Vancouver, British Columbia, October 24, 2019 — Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) is pleased to report that the Company’s earned 60% ownership of the Solwezi Licences has officially been transferred and registered in Zambia with the Patents and Companies Registration Agency.
The licenses are held by a Zambian registered company, Zambian High Light Mining Investment Ltd., of which Midnight Sun is now a 60% shareholder through the Company’s wholly owned subsidiary, Midnight Sun (BVI) Two Corp.
The Solwezi Licences are comprised of two individual exploration licences totalling 506 square kilometres, situated in the North-Western Province of Zambia, adjacent to First Quantum’s Kansanshi Mine; Africa’s largest copper mining complex, on the prolific Zambia-Congo Copper Belt.
Warrant Amendment
The Company intends to extend the expiry date of certain outstanding common share purchase warrants issued pursuant to a private placement offering of the Company. The amendment of the expiry date is subject to TSXV approval.
| Number of Warrants | Price | Original Expiry | New Expiration Date |
| 4,458,000 | $0.20 | Oct. 31, 2019 | Oct. 31, 2020 |
| 2,575,000 | $0.20 | Nov. 30, 2019 | Nov. 30, 2020 |
| 1,301,000 | $0.20 | Dec. 18, 2019 | Dec. 18, 2020 |
ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.
Al Fabbro – Lead Director & Acting Chief Executive Officer