Maple Gold Mines Ltd. Launches Major Financing Initiative

Maple Gold Mines Ltd. (“Maple” or the “Company”), a Canadian mineral exploration company focused on advancing its high-potential projects in Québec, announced today that it has entered into a significant financing agreement aimed at raising up to $12 million through a brokered flow-through share offering, along with an additional $4 million through a concurrent non-brokered private placement. The financing package is expected to provide the company with capital to support its ongoing exploration work and strengthen its financial flexibility as it advances its exploration strategy.

Overview of the Offering

The brokered portion of the financing, known as the LIFE Offering, has been structured as a private placement of up to 3,525,000 flow-through shares (“FT Shares”) at a subscription price of $3.40 per share, which could generate gross proceeds of up to $11,985,000. Canaccord Genuity Corp. has been engaged to act as the lead agent and sole bookrunner on behalf of the syndicate of participating agents.

In addition to the LIFE Offering, Maple Gold also announced the intention to complete a concurrent non-brokered private placement that would raise up to $4,015,085. This portion of the financing consists of up to 1,070,960 FT Shares at the same issue price of $3.40, and up to 152,580 non-flow-through common shares (“NFT Shares”) at a price of $2.45 per NFT Share.

Participation and Strategic Support

A key strategic investor, Michael Gentile, has publicly indicated his intention to participate in the Offering, which would allow him to maintain his approximate 8.4 % partially diluted interest in Maple Gold. This commitment from existing investors sends a positive signal about confidence in the company’s exploration plans and future direction.

Use of Proceeds and Tax Treatment

Funds raised from the sale of FT Shares will be used to incur eligible “Canadian exploration expenses” that qualify as flow-through mining expenditures under the Income Tax Act (Canada). Maple Gold intends to incur such qualifying expenditures on or before December 31, 2027. Additionally, the company plans to renounce all qualifying expenditures in favor of the subscribers of the FT Shares effective December 31, 2026. This tax treatment is designed to benefit Canadian investors by allowing them to claim tax deductions associated with the qualifying exploration work.

What Are Flow-Through Shares?

Flow-through shares are a special type of equity financing used in Canada’s mining sector that allows a company to transfer certain tax deductions related to exploration expenditures to investors. This mechanism makes the shares more attractive to investors, particularly those looking for tax benefits, and helps junior exploration companies like Maple Gold raise capital efficiently.

Financial and Strategic Impact

By completing both the brokered and non-brokered components of the Offering, Maple Gold could raise approximately $16 million in gross proceeds. This influx of capital is expected to enhance the company’s ability to fund exploration programs, including drilling and fieldwork at its flagship projects, while maintaining operational flexibility.

The participation of a strategic investor and support from the syndicate of agents led by Canaccord Genuity Corp. further reinforces market confidence in Maple Gold’s strategy and leadership, positioning the company for continued progress in advancing its mineral assets.

About Maple Gold Mines Ltd.

Maple Gold Mines Ltd. (TSX-V: MGM; OTCQX: MGMLF; FSE: M3G0) is a Canadian resource company focused on the exploration and development of gold projects in Québec, including its flagship Douay/Joutel Gold Project. The company’s assets are located in a prolific mining region known for significant gold discoveries and strong infrastructure, which supports efficient exploration activities.

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