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Midland Exploration Inc.

TICKER: TSX.V:MD

DESCRIPTION: Midland Exploration is a dynamic and aggressive mineral exploration company focused on mine discovery in one of Canada's richest mining provinces, Quebec. The company is led by a highly-respected management and technical team with a proven mine-finding track record. Midland Exploration seeks opportunities through industry partnerships.
WEBSITE: http://www.midlandexploration.com/index-en.aspx
Corporate Fact Sheet Mining Industry Report (02/12/08)

The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates.

The Gold Report b>TGR: Can you discuss any juniors you're particularly watching?

AD: I like several prospect-generator companies very much and they're all a little bit different. My favorites are Virginia Mines Inc. (TSX:VGQ), Miranda Gold Corp. (TSX, TSX-V:MAD), Rimfire Minerals Corporation (TSX-VRFM) and Midland Exploration Inc. (TSX-V:MD). . .I don't talk about Midland frequently because it is so thin. I've called it the "junior Virginia," with the same business model and focus in the same area, Quebec, which is very mine-friendly. It's got a market cap of $15 million and is a very thin trader. Let's just say that over time this has as much potential as anything I follow. View Entire Article
- The Gold Report Interview with Adrian Day (06/16/09)

The Gold Report Midland Exploration retains its partnership model and is assembling an important land package in James Bay, among other areas. Their ability to attract a major such as Agnico-Eagle suggests a good working relationship.
- The Gold Report Interview with Eric Lemieux (05/26/09)

The Gold Report "Midland announced yesterday that it acquired via staking an important blocs of claims (375 claims covering 51,891 hectares) west of Lebel-sur-Quévillon in the Abitibi region of Quebec. Midland has a 100% interest in this 4 blocs Laflamme property, which is strategically located in a prolific gold-conducive setting in a trend between the Sleeping Giant mine (Cadiscor Resources Inc.-North American Palladium) and the Comtois property (Maudore Minerals Ltd). We believe that the Laflamme property has quality targets newly defined by recent government surveys. Indeed recent till sampling surveys have identified new strong Au-Cu geochemical dispersal trains trending NE-SW that appear to originate from the Laflamme property.

We highlight that Midland's presence in the Abitibi gold camp is again strengthened with this inexpensive acquisition. Midland was quick to move on government survey results disclosed last November and assembled claims that could eventually attract a partner. We believe this acquisition highlights Midland's ability to react quickly and selectively to generate and acquire good projects and is testament of a solid pro-active technical team.

We maintain our speculative buy recommendation with a $1.25 target price on Midland shares."
-ERIC LEMIEUX, LAURENTIAN BANK SECURITIES (05/14/09)

The Gold Report "New high-grade gold intercepts have been reported by Midland Exploration on its promising Maritime Cadillac joint venture with Agnico-Eagle, one of several joint ventures Midland has throughout Quebec. This is a favorite speculation; buy but use limit orders owing the thin trading."
- Adrian Day's Global Analyst (05/03/09)

The Gold Report "Midland reported results from three holes of a six-hole 3,350m drill program on the Maritime-Cadillac project. Results from hole 141-09-21 on the Maritime East Dyke zone with a grades of 18.5 g/t Au over 0.7m and 1.9 g/t Au over 7.7m (at approximately 600m vertical depth) shows a system that continues at depth and remains open laterally.

We believe these results confirm indications that gold systems develop further at depth on the Maritime-Cadillac property. Agnico-Eagle and Midland are currently drilling hole 141-09-22 that should test the southern extensions of the Maritime West and East Dyke zones, as well as Maritime East Contact zone.

We believe that Midland has generated interesting results with hole 141-09-21 and we expect that the next holes should provide even better results. The sub-vertical and southerly plunging rake should be verified with the planned drill holes (#22 to #24). Midland is well financed with approximately $3.6 million in the treasury and has a low burn-rate because of its partnership model. We maintain a Speculative Buy with a $1.25 target price."
-ERIC LEMIEUX, LAURENTIAN BANK SECURITIES (04/29/09)

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