Mr. Matthew Hornor reports

MAPLE GOLD INTERSECTS 5.8 G/T GOLD OVER 2 METRES WITHIN 3.9 G/T GOLD OVER 4.5 METRES, AND UP TO 11.1 G/T GOLD MORE THAN 500 METRES BENEATH HISTORICAL TELBEL MINE AT JOUTEL

Maple Gold Mines Ltd. has released complete gold (Au) assay results (multielement assay results remain pending) from the first phase of deep drilling at the Telbel mine area of the Joutel gold project located in Quebec, Canada, which is held by a 50/50 joint venture (JV) between the company and Agnico Eagle Mines Ltd.

The JV completed a total of 7,343 metres in three master drill holes and four wedge drill holes, with TB-22-001 and TB-22-003 (and their respective wedges) testing the modelled down-plunge extension of gold mineralization beneath the historical Telbel workings. TB-22-002 (and its wedge) was a stepout to test the southeast continuity of the Eagle-Telbel system.

Highlighted results and key takeaways:

• All three holes intersected significant horizons of semi-massive to massive sulphides, with TB-23-003W2 intersecting significant gold mineralization approximately 575 m below the lowest level of historical mining at Telbel.
• TB-23-003W2 intersected 3.5 grams per tonne (g/t) Au over 4.8 m (from 2,018.2 m downhole), including 5.2 g/t Au over two m and 11.1 g/t Au over 0.5 m in semi-massive to massive pyrite. An additional intercept returned 3.9 g/t Au over 4.5 m in a pyrite-Fe (iron)-carbonate zone near the end of the hole (from 2,044.4 m), including 5.8 g/t Au over two m and 7.6 g/t Au over one m. These results indicate that gold mineralization is present well below the limits of historical mining in this area.
• While the majority of historical sulphide intercepts are located along or near the known Eagle-Telbel mine horizon, both TB-23-003 wedges intersected broader semi-massive pyrite intervals (up to 100 m downhole thickness), within which multiple lower-grade (up to 35 m thick and up to 1.1 g/t Au -- see the table entitled "Complete assay results from the first phase deep drilling program at Telbel (Joutel)") intercepts were returned approximately 550 m up-hole from the intercepts noted above. This lower-grade gold mineralization in semi-massive sulphide could represent the edges of a new zone and confirms that gold mineralization is not limited to a single stratigraphic interval.
• The longest hole, TB-23-002AW1, was drilled to 2,242 m and ended in sulphide mineralization, with anomalous gold grades increasing downhole -- the hole may have ended on the edge of a more significant sulphide body. Shallower nearby historical holes have shown significant sulphide concentrations in this area.

"This first phase of deep drilling at Telbel demonstrates the presence of high-grade gold mineralization beneath the underground mine workings and the deepest historical gold intercepts at Telbel," stated Matthew Hornor, president and chief executive officer of Maple Gold. "Two drill holes also essentially bottomed in mineralization, which indicates the potential for additional gold intercepts with modest drill hole extensions. The upper zone of lower-grade semi-massive pyrite in both TB-23-003W1 and -W2 also provide us with proof-of-concept for multiple additional broader zones of gold mineralization located in sparsely drilled areas with both grade and volume potential."

Summary of results and technical observations

The results from the initial Telbel deep drill program support the strike and depth continuity of the Eagle-Telbel mine horizon beyond the current limits of drilling and provide additional support for the presence of multiple mineralized horizons.

As encountered elsewhere within the Eagle-Telbel system, the main mineralized horizons appear to be closely associated with a key lithostructural contact zone between the felsic to intermediate volcanic and pyroclastic rocks of the Joutel-Raymond group, and the sedimentary rocks of the Harricana group; multiple subparallel zones have also been identified through drilling and 3-D modelling.

Historical data and recent drilling both point to potential depth extensions of the Telbel deposit along a steep southeasterly plunge. A daughter (wedge) hole of less than 500 metres will be considered to test this target concept during the next phase of drilling.

Hole TB-22-002W1 ended approximately 1,000 m to the southeast of TB-22-003W2. Multiple sulphide zones occur over this interval, and additional sulphide zones extend to the southeast of the first, indicating the system is still open in that direction.

There appears to be a spatial association between the southern contact of a microgabbro unit and the main zone of gold mineralization. The microgabbro can also be locally mineralized and where it is, there is a clear association between deformation, alteration and gold content. Thus, the company's working mineralization model includes not only stratigraphic, but also structural controls. Deep drilling at Telbel included holes that were oriented north-south and south-north, which provides full coverage of the entire stratigraphy in this area.

Next steps to support follow-up targeting and drilling at Telbel will include:

• Assessment of multielement assays to allow better characterization of rock types and define pathfinder zonation (in progress);
• Detailed review of downhole EM (electromagnetic) results for TB-23-001 and -002, and their respective wedges, and completion of the downhole EM survey for TB-22-003 and TB-23-003W2 (pending) to allow determination of continuity for sulphide zones;
• Surface mapping of the intersection between the Harricana and Joutel deformation zones east of TB-22-002A (in preparation); and
• Develop and refine follow-up proposed wedge drill holes for next phase of drilling.

Qualified person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, MSc, PGeo, vice-president of exploration for 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.

Quality assurance and quality control (QA/QC)

The company implements strict quality assurance and quality control protocols at Telbl, covering the planning and placing of drill holes in the field, drilling and retrieving the NQ-sized drill core, drill hole surveying, core transport, core logging by qualified personnel, sampling and bagging of core for analysis, transport of core from site to the Val d'Or, Que., ALS laboratory, sample preparation for assaying, and analysis, recording and final statistical vetting of results. Check assays for gold will be done on a sample subset at AGAT laboratory in Val d'Or. For a complete description of protocols, please visit the company's QA/QC webpage.

About Maple Gold Mines Ltd.

Maple Gold Mines is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines 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 boast approximately 400 square kilometres of highly prospective ground, including an established gold resource at Douay (SLR 2022) that holds significant expansion potential, as well as the past-producing Eagle, Telbel and Eagle West mines at Joutel. In addition, the company holds an exclusive option to acquire 100 per cent of the Eagle mine property.

The district-scale 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 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.

We seek Safe Harbor.