Maple Gold Mines Ltd. announced that, further to the Company's news release on October 7, 2022, two additional drill rigs have been secured, bringing the number of rigs at site up to five in total. The additional rigs will help to complete the previously announced 6,000 metre deep drilling program in the Telbel mine area at the Joutel Project, which is held by a 50/50 joint venture between the Company and Agnico Eagle Mines Limited, as well as initiate the previously announced 10,000 m deep drilling program at the JV's Douay Project in the coming weeks. Three drill rigs are currently turning at the Company's 100%-controlled Eagle Mine Property, where the previously announced 5,000 m Phase III drill program is expected to be completed by year-end.

A fourth drill rig was added in late October and continues to drill at Telbel. The fifth drill rig has arrived at site and been mobilized to Telbel, where the Company expects to complete the 6,000 m program by January 2023. As drill rigs become available from Eagle and Telbel, they will be relocated to Douay and the Company anticipates having all five drill rigs turning at Douay during first quarter 2023 to expedite the 10,000 m deep drilling program.

The Company has now released assay results corresponding to approximately 13,300 m of 2022 drilling across Eagle and Douay, with approximately 10,300 m of additional drilling completed to-date at Eagle and Telbel. Deep drilling at Telbel and Douay is being funded by a previously announced CAD 4.8-million supplemental Year Two JV exploration budget. The JV's additional Year Three (February 2, annual start date) drilling and exploration plans will be designed by the partners in late fourth quarter 2022 and finalized during early first quarter 2023.