Maple Gold Mines Ltd. provided an update on winter drilling activities and upcoming exploration plans across the Company's district-scale 400 km² property package in Quebec, Canada. Approximately 10,000 metres have been drilled to-date this year and the Company expects to keep at least one rig active throughout 2022 with total drilling currently anticipated to reach up to 30,000 m. Eagle Mine Project: Maple Gold has an option to earn an undivided 100% interest in the Eagle Mine Project. The Company completed 3D modelling, targeting and permitting and subsequently commenced a 4,200 m Phase I drill campaign.

The Phase I campaign (now complete) included eight drillholes designed to test a possible secondary shoot of mineralization adjacent to the main shoot that was historically mined at Eagle starting in the 1970's during a significantly lower gold price environment. An additional deeper hole (up to 960 m) is now being drilled and three additional deeper sites (up to 1,350 m) are currently being permitted. Initial drill core observations are encouraging, with multiple drillholes intersecting semi-massive-pyrite iron-carbonate as well as other styles of mineralization known to carry gold.

The Company is sending Eagle samples to a new lab to expedite turnaround times. Initial assay results from the Phase I program at Eagle are expected to be released in Q2/2022 and the Company is in the process of permitting sites corresponding to an additional 4,000 m Phase II program that will include deeper drillholes to test the main mine trend at depth below the historical mine workings. Douay Project: Approximately 5,500 m has been drilled to-date this year, including the two deepest holes ever drilled at Douay.

Drilling in 2022 (current and planned) at Douay includes more aggressive lateral step-out, discovery and deeper drilling that is designed to test multiple favourable horizons with the aim of making new discoveries and achieving significant resource gains. While there is limited drilling to-date in the Taibi Group sediments north of the Casa Berardi North Fault, significant opportunities exist as highlighted by several zones hosted largely or entirely in Taibi Group sediments. The Company has recently completed two holes from the same collar as part of the JV's ongoing pursuit to discover sediment hosted mineralization along the northern flank of the resource area.

The current phase of drilling at Douay includes an additional 800 m drillhole at the 531 Zone that is designed to test the intersection of easterly-plunging mineralization from the Porphyry Zone (east) and the westerly-plunging mineralization from the 531 Zone. Follow-up drilling at the NE IP Discovery Target also planned, where a large sulfide system with gold showings was encountered during 2020-2021 drilling. The average vertical depth of drilling at Douay is roughly 350 m and significantly deeper drillholes (1,500 ­ 2,000 m) are in the planning stages for subsequent phases of drilling in 2022.

The Company has also received preliminary results from the recently completed high-resolution airborne magnetic and electromagnetic ("Mag-EM") survey, which covered the western half of Douay where a series of base metal and gold-rich VMS targets were previously defined. The results and corresponding regional targets generated from the survey at Douay will be released once final interpretations are completed. Joutel Project: Initial targets for Phase I drilling in the Telbel mine area at Joutel have been defined and permitting is now underway.

Phase I drilling at Telbel is expected to include up to three step-out drillholes designed to test for potential extensions of the main mine trend at depth. Mining at Telbel was primarily focused on the exploitation of a single zone between the 600 ­ 1,000 m levels and the Company's digitization and 3-D modeling work indicate the potential for gold mineralization to extend well beyond the footprint of the past producing Telbel mine. Drilling at Telbel can be completed year-round with Phase I anticipated to commence in 2022 once permits are received.

The regional Mag-EM survey will further support drill targeting across the entire Joutel Project including the main Eagle-Telbel mine trend, interpreted subparallel target trends, as well as the regional Joutel Deformation Zone West ("JDZ West") trend.