Midnight Sun Drills New High Grade Mineralization at Mitu

Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the "Company" or "Midnight Sun") is pleased to release the initial results from drilling conducted on its Solwezi Licences during 2022. The Solwezi Licences are located immediately southwest of First Quantum's Kansanshi Copper Mine, the largest copper mining complex in Zambia.

Exploration Highlights

12 diamond drill holes, totalling 2,639 metres ("m"), completed to date during 2022
A new mineralization style intercepted, which is comparable to that at the Kansanshi Mine
Assay results received for five drill holes. Results include:
- 4.15m @ 2.28% Cu eq (1.29% Cu & 0.13% Co & 0.09% Ni) from 113.5m
- 5.80m @ 2.41% Cu eq (1.86% Cu & 0.07% Co & 0.02% Ni) from 119.2m
- 7.3m @ 0.79% Cu eq (0.58% Cu and 0.02% Co & 0.02% Ni) from 149.0m

Overview
Midnight Sun's 2022 exploration program was designed to validate and confirm new structural control models for upgraded stratabound copper mineralization in different areas of known mineralization on the Solwezi Licences. The new structural control models were developed in-house following a review and re-interpretation of past exploration work and new high-resolution geophysical data over the project area.

During the 2022 Solwezi field season, Midnight Sun has completed 12 drill holes totaling 2,639 metres of core with two additional drill holes currently in progress. Drilling has been on the Mitu Trend and on the Crunch Zone Prospect. The Company intends to continue field work as long as weather conditions permit. For the balance of the 2022 field season, the Company's work will focus on gaining a better understanding of the newly identified Kansanshi-style mineralization on the Mitu Trend.

Al Fabbro, President and CEO of Midnight Sun, stated, "The start of our 2022 program has accomplished precisely what we hoped for, which is proof of concept. The work completed has revealed a new, prolific style of mineralization at Mitu which is a very exciting find and adds to the already known mineralized potential in the area."

Targets Tested and Results
Mitu Trend
The Mitu Trend targets were developed based on the interpretation of airborne magnetic data which highlighted a corridor of intense deformation, about 8 - 10 kilometres wide, that includes numerous northeast-trending structures which are also key to mineralization at the Kansanshi Mine.

Five widely spaced diamond drill holes were completed on the Mitu Trend targeting northeast-trending mineralization settings at two localities within the wider Mitu Trend (Figure 1).

Drill holes MTDD-044 and MTDD-045 are located approximately 500 metres apart and intersected structurally controlled Cu-Co mineralization (Figure 1 & 2) including:

4.15m @ 2.28% Cu eq (1.29% Cu & 0.13% Co & 0.09% Ni) from 113.5m, in MTDD-044
5.80m @ 2.41% Cu eq (1.86% Cu & 0.07% Co & 0.02% Ni) from 119.2m, in MTDD-044
7.30m @ 0.79% Cu eq (0.58% Cu & 0.02% Co & 0.02% Ni) from 149.0m, in MTDD-045

Holes drilled to test the continuity of the historic intercept in hole MDD-17-15 which measured 4.23% CuEq over 11.6m (see the Company's news release dated July 4, 2017) achieved a technical success, encountering sulphide minerals in fault breccia and the associated alteration zones broadly within the target depth interval. A detailed assessment is underway to assess the complexity of the setting in which this discovery was made.

Crunch Zone
The Crunch Zone exploration target is situated between the Kazhiba Dome in the northwest and the Solwezi Dome in the southeast (Figure 1). Based on geophysical data, it appears a northeast trending wedge of Copperbelt strata is 'crunched' between the domes showing interference fold patterns that abruptly terminate against the domal structures. An analysis of the VTEM electromagnetic survey suggest mineralized fluids may have migrated along major faults or thrusts which occurred where the Copperbelt strata encountered the dome structures.

An initial drill program consisting of several drill traverses to test for mineralization as well as determining the rock succession in the contact zones is underway at the Crunch Zone with seven holes completed. No assays from these holes have been received yet.

Figure 1: Geology of Midnight Sun's Solwezi Licences showing the locations of drill holes completed.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2553/143247_59a37415a4169bab_001full.jpg

Figure 2: Drill cores from MTDD-044 (above) and MTDD-045 (below) illustrating the style, setting and alteration associated with copper mineralization at Mitu.

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/2553/143247_midnightsunfigure2.jpg

Mitu Trend Drilling - Significant Downhole Intercepts

Hole	From (m)	To (m)	Interval (m)	Cu (%)	Co (%)	Nickel (%)	Cu Eq (%)
MTDD043	32.00	34.80	2.80	0.12	0.01	0.20	0.77
MTDD044	9.00	12.00	3.00	0.10	0.00	0.01	0.16
MTDD044	13.15	16.00	2.85	0.12	0.01	0.02	0.24
MTDD044	18.95	31.00	12.05	0.14	0.00	0.02	0.23
MTDD044	51.00	55.00	4.00	0.19	0.02	0.01	0.35
MTDD044	60.00	64.85	4.85	0.46	0.02	0.02	0.69
MTDD044	98.00	110.00	12.00	0.18	0.01	0.02	0.29
MTDD044	113.50	117.65	4.15	1.29	0.13	0.05	2.28
MTDD044	119.20	125.00	5.80	1.86	0.07	0.02	2.41
MTDD045	52.00	57.00	5.00	0.18	0.01	0.09	0.49
MTDD045	146.30	149.00	2.70	0.14	0.01	0.01	0.27
MTDD045	149.00	156.30	7.30	0.58	0.02	0.02	0.79
MTDD045	157.00	168.00	11.00	0.23	0.01	0.01	0.36
MTDD045	171.30	174.00	2.70	0.18	0.05	0.01	0.53

Notes:

Reported intervals are the downhole widths. More structural and orientation data is required to determine true widths.
Reported intervals are calculated for zones assaying > 0.1% copper or 0.01% cobalt and containing less than 2 meters of internal waste.
Copper equivalent values are estimated using current metal prices of $3.50/lb copper, $23.50/lb cobalt, and $10.00/lb nickel and are presented for ease of interval comparison only. Metallurgical recovery factors are assumed to be 100% although the recovery factors for various metals may vary significantly.

Location of Reported Drill Holes

Hole	East	North	RL	Dip	Azimuth	EOH
CRZDD_001	424175	8647400	1376	-55	100	238.1
CRZDD_002	424257	8647385	1376	-55	100	160.5
CRZDD_003	424077	8647417	1367	-55	110	205
CRZDD_004	423892	8652334	1392	-60	330	168.6
CRZDD_005	423996	8647432	1359	-60	100	281.5
CRZDD_006	423955	8652167	1398	-60	330	211
CRZDD_007	418120	8648817	1352	-60	315	276.55
MTDD_042	431035	8636307	1372	-60	315	242
MTDD_043	431105	8636378	1372	-60	315	215.7
MTDD_044	428016	8638405	1373	-60	315	217
MTDD_045	427611	8638095	1357	-60	315	224.5
MTDD_046	428322	8638090	1370	-60	315	245.1

Quality Control/Quality Assurance
Core samples obtained from diamond drilling were transported directly to SGS Inspection Services in Kalulushi, Zambia by Midnight Sun personnel for sample preparation. There the samples were sorted, dried, crushed, and pulped before final chemical analysis using ICP42S method which encompasses a 3 or 4 acid digest followed by an AAS multi-element scan. All samples returning >10,000 ppm Cu were automatically re-assayed for higher level concentrations by SGS, which is a fully accredited laboratory. Standards and blanks were inserted regularly in the sample stream and checks were done for Cu.

Qualified Person: Richard Mazur, P.Geo., a Director of the Company anda 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143247

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Midnight Sun Mining TSXV: MMA Base Metals Investing

MMA:CA

Midnight Sun Mobilizes Additional Drill at Solwezi

Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the "Company" or "Midnight Sun") 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."

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Midnight Sun Announces Plans for Solwezi

Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the "Company" or "Midnight Sun") 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.

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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.

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Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the "Company" or "Midnight Sun") 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.

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

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Highlights

Global Generative Alliance budget increased from initially planned $650,000 to $1,500,000 for Year Two
Through ongoing evaluations in five international and three Canadian jurisdictions, the Generative Alliance program remains on track to define Designated Projects to be joint ventured by FPX and JOGMEC starting in Year Two
The Generative Alliance program has staked approximately 120 km ² of prospective ground in British Columbia

"We are pleased with our progress during Year One of our Generative Alliance with JOGMEC and look forward to increasing momentum through a significantly expanded Year Two budget," commented Andrew Osterloh , FPX's Senior Vice-President of Projects and Operations. "Our shared vision of realizing new globally significant awaruite nickel deposits remains resolute, and with ongoing evaluations in multiple Canadian and International jurisdictions, we are on track to achieve our shared objective of defining Designated Projects starting in Year Two."

A JOGMEC representative commented: "JOGMEC has decided to increase funding for Year Two activities with a view to identifying significant new awaruite deposits, which could be a globally significant, low-carbon, source of nickel for the electric vehicle battery supply chain toward the realization of a carbon-neutral society."

In April 2023 , FPX and JOGMEC initiated a Generative Alliance to carry out mineral exploration activities for the identification and acquisition of high-quality awaruite nickel targets on a worldwide basis. Under the terms of the agreement, JOGMEC funded 100% of the $650,000 budget in Year One (covering the year ended March 31, 2024 ) and will fund 100% of the first $650,000 budgeted for Year Two (for the year ended March 31, 2025 ).

Building on Year One progress and the positive results of work completed to-date, FPX and JOGMEC have agreed to expand the Year Two budget to a total of $1,500,000 . Under the terms of the agreement for Year Two, after JOGMEC has funded a cumulative total of $1,300,000 , the parties will fund ensuing exploration activities on pro-rata basis (FPX 40% and JOGMEC 60%).

Subject to agreement between FPX and JOGMEC, one or more specific targets identified by the Generative Alliance may be advanced to a second phase to be further developed as a separate designated project (" Designated Project "). Each Designated Project will have its own work program and budget with the objective, of testing and further developing the identified targets. For each Designated Project, JOGMEC and FPX will respectively fund 60% and 40% for approved work programs.

During Year One of the Generative Alliance, FPX's exploration team conducted evaluations and/or sampling programs in five international and three Canadian jurisdictions. With multiple evaluations ongoing, and further prospective opportunities identified, the program is on track to identify Designated Projects in its second year.

Representing the first ground staked under the Generative Alliance, the Company is pleased to announce the acquisition of approximately 120 km ² of new mineral claims in British Columbia. This staking was based on historic sampling by FPX coupled with updated geological interpretation based on FPX's learnings at Baptiste.

The Company is currently strategizing on additional mineral tenure acquisitions within British Columbia , elsewhere in Canada , and in multiple international jurisdictions across multiple continents; one or more of such land packages may ultimately be selected as a Designated Project under the terms of the Generative Alliance. As and when Designated Projects are confirmed, FPX will provide additional disclosure regarding the location and planned work programs for such Projects.

Keith Patterson , P.Geo., FPX's Vice President, Generative Exploration, FPX's Qualified Person under NI 43-101, has reviewed and approved the scientific and technical content of this news release.

About the Decar Nickel District

The Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni ₃ Fe) hosted in an ultramafic/ophiolite complex. The Baptiste mineral claims cover an area of 245 km ² west of Middle River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since 2010, approximately US $30 million has been spent on the exploration and development of Baptiste.

The Baptiste Deposit is located within the Baptiste Creek watershed, on the traditional and unceded territories of the Tl'azt'en Nation and Binche Whut'en, and within several Tl'azt'enne and Binche Whut'enne keyohs. FPX has conducted mineral exploration activities to date subject to the conditions of agreements with First Nations and keyoh holders.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

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After the November 25, 2020, denial of the permit application for the Pebble Project, a separate division of the USACE remanded the denial decision back to the USACE Alaska District on April 25, 2023, after an administrative review found numerous errors with the denial decision. Today, after several requests for extensions, the USACE has announced that it has declined to engage in the remand process altogether. The USACE reasoning is due to the EPA veto, which effectively prevents them from altering their decision while that veto is in place. On March 15, 2024, we announced we were filing an appeal of the EPA veto in Federal District Court in Alaska, and the State of Alaska filed its action against the veto on April 11, 2024.

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Midnight Sun Drills New High Grade Mineralization at Mitu

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