Maple Gold Mines Ltd. (TSX-V: MGM) (OTCQX: MGMLF) (FSE: M3G0) is pleased to announce that it has received total proceeds of $2,315,779.10 from the early exercise of 2,724,446 common share purchase warrants of the Company by strategic investor Michael Gentile. Mr. Gentile’s resulting ownership interest in the Company has increased from approximately 4.7% to approximately 8.4% on an undiluted basis. The Warrants had an exercise price of $0.85 per common share of the Company and were originally issued on September 9, 2025, with an expiry date of September 9, 2028¹.

Following the exercise of the Warrants, Maple Gold has approximately $29 million in cash, no debt and approximately 70 million common shares issued and outstanding. The Company’s strong balance sheet provides ample runway to support the continued exploration and development of its 100%-owned Douay Gold Project and Joutel Gold Project located along the Casa Berardi-Douay Gold Trend in Québec, Canada.

Kiran Patankar, President and CEO of Maple Gold, stated: “I would like to sincerely thank Michael Gentile for his continued support and confidence, as demonstrated by this early exercise of Warrants. These proceeds further strengthen our balance sheet and will support the continued advancement and de-risking of Douay/Joutel. We believe the Company is well positioned with several near-term catalysts, including an updated mineral resource estimate and ongoing drill results from our fully funded 30,000-meter expansionary drill program, the largest in the Property’s history.”

Michael Gentile added: “My decision to early exercise these warrants and substantially increase my ownership interest in Maple Gold reflects my strong conviction in the Company’s assets, team and disciplined approach to growth. I am encouraged by the positive steps being taken to unlock the inherent value of this highly prospective land package and am pleased to continue supporting the Company as it advances its strategic objectives.”

The common shares issued upon exercise of the Warrants remain subject to lock-up agreements for a 12-month hold period that extends until September 9, 2026 (unless otherwise accelerated)¹, applicable Canadian securities laws and the policies of the TSX Venture Exchange.

 

Key Catalysts

The Company expects to deliver several important catalysts in H1 2026 aimed at establishing a significant district-scale gold camp in the heart of the Abitibi. These include the following:

• Updated mineral resource estimate for Douay and maiden MRE for Joutel, neither of which include results from the current drill program underway.

• Preliminary project trade-offs and internal scoping/engineering study to support potential PEA in H2 2026.

• Further results from an ongoing, fully funded 30,000-metre winter drill program at Douay/Joutel. Seven holes (3,100 m; ~10% of approved metres) have been reported out of the 39 holes (~17,000 m; ~57% of approved metres) completed to date.

• Additional step-out drill results at Douay/Joutel expected to support further resource growth, refinement of priority targets across the Property and expanded drill programs through 2027, which the Company currently expects to fund from its existing treasury.

 

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 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.