Midnight Sun Mobilizes Additional Drill At Solwezi

Vancouver, British Columbia, September 20, 2022 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA / OTCQB: MDNGF) is pleased to report a second diamond drill rig from ATL Drilling Services Ltd. has been secured and mobilized to join the Company’s current drill program on the Solwezi Licences in Zambia (see the Company’s news release dated August 15, 2022).

Al Fabbro, President and CEO of Midnight Sun, stated, “I am excited for this drill program and it is important to me that we get as much exploration done as possible this field season. The addition of a second rig will expedite our work to ensure we maximize Dr. Dorling’s technical plan.”

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Al Fabbro
President & CEO

For Further Information Contact:
Al Fabbro
President & CEO
Tel: +1 604 351 8850

NEITHER THE 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 NEW RELEASE.

This news release includes certain statements that may be deemed “forward-looking statements.” All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, changes in market conditions, unsuccessful exploration results, changes in commodity prices, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Midnight Sun Commences Drilling At Solwezi

Vancouver, British Columbia, August 15, 2022 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA / OTCQB: MDNGF) is pleased to report all preparations have been completed and drilling has commenced on the Company’s Solwezi Licences in Zambia.

Highlights

  • Four exploration targets and new concepts to be tested
  • Up to 4,500 metres of diamond drilling for up to 29 drill holes planned
  • Drill has arrived on site and set up at Mitu

Midnight Sun has contracted ATL Drilling Services Ltd. to perform the diamond drilling program previously announced by the Company (see the Company’s news release dated June 14, 2022).  This drill program was designed based on a review and re-interpretation of data generated by Rio Tinto Mining and Exploration Limited (“Rio Tinto”) under the terms of a now terminated earn-in and joint venture agreement.

Dr. Simon Dorling, a specialist in sedimentary-hosted copper deposits, conducted the review, which included assessing the targeting rationale for the exploration work completed, evaluating the effectiveness of the work completed with regards to the proposed targeting concepts, and commenting on the remaining prospectivity of the Solwezi Licences.  The review culminated in a set of drill targets that include both a new interpretation at known targets as well as newly defined targets.

Al Fabbro, President and CEO of Midnight Sun, stated, “Our Solwezi Licences are located in an area of world-class copper mines and have so far shown many of the hallmarks of such deposits.  We are of the view that this revised technical approach will provide the Company with an opportunity to catapult the project to a new level.”

Target Type and Location

Midnight Sun has committed to up to 4,500 metres of drilling at its Solwezi Licences for the 2022 field season. The drill meterage has been allocated to 4 targets (Figure 1) which include the known Mitu and Dumbwa prospects and two new targets at North 22 Zone and the Crunch Zone.

New Look at Existing Prospects

Figure 1: Geological map and planned drill holes on the Solwezi Licences as well as lineaments and trend lines interpreted from recent geophysical data.

Mitu Cu-Co Prospect

The interpretation of high-resolution airborne magnetics shows multiple structures cross cutting the Solwezi Dome margin and the overlying Copperbelt sediment succession. The displacement occurs primarily along northeast trending structures which are key to mineralisation at the nearby Kansanshi Mine, owned by First Quantum Minerals. A reassessment of drill cores confirms a structural overprint on stratiform mineralisation and provides justification to revisit existing prospects including the proposal of structural corridors controlling mineralization around the Mitu area as intercepted in hole MDD-17-15 which measured 4.23% CuEq over 11.6 metres (see the Company’s news release dated July 4, 2017).  Five diamond drill holes have been planned for the Mitu area, targeting northeast-trending structures.

Dumbwa Cu Prospect

The Dumbwa Prospect is geologically located over basement rock with mineralisation which resembles that of Barrick Gold’s Lumwana Mine, located approximately 60 kilometres west of Solwezi. The Dumbwa Prospect is marked by a north-south soil anomaly that extends for more than 20 kilometres. Previous drilling has intersected copper mineralisation but follow up drilling was unable to determine the source of this large anomaly.  New magnetic data shows that the southern area of the Dumbwa anomaly is underlain by a major lineament and two east-west drill hole traverses totalling nine holes have been planned to target the source of the surface anomaly.

New Targets

22 Zone North & Crunch Zone

The 22 Zone North & Crunch Zone targets are concepts derived from a combination of structural interpretation, subtle geochemical anomalism, and new insights into the genesis of mineralisation in the Zambian-Congo Copperbelt. The primary objective of this drilling is to assess the structural control on mineralisation in the area. The selected locations show apparent structural displacements of several hundreds of meters and are oriented in a favourable direction for fluid flow during compressional deformation, potentially leading to areas which trap and concentrate copper-bearing fluids.

Qualified Person: Richard Mazur, P.Geo., a Director of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release.

Investor Relations & Stock Option Grant

The Company has extended the investor relation services agreement with Kaye Wynn Consulting Inc. (“Kaye Wynn”). Kaye Wynn has been engaged for an additional one year period at a rate of $3,000 (plus GST) per month. The Company will also grant Kaye Wynn stock options to purchase 350,000 Common Shares at an exercise price of $0.165 per share for the term of their engagement. The stock options shall vest in accordance with TSX Venture Exchange policies relating to the granting and vesting of Investor Relations Stock Options. The options are granted pursuant to the Company’s Stock Option Plan and the contract may be cancelled by either party with 30 days’ notice.

Additionally, Midnight Sun has granted stock options to purchase an aggregate of 3,300,000 Common Shares of the Company, at an exercise price of $0.165 per share, to certain directors, officers, employees, and consultants. The stock options are granted pursuant to Midnight Sun’s 10% rolling stock option plan, are fully vested upon issuance, and shall expire five years from the date of issue.

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Al Fabbro
President & CEO

For Further Information Contact:
Al Fabbro
President & CEO
Tel: +1 604 351 8850

NEITHER THE 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 NEW RELEASE.

This news release includes certain statements that may be deemed “forward-looking statements.” All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, changes in market conditions, unsuccessful exploration results, changes in commodity prices, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Midnight Sun Announces Plans For Solwezi

Vancouver, British Columbia, June 14, 2022 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA / OTCQB: MDNGF) is pleased to report that Zambian-Congo Copperbelt expert, Dr. Simon Dorling, has agreed to accept and maintain an engagement with the Company. Simon has reviewed the data and results obtained by Rio Tinto Mining and Exploration (“Rio Tinto”) on Midnight Sun’s Solwezi Licences in Zambia and integrated this information with the data created by Midnight Sun and previous operators as well as incorporating recent research in the region to build a comprehensive database and inclusive interpretation of the structural-geological settings for mineralisation for future targeting.

Dr. Dorling’s work has generated several new targets and justification to revisit existing prospects on the licences, including the proposal of structural corridors controlling mineralization around both the Mitu discovery area as well as hole MDD-17-15 on the Mitu Trend which measured 4.23% CuEq over 11.6 metres (see the Company’s news release dated July 4, 2017). These corridors suggest a fault-control on mineralisation through re-mobilisation into late northeast-trending faults which leave these mineralized areas open along strike.

“I am very pleased that Dr. Dorling has agreed to work with us. He already has a high degree of familiarity with the Solwezi Licences and is an expert in this region” commented Al Fabbro, President & CEO. “Dr. Dorling’s integration of the newly collected information, particularly the geochemical and geophysical surveys, into our existing exploration data has formed the basis of a very compelling exploration campaign for Midnight Sun to undertake once we formally receive control of the licences from Rio Tinto. We are well funded and well situated to capitalize on this opportunity, as well as others that may arise from our work in the region.”

Rio Tinto’s exploration drilling was interrupted by the CoVid-19 pandemic and, ultimately, did not achieve the amount of work expected. Rio Tinto generated highly valuable data sets for the project and its future exploration, but, in the Company’s view, did not capitalise on the newly collected information. Rio Tinto’s drilling completed on the 22 Zone, Dumbwa, and the Mitu Trend have been incorporated into the Company’s database and evaluation study ahead of the 2022 work program and drill targets are refined in preparation of Midnight Sun’s return to the field, which is anticipated to be in August 2022 and include 4,000-5,000 metres of drilling.

Newly Identified Target – “Crunch Zone”

One of Dr. Dorling’s immediate findings, based on a structural interpretation of new high-quality airborne magnetic data, is the identification of a previously undocumented “high strain” structural zone running between the edges of the Kazhiba Dome in the northwest and the Solwezi Dome in the southeast where the Roan strata have heavily been compressed and faulted and abruptly terminate along faults against the basement domes. This wedged fan of tight geological folds and faults links to the orientations and structures documented in the dome underlying First Quantum’s Kansanshi Mine (~10 kilometers away) through a succession of sedimentary host rocks. The hypothesis is that the highly folded and possibly faulted strata could provide pathways and traps for concentrating copper-bearing fluids running between these three domes.

Qualified Person: Richard Mazur, P.Geo., a Director of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release.

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Al Fabbro
President & CEO

For Further Information Contact:
Al Fabbro
President & CEO
Tel: +1 604 351 8850

NEITHER THE 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 NEW RELEASE.

This news release includes certain statements that may be deemed “forward-looking statements.” All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, changes in market conditions, unsuccessful exploration results, changes in commodity prices, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Termination Of Earn-In Agreement

Vancouver, British Columbia, June 10, 2022 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA / OTCQB: MDNGF) has received notification of Rio Tinto Mining and Exploration Limited’s (“Rio Tinto”) intention to terminate the previously announced Earn-In and Joint Venture Agreement (the “Earn-In Agreement”) (see the Company’s news release dated April 27, 2020). Termination will be effective June 28, 2022.

Under the terms of the Earn-In Agreement, Rio Tinto has not earned any ownership of the Solwezi Licences, and control will be returned to Midnight Sun, along with all samples and data collected while Rio Tinto acted as the project operator.

Al Fabbro, President & CEO commented, “While Rio Tinto were not satisfied with the results generated by their work on our properties, I do not share their feelings. From the outset of this Agreement, Rio Tinto made it clear to me they were looking for a ‘Rio sized deposit.’ Falling short of their parameters does not mean we don’t have the makings of an economic orebody on our hands. They have generated excellent databases of geochemical and geophysical information that tell me the Solwezi Licences are very much still alive and warranting further work.”

2021 WORK PROGRAM

Midnight Sun has received the 2021 Solwezi exploration report from Rio Tinto.  All of the work in this field season was focused on license 12124-HQ-LEL and total expenditures for the 2021 program were approximately USD $2.95 million.

The work consisted of 5,968 meters (“m”) of drilling divided into: 2,483 m of diamond drilling (“DD”) over 8 holes, 1,050 m of Reverse Circulation drilling (“RC”) and 2,682 m of air core drilling (“AC”).  There were also 668 new soil samples taken and 1,200 AC samples from Mitu reanalyzed.

A total of five target areas were examined:  Gameno, Likoko, Sanda, Mawemba and Dumbwa.

Gameno

There were three DD holes at Gameno totalling 1,300 m.  The program was designed to test a Cu-Bi anomaly that was upgraded by two AC holes in 2020 that returned 18 m of 0.21% Cu and 14 m of 0.23% Cu.  The three best intercepts were 2.1 m of 0.68% Cu from 360 m, 1.5 m of 0.79% Cu from 188.5 m, and 1.42 m of 8.3% Cu from 164 m.

No further work is recommended due to lack of strike continuity and thickness.  It is also the most populous part of the licenses, running into the town of Solwezi, which hampers further exploration and potential development.

Likoka

Two DD holes, totalling 461 m tested the Mitu extension to the southeast over a moderate copper soil anomaly coincident with a strong Versatile Time Domain Electromagnetic (“VTEM”) anomaly and an audiomagnetotelluric (“AMT”) conductor. Neither diamond drill hole intersected Cu mineralisation, indicating further geological and structural modelling of the Mitu Trend is required to understand the controls of mineralisation and the fluid focusing mechanism along this target area.

Sanda

Two DD holes totalling 499 m tested a weak soil geochemical anomaly and a large VTEM anomaly similar to Mitu.  Weak mineralisation was encountered in each hole.

Mawemba

One diamond drill hole was completed to test a Cu in soil anomaly on the north-west edge of a large mafic intrusive body. This diamond drill hole intercepted 20 m of 0.19% Cu from 27.3 m.

At Mawemba NE, 18 air core holes were drilled across three fences, testing a Cu in soil anomaly and along a linear magnetic anomaly. The strongest result was 1 m of 1.13% Cu from 26 m, terminating in mineralization.

Dumbwa

Rio Tinto performed a full review of the diamond drilling previously performed by Midnight Sun on the area to get an understanding of the geology and mineralisation of the area. A 200 m x 200 m infill soil geochemical grid confirmed the continuity of the anomaly and seven reverse circulation holes were drilled.

NEXT STEPS

Midnight Sun engaged an independent Copperbelt expert, Dr. Simon Dorling, to review the data generated by Rio Tinto’s work and prepare recommendations for Midnight Sun’s 2022 work program.

QUALITY ASSURANCE/QUALITY CONTROL

All samples collected by Rio Tinto including soil samples and all drilling were sent to ALS Global Ndola facility for preparation and on turn ALS Vancouver for analysis. The prepared samples was provisionally analysed by ALS certified pXRF at Ndola and in turn by ICP-AES/MS method in Vancouver. One duplicate sample and one certified standard sample were inserted by Rio Tinto in every 20 samples analysed for quality control/quality assurance purposes.

Qualified Person: Richard Mazur, P.Geo., a Director of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release.

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Al Fabbro
President & CEO

For Further Information Contact:
Al Fabbro
President & CEO
Tel: +1 604 351 8850

NEITHER THE 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 NEW RELEASE.

This news release includes certain statements that may be deemed “forward-looking statements.” All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, changes in market conditions, unsuccessful exploration results, changes in commodity prices, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Midnight Sun Announces Warrant Extension

Vancouver, British Columbia, May 5, 2022 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA / OTCQB: MDNGF) intends to extend the exercise period of a total of 7,940,185 share purchase warrants, all of which are exercisable at $0.25 per common share (collectively, the “Warrants“). The Warrants were issued pursuant to a private placement which closed on May 25, 2020. The Company proposes to extend the expiry dates for these Warrants by an additional twelve months and accordingly, the new expiry dates for the Warrants will be May 25, 2023.

All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange.

MINING INDABA

Midnight Sun congratulates the Investing in African Mining Indaba on returning for the first time since 2020. The Mining Indaba takes place in Cape Town, South Africa, and is the premier conference focused on mining projects across the African continent. Midnight Sun will be represented there May 9, 2022 – May 12, 2022 and invites anyone to connect with the Company.

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Al Fabbro
President & CEO

For Further Information Contact:
Al Fabbro
President & CEO
Tel: +1 604 351 8850

NEITHER THE 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 NEW RELEASE.

Midnight Sun Announces DTC Eligibility

Vancouver, British Columbia, March 9, 2022 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA / OTCQB: MDNGF) is pleased to announce that common shares of the Company are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States.

DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company’s common shares in the United States. With DTC eligibility, existing investors benefit from potentially greater liquidity and execution speeds, as well as giving new investors an opportunity to efficiently participate in the trading of Midnight Sun’s common shares where their previous investing platform did not allow for non-DTC investing.

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Al Fabbro
President & CEO

For Further Information Contact:
Al Fabbro
President & CEO
Tel: +1 604 351 8850

NEITHER THE 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 NEW RELEASE.

Midnight Sun Announces Uplisting To OTCQB

Vancouver, British Columbia, February 8, 2022 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) has had the Company’s common shares qualified to trade on the OTCQB Venture Market (“OTCQB”) under the symbol MDNGF. It is anticipated that Midnight Sun’s uplisting to the OTCQB will provide greater liquidity and a more seamless trading experience for U.S. shareholders. Trading on the OTCQB will begin February 9, 2022.

Midnight Sun’s common shares will continue to trade on the TSX Venture Exchange under the symbol MMA.

The OTCQB is a U.S. trading platform operated by the OTC Markets Group in New York and is the premier marketplace for early-stage and developing U.S. and international companies. Recognized by the U.S. Securities and Exchange Commission as an established public market, the OTCQB provides investors who cannot access trading on the TSX Venture Exchange with an alternative access to the Company’s shares though regulated U.S. broker-dealers.

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Al Fabbro
President & CEO

For Further Information Contact:
Al Fabbro
President & CEO
Tel: +1 604 351 8850

NEITHER THE 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 NEW RELEASE.