide 29: Caniapisc Au Area
Caniapisc Au Area Intrusive Gold Occurrence Caniapisc Au Sedimentary Midland Project Volcanic Water body Viau Project New Showings Au-Zn-AgA Up to 24.5 g/t Au, 4.5% Zn, 10.6 g/t Ag Boulder; 1.39 g/t AuB Lac Bernard Project Source: A See Midland’s press release October 28, 2025 B 1996 Work assessment
Slide 30: New Project: Caniapisc Au
New Project: Caniapisc Au Intrusive Gold Showing Midland Caniapisc Au Sedimentary Volcanic New Project Till Samples Main glacial Gold Anomalies dispersion Peacock Showing Area Up to 1.7 g/t Au on 7.0m (channel) 4.4 g/t Au on 1.0m (drilling) Source: See Midland’s press release November 14, 2024 30 30
Slide 31: Caniapisc Au Project – 2024 Results
Caniapisc Au Project – 2024 Results Source: See Midland’s press release November 14, 2024 31 31
Slide 32: Caniapisc Au: Summer 2025 Results
Caniapisc Au: Summer 2025 Results Intrusive Gold Occurrence Caniapisc Au Sedimentary Midland Volcanic Project Water body Boulder; 1.17 g/t Au Boulder; 2.87 g/t Au Boulder; 3.94 g/t Au Boulder; 1.88 g/t Au Boulder; 2.76 g/t Au Boulder; 14.3 g/t Au Boulder; 3.29 g/t Au Boulder; 1.84 g/t Au Till Sample
Slide 33: Caniapisc Au Project – Summer 2025 Results
Caniapisc Au Project – Summer 2025 Results Amphibolites Boulder; 2.87 g/t Au Tonalites Boulder; 1.17 g/t Au Boulder; 3.94 g/t Au Boulder; 2.76 g/t Au Boulder; 1.88 g/t Au Boulder; 14.3 g/t Au Boulder; 1.84 g/t Au Boulder; 3.29 g/t Au Source: See Midland’s press release September 9, 2025 Background =
Slide 34: Gold Anomalie (Rocks) Summer 2025
Gold Anomalie (Rocks) Summer 2025 C567958 – 14.3 g/t Au C567775 – 3.940 g/t Au and 2.3% Zn • C567958 – 14.3 g/t Au – 60*50*15cm pancake block: Amphibolite, muscovite, biotite, good schisto, 0.5% very finely disseminated pyrite. • C567775 – 4.67 g/t Au and 2.3% Zn – block 60*60 Garnet amphibolite, re
Slide 35: Gold Anomalies (Rocks) Summer 2025
Gold Anomalies (Rocks) Summer 2025 C567794 – 3.3g/t C567765 – 2.21 g/t Au • C567794 – 3.3g/t Au – block 0.6x0.5m Sediment rich in quartz (alt?) bedded appearance with biotite and other apple green color phyllosilicate (fushite), with disseminated sulfides, 0.5% chalcopyrite, 6% pyrite. • C567805 – 2
Slide 36: Caniapisc Au: September 2005 New Results
Caniapisc Au: September 2005 New Results Intrusive Gold Occurrence Sedimentary Midland Volcanic Water body Boulder; 6.47 g/t Au (Resampling of 2.87 g/t Au) Boulder; 19.2 g/t Au Boulder; 1.50 g/t Au Boulder; 24.5 g/t Au Boulder; 11.9 g/t Au Boulder; 3.50 g/t Au Outcrop; 0.56 g/t Au Boulder; 5.35 g/t
Slide 37: Samples: September 2025
Samples: September 2025 C563926 – 19.2 g/t Au C563928 – 1.97 g/t Au C563907 – 6.47 g/t Au C563931 – 11.9 g/t Au Source: See Midland’s press release October 28, 2025 37 37
Slide 38: Samples: September 2025
Samples: September 2025 C563768 – 24.5 g/t Au C563773 – 5.35 g/t Au Source: See Midland’s press release October 28, 2025 C563985 – 3.50 g/t Au C563766 – 1.50 g/t Au 38 38
Slide 39: Soil Geochemistry Caniapisc Au
Soil Geochemistry Caniapisc Au Soil survey: ± 400 soil • 400 m-lines • Stations 200m spacing 400m-lines, 200m-stations, 4 people, Locally 100m near anomalous Explo-Logic, during prospecting gold tills • 10 days, team of 4 (Explo- Logik) Possible soils if nothing in prospecting +20-optional 39 39
Slide 40: 2025 Soil Anomalies
2025 Soil Anomalies • Main Au anomalies stands out around the south of the lake • The dominant signature is Au-Zn, ±Pb, ±Ni in places • An anomaly of 3 gold samples (Two(2) 2025 soils + Virginia tills) • Other gold-only anomalies are identified. However, these are groups of only 2 samples, and gener
Slide 41: Labrador Trough Midland's Projects
Labrador Trough Midland’s Projects Midland / Willbob (Au) Midland / NMEF (Ni-Cu-Co) Midland / SOQUEM (Ni-Cu-Au) Midland / BHP (Ni-Cu-Co) Abitibi Gold Belt 41
Slide 42: Midland BHP, SOQUEM Nunavik Alliances
Midland BHP, SOQUEM Nunavik Alliances 2025 Exploration Plan ▪ High-definition VTEM surveys (Xcalibur) ▪ Claiming, mapping and prospecting Strategic Alliance Ni-Cu-Co Midland-BHP Midland-NMEF JV Ni-Cu $2.0M additional for the Nachicapau 2025 Generative Phase 2023-24 New Cu-Au Papavoine Discovery Sois
Slide 43: Midland-SOQUEM Alliance Nachicapau Project
Midland-SOQUEM Alliance Nachicapau Project Figure 1a Figure 1b Baie d’Ungava Mer du Labrador Area of 2022 Copper-Gold showing and Legend 2023/2024 Showings Nachicapau Historical Cu showings mineralized veins AOI Midland-SOQUEM AOI Midland-BHP New area of AOI NMEF 2024 Claims Midland-SOQUEM mineraliz
Slide 44: Nachicapau – 2024 Results
Nachicapau – 2024 Results Legend Figure 2a Area of historical high grade Geology MONTAGNAIS GROUP Field work Aphyric gabbro, olivine gabbro, quartz Zn boulders up to 17.50 % Zn 2024 Results gabbro, locally pegmatitic (#43390439) Figure 2a MURDOCH FORMATION 2024 Rock samples Cu ppm Ultramafic to mafi
Slide 45: Nachicapau: 2022-2023 Rock Sampling
Nachicapau : 2022-2023 Rock Sampling (a) Outcrop showing malachite – bornite veins (b) malachite – bornite veins at surface C878152: 40.8g/t Au 45
Slide 46: 2024 Photos of Nachicapau Samples
2024 Photos of Nachicapau Samples #C1456119: vein calcite, digenite, # C1456119 malachite, bornite cm #C1456309: cm vein with specular hematite and malachite in an epidotized and albitized basalt #C1456513: bornite, digenite, massive malachite in a dm calcite vein 46 46
Slide 47: 2025 Best Results on Nachicapau Project
2025 Best Results on Nachicapau Project Figure 2 Historical area of boulders Legend with high zinc content up to Field work 17.50% Zn (#43390439) 2025 Results 2025 rock samples : Cu ppm Major deformation zone > 10,000 5,000 – 10,000 2022 Discovery Mineralized 1,000 – 5,000 Cu-Au Horizons 1.46% Cu, 0
Slide 48: 2025 Rock Samples Collected on Nachicapau Project
2025 Rock Samples Collected on Nachicapau Project #C2130416 : 13.70% Cu, 4.83 g/t Au, 28.60 g/t Ag #C2130509 : 9.97% Cu, 2.40 g/t Au, 61.40 g/t Ag #C2130608 : 4.66% Cu, 0.20 g/t Au, 13.80 g/t Ag Clusters of digenite and malachite in a quartz and Centimeter-sized digenite cluster in a calcite vein Py
Slide 49: Labrador Trough Alliance Malaco Mountain Project
Labrador Trough Alliance Malaco Mountain Project Figure 1a Figure 1b Baie d’Ungava Mer du Labrador Nachicapau project Legend 2025 Fieldwork Historical Cu showings AOI Midland-SOQUEM AOI Midland-BHP AOI NMEF Claims Midland-SOQUEM Midland 100% Other cies Geology Core Zone Waskaikinis Labrador Trough (
Slide 50: Rock Samples Collected on Malaco Mountain Project (June 2025)
Rock Samples Collected on Malaco Mountain Project (June 2025) #C1456708 : 31.60 % Cu, 6.92 g/t Au, 0.16 % ETR, 0.20 % Co, 37.30 g/t Ag Chalcopyrite, malachite, azurite massive horizon Mineralized outcrop of alternating siltstones #C1456709 : 0.39 % ETR, 0.65 % Cu, #C1456710 : 12.30 % Cu, 0.36 g/t Au
Slide 51: 2025 Rock Samples Location on Malaco Mountain Project
2025 Rock Samples Location on Malaco Mountain Project Location of 2025 Malaco Mountain rock samples on a project schematic plan 23.10/0.18/0.01 Villot view – Malaco Lake Mountain project 0.24/<DL/0.03 2025 Cu-Au- 0.06/0.01/0.04 REE discovery Legend 0.25/0.02/0.13 1 km 2025 Fieldwork 2025, June resul
Slide 52: Rock Samples Collected on Malaco Mountain Project (September 2025)
Rock Samples Collected on Malaco Mountain Project (September 2025) C1455761 : 6.12% Cu, 280 ppb Au, C1455755 : 2.53% Cu, 136 ppb Au, C1455757 : 4.59% Cu, 61 ppb Au, >1% REE, 675 ppm Co, 6.80 g/t Ag 0.87% REE, 168 ppm Co, 3.10 g/t Ag 0.58% REE, 125 ppm Co, 2.60 g/t Ag Sheared calcite vein, 10% chalco
Slide 53: Willbob-Kan Project Location
Willbob-Kan Project Location Figure 1 New acquisition Kan Project 100% Midland Ni-Cu-Co Strategic Alliance Midland-BHP Midland-NMEF JV Ni-Cu Papavoine Soissons Ni-Cu-Co Nachicapau 100% Midland Cu-Au Strategic Alliance 2023-24 Cu-Au New discovery Midland-SOQUEM 53 53
Slide 54: Willbob Gold Showings
Willbob Gold Showings Cross Lake showing B SP showing D Up to 8.82 g/t Au, 39.2 g/t Ag 419 g/t Au, 38.3 g/t Au, 21.7 g/t Au Alias Showing C Wayne Showing B Up to 72.7 g/t Au 250.11 g/t Au; 40.13 g/t Au; 32.7 g/t Au; 24.8 g/t Au Serpent Showing D 15.35 g/t Au New Kan Project Ants showing B 231 claims
Slide 55: Kan - Pump Pad Ridge Showing
Kan - Pump Pad Ridge Showing Figure 6. Pump Pad Ridge showing. Up to 8.71 g/t Au / 7.0 meters (channels) Silicate-carbonate iron formation with numerous quartz veins Source: See work assessment report Hébert et al., (2017); GM-70234 (MRNF) 55 55
Slide 56: Why Choose Midland Exploration
Why Choose Midland Exploration Strong management and technical team; Excellent share structure and well-funded with more than $11.0M in cash in the treasury. More than $17.3M (MD $9.75M – Partners $7.5M) in exploration in 2026 with min. of 15,000 metres of drilling; $5.1M private placements with Cen
Slide 57: Thanks - Merci beaucoup!!
Thanks - Merci beaucoup!! 57 www.midlandexploration.com
Midland Exploration — Investor Presentation (May 2026) on 6ix