Maple Gold Mines Ltd. (TSX-V: MGM) is pleased to announce that further to its news releases on September 24, 2025 and September 25, 2025, the Company has now closed its “best efforts” private placement offering, pursuant to which the Company has issued: (i) 4,167,000 non-flow-through common shares of the Company at a price of $1.20 per NFT Share; and (ii) 4,762,000 flow-through common shares of the Company at a price of $1.68 per FT Share for total gross proceeds to the Company of $13,000,560. The Offering was completed pursuant to an agency agreement between the Company and Beacon Securities Limited, as sole lead agent and bookrunner, together with Agentis Capital Markets (First Nations Financial Markets Limited Partnership), Cormark Securities Inc., and Paradigm Capital Inc.

“We are very pleased to have closed this upsized and oversubscribed financing, which bolsters our balance sheet and fully funds key catalysts through 2026,” stated Kiran Patankar, President and CEO of Maple Gold. “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 Québec assets and the market’s confidence in our team and growth strategy. We look forward to commencing an expanded fall/winter drill program in the coming weeks.”

Each FT Share qualifies as a “flow-through share” for the purposes of the Income Tax Act (Canada) and the Taxation Act (Québec).

The Offered Securities were offered pursuant to Part 5A  of National Instrument 45-106 – Prospectus Exemptions to purchasers resident in Canada and in other qualifying jurisdictions outside of Canada, including the United States, that were mutually agreed to by the Company and Beacon pursuant to relevant prospectus or registration exemptions in accordance with applicable laws. The Offered Securities issued under the Listed Issuer Financing Exemption to Canadian subscribers are not subject to a hold period in Canada.

The Company will use an amount equal to the gross proceeds from the sale of the FT Shares to incur eligible “Canadian exploration expenses” (as defined in the Tax Act): (i) that will qualify as “flow-through mining expenditures” (as defined in the Tax Act) related to the Company’s mineral properties located in Québec, Canada on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers effective December 31, 2025. The Company intends to use the net proceeds from the sale of NFT Shares for general and administrative expenses and unallocated working capital purposes over a period of 12 months following closing of the Offering.

In connection with the Offering, the Company: (i) paid cash commissions to the Agents equal to $780,033.60; and (ii) issued a total of 535,740 non-transferable compensation warrants of the Company to the Agents. Each Compensation Warrant entitles the holder to acquire one common share of the Company at the NFT Issue Price per Compensation Share until October 23, 2027. The Offering remains subject to final acceptance of the TSX Venture Exchange.

The Offered Securities, Compensation Warrants and Compensation Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act“) or the securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) or persons in the United States absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and the applicable securities laws of any state of the United States. The Compensation Warrants may not be exercised in the United States or by or on behalf or for the benefit of a U.S. Person or a person in the United States, unless such exercise is not subject to, or is exempt from, registration under the U.S. Securities Act and the applicable securities laws of any state of the United States.

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.