Maple Gold receives $2.31-million from warrant exercise

Executive Summary

• Maple Gold Mines Ltd. received $2,315,779.10 from the early exercise of 2,724,446 common share purchase warrants by strategic investor Michael Gentile.
• Mr. Gentile’s ownership stake increased from approximately 4.7% to 8.4% on an undiluted basis, strengthening the company's balance sheet to approximately $29 million in cash with no debt.
• The company highlighted upcoming catalysts including an updated mineral resource estimate for Douay and a maiden estimate for Joutel, alongside ongoing drilling results from a 30,000-metre expansionary program.

Key Details

• Transaction Value: Total proceeds of $2,315,779.10.
• Warrant Details:
  • Quantity: 2,724,446 common share purchase warrants.
  • Exercise Price: $0.85 per common share.
  • Original Issue Date: September 9, 2025.
  • Expiry Date: September 9, 2028.
• Ownership Change: Michael Gentile’s interest increased from ~4.7% to ~8.4% (undiluted basis).
• Balance Sheet Impact: Post-transaction cash position is approximately $29 million; the company has no debt.
• Share Count: Approximately 70 million common shares issued and outstanding.
• Lock-up Period: Shares issued remain subject to a 12-month hold period until September 9, 2026 (unless accelerated).
• Drilling Update:
  • Program: Fully funded 30,000-metre expansionary drill program at Douay/Joutel.
  • Progress: 39 holes completed (approx. 17,000 metres; 57% of approved metres).
  • Reported: 7 holes (3,100 metres; approx. 10% of approved metres) have been reported out.
• Upcoming Catalysts (H1 2026):
  • Updated Mineral Resource Estimate (MRE) for Douay.
  • Maiden MRE for Joutel (neither includes current drill program results).
  • Preliminary project trade-offs and internal scoping/engineering study to support a Preliminary Economic Assessment (PEA) in H2 2026.
• Investor Events:
  • March 18-19, 2026: Swiss Mining Institute, Zurich.
  • March 26, 2026: GCFF Gold Conference Series (virtual).
  • May 1-2, 2026: NRS Expo, Atlanta.
  • May 19-21, 2026: CG 5th Annual Global Mining & Metals Conference, Lake Las Vegas.
  • June 2-4, 2026: The Mining Investment Event + Core Shack, Quebec City.
  • Sept. 22-25, 2026: Precious Metals Summit, Beaver Creek.

Notable Quotes

• Kiran Patankar, President and CEO: "I would like to sincerely thank Michael Gentile for his continued support and confidence, as demonstrated by this early exercise of warrants. These proceeds further strengthen our balance sheet and will support the continued advancement and derisking of Douay/Joutel. We believe the company is well positioned with several near-term catalysts, including an updated mineral resource estimate and ongoing drill results from our fully funded 30,000-metre expansionary drill program, the largest in the property's history."
• Michael Gentile: "My decision to early exercise these warrants and substantially increase my ownership interest in Maple Gold reflects my strong conviction in the company's assets, team and disciplined approach to growth. I am encouraged by the positive steps being taken to unlock the inherent value of this highly prospective land package and am pleased to continue supporting the company as it advances its strategic objectives."