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Midland Exploration Inc.: Midland Exploration Inc.: Amendment to Stock Option Plan

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  Published in Health and Fitness on Friday, March 13th 2009 at 14:33 GMT, Last Modified on 2009-03-13 14:33:54 by Market Wire
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MONTREAL, QUEBEC--(Marketwire - March 13, 2009) - Midland Exploration Inc. ("Midland" or "Company") (TSX VENTURE:MD) announces that it has amended its stock option plan (the "Stock Option Plan"). The amendment increases the maximum number of shares issuable upon exercise of the options granted to directors, officers, key employees and consultants of the Company pursuant to the Stock Option Plan from 2,000,000 to 3,000,000. Such number represents less than 15% of the total number of shares issued and outstanding. The amendment was ratified by the shareholders of the Company at the annual and special meeting held on February 19, 2009 and was conditionally approved by the TSX Venture Exchange.

About Midland

Midland targets the excellent mineral potential and the favourable investment climate of Quebec to make the discovery of new world-class deposits of gold, base metals and uranium. Midland is proud to count on reputable partners such as Agnico-Eagle, Soquem Inc. and Quest Uranium Corporation. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Midland is currently evaluating new opportunities and other projects in order to increase the portfolio of the Company.

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.

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.