IP Inca Pacific Resources

Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to report that
drilling will resume on new high-priority targets recently identified in the
vicinity of the two gold and Ni-Cu-PGE discoveries made in 2011 on the Laflamme
property in Quebec. These targets were identified as a result of recently
completed surface geophysical surveys, including an induced polarization survey
("IP"), ground-based electromagnetic surveys ("TDEM") as well as a downhole
electromagnetic survey ("PEM"). This project is a joint venture with North
American Palladium Ltd. ("North American Palladium"). 


The new diamond drilling program, totalling at least 3,500 metres, is scheduled
to begin in mid-February and is designed to test several new geophysical targets
strategically located along the extensions of the two Au and Ni-Cu-PGE
discoveries made during the summer of 2011.


New EM target identified at depth near the Ni-Cu-PGE discovery 

In January 2012, ground-based electromagnetic surveys (TDEM) and a downhole PEM
survey in drill hole LA-11-08 led to the identification of a very conductive
body (strong off-hole anomaly), located below and about 25 metres from drill
hole -08. This new target is spatially directly related with the drill intercept
that graded 0.66% Ni, 0.35% Cu, 0.17 g/t Pt, 0.16 g/t Pd, 0.11 g/t Au and 1.4
g/t Ag over 8.0 metres, including a higher-grade interval at 1.55% Ni, 0.53% Cu,
0.26 g/t Pt, 0.28 g/t Pd, 0.13 g/t Au and 1.9 g/t Ag over 1.6 metre (see Midland
press release dated June 15, 2011). Midland and North American Palladium are
encouraged by the quality of this new geophysical target located in a highly
prospective geological setting for Ni-Cu-PGE-rich semi-massive to massive
sulphide lenses associated with ultramafic rocks. Drill hole LA-11-08 will also
be deepened, then tested again with the PEM to better define an incipient
response obtained near the current end-of-hole, which might possibly indicate
the existence of another anomaly at greater depth.


New IP targets near the gold discovery 

In the vicinity of the gold discovery, an induced polarization survey was
recently completed along a grid covering the area near LA-11-11, which graded
9.71 g/t Au over 1.0 metre (see Midland press release dated July 13, 2011). This
IP survey detected the presence of three new chargeability anomalies a few
hundred metres in length that have never been tested. These anomalies are
located west of discovery hole LA-11-11, which intersected a new gold-bearing
structure in the summer of 2011. This structure is hosted in gabbro and is
characterized by an altered shear zone exhibiting quartz veinlets with 2-3%
pyrite mineralization. At greater depth along the same hole, another interval
with quartz-tourmaline-pyrite veining graded 1.1 g/t Au over 1.0 metre, from
297.6 to 298.6 metres.


Helicopter-borne VTEM survey 

In September 2011, a major regional-scale helicopter-borne electromagnetic
VTEM-type survey totalling 560 kilometres was completed along the extensions of
the Ni-Cu-PGE discovery. Interpretation of the survey results indicates the
presence of several new high-priority anomalies, which will be followed up in
the field over the next few months in preparation for an upcoming drilling
program.


The Laflamme property now consists of 680 claims for a total surface area of
about 30,085 hectares in the prolific Abitibi region in Quebec. North American
Palladium recently acquired 50% interest in the Laflamme project and may earn an
additional 15% interest by completing a feasibility study.


Quality Control 

The exploration program on the Laflamme project is conducted by North American
Palladium and data are reviewed by Mario Masson, Vice-President Exploration for
Midland and Qualified Person as defined by National Instrument 43-101. Assay
samples are taken from NQ-size drill core sawn in half; one half is shipped to a
commercial laboratory and the other half is kept for future reference. Assays
were conducted by ALS-Chemex-Chimitec in Val-d'Or, and included blanks and
standards inserted in the sample stream as a quality control procedure. The
attitude of the zone is not yet known and the intersection width may not be true
width.


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 rare earth elements. Midland is proud to count on reputable
partners such as North American Palladium Limited, Agnico-Eagle Mines Limited,
Osisko Mining Corporation, Aurizon Mines Limited, Japan Oil, Gas and Metals
National Corporation 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.


About North American Palladium 

North American Palladium is an established precious metals producer that has
been operating its flagship Lac des Iles mine (LDI) located in Ontario, Canada
since 1993. LDI is one of only two primary producers of palladium in the world,
and is currently undergoing a major expansion to increase production and reduce
cash costs per ounce. North American Palladium also operates the Vezza gold mine
located in the Abitibi region of Quebec. The Company's shares trade on the NYSE
Amex under the symbol PAL and on the TSX under the symbol PDL. For more
information, please visit www.nap.com. 


This press release was prepared by Mario Masson, VP Midland Exploration and
Qualified Person as defined by NI 43-101. For further information, please
consult Midland's website.


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.

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