Midlands Minerals Corporation Agrees to Sell Shares of Akroma Gold Company to JV Partner Sian Goldfields Limited

Midlands Minerals Corporation (TSX VENTURE:MEX) ("Midlands" or the "Company")
announces that it has agreed to sell, through its wholly-owned subsidiary,
Harbour Capital Corporation ("HCC"), its 130,000,000 shares (the "Shares") of
Akroma Gold Company ("Akroma") to its joint venture partner Sian Goldfields
Limited ("Sian") for an aggregate purchase price (the "Purchase Price") of
US$3.4 million (the "Transaction"). Akroma is the joint venture company holding
title to the Sian Mining Lease for the Sian gold project (the "Sian Gold
Project") located in the Eastern Region of Ghana.


Midlands announced on May 31, 2012 that it had received a directive from the
Minerals Commission of Ghana (the "Commission") to communicate a resolution to
the Commission in respect of pending issues with Sian regarding the Sian Gold
Project. Subsequent to the press release of the Company on November 5, 2012
regarding its ongoing negotiations with Sian, Midlands has now entered into a
binding term sheet with Sian whereby the Shares will be sold to Sian on terms
and conditions to be more particularly described in a definitive agreement (the
"Definitive Agreement") to be entered into between HCC, Midlands and Sian. The
execution and delivery of the Definitive Agreement will be a condition to the
closing of the Transaction, which is expected to occur after the Company's
annual and special meeting of shareholders.


The Shares held by the Corporation represent 65% of the issued and outstanding
shares of Akroma. The balance of the issued and outstanding shares of Akroma,
being 70,000,000 shares (the "Remaining Shares"), is owned by Sian. Sian has
acknowledged and agreed that if the Definitive Agreement is not fully executed
by June 21, 2013 and payment of the balance of the Purchase Price has not been
completed to the satisfaction of HCC, Sian will sell the Remaining Shares to
HCC, on the same valuation terms as negotiated between the parties with respect
to the Shares.


A non-refundable deposit of US$340,000 has been paid by Sian to Midlands, to be
held in escrow pending execution of the Definitive Agreement, subject to certain
required approvals to be obtained for the Transaction including approval from
the Company's board of directors, the Commission, the TSX Venture Exchange (the
"TSXV") and the Company's shareholders. The balance of the Purchase Price will
be paid upon execution of the Definitive Agreement, to be held in escrow pending
closing of the Transaction.


Craig Pearman, President and CEO of Midlands, stated that, "We are encouraged by
the recent developments with the Sian gold project negotiations and the
commitment shown by our joint venture partners, and we continue to explore every
opportunity to resolve the impasse commercially and to return the company to
full strength."


In accordance with the policies of the TSXV, the common shares of the Company
were halted from trading on June 3, 2013 and will remain halted until further
notice.


As indicated above, completion of the Transaction is subject to a number of
conditions, including shareholder approval. There can be no assurance that the
Definitive Agreement will be entered into or that the Transaction will be
completed on the terms contemplated in such agreement, or at all.


Tanzania Update:

Pursuant to the Company's continued efforts to reduce costs and conserve working
capital, Midlands is divesting its assets in Tanzania. Midlands has expended
resources to evaluate the exploration potential of its greenfields properties in
Tanzania, but is no longer in a position to carry a large land package without a
clear exploration plan. Midlands made a significant effort over the last year to
sell or joint venture these assets, but was unable to conclude any agreements
and consequently is divesting its assets by returning the properties to their
vendors.


About Midlands Minerals Corporation:

Midlands is a Canadian resource company with common shares that trade on the
TSXV under the symbol "MEX". Additional information on Midlands can be viewed
under the Company's profile at www.sedar.com or on Midlands' website:
www.midlandsminerals.com.


This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements regarding the execution of
the Definitive Agreement, the completion of the Transaction, the receipt of
regulatory and shareholder approvals, the Company's future plans, objectives or
expectations of the Company are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's plans or
expectations include risks relating to the fluctuating gold prices, possibility
of equipment breakdowns and delays, exploration cost overruns, availability of
capital and financing, general economic, market or business conditions,
regulatory changes, timeliness of government or regulatory approvals and other
risks detailed herein and from time to time in the filings made by the Company
with securities regulators. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise except as otherwise
required by applicable securities legislation. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Midlands Minerals Corporation
Craig Pearman
President and CEO
+1 604 366 2229
cpearman@midlandsminerals.com


Midlands Minerals Corporation
Nick Tintor
Chairman
+1 416 987 0855
ntintor@rgmi.ca
www.midlandsminerals.com
Mexican Gold Mining (TSXV:MEX)
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