Midland Signs Agreement with Barrick for Lewis Gold Property

MONTREAL, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. ("Midland") (TSX-V: MD) is pleased to announce the signing of a definitive option agreement with a wholly-owned indirect subsidiary of Barrick Mining Corporation ("Barrick") for the Lewis gold property (the “Property”), currently wholly-owned by Midland and located about 60 kilometres southwest of the town of Chapais in the Abitibi, Quebec (the “Transaction”).

Midland Exploration Inc. has recently announced a significant development in the mining sector with the signing of a definitive agreement with Barrick Gold Corporation. This agreement pertains to the Lewis Gold Property, a strategically important mining site located in the province of Quebec, Canada.

The Lewis Gold Property covers an area of approximately 2,160 hectares and is part of a highly prospective gold belt. Midland has been actively exploring this area and believes that the partnership with Barrick Gold will bring additional resources and expertise to enhance exploration and development efforts.

This partnership is expected to leverage Barrick's extensive experience in gold mining operations and its vast resources. Midland anticipates that Barrick’s involvement will accelerate exploration activities, lead to new discoveries, and ultimately contribute to the economic viability of the Lewis Gold Property.

As per the terms of the agreement, Barrick will earn an initial interest in the property by financing a series of exploration programs. The specifics of the funding and operational details are still under discussion, but both parties are optimistic about potential yields.

The agreement marks an important step for Midland, which has focused on building partnerships to enhance its exploration capabilities. The collaboration with a major player like Barrick is expected to position Midland favorably in the competitive mining landscape.

Stakeholders have expressed excitement over this development, viewing it as a positive move for not only Midland but also for the local economy, potentially leading to job creation and increased activity in the region. The company plans to keep the market updated on further developments as the exploration proceeds.