Maple Gold Announces $5 Million Non-Brokered Private Placement Led by Strategic Investor Michael Gentile and Provides Corporate Update

Core Viewpoint - Maple Gold Mines Ltd. is raising approximately C$5 million through a non-brokered private placement led by strategic investor Michael Gentile, with participation from Agnico Eagle Mines Limited to maintain its ownership interest [1][4][6] Financing Details - The offering will consist of C$3.5 million in charity flow-through units priced at C$0.85 each and C$1.5 million in non-flow-through units priced at C$0.60 each [6][7] - Proceeds will support a planned 10,000-metre drill program at the Douay and Joutel Gold Projects, with an updated mineral resource estimate expected in H1 2026 [6][9] Board Changes - Marc Legault and Chris Adams will join the Board of Directors effective August 31, 2025, while Michelle Roth and Maurice Tagami will retire [2][12] - Legault has over 40 years of experience in the gold and base metals industry, primarily with Agnico Eagle, while Adams has over 30 years of mining finance experience [12][13] Share Consolidation - The company plans a 10-for-1 share consolidation effective September 8, 2025, reducing the number of shares from approximately 457.2 million to about 45.7 million [3][15][16] - The consolidation aims to improve investor sentiment and attract new institutional investors [15] Project Overview - The Douay/Joutel Gold Project is located in Québec's Abitibi greenstone belt and hosts an established mineral resource of 511,000 ounces of gold (Indicated) and 2.53 million ounces of gold (Inferred) [20][25] - The project covers approximately 481 km² of prospective geology, with significant potential for resource growth [20][22]