MD Sets Stage for New Discoveries

ERIC LEMIEUX, Laurentian Bank Securities (04/01/2010)
"We believe that the following elements make Midland Exploration a convincing investment:
  1. Assembling an Impressive Land Position
  2. Several Drilling Programs
  3. Dynamic Explorer and Quality Management
We maintain that Midland has the capacity of laying the foundations for discoveries by virtue of the quality and dynamic exploration team. Highly proactive, coupled with a focused, thorough and innovative exploration philosophy, we reiterate our Speculative Buy rating with a target price of $1.75 on Midland shares.

We believe that Midland is well positioned to benefit from what we consider may be an upcoming favorable environment for quality gold and rare earth explorers. We maintain that Midland has quality projects in a stable jurisdiction and is poised for discoveries. Management is establishing a track record of thorough compilation, generating and acquiring solid projects and establishing good, focused exploration programs. Partnerships with Osisko Mining Corporation, Agnico-Eagle Mines Limited, North American Palladium, JOGMEC (Japan Oil, Gas and Metals National Corporation) attest to the quality of Midland's management and growing recognition as a quality project generator."

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