Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to announce the
signing of a new option agreement with Japan Oil, Gas and Metals National
Corporation ("JOGMEC") for its Pallas project currently 100% owned by Midland.
The Pallas project totals 477 claims covering more than 210 square kilometres of
mineral rights in the Labrador Trough ("Trough") some 80 kilometres west of
Kuujjuak, Quebec. These new claims cover a large folded pluri-kilometric
ultramafic-mafic complex known, in this section of the Trough, for its strong
exploration potential for platinum group elements. 


As per this agreement, JOGMEC has the option to acquire a 50% undivided interest
in the Pallas project prior to March 31, 2016 by funding $2,000,000 in
exploration expenditures.


Midland will be operator as long as it will hold an interest equal to or higher
than 50% in the project. Midland is proud to join forces again with the major
Japanese leader JOGMEC, and is looking forward to the start of its first focused
exploration program by the end of February 2014.


Late last summer, Midland has completed a short reconnaissance program on the
project. In only a week of prospecting, several new platinum plus palladium
("PGE") bearing outcrops were discovered with values as high as 3.9 g/t PGE plus
gold ("PGE + Au").  


The three new PGE + Au occurrences discovered during this first phase
exploration are named Ceres, Pilet and Gaspar. On all 3 occurrences,
vari-textured gabbro (gabbro with textures and crystals varying in sizes) with
sulfides dissemination was observed over several meters ("m") in thickness
within layered gabbro. A similar reef-like unit is intimately associated with
the main sulfide zone enriched in PGE + Au at the Great Dyke Deposit in
Zimbabwe. 


In one stop, 3 grab samples collected within 50 m of each other from the Ceres
occurrence contained 2.9, 1.09 and 0.59 g/t PGE + Au respectively. This new
mineralized trend, marked by a magnetic lineament, is located 4.4 kilometres
east and parallel to the Midland's Enish mineralized trend (1.29 g/t PGE + Au
found by La Fosse Platine) which strongly suggests a structural repetition of
the Montagnais sills and opens consequently new and very extensive prospective
ground. Midland controls already a very large position in this area.  


The Pilet occurrence, returning 2.17 g/t PGE + Au, is characterized by
pyrrhotite-chalcopyrite dissemination hosted in layered intrusion comprising
fine to medium grained gabbros and associated vari-textured gabbro including
pegmatoidal portions. A grab sample taken 600 m along strike south returned 1.93
g/t PGE + Au while another one 75m to the north returned 0.56 g/t PGE + Au. 


On the Gaspar occurrence (3.9 g/t PGE + Au), thirty four of sixty six grabs
samples collected along the 2.6 kilometres that forms the Gaspar-Pilet
mineralized trend, returned values between 0.1 to 3.9 g/t PGE + Au with a 0.328
g/t PGE + Au average. 


In addition, some 14 kilometres north in the Itokawa Showing Area (1.73 g/t PGE
+ Au), several new significant PGE + Au bearing mineralized outcrops were also
discovered with one returning 3.5 g/t PGE + Au. While prospecting farther along
strike north, 5 grab samples returned 2.46, 1.54, 1.11, 0.99 and 0.77 g/t PGE +
Au respectively. This mineralized trend has been traced over more than 250m. 


Midland is encouraged by these new results which demonstrates the great
potential of the region to host significant PGE + Au mineralization. 


About Midland 

Midland targets the excellent mineral potential of Quebec to make the discovery
of new world-class deposits of gold, PGE, base metals and rare earth elements.
Midland is proud to count on reputable partners such as Japan Oil, Gas and
Metals National Corporation, Teck Resources Limited, Agnico Eagle Mines Limited,
Donner Metals Limited, Maudore Minerals Limited, and SOQUEM 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 the Company portfolio and generate
shareholder value. 


This press release was prepared by Robert Banville, senior geologist for Midland
and Qualified Person as defined by NI 43-101. 


For further information, please consult Midland's website. 

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gino Roger
President and Chief Executive Officer
450 420-5977
450 420-5978 (FAX)
info@midlandexploration.com
www.midlandexploration.com

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