Mr. Kiran Patankar reports

MAPLE GOLD ANNOUNCES UPSIZE OF BROKERED LIFE OFFERING TO $13 MILLION

Maple Gold Mines Ltd. has entered into an agreement to upsize its previously announced best efforts private placement offering with Beacon Securities Ltd., on behalf of a syndicate of agents including Agentis Capital Markets LP, Cormark Securities Inc. and Paradigm Capital Inc. Under the amended terms of the offering, the company will issue up to 4,167,000 non-flow-through common shares of the company (the NFT shares) at a price of $1.20 per NFT share and up to 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 up to $13,000,560.

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 of National Instrument 45-106 -- Prospectus Exemptions (NI 45-106) 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 (the closing date), and is subject to the company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Maple Gold Mines Ltd.

Maple Gold Mines 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 VMS (volcanogenic massive sulphide) 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.

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