MARITIME-CADILLAC PROJECT

Surface Plan and Longitudinals.PDF

On June 1, 2006, the Company entered into an option agreement with Agnico-Eagle Mines Limited (¨Agnico-Eagle¨) on the Maritime Cadillac property whereby Agnico-Eagle was offered the right to earn a 50% undivided interest in the property and, after having earned such interest, to participate with Midland in a joint operation to further explore and develop the property. The Maritime Cadillac Property is contiguous to the Lapa gold mine property (3.8 million tonnes of probable reserves grading 8.9 g/t Au and containing 1.1 million ounces of gold), which is expected to go into production by the end of 2009. The consideration is:

• Four annual payments of $25,000 each for a total of $100,000;
• A commitment to carry out work in the amount of $300,000 the first year, $300,000 the second year and $400,000 for the third year for a total of $1,000,000;
• Agnico-Eagle is the operator of the project; and
• Agnico-Eagle contributed $200,000 at the March 2, 2007 IPO.

Following the acquisition of a 50% undivided interest upon exercising its option, Agnico-Eagle will have the option to increase its undivided interest in the Property from 50% to 65% during a period of 3 years by solely financing a bankable feasibility study in respect of the Maritime Cadillac property or by solely assuming all mining operations on the Maritime Cadillac Property and will earn 1% additional interest for every $1,000,000 spent on the Maritime Cadillac Property (up to 15% by spending $15 millions).

The Maritime Cadillac Property is well located south of the Lapa gold mine along the Cadillac-Larder Lake Fault Zone, a regionally extensive structure that is spatially related to numerous gold prospects and past producers including the historic Lake Shore, Macassa and Kerr Addison gold mines in Kirkland Lake and Larder Lake, Ontario. On the Maritime Cadillac property, the Fault Zone is almost entirely taken up by the Archean-age Piché Volcanic Group (mafic to ultramafic schists) and marks the Western contact between the Cadillac Group sediments (wacke, conglomerate and iron formation) to the West and the Pontiac Group (wacke) to the East.  The presence of these major lithological contacts (Pontiac-Piché-Cadillac) within the deformation zone associated with the Cadillac-Larder Lake Break provides a highly prospective setting for lode gold or disseminated gold deposits. All the rock units are sub vertically dipping with a north-south trend.

The project manager, Agnico-Eagle Mines Ltd, completed last summer a three-hole drilling program This program totalling 1754 metres was designed to test the extensions of the Maritime Contact East Horizon, intersected last spring in drill hole 141-08-14B with a grade of 3.3 g/t Au over 14.65 metres (6.60 metres true thickness), including a zone at 6.11 g/t Au over 5.65 metres (2.50 metres true thickness) (see press release dated June 2, 2008).

In the latest drill program, two new gold-bearing structures associated with mineralized (pyrite-arsenopyrite) felsic to intermediate porphyry dykes were intersected to the west of the Maritime Contact East structure. The two new structures, named East Dyke and West Dyke, remain essentially untested and thus show excellent potential for future exploration. Following these very interesting results a new drill program campaign managed by Agnico-Eagle was initiated late January 2009 with a minimum of six holes totalizing 3550 metres.

In April 2009, new very promising results were recently announced in the northern part of the property.

Maritime Dyke East:

Drill hole 141-09-21 intersected a grade of 18.5 g/t Au over 1.0 metre (about 0.70 metre true thickness) associated with a mineralized porphyry intrusion with 3-5% pyrite and pyrrhotite, from 672.8 to 673.8 metres. This intrusion is part of the Maritime Dyke East zone and occurs in altered ultramafic rocks at about 600 metres vertical depth. From 621.6 to 647.5 metres, this drill hole intersected another porphyry intrusion with pyrite mineralization, at about 565 metres vertical depth, that graded 1.1 g/t Au over 25.9 metres (about 18.1 metres true thickness), including a zone at 1.9 g/t Au over 11.0 metres (about 7.7 metres true thickness) from 636.5 to 647.5 metres, which contains a higher-grade section at 4.7 g/t Au over 1.5 metres (about 1.0 metre true thickness) from 646.0 to 647.5 metres. These new intercepts along the Maritime Dyke East zone remain open along strike and at depth. They are located more than 275 metres away from drill hole 141-08-18A, which had intersected 0.47 g/t Au over 5.60 metres.

Maritime Contact East

In drill hole 141-09-21, the Maritime Contact East zone was intersected from 761.3 to 764.5 metres and graded 1.5 g/t Au over 3.2 metres (about 2.3 metres true thickness). Mineralization is associated with the presence of about 2-3% arsenopyrite in an ultramafic schist injected with quartz-carbonate veinlets and altered to biotite. This new intercept is located at about 650 metres vertical depth, about 275 metres below and 100 metres north of the nearest drill hole, namely 141-08-17, which had intersected a grade of 1.29 g/t Au over 2.45 metres during the previous drill program. The Maritime Contact East zone remains open along strike and at depth.

Two other drill holes, planned within the scope of the initial 6-hole program, were completed in the north part of the property. These two drill holes intersected the Maritime Contact East zone but the latter contained only low values despite the presence of alteration along the contact. On the other hand, another contact zone similar to the Maritime Contact East zone appears to develop further west and returned a grade of  2.0 g/t Au over 1.3 metres from 235.5 to 236.8 meters in drill hole 141-09-19 and a grade of 1.1 g/t Au over 1.5 meters from 220.0 to 221.5 meters in drill hole 141-09-20.

Midland is very excited by the thickness, grade and location of these new gold intercepts in drill hole 141-09-21, discovered in a favourable geological setting in the gold-rich Cadillac mining camp. This drilling program, which began in late January 2009, is managed by Agnico-Eagle and includes a minimum of six drill holes totalling 3,550 metres. Three drill holes have been completed to date and drilling has now resumed after a 4-week interruption.