Midland Exploration Inc. · TSXV:MD
Midland Exploration — Investor Presentation (August 2026)
50 slides from Midland Exploration's investor presentation, August 2026
Slide 1: The Next Major Discoverer in Quebec
The Next Major Discoverer in Quebec August 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 (Cu-Ni-Li); 124.8 million shares outstanding; Management: 13%, Institutions: 50%, Retail: 37% 144.1 million shares fully diluted (incl. 11.8M warrants and 7.5M options); No de
Slide 4: Share Structure and Financial Information
Share Structure and Financial Information Share Ownership Structure Share Capitalization Centerra Common Shares Outstanding (basic) 124,802,909 BHP 9.9% 4.4% Options 7,510,000 Warrants 11,829,456 Management & Insiders Retails 13.0% 36.8% Fully-Diluted Shares Outstanding 144,142,365 Adrian Day Asset
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: High Quality Partners Since 2006!
High Quality Partners Since 2006 ! 24 Historical Option Agreements New Strategic Alliance (1) ➢ BHP : Ni Alliance ➢ SOQUEM : Ni-Cu-Au Alliance ➢ Barrick: Patris Au ➢ Rio Tinto : Tête Nord Ni ➢ Brunswick : Mythril-Elrond Li Active Option Agreements (3) ➢ Cosmos Exploration: Lasalle ➢ SOQUEM (3) : Gat
Slide 7: Recent Highlights
Recent Highlights Private placement completed ($5.3M) including new strategic investors; IP survey completed on Caniapisc Au Project with several new anomalies (drilling targets); Drilling program on Jouvex and Casault gold projects (6,000 m); New high-grade lithium-cesium intersections with Rio Tin
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 / NMEF (Ni-Cu-Co) Midland SOQUEM (Cu-Au-Zn) Midland / Wallbridge (Au) Midland / Caniapisc Au (Au-Ag) Midland / Fresnillo (Au) Midland / Rio Tinto (Li) Midland / Agnico Eagle (Au) Midland / Barrick (Au) Abitibi Gold Belt Midland / Tête Nor
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 Drilling upcoming Mag HR Drilling upcoming Prospecting upcoming Jeremie Casault Nomans Wallbridge Option Gaudet Fenelon Fresnillo JV Lewis 100% Midland Fleuribleu Barrick Option Adam Lac Olga Samso
Slide 12: 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 13: Patris Project – Geology
Patris Project – Geology Fayolle (Typhoon) 10.2 g/t Au over 5.0 m 15.5 g/t Au over 3.0 m 12.1 g/t Au over 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 over 1.20 m Lac Patris Showing 38.7 g/t Au (Grab Sample) La Pause Fault Patris P
Slide 14: 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 15: 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 16: 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 16 16
Slide 17: James-Bay Midland's Projects
James-Bay Midland’s Projects QUÉBEC Midland James-Bay Abitibi Gold Belt Montréal 17
Slide 18: 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 19: 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 Mythril East Mirage (East block) (Brunswick) 1.55% Li2O Mythril project Lasal
Slide 20: 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 21: 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 22: Midland Projects: Eeyou Istchee James Bay
Midland Projects: Eeyou Istchee James Bay Intrusive Mythril , Mythril Sedimentary East,Tilly, Chisaayuu Volcanic & Corvette Galinée Dhilmar Canada Inc. Éléonore Gold Mine Shaakichiuwaanaan Li pegmatites (Patriot Battery Adina Li (Winsome) Caniapisc Au Metals) Komo Moria Stornoway Diamond Corp. Renar
Slide 23: 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 24: 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 24 24
Slide 25: 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 26: 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 27: 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 28: 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 29: 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 September 9, 2025 29 29
Slide 30: 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 30 30
Slide 31: Caniapisc Au: IP Chargeabiliy
Caniapisc Au: IP Chargeabiliy Boulder; 19.2 g/t Au Body of water Gold showing Boulder; 1.50 g/t Au 1 Midland Outcrop 2 Boulder; 11.9 g/t Au Boulder; 24.5 g/t Au Boulders glacial dispersal Boulder; 3.50 g/t Au Bloc Boulder; 5.35 g/t Au (resampling of 14.3 g/t Au) (See Midland's press releases dated S
Slide 32: Fieldwork – Soils To Be Investigated/Excavated
Fieldwork – Soils To Be Investigated/Excavated -Approximately fifteen soils (>25 ppb) to be excavated (white circles). -Soils >10 ppb Au will be inspected. -3-4 days of work with 3 teams. 32 32
Slide 33: Fieldwork – Soils To Be Investigated/Excavated
Fieldwork – Soils To Be Investigated/Excavated EM7 EM6 Nine (9) EM anomalies to investigate EM8 (black circles) EM5 -2-3 days of work with 3 teams EM4 EM3 EM2 EM9 EM1 33 33
Slide 34: 2026 Soil Geochemistry Survey
2026 Soil Geochemistry Survey: 2026 Soils 2025 Soils -A geochemical survey of approximately ± 600 soil samples will be conducted in targeted areas across the entire property. (lines at 400m intervals, samples at 200m intervals). -Targets: high MAG fold in the center and extension to the north; low M
Slide 35: Labrador Trough Midland's Projects
Labrador Trough Midland’s Projects Midland / Willbob (Au) Midland / NMEF (Ni-Cu-Co) Midland / Papavoine (Ni-Cu-Co) Midland / SOQUEM (Ni-Cu-Au) Abitibi Gold Belt 35
Slide 36: 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 2023-2025 Showings Nachicapau mineralized veins Historical Cu showings AOI Midland-SOQUEM AOI Midland-BHP New area of AOI NMEF 2024-2025 Claims Midland-SOQUEM Nac
Slide 37: 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 38: 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 38
Slide 39: 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 39 39
Slide 40: 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 41: 2026 Fieldwork – Nachicapau
2026 Fieldwork – Nachicapau 1. Monitoring on the chargeability and conductive horizon, Little worked and similar characteristics to Horizon 2022 Shale Unit UM a Chlorite-Magnetite with digenite, chalcocite, disseminated malachite? 2. Verification of DDH locations Horizons 2022 3. Emphasis on lithoge
Slide 42: Labrador Trough Alliance Malaco Mountain project
Labrador Trough Alliance Malaco Mountain project Figure 1a Figure 1b Ungava Bay Labrador Sea 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 (Fort M
Slide 43: 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 44: 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 45: 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 46: Willbob-Kan Project Location
Willbob-Kan Project Location Figure 1 New acquisition Kan Project 100% Midland Projet Ni-Cu-Co Papavoine Midland Midland-NMEF JV Ni-Cu Papavoine Nachicapau 2023-24 Cu-Au New discovery Soissons Ni-Cu-Co 100% Midland Malaco Mountain Cu-Au Strategic Alliance 2025 Cu-Au Midland-SOQUEM New discovery 46 4
Slide 47: 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 48: 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) 48 48
Slide 49: Why Choose Midland Exploration
Why Choose Midland Exploration Strong management and technical team; Excellent share structure and well-funded with more than $14.0M in cash in the treasury. More than $12.0M (MD $9.75M – Partners $2.25M) in exploration in 2026 with min. of 15,000 metres of drilling; $5.1M private placement with Cen
Slide 50: Thanks - Merci beaucoup!!
Thanks - Merci beaucoup!! 50 www.midlandexploration.com
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