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Midnight Sun Receives Further Extension for Completion of Verification Report

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Midnight Sun Mining Corp. announces that inspectors from the Geological Survey Department of Zambia have completed their planned site visit regarding the Company's Large Scale Exploration Licence 21509-HQ-LEL. The Ministry of Mines and Minerals Development has granted an additional 14-day extension to allow more time for the GSD to complete their site verification report. This follows previous announcements made on September 16, September 27, and October 10, 2024.

Midnight Sun Mining Corp. annuncia che gli ispettori del Dipartimento del Servizio Geologico dello Zambia hanno completato la loro visita programmata presso il sito riguardante la Licenza di Esplorazione di Grandi Dimensioni 21509-HQ-LEL della Società. Il Ministero delle Miniere e dello Sviluppo dei Minerali ha concesso un ulteriore periodo di estensione di 14 giorni per consentire più tempo al GSD per completare il loro rapporto di verifica del sito. Questo segue gli annunci precedenti fatti il 16 settembre, il 27 settembre e il 10 ottobre 2024.

Midnight Sun Mining Corp. anuncia que los inspectores del Departamento de Servicio Geológico de Zambia han completado su visita programada al sitio en relación con la Licencia de Exploración a Gran Escala 21509-HQ-LEL de la Compañía. El Ministerio de Minas y Desarrollo de Minerales ha otorgado una prórroga adicional de 14 días para permitir más tiempo al GSD para completar su informe de verificación del sitio. Esto sigue a los anuncios previos realizados el 16 de septiembre, el 27 de septiembre y el 10 de octubre de 2024.

미드나잇 선 마이닝 주식회사는 잠비아 지질 조사 부서의 검사관들이 회사의 대규모 탐사 면허 21509-HQ-LEL에 관한 예정된 현장 방문을 완료했다고 발표했습니다. 광물 자원 개발부는 GSD가 현장 확인 보고서를 완성할 수 있도록 추가 14일 연장을 허가했습니다. 이는 2024년 9월 16일, 9월 27일, 10월 10일에 발표된 이전 공지에 이은 것입니다.

Midnight Sun Mining Corp. annonce que les inspecteurs du Département de l’Inspection Géologique de la Zambie ont terminé leur visite de site planifiée concernant la Licence d'Exploration à Grande Échelle 21509-HQ-LEL de la Société. Le Ministère des Mines et du Développement Minéral a accordé une extension supplémentaire de 14 jours pour permettre au GSD de finaliser son rapport de vérification du site. Cela fait suite aux annonces précédentes faites le 16 septembre, le 27 septembre et le 10 octobre 2024.

Die Midnight Sun Mining Corp. gibt bekannt, dass die Inspektoren des Geologischen Untersuchungsdienstes von Sambia ihren geplanten Standortbesuch bezüglich der Großexplorationslizenz 21509-HQ-LEL des Unternehmens abgeschlossen haben. Das hat eine zusätzliche 14-tägige Fristverlängerung gewährt, um dem GSD mehr Zeit zu geben, um ihren Standortverifizierungsbericht abzuschließen. Dies folgt auf frühere Bekanntmachungen vom 16. September, 27. September und 10. Oktober 2024.

Positive
  • Site inspection by Geological Survey Department completed
Negative
  • Additional delay in verification report completion requiring 14-day extension

Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") announces that, further to its September 16, September 27, and October 10, 2024 news releases, inspectors from the Geological Survey Department of Zambia (the "GSD") have completed the planned site visit regarding the Company's Large Scale Exploration Licence 21509-HQ-LEL (the "Licence").

The Ministry of Mines and Minerals Development has issued an additional 14 day extension to allow additional time for the GSD to complete their site verification report.

About Midnight Sun

Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun intends to find and develop Zambia's next generational copper deposit.

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Al Fabbro
President & CEO

For Further Information, Contact:
Adrian O'Brien
Director of Marketing and Communications
Tel: +1 604 809 6890
Em: adrian@midnightsunmining.com

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 NEWS RELEASE.

This news release contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions and projections as at the date of this news release. The information in this news release about the resolution of mineral exploration licence renewals, timing and ability of the Company to obtain the approval of relevant regulatory bodies, if at all; and any other information herein that is not a historical fact may be "forward-looking statements". Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as "anticipates", "plans", "scheduled", "believed" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements.

Submission of the site verification report is dependent in part on the availability of third parties and there is no assurance that such persons will be available. Accordingly, there can be no guarantee that the site verification report will be completed and submitted within the timeframe provided or that further time extensions would be granted, nor is there any guarantee that the site verification report will be accepted by the Ministry and the Licence renewed.

Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227464

FAQ

What is the status of Midnight Sun Mining's (MDNGF) site verification process in Zambia?

The Geological Survey Department of Zambia has completed their site visit for License 21509-HQ-LEL, but requires an additional 14 days to complete the verification report.

When was Midnight Sun Mining (MDNGF) granted the extension for their verification report?

The extension was granted on October 23, 2024, following previous announcements made on September 16, September 27, and October 10, 2024.

How long is the extension granted to Midnight Sun Mining (MDNGF) for the verification report?

The Ministry of Mines and Minerals Development granted a 14-day extension for the completion of the site verification report.

MIDNIGHT SUN MINING CORP

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