Intersections Of High-Grade Oxide Copper At Kazhiba Target

VANCOUVER - Midnight Sun Mining Corporation reported on the 2024 oxide copper drilling program, carried out on the Kazhiba Target. Kazhiba is one of 4 key target areas that comprise the Solwezi Project in Zambia, located approximately 6 kilometres southwest of First Quantum Minerals' Kansanshi Copper Mine. This drill program was designed to validate and confirm the potential oxide copper resource at the Kazhiba Target and is the first major step under the previously announced Cooperative Exploration Plan with First Quantum Minerals.

Highlights of surface drilling from the Kazhiba Oxide Copper Target include: 1) 10.69% copper over 21.0 metres from drill hole MSZ22-028. 2) 5.60% copper over 26.0 metres from drill hole MSZ22-020. 3) 3.01% copper over 15.0 metres from drill hole MSZ22-012. 4) 4.66% copper over 7.0 metres from drill hole MSZ22-030.

Exploration Highlights: 1) 54 Reverse Circulation ("RC") drill holes, totalling 2,005 metres (m) completed. 2) Mineralization appears to extend north-northeast and remains open. 13 additional RC holes are planned to test this extension, as an initial part of a broader follow up program, currently being designed and anticipated to start April 2025. 3) Total of 625 Partial Ionic LeachTM samples acquired in the Kazhiba Target - results pending and expected Q1 2025. 4) A total of 3,250 m of gradient and dipole-dipole induced polarization survey (IP Survey) was completed over additional geochemical targets. Results are due Q1 2025.

President & CEO, Al Fabbro, said, "We believed that high-grade, at-surface oxide copper mineralization encountered during previous work programs at our Kazhiba and Mitu Targets, was significant. We now have proof of concept. Oxide copper represents a tremendous value-driver for our Solwezi Project. By demonstrating that the mineralization has grade, scale, and growth potential, we intend to leverage the opportunity toward significant potential near-term cash flow. In parallel, we are excited to unlock the potential of the multiple large scale sulfide targets hosted within our property boundaries. Our geological team have delivered a successful drill program, complete with impressive high-grade intercepts, and an established mineralized footprint forming the basis to develop a resource. We have room to extend and expand the mineralized footprint at Kazhiba, and a geological thesis as to how this high-grade mobilized oxide copper blanket came to be in its current location. We have executed and delivered the first major steps in our Cooperative Exploration Program with First Quantum, and we will continue to demonstrate both the optionality and true value of this incredible project, through our two-fold attack plan."