Resource Estimate For Kazhiba Main Copper Oxide Deposit

VANCOUVER – Midnight Sun Mining Corp. reported the completion of a maiden Mineral Resource Estimate for the near-surface Kazhiba Main Oxide Copper Deposit, located in Solwezi, Zambia. The maiden Mineral Resource Estimate (MRE) consists of 2.33 million tonnes of Indicated mineral resources grading 1.41% copper (Cu) at a selected base case cut-off of 0.10 % Cu over all rock type categories. The initial MRE was prepared for the Company by DMT Kai Batla PTY Ltd.

CEO, Al Fabbro, said, “The delivery of this resource estimate for Kazhiba Main represents a significant milestone for Midnight Sun. Kazhiba Main hosts a meaningful inventory of near-surface, acid-soluble copper within a compact footprint, extending to an average maximum depth of only about 30 metres and grading 1.41%, well above typical economic thresholds for oxide copper. Our goal is to convert this deposit into a non-dilutive funding source to advance our flagship Dumbwa Project. This opportunity is incredibly rare in the mineral exploration sector, and Midnight Sun is well positioned for an exciting future. The Company now intends to move forward with its plan to monetize Kazhiba Main and expects to immediately commence discussions with key counterparties to that end.”