Mr. Kiran Patankar reports

MAPLE GOLD STRENGTHENS BOARD AND MANAGEMENT TEAM WITH ADDITION OF SEASONED MINING EXECUTIVES

Maple Gold Mines Ltd. has appointed Darwin Green, PGeo, to its board of directors, effective immediately, and Ian Cunningham-Dunlop, PEng, to the position of vice-president, technical services, effective on or before Aug. 1, 2024. Mr. Green is a veteran mining entrepreneur and professional geologist with a passion for discovery and value creation. Mr. Cunningham-Dunlop is a senior mining executive and professional engineer with over 40 years of diversified experience in domestic/international mineral exploration and advanced project development.

"We are thrilled to have attracted executives of Mr. Green's and Mr. Cunningham-Dunlop's calibre to help drive the company's next phase of growth," stated Kiran Patankar, president and chief executive officer of Maple Gold. "These key appointments further enhance the technical, capital markets and corporate governance expertise of our senior leadership team as we continue to transform into a premier Canadian gold exploration and development company. Their endorsement of Maple Gold speaks to the resource expansion, discovery and development potential of our district-scale gold projects in Quebec."

Mr. Green -- director

Mr. Green has over 30 years of experience in the mineral mining industry and brings significant industry, corporate and technical knowledge to the company. He currently serves on the boards of New York Stock Exchange listed Contango Ore Inc. and TSX Venture Exchange listed Onyx Gold Corp. and Evergold Corp., and he serves as a technical adviser to other junior mining companies. Mr. Green previously served as founder, director, president and chief executive officer of Highgold Mining Inc. from August, 2019, until its recent acquisition by Contango Ore in July, 2024, and has served as founder and executive chairman of Onyx Gold since July, 2023. Between November, 2008, and December, 2019, he served as the vice-president, exploration, for Constantine Metal Resources Ltd., and, prior to that, Mr. Green oversaw exploration and underground development programs at the Niblack (copper/gold/zinc/silver) deposit in Alaska, for which he received the Commissioner's Award for Project Excellence by the State of Alaska. Mr. Green holds a BSc from the University of British Columbia and an MSc in economic geology from Carleton University.

Mr. Cunningham-Dunlop -- vice-president, technical services

Mr. Cunningham-Dunlop has a proven discovery record and an excellent familiarity with Archean lode gold systems from work throughout Ontario, Quebec and West Africa. He currently serves as executive vice-president with Onyx Gold and his extensive exploration and project management experience also includes Highgold Mining's Johnson Tract (gold/zinc/copper/silver/lead) project in Alaska, NewCastle Gold's Castle Mountain gold project in California, True Gold Mining's Karma gold mine in Burkina Faso, Fronteer Gold's Long Canyon gold mine in Nevada and the Agi Dagi/Kirazli/Halilaga/TV Tower gold and gold-copper projects in Turkey, and Aurora Energy's Michelin uranium deposit in Labrador. Mr. Cunningham-Dunlop also led the exploration team at Homestake Mining/Barrick Gold's Eskay Creek (gold/silver/copper/lead/zinc) mine in British Columbia from 1997 to 2003, where he was awarded the British Columbia and Yukon Chamber of Mines E.A. Scholz Award in October, 2003, for "Outstanding Contribution to a Mining Development Project in B.C. and the Yukon." He holds a BSc in geological engineering from Queen's University and is a qualified person under National Instrument 43-101.

Stock option issuance

The company's board of directors has approved the grant of stock options to purchase an aggregate of 1,075,000 common shares of the company, with an exercise price of 8.5 cents per common share to certain employees, officers, directors and consultants. Once vested, each option is exercisable into one common share for a period of five years from the grant date. The company's equity incentive plan governs these options as well as the terms and conditions of their exercise, which is in accordance with policies of the TSX-V. Further details regarding the plan are set out in the company's management information circular filed on May 15, 2023, which is available on SEDAR+.

About Maple Gold Mines Ltd.

Maple Gold Mines is a Canadian advanced exploration company focused on advancing the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi greenstone gold belt. The projects benefit from exceptional infrastructure access and boast approximately 400 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.

The district-scale 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 project ripe for new gold and polymetallic 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 region.

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