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Midland, in Partnership With Rio Tinto Exploration Canada, Resumes Drilling for Lithium on the Galinée Project

1. RTEC partners with Midland for lithium drilling on Galinée project. 2. 5.2M CAD approved for initial 2025 drilling phase. 3. Previous drilling found significant Li2O intersections. 4. Galinée remains strategically close to major lithium deposits. 5. Ongoing studies and drilling aim to define mineralization better.

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Why Bullish?

The partnership and new drilling campaign could lead to significant lithium discoveries, enhancing RIO's resource portfolio. Historical investments in lithium have positively impacted stock prices for major players.

How important is it?

The increase in lithium exploration activity underlines RIO's commitment to diversifying within the critical minerals sector, which could drive shareholder value.

Why Long Term?

Drilling results and subsequent resource estimates will determine long-term value addition. Historically, similar projects have led to significant investment and increased stock valuations over time.

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MDWINS
MONTRÉAL, March 03, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with Rio Tinto Exploration Canada Inc. (“RTEC”), is pleased to announce the start of a second drilling campaign for lithium on the Galinée project. The Galinée project is located approximately 5 kilometers east of the Adina lithium deposit held by Winsome Resources (“Winsome”), is wholly owned by Midland, and is subject to an option agreement signed with RTEC in June 2023 (see press release by Midland dated June 14, 2023) and amended in April 2024 (see press release by Midland dated April 23, 2024). Highlights: 5.2M CAD approved for the first phase of drilling of 2025.This second drilling program to start in March with RC drilling followed by the addition of a diamond drill in April.Drilling to (1) follow up on some of the best intersections from 2024 which remain open and to be tested further and (2) step-out throughout the property to test structural targets.High resolution (low level) drone magnetics will be flown throughout the property in March. Galinée 2024 Drilling Program The 2024 drilling program on Galinée consisted of twenty-one (21) diamond drill holes and seven (7) reverse circulation (“RC”) drill holes totalling 6,284.86 metres, out of which 819.92 metres were reverse circulation drilling. The objectives were to test the 2023 Iceberg Showing area with diamond drilling while using reverse circulation drilling to test conceptual, prospecting and geophysical targets. The drilling campaign mainly focused on the Iceberg showing and also the White Stripes, Surge, Snow Fox and White Lightning showings (see press release by Midland dated October 24, 2024). Surface geological mapping combined with drilling has identified a series of at least seven (7), meter to decameter-scale, spodumene pegmatite bodies. Drill results from holes TLIB0014, TLIB0018, TLIB0022, TLIB0023, and TLIB0026 suggest extension of the Iceberg showing to the east, while hole TLIB0020, furthermore, suggests extensions towards the west. The highlight result thus far returned core length interval composites of 1.38% Li2O over 37.86 metres, including 1.88% Li2O over 21.35 metres, in hole TLIB0007. Hole TLIB0026 returned 1.03% Li2O over 32.87 metres and hole TLIB0018 returned up to 1.46% Li2O over 27.34 metres (see press release by Midland dated December 19, 2024). The best results from the twenty-eight (28) drill holes are summarized in the table below. HoleID From (m)To (m)Interval (m)Li2O%TLIB0001 9.924.814.91.48TLIB0002 7.033.526.51.49Including14.333.519.21.85TLIB0004 201.1234.433.31,09Including217.6234.316.71.87TLIB0006 41.662.620.971.94 188.6200.111.522.47TLIB0007 105.44143.337.861.38Including121.95143.321.351.88TLIB0011 81.7191.479.761.46 157.98179.8821.91.09TLIB0012 140.5152.912.41.04 279.88295.9616.080.90TLIB0013 100.54121.0620.520.70TLIB0014 204.6218.513.91.41 277.8294.917.11.13 307.1325.418.41.20TLIB0018 46.959.112.21.02 149.9177.227.341.46 258.1280.422.340.75TLIB0020 85.6124.438.730.76TLIB0022 22.8657.9135.051.58TLIB0023 181.88206.724.820.94 293.73310.0516.321.19TLIB0026 26.3359.232.871.03(see press release by Midland dated December 19, 2024)  Correlations in sections suggest that the spodumene pegmatite bodies dip shallowly, typically less than 30 degrees, and are often observed as stacked sets in the drill holes – the drilling commonly intersected multiple mineralized pegmatite bodies with variable thickness Detailed structural studies with RTEC experts is ongoing. These are being fed into updating the geological models. Mineralogical studies show that the major lithium phase at Iceberg is spodumene with minor muscovite and cookeite alteration. Minor petalite is present, and holmquistite is often present in the amphibolitic country rock adjacent to pegmatites. The spodumene pegmatite bodies remain open along strike and to depth, and more drilling will be necessary to more precisely determine their geometry and extension. Drilling is planned to resume in March 2025, with a first phase budget of 5.2M CAD approved for a combination of diamond and RC drilling. Drilling will commence with RC drilling, followed by the addition of a diamond drilling rig in April. Drilling plans for June onwards will be results driven. Early metallurgical tests are also being evaluated on select core sections using LIBS scanning to identify and quantitatively determine grain size and the lithium mineralogy. About the Galinée Project The Galinée project is located approximately 5 kilometers due east of the Adina deposit (consolidated mineral resources of 61.4 Mt at 1.14% Li2O Indicated and 16.5 Mt at 1.19% Li2O Inferred, see press release by Winsome dated May 28, 2024) held by Winsome. This deposit is located at the contact between amphibolites of the Trieste Formation to the south and felsic intrusives to the north and is marked by a major structure that likely controlled the emplacement of pegmatites at Adina. The same highly favourable contact zone is present on the Galinée property over more than 7 kilometers, and the Iceberg lithium showing was discovered along this contact (see press release by Midland dated September 19, 2023). Cautionary Statements The true thickness of mineralized intervals cannot be determined with the information currently available. Lithium mineralization occurring at the deposits mentioned in this press release is not necessarily indicative of mineralization that may be intersected on projects held by Midland and mentioned in this press release. About Midland Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold and critical metals. Midland is proud to count on reputable partners such as RTEC, BHP Canada Inc., Barrick Gold Corp., Wallbridge Mining Company Ltd, Probe Gold Inc., Agnico Eagle Mines Limited, Electric Elements Mining Corp., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up Midland’s portfolio and generate shareholder value. Qualified Person and Chief Geologist Jean-François Larivière, P. Geo, Ph. D, prepared this press release and verified the Galinée project data as Midland’s qualified person (QP) within the meaning of National Instrument 43-101. For further information, please consult Midland’s website or contact: Gino Roger, President and Chief Executive OfficerTel.: 450 420-5977Fax: 450 420-5978Email: info@midlandexploration.comWebsite: https://www.midlandexploration.com/ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities. Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9ab5eadf-bf48-455c-b97b-e9d1ea15c6d4 https://www.globenewswire.com/NewsRoom/AttachmentNg/147837b1-5db6-4d49-a4f0-c7ac6b62fbb1 https://www.globenewswire.com/NewsRoom/AttachmentNg/425e4f79-8af6-4427-957a-a52b1a5b0eb5 https://www.globenewswire.com/NewsRoom/AttachmentNg/51f12e4f-afb7-4f71-8ca1-908d85a230d7 https://www.globenewswire.com/NewsRoom/AttachmentNg/353044f3-de27-4743-9a2b-05c1b53d37a2 https://www.globenewswire.com/NewsRoom/AttachmentNg/60499c1e-5baa-43cc-a50b-d2d0bc0e8539 https://www.globenewswire.com/NewsRoom/AttachmentNg/ee07ded9-c763-4fb3-a486-5b939c4b35ec https://www.globenewswire.com/NewsRoom/AttachmentNg/0519ff8f-10f2-433f-94eb-60e3c0c7aa4f https://www.globenewswire.com/NewsRoom/AttachmentNg/83283ec1-8222-4be2-b495-e02425abd422

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