Maple Gold Mines Ltd. reported results from the final 20% of assays that were received from the previously completed 14,720 metres ("m") of drilling at the 100%-controlled Eagle Mine Property ("Eagle"). The Company is also pleased to report that more than 7,000 m have now been completed (6,000 m planned) at the Telbel Mine area of the Joutel Project, which is held by a 50/50 joint venture (the "JV") between the Company and Agnico Eagle Gold Mines Limited. The final batch of assays received from completed drilling at Eagle correspond to approximately 3,000 m of the 14,720 m drilled to-date.

The results continue to demonstrate continuity of mineralization and the potential significance of the multiple horizons/splays to the northwest of the former Eagle mine. Highlights include: EM-22-008W intersected 6.2 grams per tonne ("g/t") gold ("Au") over 2.0 m in the South Mine Horizon ("SMH") and 4.2 g/t Au over 3.9 m in sediments further downhole. EM-22-006W1 intersected multiple intercepts including 6.5 g/t Au over 1.2 m and 2.0 g/t Au over 3.0 m in the SMH and 2.3 g/t Au over 3.0 m at the microgabbro/Harricana sediment contact further downhole.

EM-22-006W4 intersected 4.0 g/t Au over 0.7 m within a broader 1.1 g/t Au over 14.2 m intercept within the SMH. EM-22-017A intersected 2.9 g/t Au over 2.0 m and additional lower grade over broader near-surface intervals (1.0 g/t Au over 15.5 m from 93 m downhole). Overview Summary and Key Takeaways from Drilling at Eagle The Eagle-Telbel Mine trend produced 1.1 Moz at 6.5 g/t Au from 1974 - 1993, during a period when the price of gold averaged approximately $350 per ounce.

During the first year of the JV (2021), all historical mining, stope and drilling data was digitized to underpin a new 3D geological model. The Company signed an option agreement to acquire a 100% interest in the Eagle Mine Property and has since completed more than 21,500 m of drilling across the 4 km long Eagle-Telbel Mine trend, with 14,720 m at Eagle and more than 7,000 m (assays pending) of JV drilling at Telbel. The Company's drilling to-date at Eagle has served to confirm that gold mineralization is not limited to a narrow stratigraphic interval (Eagle-Telbel Mine Horizon) but instead covers a significantly broader stratigraphic interval of over 100 m straddling the Harricana Deformation Zone.

Drill core observations also support the Company's concept of a significant structural component to gold mineralization in the form of an orogenic gold overprint. Several highlights from the Company's first year of drilling at Eagle are summarized as: EM-22-005: 4.0 g/t Au over 7.5 m, including 6.4 g/t Au over 3.0 m; EM-22-009: 11.4 g/t Au over 3 m, including 24.4 g/t Au over 1 m · EM-22-013: 2.3 g/t Au over 10.4 m, including 5.0 g/t Au over 3.2 m; EM-22-015: 10.3 g/t Au over 7.8 m, including 41.1 g/t Au over 1.0 m; EM-22-015: 4.3 g/t Au over 3.9 m, including 7.4 g/t Au over 1.5 m; EM-22-016: 3.1 g/t Au over 7.3 m, including 4.0 g/t Au over 3.6 m; When combining the Company's drilling results and observations with notable historical results and new geophysical data, several priority target areas emerge along the SMH and North Mine Horizon ("NMH"); including multiple cross-plunging target concepts that will form part of the focus for the Company's next phase of drilling (5,000 m). The Company has initiated target definition and permitting work for a planned summer 2023 follow-up program at Eagle and priority follow-up targets will also be defined at Telbel once assay results have been received and interpreted from the first phase of deep drilling.