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Midland Exploration Inc.: Midland Acquires a Property With Strong REE Potential in the Strange Lake Deposit Area, Quebec

^{Published on 2009-09-16 05:25:06 - Market Wire}
 

MONTREAL, QUEBEC--(Marketwire - Sept. 16, 2009) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to announce it has acquired by map staking 100% interest in 810 claims ("Ytterby Property") covering a surface area of about 358 square kilometres and located 175 kilometres northeast of Schefferville, Quebec. Inscription certificates by Quebec's Ministry of Natural Resources and Wildlife are pending. This extensive land position is strategically located 5 kilometres south of Strange Lake Rare-Earth Elements (REE) Deposit and the B-Zone REE new discovery announced by Quest Uranium earlier this year (see Quest Uranium press release dated August 19, 2009).

Midland's Ytterby strategic property covers both sides of the Quebec-Labrador border and surrounds the west and south Quest Uranium's land position. A peralkaline granitic pluton hosts the Strange Lake REE deposit (historical resource estimate, pre-National Instrument 43-101 with 52 million tonnes @ 3.25% ZrO2, 0.56% Nb2O5, 0.66% Y2O3, 0.12% BeO and 1.30% TREO) which is associated with the Mesoproterozoic Mistastin Batholite. Midland has a strong position over this 5 x 7 kilometres batholite which comprises many plutons of variable compositions including K-feldspar granites, and also biotite-bearing granites that may represent new potential REE sources.

The Strange Lake deposit has been found in the 80's by Iron Ore Company while investigating lake sediment anomalies. Based on compilation of Provincial and Federal Government lake sediment geochemistry, geological maps, mineral occurrences and airborne geophysical surveys, Midland new property is marked by extensive strong unsourced yttrium, uranium, lanthanum and beryllium lake bottom sediment anomalies combined with uranium (eU) and thorium (eTh) airborne radiometric anomalies. All these indications point to the presence of systems similar in nature to the Strange Lake Deposit and signifying that Midland's poorly explored property has a high discovery potential for intracratonic intrusion-related REE deposits.

The Strange Lake Area may emerge as a world class future source of rare earth metals. Recent geochemical analysis show the area having a high percentage of the expensive heavy rare earth elements (europium to lutetium, a series of 9 elements in the periodic table) for which the world demand should increase with the emerging green technologies like hybrid and electric vehicles, energy efficient lighting and wind power.

Plan views showing Midland's new REE strategic land position can be consulted by the following links:

To view Figure 1, please visit the following link: [ http://media3.marketwire.com/docs/FigureMidland1.pdf ]

To view Figure 2, please visit the following link: [ http://media3.marketwire.com/docs/FigureMidland2.pdf ]

To view Figure 3, please visit the following link: [ http://media3.marketwire.com/docs/FigureMidland3.pdf ]

To view Figure 4, please visit the following link: [ http://media3.marketwire.com/docs/FigureMidland4.pdf ]

About Midland Exploration

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 Mines Limited, Osisko Mining Corporation, North American Palladium Limited and Soquem Inc. 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 was prepared by Robert Banville, Midland registered senior geologist and a 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.