Maple Gold Closes $13 Million Brokered LIFE Offering

On October 23, 2025, Maple Gold announced the closing of its upsized and oversubscribed brokered private placement, raising gross proceeds of $13,000,560. The financing consisted of: - 4,167,000 non-flow-through common shares at a price of $1.20 per share for gross proceeds of $5,000,400. - 4,762,000 flow-through common shares at a price of $1.68 per share for gross proceeds of $8,000,160.

CEO Kiran Patankar stated the financing bolsters the company's balance sheet and fully funds key catalysts through 2026. He highlighted strong support from leading institutional investors, including a major precious metals fund taking a 9.5% stake in the company. The company plans to commence an expanded fall/winter drill program in the coming weeks.

The closing of this $13 million financing is a materially positive event that significantly de-risks the company's financial position and validates its exploration strategy.

• Financial Strength: This financing, combined with the $5 million raised in September 2025, provides the company with a substantial treasury. Based on the June 30, 2025 financials which showed a cash balance of $3.2 million and a cash burn of approximately $4.7 million in the first half of the year, this capital injection was critical. The company is now fully funded for its aggressive exploration plans through 2026, removing the financing overhang that plagues many junior explorers.

• Institutional Validation: The participation of "one of the world's largest precious metals funds" taking a 9.5% position is a powerful endorsement. This follows the strategic investment by Michael Gentile in September. Such sophisticated investors provide significant credibility to the company's assets, management, and strategy.

• Strategic Execution: The news demonstrates management's ability to execute on its capital markets strategy. The financing was initially announced at $10 million on September 25 and was quickly upsized to $13 million on the same day due to strong demand, and has now closed as planned. The ability to raise this amount without warrants is a further sign of strength.

• Contextual Progression: This financing is the culmination of a series of transformative events since mid-2025, including the appointment of new directors, a 1-for-10 share consolidation, the strategic investment by Michael Gentile, and continued support from Agnico Eagle. The company has successfully repositioned itself from a cash-needing explorer into a well-capitalized entity with strong strategic backing, ready to focus purely on exploration.

The financing was conducted at prices ($1.20 for non-flow-through) that are slightly below the recent market price but represent a significant premium to where the stock was trading just two months ago, indicating they are financing from a position of strength. While dilutive, the capital is essential for value creation through exploration, a trade-off the market has clearly endorsed.

Maple Gold Mines is a gold exploration company focused on its 100%-owned Douay/Joutel Gold Project in the Abitibi Greenstone Belt of Quebec, Canada. The project consists of the Douay deposit, which has an established NI 43-101 mineral resource estimate of 511,000 ounces of gold in the indicated category and 2,530,000 ounces in the inferred category, and the adjacent Joutel project, which hosted a past-producing high-grade gold mine complex.

In December 2024, the company restructured its joint venture with Agnico Eagle to assume 100% ownership and operatorship, giving it full control over the project's strategic direction. The company's current focus is on expanding the known resources, particularly higher-grade zones at Douay, and initiating exploration at Joutel.