Maple Gold Announces $5 Million Private Placement and Board Changes

• Michael Gentile to acquire 9.9% stake and join as strategic advisor through $5 million non-brokered private placement
• Agnico Eagle to maintain 16.3% ownership by participating in the financing
• Marc Legault (former Agnico Eagle Senior VP) and Chris Adams (mining finance veteran) join board August 31
• Proceeds will fund 10,000-metre fall drilling at Douay and maiden drilling at Joutel
• 10-to-1 share consolidation scheduled for September 8, 2025

Maple Gold Mines Ltd. (TSXV: MGM) is a Canadian exploration company that owns the Douay/Joutel Gold Project in Quebec's Abitibi Greenstone Belt. The property covers 481 square kilometres within the Casa Berardi Deformation Zone.

The Douay project contains indicated mineral resources of 10 million tonnes at 1.59 g/t gold (511,000 ounces) and inferred resources of 76.7 million tonnes at 1.02 g/t gold (2.53 million ounces). The Joutel portion includes former producing mines that operated from 1974 to 1993, producing 1.1 million ounces at 6.5 g/t gold.

$5 Million Private Placement Details

The financing consists of $3.5 million in charity flow-through units at $0.85 per unit and $1.5 million in non-flow-through units at $0.60 per unit (post-consolidation basis). Michael Gentile will lead the placement and become a 9.9% shareholder on a partially diluted basis.

Agnico Eagle has indicated it will participate to maintain its 16.3% ownership interest under an existing investor rights agreement. The financing is expected to close September 8, 2025, subject to regulatory approvals including TSXV acceptance.

Flow-through proceeds must be used for Canadian exploration expenses on Quebec properties by December 31, 2026. Non-flow-through proceeds will support working capital and general corporate purposes. Certain investors have agreed to 12-month lock-up periods from closing.

Board Appointments and Changes

Marc Legault joins the board effective August 31, 2025. He worked 34 years at Agnico Eagle in exploration, operations and senior management roles, retiring in 2022 as Senior Vice President. Legault has direct experience in the Casa Berardi gold belt, including at the Eagle mine and Vezza deposit.

Chris Adams also joins August 31 as director and Audit Committee Chair. He has 30 years of mining finance experience and previously led Macquarie Group's mining finance business in the Americas. Adams holds degrees from McGill University and MIT, plus the CFA designation.

Michelle Roth will retire as Chairperson and Director, while Maurice Tagami will step down as Director, both effective August 31. CEO Kiran Patankar stated the new directors will enhance board capabilities as the company advances Douay/Joutel.

Operational Plans and Share Consolidation

Proceeds will fund a planned 10,000-metre fall 2025 drill programme at Douay/Joutel, expected to inform an updated mineral resource estimate in H1 2026. The programme will build on recent exploration at the Nika and 531 zones at Douay and complete maiden drilling at Joutel.

The board has approved a 10-for-1 share consolidation, reducing outstanding shares from 457.2 million to approximately 45.7 million, effective September 8, 2025. The company states this initiative aims to attract institutional and high-net-worth investors in improving precious metals markets.

‍