Maple Gold Closes Oversubscribed $5 Million Private Placement

Maple Gold Mines Ltd. (TSXV: MGM,OTC:MGMLF) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce that, further to its news release dated August 20, 2025, the Company has completed a non-brokered private placement (the "Offering") raising aggregate gross proceeds of approximately C$5 million. Pursuant to the Offering, the Company issued: (i) 4,117,647 charity flow-through units of the Company (each, a "FT Unit") at a price of C$0.85 per FT Unit for gross proceeds of approximately C$3.5 million; and (ii) 2,500,000 non-flow-through units of the Company (each, a "NFT Unit") at a price of C$0.60 per NFT Unit for gross proceeds of approximately C$1.5 million. The Offering was significantly oversubscribed.

As a result of his participation in the Offering, leading strategic investor Michael Gentile now holds approximately 9.9% of the issued and outstanding common shares of the Company (each, a "Share") on a partially-diluted basis and has joined the Company as a Strategic Advisor. In addition, pursuant to an investor rights agreement between the Company and Agnico Eagle Mines Limited ("Agnico Eagle"), Agnico Eagle has participated in the Offering to maintain its pro rata ownership interest in the Company at approximately 16.3% on a partially-diluted basis.

"We are extremely pleased with the success of our financing and the strong support we received from both new and existing shareholders," stated Kiran Patankar, President and CEO of Maple Gold. "The proceeds will allow us to aggressively drill our flagship Douay/Joutel gold project this fall, where we aim to advance high-grade extensions in the Nika and 531 zones at Douay and initiate a maiden drill program along the entire Eagle-Telbel mine trend at Joutel to support an updated mineral resource estimate targeted for the first half of 2026. I would also like to welcome Michael Gentile as a cornerstone shareholder and Strategic Advisor to the Company and extend our sincere thanks to Agnico Eagle for their continued support."

Maple Gold also announces that, further to its news releases dated August 20, 2025 and September 4, 2025, it has completed a Share consolidation on a ten (10) to one (1) basis (the "Consolidation"). The effective date of the Consolidation was September 8, 2025.

Offering Details

Each FT Unit consists of one Share issued on a "flow-through basis" (each, a "FT Share") and one Share purchase warrant issued on a non-flow-through basis (each, a "Warrant") and each NFT Unit consists of one Share and one Warrant. Each Warrant entitles the holder to purchase, for a period of 36 months from the date of issue, one additional Share at an exercise price of C$0.85 per Share. The expiry date of the Warrants is subject to acceleration such that, should the closing price of the Shares on any Canadian stock exchange equal or exceed C$2.50 for 20 consecutive trading days, the Company, within 15 business days of such event, shall be entitled to accelerate the expiry date of the Warrants to a date that is 30 calendar days from the date that notice of such acceleration is given via news release, with the new expiry date specified in such news release.

The gross proceeds from the sale of the FT Units will be used by the Company to incur "Canadian exploration expenses" within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec), on its properties in the province of Québec on or before December 31, 2026. The net proceeds from the sale of the NFT Units will be used for working capital and general corporate purposes.

The Offering remains subject to final acceptance by the TSX Venture Exchange ("TSXV"). All securities issued under the Offering are subject to a hold period of four months and one day from the closing date of the Offering, in accordance with the rules and policies of the TSXV and applicable Canadian securities laws. Certain investors have entered into lock-up agreements for a 12-month hold period from the closing date of the Offering.

In connection with the Offering: (a) certain officers and directors of the Company collectively acquired 77,268 NFT Units; and (b) Agnico Eagle acquired 586,619 NFT Units. The foregoing transactions constitute, in each case, a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by the insiders, exceeded 25% of the Company's market capitalization, in each case as determined under MI 61-101. The Company did not file a material change report 21 days before closing of the Offering because the Company wished to close the Offering as expeditiously as possible for sound business reasons.

The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Qualified Person

Ian Cunningham-Dunlop, P.Eng. (PEO/EGBC/OGQ), Vice President, Technical Services of Maple Gold, has reviewed and approved the scientific and technical information related to exploration and mineral resource matters contained in this news release. Mr. Cunningham-Dunlop is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About the Douay/Joutel Gold Project

The Douay/Joutel Gold Project is located adjacent to Highway 109 in the heart of Québec's Abitibi greenstone belt, one of Canada's premier gold mining districts. This large, 100%-owned land package includes the Company's flagship Douay Gold Project, which hosts an established mineral resource^[1] containing 511,000 ounces of gold (Indicated) and 2.53 million ounces of gold (Inferred), as well as the past-producing, high-grade Joutel Mine Complex^[2]. Douay/Joutel contains ~481 km² of highly prospective geology within the influence of the major gold-bearing Casa Berardi Deformation Zone. Gold mines in the immediate region include the Casa Berardi Gold Mine operated by Hecla Mining Company and the Detour Lake Gold Mine operated by Agnico Eagle.

About Maple Gold

Maple Gold Mines Ltd. is a Canadian advanced exploration company focused on advancing its 100%-owned, district-scale Douay/Joutel Gold Project located in Québec's prolific Abitibi Greenstone Gold Belt. Douay/Joutel benefits from exceptional infrastructure access and boasts ~481 km² of highly prospective ground including an established gold mineral resource at Douay with significant expansion potential as well as the past-producing Telbel and Eagle West mines at Joutel. In addition, the Company holds an exclusive option to acquire 100% of the Eagle Mine Property, a key part of the historical Joutel Mining Complex.

Maple Gold's property package also hosts a significant number of regional exploration targets along a 55-km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the property ripe for new gold and VMS discoveries. The Company is currently focused on carrying out exploration and drill programs to grow mineral resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi. For more information, please visit www.maplegoldmines.com.

ON BEHALF OF Maple Gold Mines LTD.

"Kiran Patankar"

Kiran Patankar, President & CEO

For Further Information, Please Contact:

Kiran Patankar, President & CEO
or
Deborah Honig, Adelaide Capital - deborah@adcap.ca

Phone: 647-203-8793
Email: info@maplegoldmines.com
Website: www.maplegoldmines.com
LinkedIn: https://www.linkedin.com/company/maplegoldmines

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Forward-Looking Statements and Cautionary Notes:

This news release contains "forward-looking information" and "forward-looking statements" (collectively referred to as "forward-looking statements") within the meaning of applicable Canadian securities legislation in Canada. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. Forward-looking statements in this news release include, but are not limited to, statements about the Offering (including the tax treatment of the FT Shares and use of proceeds of the Offering, the filing of the material change report in respect of the Offering and the participation of certain insiders in the Offering), the planned fall drill program at Douay/Joutel, the updated mineral resource estimate planned for H1 2026, resource expansion and discovery potential across the Company's gold projects, and its intention to pursue such potential, and the Company's exploration work and results from current and future work programs. Although the Company believes that forward-looking statements in this news release are reasonable, it can give no assurance that such expectations will prove to be correct, as forward-looking statements are based on assumptions, uncertainties and management's best estimate of future events on the date the statements are made and involve a number of risks and uncertainties. Consequently, actual events or results could differ materially from the Company's expectations and projections, and readers are cautioned not to place undue reliance on forward-looking statements. For a more detailed discussion of additional risks and other factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements in this news release, please refer to the Company's filings with Canadian securities regulators available on the System for Electronic Document Analysis and Retrieval Plus (SEDAR+) at www.sedarplus.ca or the Company's website at www.maplegoldmines.com. Except to the extent required by applicable securities laws and/or the policies of the TSX Venture Exchange, the Company undertakes no obligation to, and expressly disclaims any intention to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

^[1] The Douay Project contains Indicated Mineral Resources estimated at 10 million tonnes at a grade of 1.59 g/t Au (containing 511,000 ounces of gold), and Inferred Mineral Resources estimated at 76.7 million tonnes at a grade of 1.02 g/t Au (containing 2,527,000 ounces of gold). See the technical report for the Douay Gold Project entitled "Technical Report on the Douay and Joutel Projects Northwestern Québec, Canada Report for NI 43-101" prepared by SLR Consulting (Canada) Ltd. with an effective date of March 17, 2022, and dated April 29, 2022.
^[2] The Eagle, Eagle West and Telbel Gold Mines at Joutel were in production from 1974 to 1993 and produced 1.1 million ounces of gold at an average grade of 6.5 g/t Au (Agnico Eagle's corporate website)

Not for distribution to United States news wire services or for dissemination in the United States

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Maple Gold Mines TSXV:MGM Gold Investing

MGM:CA

Maple Gold Mines

Overview

Maple Gold Mines (TSXV:MGM,OTCQB:MGMLF,FSE:M3G) is an advanced gold exploration company focused on the Douay gold project located in Quebec’s prolific Abitibi Greenstone belt. The company has formed a strategic partnership with Agnico Eagle Mines (TSX:AEM, NYSE:AEM) that included a C$6.2 million strategic investment at a significant premium. The partnership also contemplates for a 50-50 joint venture that will combine Maple Gold’s Douay Project and Agnico’s Joutel Project into a consolidated joint property package. Under the agreement, Agnico Eagle Mines is set to solely fund C$18 million in exploration over a four-year term. According to the press release, “Agnico and Maple Gold have agreed to negotiate in good faith and use commercially reasonable efforts to enter into a joint venture agreement (the “JV Agreement”) within three (3) months of signing the Binding Term Sheet.”

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Advancing the Douay Gold Project in Quebec’s Abitibi Greenstone Belt

Maple Gold Signs Option Agreement to Acquire the Past-producing Eagle Mine Property at the Joutel Gold Project

Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce that it has entered into an option agreement with Globex Mining Enterprises Inc. ("Globex") to acquire a 100% interest in the Eagle Mine Property ("Eagle" or the "Property"), providing a clear path to consolidate the past-producing, high-grade Eagle-Telbel underground mines at the Joutel Gold Project in Quebec, Canada. The Joutel Gold Project ("Joutel") is held by a 5050 joint venture ("JV") between the Company and Agnico Eagle Mines Limited ("Agnico").

Summary:

Eagle hosts the historical underground Eagle Mine, which formed a part of Agnico's past-producing Eagle-Telbel mining complex that produced 1.1 million ounces of gold between 1974 and 1993.^[1]

The transaction consolidates a strategic land position along the dominant northwest-southeast gold trend (Harricana Deformation Zone) that hosted the entire Eagle-Telbel mining complex. Limited exploration activity has been conducted at Eagle since mine closure in 1993.

Maple Gold will acquire a 100% interest in Eagle by completing payments to Globex totaling C$1.2 million in cash and shares over five years and incurring exploration expenditures of C$1.2 million over four years, which can be accelerated at the Company's discretion.

Maple Gold will immediately begin developing a new 3D geological and structural model that builds upon the work currently underway at the Telbel underground mine area and will apply additional exploration approaches to target new gold zones in the Eagle Mine area that may have been overlooked over the past 28 years.

"Securing an option to acquire Eagle is highly strategic as we have strong reason to believe that high-grade gold mineralization remains at the entire past-producing Eagle-Telbel mine area," stated Matthew Hornor, President and CEO of Maple Gold. "Consolidating this ground provides significant exploration upside through potential near-mine extensions to the historic underground workings. We will apply a similar approach that we have been using at Telbel and Douay and leverage the JV's access to historical drill data and mining records to expand our 3D model and targeting along this entire trend."

Eagle Mine Property Details

The 77-hectare Eagle Mine Property is located several kilometres west of the former mining town of Joutel. The Property is readily accessible by the same Highway 109 that runs through the JV's Douay Gold Project which connects the towns of Amos and Matagami.

The Property hosts the historical underground Eagle Mine which formed a part of Agnico's first gold mining camp and includes a production shaft that extends to a depth of approximately 950 metres. Combined with the nearby past-producing Telbel underground and Eagle West open-pit/underground mines, the entire mining operation produced over 1.1 million ounces of gold from the mining and milling of approximately five million tonnes of ore between 1974 and 1993.^[2]

Figure 1: Plan view on regional geology base map showing location of the Eagle Mine claim along with select past drill results and locations of other mines in the former Eagle-Telbel gold operation. *Tailings area represents claims including tailings and settling ponds with associated liabilities which is excluded from the JV.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3077/90557_a03f9e53a4ef7b2d_001full.jpg

Exploration drilling at the Eagle Mine in 1992, during its second-to-last year of operation, included hole AE-92-30A which returned 10.2 metres of 10.2 g/t Au. From 2008 to 2015, Globex completed a series of six widely spaced infill and step-out drill holes. This included hole EM-14-001, which returned 12.4 m of 2.9 g/t Au from 347 to 359 m downhole, including 4.8 m of 5.4 g/t Au (see Figure 1 above).

Globex drill holes from 2008 to 2015 were recently reviewed by Maple Gold's VP Exploration and were observed to exhibit multiple sulfide horizons, with variable amounts of associated iron carbonate and quartz, mainly within a strongly deformed sedimentary and pyroclastic package. Similar alteration and mineralization were also noted within weakly deformed subvolcanic mafic intrusives.

Plate 1: Core box containing the main mineralized interval in hole EM-14-001 from 354.6 to 359.1 m downhole, showing abundant pyrite as well as white iron-carbonate veinlets.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3077/90557_a03f9e53a4ef7b2d_002full.jpg

Plate 2: Semi-massive pyrite cut by iron carbonate veinlet (lower left) at 354.9 m in EM-14-001, part of a 1 m sample interval that gave 13.7 g/t Au.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3077/90557_maple.4.jpg

Terms of the Option Agreement:

Maple Gold can acquire a 100% interest in Eagle by completing payments to Globex totaling C$1.2 million in cash and shares over five years and incurring exploration expenditures on the Property of C$1.2 million over a four-year period, which can be accelerated at Maple Gold's discretion. Globex will retain a 2.5% Gross Metal Royalty ("GMR"), which is subject to a Right of First Refusal and can be reduced to a 1.5% GMR in consideration for a cash payment of C$1.5 million. Table 1 below outlines the terms for Maple Gold to exercise the option and earn an undivided 100% interest in Eagle.

Table 1: Earn-in Terms of Option to Acquire undivided 100% Interest

Time/Period	Cash	Shares	Exploration
On signing	$50,000*	$50,000*	N/A
6-month anniversary	$50,000*	$50,000*	$200,000*
12-month anniversary	$50,000	$50,000	N/A
18-month anniversary	$62,500	$62,500	N/A
2-year anniversary	$62,500	$62,500	$300,000
3-year anniversary	$75,000	$75,000	$300,000
4-year anniversary	$100,000	$100,000	$400,000
5-year anniversary	$150,000	$150,000	N/A
Totals	$600,000	$600,000	$1,200,000

Notes:

All amounts in CAD$
Starred amounts (*) represent firm obligations of Maple Gold. All other amounts at the discretion of the Company
Share payments at a deemed price equal to the 20-day VWAP (or minimum of TSX Venture Exchange discount)
Upon completion of the earn-in, Globex will transfer title and ownership in the Eagle Property to the direction of Maple Gold, free and clear of all encumbrances apart from a 2.5% GMR
If Maple Gold fails to fund any exploration expenditures in any given period, the Company may, at its option, pay cash in lieu to Globex representing the difference of the required amount and the amount funded in such period.

Qualified Person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc., P. Geo., Vice-President Exploration of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this press release through his direct participation in the work.

About Maple Gold

Maple Gold Mines Ltd. is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Limited to jointly advance the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. The projects benefit from exceptional infrastructure access and boasts ~400 km² of highly prospective ground including an established gold resource (RPA 2019) that holds significant expansion potential as well as the past-producing Telbel mine.

The property also hosts a significant number of regional exploration targets along a 55 km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the project ripe for new gold and polymetallic discoveries. The Company is well capitalized and is currently focused on carrying out exploration and drill programs to grow resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi. For more information, please visit www.maplegoldmines.com.

ON BEHALF OF Maple Gold Mines LTD.

"Matthew Hornor"
B. Matthew Hornor, President & CEO

For Further Information Please Contact:

Shirley Anthony
Director, Corporate Communications
Cell: 778.999.2771
Email: santhony@maplegoldmines.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Forward Looking Statements:

This press release contains "forward-looking information" and "forward-looking statements" (collectively referred to as "forward-looking statements") within the meaning of applicable Canadian securities legislation in Canada, including statements about exploration work and results from current and future work programs. Forward-looking statements are based on assumptions, uncertainties and management's best estimate of future events. Actual events or results could differ materially from the Company's expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.'s filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.maplegoldmines.com. The Company does not intend, and 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 required by law.

News Provided by Newsfile via QuoteMedia

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Sun Summit Minerals Eyes "Multimillion-Ounce" Gold Deposit at JD Project

Sun Summit Minerals (TSXV:SMN,OTCQB:SMREF) is advancing toward a multimillion-ounce resource at its flagship JD gold project in BC following “fantastic” results from the first drill hole, which showed high-grade, shallow mineralization, according to CEO Niel Marotta.

“The thesis here is that, if we prove up a multimillion-ounce deposit, we really think there's 10x potential in our market cap. We're trading at about a C$40 million market cap now, which is about 10 percent of our neighbors. So that, I think, is what people ought to focus on,” he said.

In a recent announcement, Sun Summit reported that the first hole completed in 2025 returned “one of the strongest intervals of consistent and near-surface gold mineralization” drilled to date at the Creek zone. Results include 78 meters of 3.72 grams per ton gold starting at 30 meters down hole. The company plans to conduct follow-up drilling this season.

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Gold bars and coins on a dark wooden table.

Gold Sector Consolidation Ramps Up with Newmont, Alamos and First Nordic Deals

The gold sector is undergoing another wave of portfolio reshuffling.

Fresh deals across the sector signal a growing shift toward consolidation and selective asset sales as stakeholders seek further growth during the yellow metal’s historic price run.

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Historical drill intercepts ABOVE mined-out stopes (from surface to 500 m depth)		Historical drill intercepts BELOW mined-out stopes (below 1,000 m depth)
Drill core length (m)	Gold grade (g/t Au)	Drill core length (m)	Gold grade (g/t Au)
4.8	9.4	3.0	57.2
7.9	5.0	13.1	10.0
2.2	16.6	2.0	53.8
15.3	2.3	15.7	5.2
6.0	5.5	4.1	18.4
2.1	14.1	11.7	5.5
6.1	3.0	10.1	5.1
7.3	2.1	4.5	10.6

Maple Gold Closes Oversubscribed $5 Million Private Placement

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