Maple Gold Completes $13 Million Private Placement for Quebec Exploration

• Closed private placement raising $13 million through 4,167,000 non-flow-through shares at $1.20 and 4,762,000 flow-through shares at $1.68
• One of the world's largest precious metals funds acquired a 9.5% ownership stake in the offering
• Flow-through proceeds of approximately $8 million allocated to Canadian exploration expenses on Quebec properties by December 31, 2026
• Non-flow-through proceeds of approximately $5 million designated for general administrative expenses and working capital over 12 months
• Expanded fall and winter drill programme to commence in coming weeks

Maple Gold Mines Ltd. (TSXV: MGM) is a Canadian advanced exploration company focused on its wholly-owned Douay/Joutel Gold Project in Quebec's Abitibi Greenstone Gold Belt. The company controls approximately 481 square kilometres of ground, including an established mineral resource at Douay, the past-producing Telbel and Eagle West mines at Joutel, and an exclusive option to acquire the Eagle Mine Property. The property package includes exploration targets along a 55-kilometre strike length of the Casa Berardi Deformation Zone that have not yet been drill-tested.

Private Placement Closing Details and Offering Structure

Maple Gold completed its private placement under the Listed Issuer Financing Exemption, issuing 4,167,000 non-flow-through common shares at $1.20 per share and 4,762,000 flow-through shares at $1.68 per share for total gross proceeds of $13,000,560. The offering was completed through Beacon Securities Limited as sole lead agent and bookrunner, alongside Agentis Capital Markets, Cormark Securities Inc., and Paradigm Capital Inc.

The flow-through shares qualify under the Income Tax Act (Canada) and the Taxation Act (Quebec), allowing investors to claim tax deductions for exploration expenditures incurred by the company. The price differential between flow-through and non-flow-through shares reflects the tax benefits available to eligible investors under Canadian and Quebec tax legislation.

The company paid cash commissions of $780,033.60 to the agents and issued 535,740 compensation warrants exercisable at $1.20 until October 23, 2027. Securities issued under the Listed Issuer Financing Exemption to Canadian subscribers are not subject to a statutory hold period. The offering remains subject to final acceptance by the TSX Venture Exchange.

Use of Proceeds for Flow-Through and Non-Flow-Through Shares

The company will deploy proceeds from the flow-through share sale to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures under the Income Tax Act. These expenditures, totalling approximately $8 million, will be spent on the company's Quebec mineral properties on or before December 31, 2026. All qualifying expenditures will be renounced in favour of subscribers effective December 31, 2025.

The flow-through funding will support exploration activities across the property package, including work at the Douay resource, the Joutel mining areas, and targets along the Casa Berardi Deformation Zone. The financing structure allows the company to fund exploration work whilst providing tax benefits to participating investors.

Net proceeds from the non-flow-through share sale, approximately $5 million after transaction costs, will be used for general and administrative expenses and unallocated working capital over 12 months. This portion of the financing addresses operational requirements including corporate functions, regulatory compliance, and ongoing business activities.

Institutional Investor Participation and Drill Programme Funding

The financing included participation from one of the world's largest precious metals funds, which acquired a 9.5% ownership position in the company. The offering was oversubscribed, according to management.

President and CEO Kiran Patankar stated:

"We are very pleased to have closed this upsized and oversubscribed financing, which bolsters our balance sheet and fully funds key catalysts through 2026. Strong support from leading institutional investors, including one of the world's largest precious metals funds taking a 9.5% stake, speaks both to the quality of our Quebec assets and the market's confidence in our team and growth strategy."

President and CEO Kiran Patankar added:

"We look forward to commencing an expanded fall/winter drill programme in the coming weeks."

The proceeds provide funding for the company's planned exploration activities through 2026, including the upcoming drill programme at the Douay/Joutel project.

Next Steps

Maple Gold will commence an expanded fall and winter drill programme in the coming weeks at the Douay/Joutel project. The programme will be funded by the $13 million financing, which the company states provides full funding for planned activities through 2026. The drill programme will target resource expansion at Douay and exploration along the Casa Berardi Deformation Zone.

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