URANIUM JAMES BAY PROJECT

Uranium James Bay Presentation (PDF)

Midland Exploration acquired 339 claims in the James Bay region in northern Québec. These new claims totalling132.0 km² are held 100% by Midland Exploration Inc. The project area is readily accessible using Hydro Québec's James Bay Hydroelectric Installation all-weather road infrastructure.

The Midland new claims are considered to be highly prospective for unconformity associated uranium deposits. The James Bay region presents various similarities with the Athabaska Basin with the presence of many uranium resources and showings above, at, or below the unconformity separating the Sakami Proterozoic sediments from the underlying Archean basement. These new claim blocks are now referred to by Midland as the Seggau and the Ganiq properties.

The Seggau property includes an area where S.E.S. mining group has discovered in the seventies more than 47 radioactive boulders over more than 2 kilometres. Analytical results indicated values ranging from 1 to 2% uranium along with some nickel values. The Seggau boulder train remains unsourced. According to S.E.S., this uranium-nickel association is considered very significant and could correspond to a post mineralization activity commonly observed in the Athabaska basin. This new property is also located next to the Sannon uranium vein which returned values up to 6.28% uranium. The Seggau boulder train and the Sannon vein are located at the northern side of the LG4 basin near the base of the Sakami Proterozoic Formation.

The Ganiq property is located at the eastern part of the LG3 basin which is known to include the most important concentration of uranium showings in the James Bay region. The property also includes a 3 kilometer long train of boulders discovered by S.E.S. in 1975. It includes some 250 radioactive boulders with consistent values up to 15,000 counts per second. In addition, the property encompasses several uranium showings known as the Ganiq North, Dominos, Danois and Prospector; all with significant radioactivity reported by S.E.S. In these showings uranium mineralization is found structurally controlled along N120° trending fault and shear zones which seem to have played an important role in the uranium mineralization deposition.

Prospecting over the Sannon-Seggau properties completed during summer 2008 have return extremely high uranium grades of up to 25.41% U3O8 from grab sampling of newly discovered uraniferous boulders and from historical trenches observed on their claims. Additional sampling from the area is currently in the lab and will be reported on soon.