Mr. Kiran Patankar reports

MAPLE GOLD ANNOUNCES ANNUAL EQUITY INCENTIVE PLAN GRANTS

Maple Gold Mines Ltd.'s board of directors has approved the issuance of annual equity incentive plan grants to certain employees, officers, directors and consultants.

Pursuant to the company's equity incentive plan dated Dec. 17, 2020, as amended, and TSX Venture Exchange policies, Maple Gold's board of directors has approved the annual grant stock options to purchase an aggregate of 895,000 common shares of the company, with an exercise price of $2.40 per common share. The options will vest in equal tranches over 12-month and 24-month periods. Once vested, each option is exercisable into one common share for a period of five years from the date of the grant.

The company also granted a total of 580,000 restricted share units and 105,000 deferred share units to certain directors and employees of the company. The RSUs will vest in three equal tranches over a 36-month period. Once vested, each RSU and DSU entitle the holder thereof to receive either one common share, the cash equivalent of one common share, or a combination of cash and common shares, as determined by the company in accordance with the terms of the plan, net of applicable withholdings. DSUs may only be exercised once a director ceases to serve on the company's board of directors. In addition, 3,680 DSUs were issued to a director in lieu of cash director fees earned in 2025 in accordance with the terms of the plan.

Further information regarding the plan is set out in the company's management information circular filed on Oct. 16, 2025, which is available under the company's profile on SEDAR+.

About Maple Gold Mines Ltd.

Maple Gold Mines is a well-financed Canadian gold 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.