Mr. Matthew Hornor reports

MAPLE GOLD COMMENCES INDUCED POLARIZATION WORK TO TEST FOR POTENTIAL HIGHER-GRADE GOLD LENSES

Maple Gold Mines Ltd. recently commenced induced polarization work at Douay, with the aim of establishing new high-grade discovery targets during the first quarter. One area prospective for new higher-grade discoveries is located approximately six kilometres northeast of the Douay deposit's 531 zone.

Several chargeability anomalies were defined during a 2019 IP survey, including a broad northern anomaly approximately three km long within the same package of rocks as the recently closed Vezza mine (located only 12 km east of the Douay property limit). Discovering new high-grade lenses of mineralization within the company's greater property package has the potential to contribute significantly to conceptual mining scenarios and the company has therefore earmarked finances for initial scout drilling in the event favourable results are obtained from the infill IP work (seven lines) at the north IP target. Three test lines will also be undertaken in the 531 zone area.

Maple Gold's president and chief executive officer, Matthew Hornor, commented: "In addition to our drilling plans within the known resource area, we are very excited to firm up new discovery targets across our greater property package and believe the potential to discover new higher-grade gold lenses remains excellent. The broad north IP target we defined last year sits within an area prospective for higher-grade gold mineralization similar to other nearby mines along the same break (Casa Berardi 40 km to the west and Vezza 12 km to the east of Douay)."

Both Casa Berardi and Vezza deposits are structurally controlled and hosted within the Taibi group sedimentary rocks (Vezza), and/or the volcanic rocks immediately to the south (Casa Berardi). At Casa Berardi, past production plus resources equal approximately 6.2 million ounces gold, mainly in gold-bearing quartz (carbonate) veins. Current reserve grades are 5.3 g/t Au underground and 2.3 g/t Au in pit. The Vezza deposit, located in a similar geological (sediment hosted) and structural context, but with broader auriferous silica-carbonate alteration rather than veins, has past production plus current resources of about 400,000 ounces at an average grade of about six g/t Au. This geological context also occurs over the northern portion of the current Douay property, with the north IP target being largely undrilled.

Note: Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the company's Douay property.

In addition to the orogenic gold (Casa Berardi and Vezza) and intrusive-related gold (Douay) deposit types, the mafic-volcanic dominant Cartwright Hills group to the south also contains several sedimentary and/or felsic interflow horizons that are favourable for gold-rich volcanogenic massive sulphide deposits, similar to those that occur at Estrades approximately 12 km west of the Douay property boundary. Limited mining (340,000 tonnes) there in 1990 to 1991 yielded average grades of 13 per cent zinc, 1.2 per cent copper, 6.2 g/t gold and 170.8 g/t silver. Maple Gold remains excited about, and committed to continue, systematically testing these discovery targets.

Qualified person

The scientific and technical data contained in this press release were reviewed and prepared under the supervision of Fred Speidel, MSc, PGeo, vice-president of exploration of Maple Gold. Mr. Speidel is a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.

About Maple Gold Mines Ltd.

Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world's premier mining jurisdictions. The company's approximately 355 square km Douay gold project is located along the Casa Berardi deformation zone (55 km of strike) within the prolific Abitibi greenstone belt in Northern Quebec. The project benefits from excellent infrastructure and has an established gold resource that remains open in multiple directions.

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