Mr. Kiran Patankar reports

MAPLE GOLD ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING RESULTS AND SHAREHOLDER APPROVAL OF JOINT VENTURE RESTRUCTURING TRANSACTION

All proposed resolutions at Maple Gold Mines Ltd.'s annual general and special meeting of shareholders held on Sept. 9, 2024, were duly passed by an overwhelming majority of shareholders. These included minority shareholder approval of the restructuring transaction between the company and Agnico Eagle Mines Ltd. that will result in Maple Gold obtaining legal title and a 100-per-cent ownership interest in the multimillion-ounce Douay gold project and the past-producing, high-grade Joutel gold project, located along the Casa Berardi-Douay gold trend in Quebec, Canada (see the company's news release dated June 20, 2024, for further details on the restructuring transaction).

The results for each of the matters voted upon at the meeting are set out in an attached table.

"We are pleased by this strong vote of confidence from shareholders in the company's leadership and in favour of the restructuring transaction, which consolidates ownership of the projects and effectively doubles our attributable gold mineral resource base," stated Kiran Patankar, president and chief executive officer of Maple Gold. "Upon completion, Maple Gold will gain 100-per-cent control of an established gold mineral resource at Douay, a past-producing, high-grade gold mining complex at Joutel, and a fertile and as-yet-underexplored, approximately 400-square-kilometre land package straddling one of the three major regional deformation zones in the Abitibi, with a clear path to advance the projects. The company expects to close the restructuring transaction in the coming days, and we look forward to announcing our plans for a fully financed fall/winter drilling campaign in due course."

Qualified person

The scientific and technical data contained in this press release were reviewed and approved by Jocelyn Pelletier, MSc, PGeo, chief geologist of Maple Gold. Mr. Pelletier is a qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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 km 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.

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