A NEW MINE FINDER IN QUEBEC - The Energy Report · MIDLAND CASAULT STATEGIC GOLD PROJECT NEW GOLD INTERSECTION Hole CAS-12-07: 10.4 g/t Au over 1.45 m Balmoral Resources: New Bug

A NEW MINE FINDER

IN QUEBEC

MIDLAND EXPLORATION INC2014 Corporate Presentation

MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES 1

MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES

CAPITAL STRUCTURE

Company is listed on the TSX Venture as MD

30.3 Million Shares Outstanding:

Management:12%, Institutions:41%, Retail:47%

32.5 Million Shares Fully Diluted

52 week high/low $1.00 - $0.58

No Debt, $3.8 Million Cash in Treasury


Prospect Generator / Joint-Venture Model

Quebec Focus

Strong Technical Expertise

World Class Gold, BM, PGE and REE deposits.

Using New Exploration Technologies

Diversified high quality projects portfolio located in the backyard of major world class deposits.

(19 projects, 5,645 claims for 2,525km2)

MIDLAND EXPLORATION STRATEGY



MIDLAND TARGETS QUEBEC

Many world class recent discoveries.

Excellent mining infrastructure available within target area.

Government support; Many tax credits advantages.

Exploration costs remain low.

Exceptional Geological database.

STRONG MANAGEMENT EXPERTISE

JEAN-PIERRE JANSONChairman and Director

GERMAIN CARRIÈREDirector

GINO ROGERCEO and Director

RENÉ BRANCHAUDSecretary and Director

INGRID MARTINChief Financial Officer

BOB VALLIANTDirector

LEGAL ADVISORS

CONSULTANTS

Technical Team- Mario Masson (Vp Explo.)- Robert Banville- Jacques Bonneau- Michel Gauthier- JF Larivière- Richard St-Cyr- Sandro Bourassa


MIDLAND ACTIVE PROJECTS LOCATION

ABITIBI GOLD BELT

Midland/Maudore (Au)

Midland/Agnico-Eagle (Au)

Midland Gatineau (Zn)

Midland /JOGMEC (REE)

Midland Weedon (Cu-Zn-Au)

Midland Abitibi (Au)

Midland James Bay (Au-Fe)

Midland / JOGMEC (PGE)

Midland/ Teck (Au)


Midland/Donner (Au)

GOOD QUALITY PARTNERS

Teck (MD operator)

Agnico-Eagle (AEM operator)

Donner (MD operator)

Maudore (MD operator)

JOGMEC (MD operator)

SOQUEM (SOQ operator)

More than $4.0M of exploration in 2014

Including more than 8,000 m of drilling

MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIESMIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES 7

ABITIBI GOLD BELT

QUEBEC

CANADA

Montreal

Midland Eleonore (Au)

Midland (Mo-Cu)

NEW PARTNERSHIP OPPORTUNITIES

Midland Gold Projects


Midland Weedon (Cu-Zn-Au)

Midland James Bay (Au)

Midland (Fe-Au)

Midland Gatineau (Zn)


MIDLAND RECENT HIGHLIGHTS

Several drill programs completed during 2013-14 with discoveries of new gold zones.

New strategic gold and PGE acquisitions with Héva, Pallas, Samson and La Peltrie properties .

New strategic Gold and Ni-Cu claims acquisition in the Elonore, Detour and Balmoral property areas.

Signature of 2 new option deal agreements with Donner in December 2013 and September 2014.

Signature of a new option deal agreement with JOGMEC in January 2014.

Several discussions with producers for our Casault Jouvex and Héva gold projects.


Midland Active

Partnership Projects

Highlights



Gold Camps, Mines & ProjectsMidland Gold Projects

Warning : The historical productions (onces of gold) indicated on this figure

represents only estimates and are not 43-101 compliant.

Ontario

Queb

ec

Midland/Teck

Patris Project (Au)

Destor-Porcupine Fault Zone

Larder Lake-Cadillac Break

N

Mafic Volcanics

Felsic Volcanics

Ultramafics

Sediments

Mafic Intrusives

Felsic Intrusives

Midland/Agnico Eagle

Maritime Cadillac JV (Au)

MATAGAMI CAMPSELBAIE

Midland Casault

Project (Au)

GEANT DORMANT

(Hist. Production)

> 1 Moz Au

TIMMINS

(Hist. Production)

> 70 Moz Au

DOYON—BOUSQUET

(Hist. Production)

> 25 Moz Au

HOLLOWAY –

MCDERMOTT

(Hist. Production)

3.8 Moz Au

BEATTIE &

DONCHESTER

(Hist. Production)

1.5 Moz Au

CASA BERARDI

(Hist. Production)

> 2 Moz Au

MALARTIC

Proven & Probable

Reserves 43-101

of 10.7 Moz Au

KIRKLAND LAKE /

LARDER LAKE

(Hist. Production)

38.8 Moz Au

VAL D’OR

(Hist. Production)

18.4 Moz Au

COMTOIS

Inferred Resource 43-101

of 1.2 Moz Au

ROUYN-NORANDA

(Hist. Production)

19.5 Moz Au

Midland/Maudore

Laflamme JV (Au-Ni-Cu-PGE)

VEZZA PROJECT

DOUAY PROJECT

DETOUR LAKE

Reserves of 15.5 Moz Au

Midland /Donner

Valmond Project (Au)

Midland Jouvex

Project (Au)

Midland Héva

New Project (Au)

100

kilometers

500

Midland / Donner

Sansom Project (Ni-Cu-PGE & Au)

Midland La Peltrie

New Project (Au)

NEW MIDLAND PARTNERSHIPS – ABITIBI GOLD PROJECTS

MIDLAND UNEXPLORED MARITIME CADILLAC PROPERTY

200m

1000m

600m

400m

800m

Explored AreaMaritimeCadillac

GoldResoucre

1000m

Sud Est

MARITIME CADILLAC

TonawandaGold

Resoucre

AGNICO - EAGLE

0

LAPA ZULAPA

Tonawanda Zone

Contact Zone

Ouest

PANDORA

NorthBranchZone

KeelContactZone

SouthBranchZone

GLOBEXOSISKO

Cadillac-Larder Lake Fault Zone - Longitudinal Section


MIDLAND – AGNICO-EAGLE JV

2006 Gold Discovery2008-09 Gold Discovery

New Drift

Drill Program of 2,373 m completed in 2013

3D-GOCAD compilation in progress

Technical meeting early June

141-13-35

1.5 g/t Au / 18.9 m

Incl. 1.85 g/t Au / 12.9 m

141-10-26

8.6 g/t Au / 5.5 m

Incl. 13.8 g/t Au 3.0 m

141-10-23

1.7 g/t Au / 37.85 m

Incl. 2.3 g/t Au / 24.0 m

Incl. 12.6 g/t Au / 1.5 m

141-10-33

5.4 g/t Au / 2.5 m

Incl. 7.2 g/t Au 0.7 m


LAPA GOLD MINE


AEM / AEM-MD JV Boundary

Annual Production:

100,000 oz at 6g/t Au

Proven and Probable:

400,000 oz at 5.95g/t Au

Recent new gold

discoveries at Zulapa


Drill Program of 50,000 m in progress

PATRIS NEW PARTNERSHIP WITH TECK

2011 DISCOVERY

0.48 g/t Au / 17.0 m

Gold Showings Gold Mines New Gold Discovery

Gadoury Showing

6.3 g/t Au / 0.98 m

Lac Patris Showing

38.7 g/t Au (grab)

15.6 g/t Au / 1.0 m

McDermott Showing

8.6 g/t Au over 1.20 m

Mafic Volcanics

Felsic Volcanics

Sediments

Mafic Intrusives

Felsic Intrusives

Midland Property Limit

2013 New Showing Discovery

15.5 g/t Au (grab)

PATRIS PROPERTY

218 claims for 90 km²

Westwood Mine

Measured+Indicated Resource

533,000 oz Au

Inf. Resource 3.26 Moz Au

LaRonde MineProduction 4.3 Moz Au

Proven+Probable Reserves 4.2 Moz Au

MIDLAND / TECK OPTION

$ 3 M over 4 years for 50%

Up to $10.5 M for 65%


A 2,000 m Drill Program stand by until the

CPTAQ permit approval


Midland Properties

Midland New Samson Property

Balmoral Grasset

New Ni-Cu-PGE Discovery1.79% Ni, 0.19% Cu, 0.42 g/t Pt, 1.04 g/t Pd

over 45.28 metres

Casault Project (Au)

Balmoral Martiniere

& Bug Lake Zones1,138 g/t Au over 4.8 m

Samson New Project

(Ni-Cu-PGE & Au)

Donner Option

Douay

Jouvex Project (Au)

B-26 Zone

Casa Berardi Mine

Reserves 1.4 Moz Au


Donner Option

Balmoral (Martiniere-Fenelon-Grasset) Properties

SAMSON NEW ACQUISITION

Mafic Volcanics

Felsic Volcanics

Ultramafics

Sediments

Mafic Intrusives

Felsic Intrusives

Detour Lake Mine

Reserves 15.5 Moz Au

Former Selbaie Mine

Prod. 56.5 Mt @ 0.9% Cu,

1.9% Zn, 38 g/t Ag , 0.6 g/t Au

Ontario

Queb

ec

Detour Gold

(Lower Detour New Zone)

11.82 g/t Au / 32.4 m

12.74 g/t Au / 28.0 m


10 KM

Balmoral’s Grasset Ni-Cu-PGE Discovery

Balmoral Grasset Ni-Cu-PGE

New Discovery1.79% Ni, 0.19% Cu, 0.42 g/t Pt, 1.04 g/t Pd

over 45.28 metres

Samson property

Balmoral Lac Hugo

Prophyry Gold target

7.8 g/t Au / 7.2 m6.3 g/t Au / 2.7 m

4.3 g/t Au / 12.2 m

3.7 g/t Au / 4.0 m

3.6 g/t Au /3.1 m

1.2 g/t Au / 10.0 m

1.9 g/t Au / 1.0 m

Detour Lake

Resource of >20.5 Moz Au

Massicotte Deformation Zone

2.2 g/t Au / 1.2 m

Mafic Volcanics

Felsic Volcanics

Sediments

Mafic Intrusives

Felsic Intrusives

Midland Property Limit

MIDLAND CASAULT STATEGIC GOLD PROJECT

NEW GOLD INTERSECTION

Hole CAS-12-07: 10.4 g/t Au over 1.45 m

Balmoral Resources:

New Bug Lake discovery: 8.25 g/t / 14.53 m

1,138 g/t / 4.87 m


Granodiorite

Basalt

MetaDiorite

Tuffs

I3A

Pegmatite

Alteration Zone (Sericite-Quartz) over 13.75 m

Incl. 10.4 g/t Au over 1.45 m (10-15% Py)

VTEM Anomalies

CASAULT DRILLING HOLE 28-A

Hole 28-A was ended in a

mineralized zone strongly

anomalous in Gold!!!!!!!

(0.3 g/t Au over 10m)



Midland PropertiesMidland New La Peltrie Property

Balmoral Grasset

New Ni-Cu-PGE Discovery1.79% Ni, 0.19% Cu, 0.42 g/t Pt, 1.04 g/t Pd

over 45.28 metresCasault Project (Au)

Balmoral Martiniere

& Bug Lake Zones1,138 g/t Au over 4.8 m

Samson New Project

(Ni-Cu-PGE & Au)

Donner Opt

Douay

Jouvex Project (Au)

B-26 Zone

Casa Berardi Mine

Reserves 1.4 Moz Au


Donner Opt

LA PELTRIE NEW ACQUISITION

Mafic Volcanics

Felsic Volcanics

Ultramafics

Sediments

Mafic Intrusives

Felsic Intrusives

Detour Lake Mine

Reserves 15.5 Moz Au

Former Selbaie Mine

Prod. 56.5 Mt @ 0.9% Cu,

1.9% Zn, 38 g/t Ag , 0.6 g/t AuOn

tari

o

Qu

eb

ec

La Peltrie

New Project (Au)Detour Gold

(Lower Detour New Zone)

11.82 g/t Au / 32.4 m

12.74 g/t Au / 28.0 m

MIDLAND JAMES BAY PROJECTS

Goldcorp Inc.Éléonore Deposit

4.17 Moz at 10.80 g/t Au (Inferred)3.03 Moz at 7.56 g/T Au (Probable Reserve)

0.48 Moz at 10.95 g/t Au (Measured & Indicated)

Eastmain Ressources Inc.Eau Claire Deposit


1.148 Moz at 5.48 g/t Au (Inferred)

Virginia Mines Inc.LaGrande Sud

350 000 oz at 1.5 g/t Au

Eastmain Ressources Inc.Eastmain Mine

91 500 oz at 8.3 g/t Au (Measured)788 600 oz at 9.10 g/t Au

(Indicated)Not NI 43-101 compliant

Virginia Mines Inc.Orfée Zone

95 000 oz at 14.5 g/t Au)

Lasalle Property

North Whip Showing: 5.68 and 4.08 g/t Au

Golden Idol Showing: 9.10 g/t Au

Galinée Property

Pankot’s Palace Showing: 5.22 g/t Au

Legend

Granitic Rock

Metasediment

Tonalitic Rock

Gneiss

Mafic Metavolcanic

Midland Properties

Symbols

Geology

Known Gold Deposit

Guyer

Property

37.10 % Fe

JAMES BAY

ÉLÉONORE PROJECT

JAMES BAY GOLD

PROJECT

Montagne-du-pin

Property

32.20 % Fe

Éléonore Centre Property

Golden Gun Showing: 18.80 g/t Au

Golden Gun South Showing: Up to 3.30 g/t Au

50 km

N

Virginia Mines Inc.Wabamisk

New discovery23.28 g/t Au over 4.6 m

Stornoway Diamond Corp.Renard Project

Sirios Ressources Inc.Cheechoo

New discovery0.65 g/t Au over 128.6 m

Including 1.09 g/t Au over 56.0 m


New claims

acquisition


Inex

50.9 g/t AuSmiley

4.2g/t Au/1m

JT

5.3 g/t Au /8.0m

9.0 g/t Au/1.2m

5.1 g/t Au/1.0m

5.0 g/t Au

9.0 g/t Au

2.95 g/t Au

Chee-Choo

1.09 g/t Au /56.0m

Goldcorp Inc.Éléonore Deposit

4.17 Moz at 10.80 g/t Au (Inferred)3.03 Moz at 7.56 g/T Au (Probable Reserve)


MIDLAND NEW LAND POSITION – MAG LINEAMENTS

New claims

acquisition

Golden Gun

13.60 g/t Au

18.80 g/t Au

ELEONORE 2014 PROGRAM


Gold Finger

1.01 g/t Au

Golden Gun

13.60 g/t Au

18.80 g/t Au

Golden Eye

1.90 g/t Au

Golden Gun

South

2.75 g/t Au

M

0.96 g/t Au

Mafic Volcanic

Conglomerat

Sediment

Intrusive

Gneiss

Pegmatite

Felsic Volcanic

Legend

More trenching over the

Golden Gun area in 2014

Complete the IP coverage

along the Éléonore NS gold

structure in 2014

Golden Gun West

11.00 g/t Au

Lac la Fortune: 18.1 g/t PGE, 13.5 g/t PGE

Magmatic PGE dominant ± (Cu-Ni) – Sulfur reef

type and/or contact-type in Ultramafique –

mafique intrusions (Montagnais Sill)

Magmatic Ni-Cu dominant ± (PGE) –

(Sulfures massif) Ultramafique – mafique

intrusions

Palladin, Gillet: 5.5 g/t Pd, 0.7 g/t Pt

YtterbyVoisey’s

Bay

Impala-NRN Idefix16.2, 10.7, 7.8 and 6.6 g/t PGE / 1.0m

48 claims

407 claims

MIDLAND PGE PROJECT LOCATION – LABRADOR TROUGH


Thévenet Nord2.17 g/t PGE+Au Thévenet sud

1.45 g/t PGE+Au

Gelinas1.29 g/t PGE+Au

EnishUp to 4.9 g/t PGE+Au

IDEFIX16.2 g/t PGE+Au

Itokawa2.46 g/t PGE+Au

Vesta0.33 g/t PGE+Au

Juno0.54 g/t PGE+Au

Gaspar3.89 g/t PGE+Au

Midland Properties (407 cl./183 km2)

Lafortune13.5 g/t PGE+Au

MIDLAND NORTH BLOCKS – PGE+Au SHOWINGS

Other Companies

Mafic Volcanics

Ultramafic-Mafic Sill

Metasediments/Amphibolite

Sediments

Gneiss

Midland Showings

New Claims Block and New Ceres Showings up to 4.3 g/t PGE+Au


PALLAS PROPERTY

417 claims for 217 km²

New Athena Showingsup to 12.6 g/t PGE+Au

COMING UP FOR MIDLAND EXPLORATION

Continue to form new strategic partnerships for our Au and BM projects. Discussions in progress with new potential partners. High priority in the Detour trend.

Initiate a first exploration program on Samson with Donner.

New drill target generation with GOCAD 3D modeling and compilation in progress with Agnico-Eagle on Maritime-Cadillac.

Initiate a first drill program with Teck on Patris.

BJ Eleonore exploration program recently completed and assays pending. Field program will resume in October 2014.

A first phase of exploration on Pallas PGE in progress.


THE NEXT VIRGINIA?

The next Virginia? That’s quite a claim. Notwithstanding the long odds against success in exploration, we are

confident saying that Midland has the ingredients necessary for eventual success and to justify that extravagant

claim.

Midland is an exploration company, following the prospector generator model pioneered and made successful by

Virginia. In this business model, explorers typically do initial work spending modest amounts of their money before

finding joint venture partners who earn into the project by spending the money. They give away most of the upside

in any specific project, but by maintaining their cash balances, they live to fight another day, building a portfolio of

minority interests in multiple properties, which greatly enhances the odds of eventual success.

Numerous properties in mine-friendly Quebec

Like Virginia, Midland focuses on the province of Quebec, one of the most mining-friendly jurisdictions in the world.

It has numerous projects (as many as 50 separate properties), in diverse resources, mostly gold, uranium, zinc,

copper and molybdenum.

It is building a portfolio of active projects under joint venture, with strong partners, including Agnico Eagle, Quest

Uranium, and Soquem. Prime among its projects are a gold project in an underexplored part of the prolific Abitibi

belt; grass-roots gold projects, strategically located in the exciting James Bay region (the site of Virginia’s Eleonore

discovery, and where that company is now focusing its attention); and uranium exploration, also in the James Bay

area, with well-funded junior Quest. It is also seeking partners for moly and base metals projects.

Gold and uranium properties show promise

On all the properties currently being worked, Midland and its partners have seen very favorable results, though

some are still early stage. Agnico is planning a new drill program on the Maritime Cadillac property (Abitibi) while

the James Bay exploration has found several new gold outcrops giving it several strong targets for further

exploration.

Over time, we expect development of these properties, as well as new joint ventures to be formed. The company is

still generating prospects, though this is not the easiest market in which to get funding partners, particularly in the

base metals. But it is building a strong and deep portfolio which will give it opportunities for years to come.

Strong management and lots of cash

Midland also has the other key ingredients necessary for increasing the odds of success: people and money. The

company is headed by Gino Roger, ex-Noranda, a strong explorationist and good negotiator, backed by a team of

experienced and successful field geologists.

The company is also well financed, with cash well over C$3 million, not much less than it had when it went public

18 months ago. With its minimal burn rate, currently around C$300,000 a year, this is sufficient for years to come,

and the company has no need to raise more cash. (If it does, it would likely be an accretive acquisition or similar.)

Be a patient buyer

With a market cap just over C$6 million (minimal 10% dilution from options), Midland is small and a very thin trader;

indeed, many days, there is not a single share traded. (Shares have traded just two days this month, the last time,

on Thursday less than $1,000 worth!) Indeed, I’ve hesitated to recommend it simply because it is so thinly traded,

but given the decline in the market even as the fundamentals have improved, we have a good cushion.

Nonetheless, this is not a stock to chase, but rather to place a good-til-cancelled limit order and wait patiently. Let

the stock come to you, which it may well do in the year-end tax-loss selling. If not, we are fully prepared to pay

more if need be, but for now, let’s place our limit at C$0.33 and see if there’s someone out there desperate to sell!

P.O. BOX 6644

ANNAPOLIS MD

21401

410.224.8885

BULLETIN NO. 394

11 A.M. 15th

DECEMBER, 2008

3 PAGES

ANALYSTS RECOMMENDATIONS


Midland Exploration: Hedging Investor Risk Exploring for Gold, Silver, Rare Earths, Platinum Group Metals By: Peter Spina, President of GoldSeek.com

ANALYSTS RECOMMENDATIONS - A NEW ONE BEHIND MD



Management team and technical expertise.

Excellent capital structure and well funded.

Attractive and successful JV business model.

Important option agreements with Teck,

Agnico-Eagle, Donner (2), Maudore, JOGMEC and

SOQUEM. Many more to come.

New gold, PGE, base metal and REE discoveries

with excellent potential for world class major

deposits.

WHY CHOOSE MIDLAND EXPLORATION


www.midlandexploration.com

THANKS – MERCI BEAUCOUP !

Documents

A NEW MINE FINDER IN QUEBEC - The Energy Report · MIDLAND CASAULT STATEGIC GOLD PROJECT NEW GOLD INTERSECTION Hole CAS-12-07: 10.4 g/t Au over 1.45 m Balmoral Resources: New Bug