Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ('Maple Gold' or the 'Company') is pleased to report complete gold ('Au') assay results (multi-element assay results remain pending) from the first phase of deep drilling at the Telbel Mine area ('Telbel') of the Joutel Gold Project ('Joutel') located in Quebec, Canada, which is held by a 50/50 joint venture (the 'JV') between the Company and Agnico Eagle Mines Limited.

The JV completed a total of 7,343 metres ('m') in three (3) master drill holes and four (4) wedge drill holes, with TB-22-001 and TB-22-003 (and their respective wedges) testing the modeled down-plunge extension of gold mineralization beneath the historical Telbel workings. TB-22-002 (and its wedge) was a step-out to test the southeast continuity of the Eagle-Telbel system.

Highlighted Results and Key Takeaways: All three (3) holes intersected significant horizons of semi-massive to massive sulfides, with TB-23-003W2 intersecting significant gold mineralization approximately 575 m below the lowest level of historical mining at Telbel.

TB-23-003W2 intersected 3.5 grams per tonne ('g/t') Au over 4.8 m (from 2,018.2 m downhole), including 5.2 g/t Au over 2.0 m and 11.1 g/t Au over 0.5 m in semi-massive to massive pyrite. An additional intercept returned 3.9 g/t Au over 4.5 m in a pyrite-Fe-carbonate zone near the end of the hole (from 2,044.4 m), including 5.8 g/t Au over 2.0 m and 7.6 g/t Au over 1.0 m . These results indicate that gold mineralization is present well below the limits of historical mining in this area.

While the majority of historical sulfide intercepts are located along or near the known Eagle-Telbel Mine Horizon, both TB-23-003 wedges intersected broader semi-massive pyrite intervals intercepts were returned approximately 550 m up-hole from the intercepts noted above. This lower-grade gold mineralization in semi-massive sulfide could represent the edges of a new zone and confirms that gold mineralization is not limited to a single stratigraphic interval.

The longest hole, TB-23-002AW1, was drilled to 2,242.0 m, and ended in sulfide mineralization, with anomalous gold grades increasing downhole; the hole may have ended on the edge of a more significant sulfide body. Shallower nearby historical holes have shown significant sulfide concentrations in this area.

This first phase of deep drilling at Telbel demonstrates the presence of high-grade gold mineralization beneath the underground mine workings and the deepest historical gold intercepts at Telbel,' stated Matthew Hornor, President and CEO of Maple Gold. 'Two drill holes also essentially bottomed in mineralization, which indicates the potential for additional gold intercepts with modest drill hole extensions. The upper zone of lower-grade semi-massive pyrite in both TB-23-003W1 and -W2 also provide us with proof-of-concept for multiple additional broader zones of gold mineralization located in sparsely drilled areas with both grade and volume potential.'

Summary of Results and Technical Observations

The results from the initial Telbel deep drill program support the strike and depth continuity of the Eagle-Telbel Mine Horizon beyond the current limits of drilling and provide additional support for the presence of multiple mineralized horizons.

As encountered elsewhere within the Eagle-Telbel system, the main mineralized horizons appear to be closely associated with a key lithostructural contact zone between the felsic to intermediate volcanic and pyroclastic rocks of the Joutel-Raymond Grp. and the sedimentary rocks of the Harricana Grp.; multiple subparallel zones have also been identified through drilling and 3D modeling.

Historical data and recent drilling both point to potential depth extensions of the Telbel deposit along a steep southeasterly plunge. A daughter (wedge) hole of less than 500 m will be considered to test this target concept during the next phase of drilling.

Hole TB-22-002W1 ended approximately 1000 m to the SE of TB-22-003W2. Multiple sulfide zones occur over this interval, and additional sulfide zones extend to the southeast of the first indicating the system is still open in that direction.

The microgabbro can also be locally mineralized and where it is, there is a clear association between deformation, alteration and gold content. Thus, the Company's working mineralization model includes not only stratigraphic, but also structural controls. Deep drilling at Telbel included holes that were oriented north-south and south-north, which provides full coverage of the entire stratigraphy in this area.

About Maple Gold

Maple Gold Mines Ltd. is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Limited to jointly advance 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 400 km2 of highly prospective ground including an established gold resource at Douay (SLR 2022) that holds significant expansion potential as well as the past-producing Eagle, Telbel and Eagle West mines at Joutel. In addition, the Company holds an exclusive option to acquire 100% of the Eagle Mine Property.

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 well capitalized and is currently focused on carrying out exploration and drill programs to grow resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi.

Contact:

Tel: 778.686.6836

Email: jlang@maplegoldmines.com

Forward Looking Statements

This press release contains 'forward-looking information' and 'forward-looking statements' (collectively referred to as 'forward-looking statements') within the meaning of applicable Canadian securities legislation in Canada, including statements about exploration work and results from current and future work programs. Forward-looking statements are based on assumptions, uncertainties and management's best estimate of future events. Actual events or results could differ materially from the Company's expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.'s filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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