Maple Gold Increases Private Placement Financing to $13 Million

• Private placement upsized to $13 million gross proceeds through syndicate of agents led by Beacon Securities Limited
• Offering includes 4.17 million non-flow-through shares at $1.20 and 4.76 million flow-through shares at $1.68
• Flow-through proceeds allocated to Canadian exploration expenses qualifying for tax deductions
• Non-flow-through proceeds designated for general administrative expenses and working capital
• Expected closing October 23, 2025, pending TSX Venture Exchange and regulatory approvals

Maple Gold Mines Ltd. (TSXV: MGM) is a Canadian advanced exploration company focused on its 100%-owned, district-scale Douay-Joutel Gold Project located in Québec's Abitibi Greenstone Gold Belt. The company's property package covers approximately 481 square kilometres and includes an established gold mineral resource at Douay, the past-producing Telbel and Eagle West mines at Joutel, and an exclusive option to acquire 100% of the Eagle Mine Property. The properties span a 55-kilometre strike length of the Casa Berardi Deformation Zone and host multiple regional exploration targets that remain untested through drilling.

Private Placement Offering Upsize and Structure

Maple Gold has entered into an agreement to upsize its previously announced private placement offering with Beacon Securities Limited as lead agent. The syndicate includes Agentis Capital Markets Limited Partnership, Cormark Securities Inc., and Paradigm Capital Inc. The revised terms involve issuing up to 4.17 million non-flow-through common shares at $1.20 per share and up to 4.76 million flow-through common shares at $1.68 per share, generating total gross proceeds of up to $13,000,560.

The offering will be conducted under Part 5A (Listed Issuer Financing Exemption) of National Instrument 45-106 - Prospectus Exemptions for Canadian purchasers. In Québec, the offering will not commence until the French Form 45-106F19 has been filed. The securities will also be offered in other qualifying jurisdictions outside Canada, including the United States, pursuant to applicable prospectus or registration exemptions.

Securities issued under the Listed Issuer Financing Exemption to Canadian subscribers will not be subject to a hold period in Canada. For United States offerings, securities may only be offered to accredited investors and qualified institutional buyers through private placement exemptions under the Securities Act of 1933. The securities have not been registered under U.S. securities laws.

Flow-Through Share Tax Treatment and Use of Proceeds

Flow-through shares represent a distinctive Canadian financing mechanism that benefits both companies and investors. For Maple Gold, these instruments enable the company to raise exploration capital while transferring valuable tax deductions to shareholders. Canadian investors can claim deductions for eligible exploration expenses, effectively reducing their investment cost through tax savings.

The proceeds from flow-through share sales must be allocated exclusively to qualifying Canadian exploration expenses that meet specific regulatory criteria. These expenditures must qualify as "flow-through mining expenditures" under federal tax legislation, with additional Québec tax benefits available for eligible Québec residents. All qualifying expenditures will be renounced to subscribers effective December 31, 2025, providing tax benefits in the 2025 tax year.

Maple Gold has committed to incur these exploration expenses by December 31, 2026, providing a clear timeline for deployment of the raised capital. The company intends to allocate proceeds from non-flow-through shares toward general administrative expenses and working capital requirements over the following 12 months. This balanced approach ensures both immediate operational funding and sustained exploration activity, supporting the company's dual objectives of maintaining operations while advancing its flagship project.

Douay-Joutel Gold Project Development Strategy

The Douay-Joutel Gold Project represents one of Canada's most promising underdeveloped gold districts, benefiting from excellent infrastructure access and historical mining activity. The property's location within the Abitibi Greenstone Belt positions it among some of the world's most productive gold mining regions, providing geological confidence and operational advantages. The presence of past-producing mines demonstrates the area's gold endowment and extraction feasibility.

Maple Gold's development strategy focuses on expanding known mineral resources while systematically exploring regional targets along the Casa Berardi Deformation Zone. The company's extensive land package provides multiple exploration opportunities, reducing project risk through diversification while maximising discovery potential. Current exploration programmes aim to establish new mineral resources and validate the district-scale potential of the property package.

The financing proceeds will enable accelerated drilling programmes across priority targets, potentially leading to resource expansion and new discoveries. The company's methodical approach to exploration, combined with modern geological techniques and historical data, positions Douay-Joutel for significant value creation. With established infrastructure and favourable mining jurisdiction, successful exploration results could rapidly advance toward development consideration.

Looking Forward

Maple Gold expects to close the financing by October 23, 2025, subject to TSX Venture Exchange approval and other standard regulatory conditions. The successful completion of this expanded financing will provide the company with substantial resources to execute its exploration strategy throughout 2026. Key milestones include commencing qualified exploration expenditures, advancing drilling programmes across multiple targets, and potentially updating mineral resource estimates based on new exploration results. The company's focus remains on establishing Douay-Joutel as a significant new gold district within Canada's premier mining region.

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