Mr. Kiran Patankar reports

MAPLE GOLD ANNOUNCES $10 MILLION BROKERED LIFE OFFERING

Maple Gold Mines Ltd. has entered into an agreement with Beacon Securities Ltd. to act as sole lead agent and bookrunner, on behalf of a syndicate of agents to be formed, in connection with a best effort private placement offering of a combination of non-flow-through common shares of the company at a price of $1.20 per NFT share and flow-through common shares of the company at a price of $1.68 per FT share for total gross proceeds to the company of up to $10-million.

Each FT share shall qualify as a flow-through share for the purposes of the Income Tax Act (Canada).

The offered securities will be offered pursuant to Part 5A (the Listed Issuer Financing Exemption) of National Instrument 45-106 (Prospectus Exemptions) to purchasers resident in Canada; however, the offering in Quebec will not commence until such time as the French Form 45-106F19 has been filed and posted on SEDAR+, and in other qualifying jurisdictions outside of Canada, including the United States, that are 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 will not be 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); and (ii) in respect of Quebec resident subscribers who are eligible individuals under the Taxation Act (Quebec), that will also qualify for inclusion in the exploration base relating to certain Quebec exploration expenses within the meaning of Section 726.4.10 of the Quebec Tax Act and for inclusion in the exploration base relating to certain Quebec surface mining expenses within the meaning of Section 726.4.17.2 of the Quebec Tax Act related to the company's mineral properties located in Quebec, Canada, on or before Dec. 31, 2026. All qualifying expenditures will be renounced in favour of the subscribers, effective Dec. 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.

There is an offering document related to this offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

The offering is expected to close on or about Oct. 23, 2025, and is subject to the company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

Offers for sale of the offered securities in the United States may only be made to a limited number of accredited investors (as defined in Rule 501(a) of Regulation D under the U.S. Securities Act of 1933, as amended) and to qualified institutional buyers (as defined in Rule 144A), who are also accredited investors, in each case, by way of a private placement pursuant to the exemption from the registration requirements of the 1933 act provided by Rule 506(b) of Regulation D under the 1933 act and/or Section 4(a)(2) of the 1933 act, and similar exemptions under applicable state securities laws.

About Maple Gold Mines Ltd.

Maple Gold is a Canadian advanced exploration company focused on advancing its 100-per-cent-owned, district-scale Douay/Joutel gold project located in Quebec's prolific Abitibi greenstone gold belt. Douay/Joutel benefits from exceptional infrastructure access and boasts approximately 481 square kilometres 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 per cent 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-kilometre 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 discoveries. The company is currently focused on carrying out exploration and drill programs to increase mineral resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi.

We seek Safe Harbor.