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Maple Gold Mines Ltd
Symbol MGM
Shares Issued 267,128,127
Close 2020-10-01 C$ 0.155
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Maple Gold Mines appoints Bianchini adviser

2020-10-02 08:42 ET - News Release

Mr. Matthew Hornor reports

MAPLE GOLD APPOINTS EGIZIO BIANCHINI AS STRATEGIC ADVISOR

Maple Gold Mines Ltd. has appointed Egizio Bianchini as a strategic adviser to provide guidance and insight on strategic corporate matters. Mr. Bianchini was formerly executive vice-chairman of Ivanhoe Mines and previously held a distinguished 29-year career at BMO Capital Markets where he held the title of vice-chairman and co-head of the global metals and mining group from 2011 to 2018.

"Egizio is one of the most well-connected figures in the global mining industry and we are delighted to have his depth of experience as we forge ahead with the Douay gold project in Quebec," stated Matthew Hornor, president and chief executive officer of Maple Gold. "His appointment completes our roster of highly accomplished strategic advisers that also includes Timo Jauristo and Matthew Lechtzier. Their combined involvement signifies a major evolution in how we are approaching our business and the considerable opportunities that lay ahead."

Egizio Bianchini

Mr. Bianchini was formerly executive vice-chairman of Ivanhoe Mines and previously held a 29-year career at BMO Capital Markets, a member of Canada-based BMO Financial Group, where he served as vice-chairman and co-head of the global metals and mining group from April, 2011, to March, 2018. With more than 30 years experience in the metals and mining financial services sector, Mr. Bianchini has an extensive record in advising a wide range of metals and mining companies around the world and in structuring and executing initial public offerings and other capital raises.

Stock option grant

In conjunction with the new appointment, along with the appointments of Timo Jauristo and Matthew Lechtzier as announced on Sept. 14, 2020, the company has granted a total of 750,000 incentive stock options at a price of 20 cents. The company's stock option plan governs these incentive options, as well as the terms and conditions of their exercise, which is in accordance with policies of the TSX Venture Exchange.

About Maple Gold Mines Ltd.

Maple Gold Mines controls the 357-square-kilometre Douay gold project located within the prolific Abitibi greenstone belt in Northern Quebec, Canada. The project has an established National Instrument 43-101 gold resource of 422,000 ounces in the indicated category (8.6 million tonnes grading 1.52 grams per tonne Au) and 2.35 million ounces in the inferred category (71.2 million tonnes grading 1.03 g/t Au) with significant potential for resource expansion and new discoveries. The project benefits from exceptional infrastructure access and the company is currently focused on carrying out aggressive exploration programs to expand and update the known resource.

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