Maple Gold Mines Ltd.

Maple Gold Mines Ltd. (TSX.V: MGM, OTCQB: MGMLF) is a Canadian gold exploration company focused on unlocking value in the Abitibi Greenstone Belt, one of the world’s most prolific gold-producing regions. The company holds 100% ownership of the Douay and Joutel Gold Projects, spanning approximately 400 km² in Québec. With a current mineral resource estimate of ~3.0 million ounces (Moz) of gold at Douay and a high-grade, past-producing mining complex at Joutel, Maple Gold is advancing a district-scale gold opportunity in a top-tier jurisdiction.

Strategically partnered with Agnico Eagle Mines Ltd., one of Canada’s largest gold producers, Maple Gold benefits from technical expertise and financial backing to accelerate exploration and development. The company is executing a multi-phase growth plan, including expansion drilling, resource conversion, and advanced geological modeling, with the goal of increasing total gold resources to over 5 Moz.

With a strong balance sheet, fully funded exploration programs, and a focus on responsible resource development, Maple Gold is positioned as a leading junior gold explorer with the potential to deliver long-term value to shareholders.

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Maple Gold Mines presents a compelling investment opportunity with its district-scale land package in a premier gold belt, a low-cost resource growth strategy, and strong strategic backing from Agnico Eagle. The company’s flagship Douay Gold Project hosts a significant mineral resource of 3.0 Moz, with major expansion potential along strike and at depth.

The company’s aggressive 2025 drill program, including 10,000 meters at Douay and 3,000 meters at Joutel, is designed to expand known high-grade zones and convert Inferred Resources into Indicated Resources. Recent restructuring has also provided 100% ownership of the Douay and Joutel projects, allowing Maple Gold to fully control the advancement and monetization of its assets.

With Québec’s rich mining infrastructure, strong government support, and access to clean energy, Maple Gold benefits from a low-risk, mining-friendly environment. Combined with a disciplined capital allocation strategy and a highly experienced leadership team, the company is well-positioned to capitalize on rising gold prices and deliver substantial returns to investors.

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Maple Gold Mines Ltd. is led by a seasoned management team with extensive expertise in mining exploration, project development, and capital markets. The team is committed to advancing the company’s district-scale Douay and Joutel projects while maximizing shareholder value through disciplined exploration and strategic partnerships.

Kiran Patankar – President, CEO & Director
A highly experienced mining executive with a background in corporate strategy, finance, and project development, Kiran Patankar leads Maple Gold’s vision for resource expansion and value creation. His expertise in M&A, capital markets, and operational execution positions the company for sustainable growth.

Nick Furber – Chief Financial Officer (CFO)
A senior financial professional with over 25 years of experience providing consulting, management and financial advisory services for private and publicly traded companies, primarily focused in the mining industry.

Ian Cunningham-Dunlop, P.Eng. – VP, Technical Services
A veteran geologist and mining engineer, Ian brings over 35 years of experience in exploration and resource development. His leadership in geological modeling and drill targeting is instrumental in advancing the Douay and Joutel projects.

Maple Gold’s management team is complemented by a strong Board of Directors and technical advisors, including industry veterans with extensive experience in exploration, mining operations, and corporate governance. This leadership team is dedicated to executing a capital-efficient, value-driven growth strategy to establish Maple Gold as a premier gold exploration company in Québec.

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Maple Gold Mines is executing a robust growth strategy aimed at unlocking the full potential of its flagship Douay and Joutel projects in the renowned Abitibi Greenstone Belt. The company is focused on expanding its current 3.0 Moz resource at Douay to over 5 Moz by leveraging an aggressive, multi-phase drilling program. 

A 10,000-meter drill campaign at Douay is underway to convert Inferred Resources into higher-confidence Indicated Resources and to delineate new high-grade zones, while a planned 3,000-meter drill program at Joutel targets the extension of a past-producing, high-grade trend. Alongside these drilling initiatives, Maple Gold is advancing plans to update its resource estimates and explore potential underground mining opportunities—critical steps to de-risking the asset and enhancing its economic profile. 

Streamlined operations, cost reduction measures, and the integration of advanced geological modeling and data management techniques further support this growth strategy. Backed by a strong balance sheet, recent capital raises, and a strategic partnership with Agnico Eagle, Maple Gold Mines is well-positioned to capitalize on favorable market conditions and deliver sustainable long-term value to its investors.

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Maple Gold Mines Ltd. maintains a strong financial position, ensuring it is well-funded to execute its exploration and growth initiatives. The company’s disciplined approach to capital allocation has allowed it to focus on high-impact drilling programs and project development while maintaining financial flexibility.

Key financial highlights as of February 2025:

• Cash Balance: C$9.9 million (as of September 30, 2024), including a C$5.6 million financing completed in November 2024.
• Strategic Investment: Agnico Eagle increased its equity ownership to 19.9% at C$0.085/share, reflecting a 42% premium to market price.
• Market Capitalization: C$31.8 million, with a fully diluted share structure of 496.4 million shares.
• Exploration Budget: C$6.3 million allocated for 2025, funding a 10,000-meter drill program at Douay and 3,000 meters at Joutel.
• Capital Efficiency: Achieved a 67% reduction in G&A expenditures, redirecting funds toward resource expansion and project optimization.

With a low enterprise value per gold ounce (EV/oz) of ~US$5, Maple Gold trades at a significant discount to its North American gold exploration peers, presenting a strong upside potential for investors. The company continues to explore strategic financing options, including partnerships and potential non-dilutive funding sources, to further strengthen its balance sheet and accelerate project development.

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Maple Gold Mines Ltd. is emerging as a leading gold exploration company in North America, with a district-scale land position in Québec’s prolific Abitibi Greenstone Belt. With a 3.0 Moz gold resource at Douay, a past-producing, high-grade mining complex at Joutel, and a fully funded aggressive exploration program, the company is well-positioned for substantial resource growth.

Backed by Agnico Eagle Mines Ltd., Maple Gold benefits from technical expertise, financial strength, and a clear path to project advancement. The company’s disciplined capital allocation, strategic risk management, and focus on environmental stewardship ensure a responsible and sustainable approach to resource development.

With major resource expansion potential, a strong financial position, and a team of seasoned industry professionals, Maple Gold presents an attractive investment opportunity in the gold exploration sector. As the company executes its growth strategy, advances permitting, and explores new high-grade discoveries, it is poised to deliver long-term value for investors and stakeholders.

For those seeking exposure to a well-funded, high-potential gold exploration company in a top-tier mining jurisdiction, Maple Gold Mines represents a compelling opportunity in the evolving gold market.

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