Maple Gold Mines Ltd. (TSX-V: MGM) (OTCQX: MGMLF) (FSE: M3G0) announced that, pursuant to its recent Notice of Warrant Acceleration (see news release dated May 5, 2026), a total of 3,830,701 common share purchase warrants were exercised, resulting in the issuance of 3,830,701 common shares of the Company and gross proceeds to the Company of $3,256,096. The Warrants were exercisable at $0.85 per Common Share and were originally issued by the Company as part of a non-brokered private placement that closed on September 9, 2025.

Maple Gold is also pleased to report that 100% of the Warrants subject to acceleration were exercised prior to the deadline, reflecting strong shareholder conviction in the Company’s growth strategy and the continued advancement of its district-scale gold projects located in Québec, Canada.

The Company anticipates using the proceeds from the exercise of Warrants for working capital and general corporate purposes.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws and may not be offered or sold within the United States (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. The Company does not intend to engage in a public offering of its securities in the United States.

About Maple Gold

Maple Gold Mines Ltd. is a well-funded 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 square kilometers of highly prospective ground including an established multi-million-ounce gold mineral resource at Douay¹ and Joutel² deposits, both 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 Complex³.

Maple Gold’s property package also hosts a significant number of regional exploration targets along a 55-kilometer strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the property ripe for new gold and volcanogenic massive sulphide (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.