Mr. Kiran Patankar reports

MAPLE GOLD CLOSES $13 MILLION BROKERED LIFE OFFERING

Maple Gold Mines Ltd., further to its news releases on Sept. 24, 2025, and Sept. 25, 2025, has now closed its best efforts private placement offering, pursuant to which the company has issued: (i) 4,167,000 non-flow-through (NFT) common shares of the company at a price of $1.20 per NFT share; and (ii) 4,762,000 flow-through (FT) 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 Ltd., as sole lead agent and bookrunner, together with Agentis Capital Markets (First Nations Financial Markets LP), 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 chief executive officer of Maple Gold. "Strong support from leading institutional investors, including one of the world's largest precious metals funds taking a 9.5-per-cent stake, speaks both to the quality of our Quebec 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 (Quebec).

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, which 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) that will qualify as flow-through mining expenditures (as defined in the 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.

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 Oct. 23, 2027. The offering remains subject to final acceptance of the TSX Venture Exchange.

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 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.

We seek Safe Harbor.