Mr. Kiran Patankar reports

MAPLE GOLD ANNOUNCES EARLY EXERCISE OF WARRANTS BY MICHAEL GENTILE

Maple Gold Mines Ltd. has received total proceeds of $2,315,779.10 from the early exercise of 2,724,446 common share purchase warrants of the company by strategic investor Michael Gentile. Mr. Gentile's resulting ownership interest in the company has increased from approximately 4.7 per cent to approximately 8.4 per cent on an undiluted basis. The warrants had an exercise price of 85 cents per common share of the company and were originally issued on Sept. 9, 2025, with an expiry date of Sept. 9, 2028 (1).

Following the exercise of the warrants, Maple Gold has approximately $29-million in cash, no debt, and approximately 70 million common shares issued and outstanding. The company's strong balance sheet provides ample runway to support the continued exploration and development of its 100-per-cent-owned Douay gold project and Joutel gold project, located along the Casa Berardi-Douay gold trend in Quebec, Canada.

Kiran Patankar, president and chief executive officer of Maple Gold, stated: "I would like to sincerely thank Michael Gentile for his continued support and confidence, as demonstrated by this early exercise of warrants. These proceeds further strengthen our balance sheet and will support the continued advancement and derisking of Douay/Joutel. We believe the company is well positioned with several near-term catalysts, including an updated mineral resource estimate and ongoing drill results from our fully funded 30,000-metre expansionary drill program, the largest in the property's history."

Mr. Gentile added: "My decision to early exercise these warrants and substantially increase my ownership interest in Maple Gold reflects my strong conviction in the company's assets, team and disciplined approach to growth. I am encouraged by the positive steps being taken to unlock the inherent value of this highly prospective land package and am pleased to continue supporting the company as it advances its strategic objectives."

The common shares issued upon exercise of the warrants remain subject to lock-up agreements for a 12-month hold period that extends until Sept. 9, 2026 (unless otherwise accelerated) (1), applicable Canadian securities laws and the policies of the TSX Venture Exchange.

Key catalysts

The company expects to deliver several important catalysts in H1 (first half) 2026 aimed at establishing a significant district-scale gold camp in the heart of the Abitibi. These include the following:

• Updated mineral resource estimate (MRE) for Douay and maiden MRE for Joutel, neither of which include results from the current drill program under way;
• Preliminary project trade-offs and internal scoping/engineering study to support potential PEA (preliminary economic assessment) in H2 (second half) 2026;
• Further results from a continuing, fully financed 30,000-metre winter drill program at Douay/Joutel. Seven holes (3,100 metres (m); approximately 10 per cent of approved metres) have been reported out of the 39 holes (approximately 17,000 m; approximately 57 per cent of approved metres) completed to date;
• Additional stepout drill results at Douay/Joutel expected to support further resource growth, refinement of priority targets across the property and expanded drill programs through 2027, which the company currently expects to finance from its existing treasury.

Upcoming investor events:

• March 18, 2026, to March 19, 2026: Swiss Mining Institute, Zurich (CH), Switzerland;
• March 26, 2026: GCFF Gold Conference Series (virtual);
• May 1, 2026, to May 2, 2026: NRS Expo featuring Mr. Gentile, Atlanta, Ga.;
• May 19, 2026, to May 21, 2026: CG 5th Annual Global Mining & Metals Conference, Lake Las Vegas, Nev.;
• June 2, 2026, to June 4, 2026: The Mining Investment Event + Core Shack, Quebec City, Que.;
• Sept. 22, 2026, to Sept. 25, 2026: Precious Metals Summit, Beaver Creek, Colo.

About Maple Gold Mines Ltd.

Maple Gold is a well-financed Canadian advanced exploration company focused on advancing its 100-per-cetn-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 (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 (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.

(1) See news release dated Sept. 9, 2025, titled: "Maple Gold Closes Oversubscribed $5 Million Private Placement."

We seek Safe Harbor.